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85 Terrace Avenue

85 Terrace Avenue, West Orange, NJ 07052
Property in Essex
Sold Aug 24, 2016
$650,000
$650,000
Mortgage
Sold Oct 13, 2001
$323,649
$258,900 by Gmac Mtg
Mortgage
85 Terrace Avenue in West Orange, NJ was first built in 2001 and is 23 years old. This has been categorized as a residential property type. 85 Terrace Avenue has 2,504 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 1,320. In total, the area measurement of the land is 10,559 square feet.

Learn more about the property and building on this page. The property was last sold in Aug 12, 2016 for $650,000. That's $259.58 per sqft. Prior to that sales transaction, the property was also sold in Sep 14, 2001 for $323,649. 85 Terrace Avenue was last assessed in 2022. The total value of the property was assessed at $520,800. Specifically, the land the property is located on was valued at $148,000. While improvements on the property were assessed at a total of $372,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $23,108. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,559
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,504
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.242
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MEADE ROBIN R
  • Previous Owner : HILMAWAN RONALD
  • Previous Owner 2: HIMAWAN SHIH HWEI
  • Owner Before Previous Owner: DEVT TERRACE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 017400

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 22
  • Parcel: 22 00152- 27-00068
  • Block: 152.27
  • Lot: 68
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.8099
  • Longitude: -74.2504

    Address

  • Full Address: 85 Terrace Ave
  • Address - House Number: 85
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C085
  • 4-Digit Zip Code: 3654
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,108

    Appraisal Valuation

  • Standard Deviation: 0.2202
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 69
  • Final Value: 830,985
  • High Value: 1,013,994
  • Low Value: 647,975

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $650,000
  • First Open Lien Mortgage Recording Date: Aug 24, 2016
  • First Open Lien Mortgage Loan Amount: $650,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $520,800
  • Market Land Value: $148,000
  • Market Improvement Value: $372,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $520,800
  • Assessed Land Value: $148,000
  • Assessed Improvements Value: $372,800

    Sales

  • Current Sale Contract Date: Aug 12, 2016
  • Current Sale Recording Date: Aug 24, 2016
  • Current Sale Transaction ID: 1806095375
  • Current Sale Price: $650,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2016072958
  • Previous Sale Recording Date: Oct 13, 2001
  • Previous Sale Contract Date: Sep 14, 2001
  • Previous Sale Amount: $323,649
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Transaction Date: Aug 24, 2016
  • First Mortgage Loan Amount: $650,000
  • First Mortgage Terms: 360
  • Second Mortgage Lender: LOANDEPOT.COM LLC
  • Second Mortgage Transaction Date: Aug 24, 2016
  • Second Current Mortgage Financing Type: Unknown
  • Second Mortgage Loan Amount: $516,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: GMAC MTG
  • Previous Mortgage Transaction Date: Oct 13, 2001
  • Previous Mortgage Loan Amount: $258,900
  • Previous Mortgage Term: 360

About Essex



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Frequently Asked Questions

What neighborhood is 85 Terrace Avenue located in?
The 85 Terrace Avenue is a located in the neighborhood of Essex in Essex, West Orange.
What is the average sales price for listings in 85 Terrace Avenue?
The average sales price for units in 85 Terrace Avenue is $0 currently.

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