NOT LISTED FOR SALE

15 Lorraine Terrace Unit 3 Boonton, NJ 07005

Estimated Value: $665,000 - $739,000

6 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold September 28, 2017

Last sale price $420,000

Est. 68% increase in value since last sale

Current estimated payment $4,713/month

58 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Corner Lot
  • School Street Elementary School Rated A-
  • Main Floor Bedroom
  • Formal Dining Room

About This Home

As of September 2017

Investors look no more! This 2 family house has 2 seperate entrances and two driveways and features hardwood floors throughout. First floor unit was renovated in 2011, great rental income potential. Corner lot, fabulous private yard. Workshop in basement, close to 287, Trendy Main street shopping district.

Last Agent to Sell the Property

Jennifer Pickett

COMPASS NEW JERSEY LLC Listed on: 05/17/2017

COMPASS NEW JERSEY LLC

Last Buyer's Agent

Jennifer Pickett

COMPASS NEW JERSEY LLC Listed on: 05/17/2017

COMPASS NEW JERSEY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,555

Year Built

  • Built in 1966

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Private Driveway
  • Parking Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Shades
  • Blinds
  • Living Room
  • Formal Dining Room
  • Washer
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Powder Room
  • 3 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • School St. Elementary School
  • John Hill Middle School
  • Boonton High School

Utilities

  • Multiple Heating Units
  • Forced Air Heating System

Community Details

  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 2301-00033-0001-00020-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,555

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Multi Floor Unit
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1966
  • Year Built Description: Approximate
  • County Name: Morris
  • Possible Other Uses: Multi-Family
  • Renovated Year: 2011
  • Street Number Display: 15
  • Directions: House on the corner of Cooper and Lorraine. Main st to Hillside to Lorraine.
  • I D: 4714154
  • Modified: 2021-09-23
  • Number Images: 14
  • First Name: JENNIFER
  • First Name3: JENNIFER
  • Last Name: PICKETT
  • Last Name3: PICKETT
  • Office Phone: 295163
  • Office Phone3: 295163
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2011

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Wood
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Shades, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 12
  • Bedrooms: 6
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Separate Dining Area, Eat-In Kitchen
  • Kitchen Dim: 8x8
  • Kitchen Level: First
  • Living Room Dim: 19x16
  • Living Room Level: First
  • Level 1 Rooms: Kitchen, Powder Room, 3 Bedrooms, Dining Room, Living Room, Bath Main
  • Ground Level Rooms: Kitchen, Powder Room, 3 Bedrooms, Living Room, Bath Main
  • Phone: 973-663-1660

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Workshop, Curbs, Metal Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Under
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: Concrete, Parking Lot-Exclusive, 2 Car Width, Driveway-Exclusive

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Storage

Schools

  • Elementary School: School St.
  • Middle School: John Hill
  • High School: Boonton
  • High School: Boonton
  • Middle Jr High School: John Hill

Lot Info

  • Lot Size: 51X95
  • Assessed Improvement Value: 209400
  • Assessed Land Value: 137800
  • Assessment: 347200
  • Lot Description: Corner
  • Lot Identifier: 20
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.11

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9555
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2301-00033-0001-00020-0000-
  • Tax Rate Amount: 2.752
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: School St.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2017
Closed on
Sep 26, 2017
Sold by
Ilijic Novak Sibyl and Ilijic Justine
Bought by
Vargas Samuel and Perjuci Ganimet
Seller's Agent
Jennifer Pickett
COMPASS NEW JERSEY LLC
Buyer's Agent
Jennifer Pickett
COMPASS NEW JERSEY LLC
List Price
$400,000
Sold Price
$420,000
Premium/Discount to List
$20,000
5%
Current Estimated Value
$704,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,490
Avg. Annual Appreciation
6.66%
Original Mortgage
$405,982
Outstanding Balance
$339,472
Interest Rate
3.86%
Mortgage Type
FHA
Estimated Equity
$365,018
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vargas Samuel $420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Samuel $405,982
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $420,000 +5.0% --
07/14/2017 07/14/17 Pending -- -- --
05/17/2017 05/17/17 For Sale $400,000 -- --
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
2025 $11,735 $347,200 $137,800 $209,400
2024 $11,426 $347,200 $137,800 $209,400
2023 $11,426 $347,200 $137,800 $209,400
2022 $10,829 $347,200 $137,800 $209,400
2021 $10,829 $347,200 $137,800 $209,400
2020 $10,381 $347,200 $137,800 $209,400
2019 $10,517 $347,200 $137,800 $209,400
2018 $10,239 $347,200 $137,800 $209,400
2017 $9,812 $347,200 $137,800 $209,400
2016 $9,555 $347,200 $137,800 $209,400
2015 $9,399 $347,200 $137,800 $209,400
2014 $9,190 $347,200 $137,800 $209,400
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Pickett

    Seller's Agent in 2017

    Jennifer Pickett

    COMPASS NEW JERSEY LLC

    (973) 315-8180

    3 in this area

    99 Total Sales

    Jennifer Pickett
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3388976

Garden State MLS

APN: 01-00033-01-00020

New Jersey Morris County Boonton 07005

15 Lorraine Terrace Unit 3, Boonton, NJ

This home is located at 15 Lorraine Terrace Unit 3, Boonton, NJ 07005 since 17 May 2017 and is currently estimated at $704,490. This property was built in 1966. 15 Lorraine Terrace Unit 3 is a home located in Morris County with nearby schools including School Street Elementary School, John Hill Elementary School, and Boonton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes