NOT LISTED FOR SALE

16 Fairview Terrace Wayne, NJ 07470

Estimated Value: $639,935 - $734,000

4 Beds
2 Baths
1,344 Sq Ft
$511/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $537,000 $400 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,490/month

10 Days on Market

Highlights

  • Central Air
  • Packanack Elementary School Rated A-
  • Rectangular Lot

About This Home

As of February 2023

Impeccably maintained cape cod home in Packanack Lake. Spacious level lot, with plenty of parking and 1-car garage. Through the front door, enter the sun drenched living room adorned with high ceilings, bay window, perfect hardwood floors, coat closet,& wood-burning fireplace. The dining room easily fits a table for 4-6, with window peaking into the kitchen- including stainless steel appliances, recessed lights, tile floors, and pocket door to the gleaming 3-season room. Quaint deck leads to the patio in the backyard. Completing the 1st floor is 2 bedrooms with adequate closet space (hardwood floors under carpet) & a 2021 renovated, marble-tiled, full bath with seamless glass stall shower, including bench! The 2nd floor includes 2 more bedrooms with recessed lighting & skylights (hardwood floors under carpet), another spacious full bath with tub shower, plus a common walk-in closet found in the hall. Full unfinished basement with much potential. *Over $40k in upgrades since 2021*

Last Agent to Sell the Property

Jeannemarie Phelan

Weichert Realtors, Wayne Listed on: 01/21/2023

Weichert Realtors, Wayne

Last Buyer's Agent

Lauren Shaw

Realty Executives First Class

Realty Executives First Class

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,228

Lot Details

  • 9,365 Sq Ft Lot
  • Rectangular Lot

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Packanack Elementary School
  • George Washington Middle School
  • Wayne Valley High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00006 / 01701

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,228

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: (973) 839-4646
  • Outside Inclusions: All Appliances, Furniture Negotiable
  • MLS Status: Sold - Sold
  • Directions: NJ-23 N, Exit onto Alps Rd, Left on Fairview Ter,
  • Reso Fireplace Features: 1 Fireplace, Self-start
  • Year Built Details: 1950's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Primary Bathroom: No
  • Basement Remarks: Storage, Laundry, Workshop, Sump Pump, Door to Garage

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: None, Furniture Negotiable
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air

Schools

  • Elementary School: Packanack E.S.
  • High School: Wayne Valley H.S.
  • Middle Or Junior School: George Washington
  • Elementary: Packanack E.S.

Lot Info

  • Lot Size Sq Ft: 9365.0

Tax Info

  • Tax Annual Amount: 10228.0
  • Tax Block: 01701
  • Tax Lot: 00006

MLS Schools

  • High School Text: Wayne Valley H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2023
Closed on
Feb 15, 2023
Sold by
Schwartz Carol
Bought by
Kane Mark E and Kane Laura E
Seller's Agent
Jeannemarie Phelan
Weichert Realtors, Wayne
Buyer's Agent
Lauren Shaw
Realty Executives First Class
List Price
$480,000
Sold Price
$537,000
Premium/Discount to List
$57,000
11.88%
Views
104
Current Estimated Value
$687,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,234
Avg. Annual Appreciation
8.98%
Original Mortgage
$475,000
Outstanding Balance
$459,067
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$228,167

Purchase Details

Closed on
Jan 7, 2021
Sold by
Schwartz David M and Schwartz Carol
Bought by
Schwartz Carol

Purchase Details

Closed on
Oct 2, 1998
Sold by
Schwartz Carol and Greene Bernard
Bought by
Schwartz David M and Schwartz Carol
Source: Public Records
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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
Kane Mark E $537,000 Olde School Title Services
Kane Mark E $537,000 Olde School Title Services
Schwartz Carol -- None Listed On Document
Schwartz David M $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Mark E $475,000
Closed Kane Mark E $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2023 02/23/23 Sold $537,000 +11.9% $400 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $480,000 -- $357 / Sq Ft
Source: New Jersey 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 $10,756 $180,900 $101,800 $79,100
2024 $10,344 $180,900 $101,800 $79,100
2022 $10,228 $180,900 $101,800 $79,100
2021 $10,217 $180,900 $101,800 $79,100
2020 $10,172 $180,900 $101,800 $79,100
2019 $9,975 $180,900 $101,800 $79,100
2018 $9,886 $180,900 $101,800 $79,100
2017 $9,796 $180,900 $101,800 $79,100
2016 $9,658 $180,900 $101,800 $79,100
2015 $9,542 $180,900 $101,800 $79,100
2014 $9,273 $180,900 $101,800 $79,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23001996

New Jersey MLS

APN: 14-01701-0000-00006