NOT LISTED FOR SALE

16 Terrace Ln Ringwood, NJ 07456

Estimated Value: $405,000 - $465,000

4 Beds
1 Bath
1,130 Sq Ft
$384/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $325,000 $288 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,075/month

3 Days on Market

Highlights

  • Lake Privileges
  • Wood Flooring
  • Formal Dining Room
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Cul-De-Sac

About This Home

As of March 2021

Incredibly charming 4 bedroom Cape in a lake community setting. 1st floor boasts living room, open dining area, spacious kitchen, large family room and 2 bedrooms. 2 more bedrooms upstairs. 0.26 acre. Pride of ownership evident inside and out. Full basement gives plenty of storage. Walk out of back family room into large, fenced in yard with two sheds. 0.3 mile to Skyline Lake in Ringwood. Lake Membership optional. Convenient location: 0.2 miles to local restaurants and 0.2 miles to Ringwood Avenue. New septic installed in 2012.

Last Agent to Sell the Property

KIMBERLY D. CRABTREE

C-21 CREST REAL ESTATE, INC. Listed on: 01/14/2021

Last Buyer's Agent

MAUREEN O ROURKE

C-21 CREST REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,790

Year Built

  • Built in 1945

Lot Details

  • 0.26 Acre Lot
  • Cul-De-Sac
  • Privacy Fence

Parking

  • 3 Parking Spaces

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Lake Privileges
  • Storage Shed

Schools

  • P. Cooper Elementary School
  • M.J. Ryerson Middle School
  • Lakeland High School

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Community Storage Space

Listing and Financial Details

  • Assessor Parcel Number 2511-00750-0000-00005-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,790

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1945
  • Year Built Description: Approximate
  • County Name: Passaic
  • Street Number Display: 16
  • Directions: Ringwood Avenue to Skyline Lake Drive, Right on Terrace
  • I D: 5041740
  • Modified: 2022-03-23
  • Number Images: 19
  • First Name: KIMBERLY D.
  • First Name3: MAUREEN
  • Last Name: CRABTREE
  • Last Name3: O ROURKE
  • Office Phone3: 9736861500
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, TubShowr
  • Number Rooms: 7
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full
  • Basement Level Rooms: Storage Room
  • Dining Room Level: First
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bathroom
  • Other Room1 Level: First
  • Level 2 Rooms: 2 Bedrooms
  • Ground Level Rooms: 2 Bedrooms, Bath Main, Dining Room, Family Room, Kitchen
  • Phone: 973-686-1500

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Barbeque, Privacy Fence, Storage Shed
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 3
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: Wall A/C Unit(s)
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Septic 3 Bedroom Town Verified
  • Utilities: Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Lake Privileges, Storage

Schools

  • Elementary School: P. COOPER
  • Middle School: M.J. RYERSON
  • High School: LAKELAND
  • High School: LAKELAND
  • Middle Jr High School: M.J. RYERSON

Lot Info

  • Lot Size: 50X224
  • Assessed Improvement Value: 75000
  • Assessed Land Value: 129700
  • Assessment: 204700
  • Lot Description: Cul-De-Sac
  • Lot Identifier: 5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.26

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7790
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2511-00750-0000-00005-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.806
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: P. COOPER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
Mar 22, 2021
Sold by
Edewaard Michael and Edewaard Elizabeth A
Bought by
Gould Laura Michelle and Gould Michael Anthony
Seller's Agent
KIMBERLY D. CRABTREE
C-21 CREST REAL ESTATE, INC.
Buyer's Agent
MAUREEN O ROURKE
C-21 CREST REAL ESTATE, INC.
List Price
$312,000
Sold Price
$325,000
Premium/Discount to List
$13,000
4.17%
Current Estimated Value
$433,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,511
Avg. Annual Appreciation
6.70%
Original Mortgage
$308,750
Outstanding Balance
$278,314
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$155,197

Purchase Details

Listed on
Aug 14, 2018
Closed on
Nov 29, 2018
Sold by
Munoz Jose and Munoz Gladys
Bought by
Edewaard Michael and Edewaard Elizabeth A
Seller's Agent
Fran Bergen
PROMINENT PROPERTIES SIR
Buyer's Agent
KIMBERLY D. CRABTREE
C-21 CREST REAL ESTATE, INC.
List Price
$270,000
Sold Price
$265,000
Premium/Discount to List
-$5,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$251,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2016
Closed on
Nov 25, 2016
Sold by
Gallagher Susan
Bought by
Munoz Jose and Munoz Gladys
Seller's Agent
NANCY WORNER
COLDWELL BANKER REALTY WYK
Buyer's Agent
ROSELYS RAMIREZ
NICHOLAS REAL ESTATE AGENCY
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$225,834
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Gould Laura Michelle $325,000 Evident Title Agency Inc
Edewaard Michael $265,000 Belmont Title & Settlement S
Munoz Jose $2,230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gould Laura Michelle $308,750
Previous Owner Edewaard Michael $257,600
Previous Owner Edewaard Michael $251,750
Previous Owner Munoz Jose $225,834
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $325,000 +4.2% $288 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $312,000 +17.7% $276 / Sq Ft
12/14/2018 12/14/18 Sold $265,000 -1.9% $235 / Sq Ft
08/14/2018 08/14/18 For Sale $270,000 +17.4% $239 / Sq Ft
11/28/2016 11/28/16 Sold $230,000 -8.0% $204 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $249,900 -- $221 / 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
2025 $8,601 $206,600 $129,700 $76,900
2024 $8,316 $206,600 $129,700 $76,900
2022 $8,116 $204,700 $129,700 $75,000
2021 $8,008 $204,700 $129,700 $75,000
2020 $7,918 $204,700 $129,700 $75,000
2019 $7,791 $204,700 $129,700 $75,000
2018 $7,656 $204,700 $129,700 $75,000
2017 $7,482 $204,700 $129,700 $75,000
2016 $7,404 $204,700 $129,700 $75,000
2015 $7,197 $204,700 $129,700 $75,000
2014 $6,954 $204,700 $129,700 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3687058

Garden State MLS

APN: 11-00750-0000-00005