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75 Burnett Terrace

75 Burnett Terrace, West Orange, NJ 07052
House in Essex
Sold Nov 03, 2021
$511,000
$467,948 by Family First Funding Llc
Mortgage Due Nov 01, 2051
Sold Oct 30, 2000
$125,000
Local assessors in West Orange, NJ have categorized 75 Burnett Terrace as a residential type of property. The home was built in 1972 and is 52 years old. The property's lot size has been calculated to be 15,229 square feet. The linear feet between the front and back of the lot was measured at 1,410 ft and the front of the lot was measured at 1,080 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 75 Burnett Terrace has a total of 2,324 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 75 Burnett Terrace sold most recently in Oct 4, 2021 for a total of $511,000. If you work out the math, that's approximately a cost of $219.88 per sqft. Before that, the property was also sold for $125,000 in Oct 30, 2000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,318 in taxes each year. 75 Burnett Terrace was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $390,300. If we break it down further, the land itself was valued at $195,100. Improvements to the property, however, were assessed at a total of $195,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,229
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 2,324
  • Building Area: 2,324
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,324
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RASHEED ASIM
  • Current Owner 2: FAROOQI SAIMA
  • Previous Owner : WALKER ROBERT
  • Previous Owner 2: ESTATE OF WANDA FRIESS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 018000

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 22
  • Parcel: 22 00045- 07-00012
  • Block: 45.07
  • Lot: 12
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.7621
  • Longitude: -74.2665

    Address

  • Full Address: 75 Burnett Ter
  • Address - House Number: 75
  • Address - Street Name: Burnett
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C032
  • 4-Digit Zip Code: 3726
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,318

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 67
  • Final Value: 688,986
  • High Value: 848,221
  • Low Value: 529,752

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $467,948
  • First Open Lien Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Open Lien Mortgage Recording Date: Nov 03, 2021
  • First Open Lien Mortgage Loan Amount: $467,948
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $390,300
  • Market Land Value: $195,100
  • Market Improvement Value: $195,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $390,300
  • Assessed Land Value: $195,100
  • Assessed Improvements Value: $195,200

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Transaction ID: 11865736507
  • Current Sale Price: $511,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021131042
  • Previous Sale Recording Date: Oct 30, 2000
  • Previous Sale Contract Date: Oct 30, 2000
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Mortgage Transaction Date: Nov 03, 2021
  • First Mortgage Loan Amount: $467,948
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2051

About Essex



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Nearby Rentals

Unit for rent at

$2,200 /mo

  • 2 Beds
  • 1.5 Baths
Listing by STEPHEN DUFF
Unit for rent at

$2,200 /mo

  • 3 Beds
  • 1 Bath
Listing by Manager
Unit for rent at

$2,199 /mo

  • 3 Beds
  • 2 Baths
Listing by Manager
Unit for rent at

$2,000 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 75 Burnett Terrace located in?
The 75 Burnett Terrace is a house located in the neighborhood of Essex in Essex, West Orange.
What is the average sales price for listings in 75 Burnett Terrace?
The average sales price for units in 75 Burnett Terrace is $0 currently.

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