$511,000
SOLD FEB 19, 2018

109 Terrace Dr Unit 109 Chatham, NJ 07928

2 Beds
2 Baths
1,400 Sq Ft
$439/mo HOA Fee

Recently Sold

$365 Per Sq Ft

4% Above List Price

9 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Formal Dining Room
  • Chatham High School Rated A+
  • Den
  • 1 Car Direct Access Garage

About This Home

As of July 2021

Picture perfect and pristine move in ready 2 Bedroom 2 bath first floor unit with finished lower level in Sutton Woods. Large, bright rooms throughout, crown moldings, kitchen w stainless appliances. A must see unit . Finished lower level with family type room, second room with full closet and a finished storage room with shelving. First floor Laundry. Private deck off dining room. Fireplace in Living room. A beautiful community minutes from downtown Chatham,Summit and New Providence train stations. Monthly maintenance fee & application fee is approximate, needs to be confirmed with property management group.

Last Agent to Sell the Property

Tom Heyl

KELLER WILLIAMS REALTY Listed on: 12/13/2017

KELLER WILLIAMS REALTY

Last Buyer's Agent

Zander Oldendorp

COMPASS NEW JERSEY, LLC

COMPASS NEW JERSEY, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,698

Year Built

  • Built in 1990

HOA Fees

  • $439 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Additional Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Storage Room
  • Laundry Room
  • Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Country Kitchen
  • Gas Oven or Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Electric Baseboard Heater
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2305-00064-0004-00003-0005-
  • Tax Block *

Community Details

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,698

Year Built

Built in 1990

Lot Details

0

HOA Fees

$439 per month

Parking

1

Listing Details

  • Style: First Floor Unit, Multi Floor Unit, Townhouse-Interior
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1990
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 109
  • Directions: River to Mt Vernon to Terrace Drive. Building 20. First group of building on left.
  • I D: 4765409
  • Modified: 2021-09-23
  • Number Images: 18
  • Section Subdiv Development: Sutton Woods
  • First Name: THOMAS A.
  • First Name3: ZANDER
  • Last Name: HEYL
  • Last Name3: OLDENDORP
  • Office Phone: 908-273-2991
  • Office Phone3: 973-229-6475
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas, Refrigerator, Dishwasher, Microwave Oven
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: Ground
  • Family Room Level: Ground
  • Kitchen Area: Country Kitchen, Eat-In Kitchen
  • Kitchen Dim: 10x13
  • Kitchen Level: First
  • Living Room Dim: 14x22
  • Living Room Level: First
  • Other Room 1: Storage Room
  • Other Room1 Dim: 11x11
  • Other Room1 Level: Ground
  • Level 1 Rooms: Laundry Room, 2 Bedrooms, Foyer, Living Room, Dining Room, Bath Main, Bath(s) Other, Kitchen
  • Ground Level Rooms: Utility Room, Den, GarEnter, Storage Room, Family Room
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air, Auxiliary Electric Heat, Baseboard - Electric
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 439
  • Association Maintenance Fee Frequency: Monthly

Lot Info

  • Lot Size: 0.400 AC
  • Assessed Improvement Value: 245000
  • Assessed Land Value: 150000
  • Assessment: 395000
  • Easement: Unknown
  • Lot Identifier: 3.5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.40

Rental Info

  • Application Fee: 975
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6698
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2305-00064-0004-00003-0005-
  • Tax Rate Amount: 1.759
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
Santiago Andrea L
Bought by
Donohue Mary
Current Estimated Value
$651,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Outstanding Balance
$511,301
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$139,816

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 28, 2021
Sold by
Demenezes Flavia Henriques and De Menezes Cassio
Bought by
Santiago Andrea L
Seller's Agent
MARIA H. DUNNE
KELLER WILLIAMS VILLAGE SQUARE
Buyer's Agent
MICHELLE ROBINSON
PROMINENT PROPERTIES SIR
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$476,190
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2019
Closed on
Jun 19, 2019
Sold by
Robinson Heather
Bought by
Henriques Demenezes Flavia and Campello De Menezes Cassio
Seller's Agent
Susan Oldendorp
COMPASS NEW JERSEY, LLC
Buyer's Agent
Susan Riesebeck
WEICHERT REALTORS
List Price
$539,000
Sold Price
$515,000
Premium/Discount to List
-$24,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.49%
Original Mortgage
$386,250
Interest Rate
3.73%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 13, 2017
Closed on
Feb 14, 2018
Sold by
Gilmartin Erin M and Estate Of Anita C Gilmartin
Bought by
Robinson Heather
Seller's Agent
Tom Heyl
KELLER WILLIAMS REALTY
Buyer's Agent
Zander Oldendorp
COMPASS NEW JERSEY, LLC
List Price
$489,000
Sold Price
$511,000
Premium/Discount to List
$22,000
4.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.56%

Purchase Details

Closed on
Jul 18, 2017
Sold by
Gilmartin Anita C and Estate Of James R Gilmartin
Bought by
Gilmartin Anita C

Purchase Details

Closed on
Sep 26, 2000
Sold by
Mckown Valona T
Bought by
Gilmartin Anita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,150
Interest Rate
7.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 30, 1998
Sold by
Mckown James
Bought by
Mckown James and Mckown Valona T
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $645,000 First American Title
Deed $520,000 Foundation Title Llc
Bargain Sale Deed $515,000 Old Republic Natl Ttl Ins Co
Deed $511,000 None Available
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $379,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $516,000 New Conventional
Previous Owner $476,190 New Conventional
Previous Owner $386,250 Adjustable Rate Mortgage/ARM
Previous Owner $322,150 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $520,000 -1.0% $371 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $525,000 +1.9% $375 / Sq Ft
07/12/2019 07/12/19 Sold $515,000 -0.8% $368 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
04/22/2019 04/22/19 Price Changed $519,000 -3.7% $371 / Sq Ft
04/03/2019 04/03/19 For Sale $539,000 +5.5% $385 / Sq Ft
02/19/2018 02/19/18 Sold $511,000 +4.5% $365 / Sq Ft
12/22/2017 12/22/17 Pending -- -- --
12/13/2017 12/13/17 For Sale $489,000 -- $349 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,726 $395,000 $150,000 $245,000
2023 $7,726 $395,000 $150,000 $245,000
2022 $7,627 $395,000 $150,000 $245,000
2021 $7,627 $395,000 $150,000 $245,000
2020 $7,477 $395,000 $150,000 $245,000
2019 $7,323 $395,000 $150,000 $245,000
2018 $7,240 $395,000 $150,000 $245,000
2017 $7,059 $395,000 $150,000 $245,000
2016 $6,948 $395,000 $150,000 $245,000
2015 $6,670 $395,000 $150,000 $245,000
2014 $6,615 $395,000 $150,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3435595

Garden State MLS

APN: 05-00064-04-00003-05