NOT LISTED FOR SALE

201 Terrace Lake Dr Unit 1 Butler, NJ 07405

Estimated Value: $457,000 - $514,000

2 Beds
2.5 Baths
1,692 Sq Ft
$365/mo HOA Fee

Last Sold February 27, 2020

Last sale price $310,000 $183 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,735/month

63 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Jogging Path
  • Private Pool
  • Deck
  • 1 Car Direct Access Garage

About This Home

As of February 2020

A RARE find! Immaculately maintained end-unit townhouse in gated community Cambridge Heights. 2 large bedrooms, plenty of indoor/outdoor living, and garage access to finished lower level family room. Impressive open floor plan, kitchen with separate eat-in area, formal living room with fireplace, large windows w/ tons of natural light. Master bedroom with large closet and private master bathroom. 2nd Bedroom with bathroom & laundry room conveniently located. Very spacious lower level walk out: perfect for recreational room/play room/office. Deck, patio, and property backs up to woods for plenty of privacy. A few feet to clubhouse w/ JUST updated gym & pool. BRAND NEW furnace and AC Unit just installed. Worry free! Very close to shopping, restaurants, major highways & walking distance to NJ transit bus stop.

Last Agent to Sell the Property

DEREK BOUDREAU

REALTY EXECUTIVES EXCEPTIONAL Listed on: 12/02/2019

Last Buyer's Agent

Kurt Wubbenhorst

BLUE FLAGS REALTY LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,642

Year Built

  • Built in 2001

Lot Details

  • 5,227

HOA Fees

  • $365 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Garage Door Opener
  • Private Driveway
  • On-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,692 Sq Ft Home
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck
  • Patio

Schools

  • Aaron Deck Elementary School
  • R.Butler Middle School
  • Butler High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2303-00101-0001-00001-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,642

Year Built

Built in 2001

Lot Details

0

HOA Fees

$365 per month

Parking

1

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 2001
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 201
  • Directions: Route 23 North to Cambridge Heights, down the hill, building and unit is first one on the right. Unit 201. Call/Text LA for Gate Code.
  • I D: 4947870
  • Modified: 2021-09-23
  • Number Images: 17
  • First Name: DEREK
  • First Name3: KURT A.
  • Last Name: BOUDREAU
  • Last Name3: WUBBENHORST
  • Office Phone: 9733055880
  • Office Phone3: 973-696-0077
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Walk-In Closet
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Family Room Level: Ground
  • Kitchen Area: Eat-In Kitchen, Pantry
  • Kitchen Dim: 10x9
  • Kitchen Level: Second
  • Living Room Dim: 19x13
  • Living Room Level: Second
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Kitchen, Laundry Room, Living Room, Pantry
  • Estimated Sq Ft: 1692
  • Ground Level Rooms: Bath(s) Other, Family Room, GarEnter, Walkout
  • Phone: 973-305-5880

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Patio
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Door Opener, On-Street Parking
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Driveway-Exclusive

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Exercise Room, Jogging/Biking Path, Kitchen Facilities, Pool-Outdoor
  • Association Maintenance Fee: 365
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

  • Elementary School: Aaron Deck
  • Middle School: R.Butler
  • High School: Butler
  • High School: Butler
  • Middle Jr High School: R.Butler

Lot Info

  • Lot Size: 0.1192 AC
  • Assessed Improvement Value: 109600
  • Assessed Land Value: 130000
  • Assessment: 239600
  • Lot Identifier: 1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.12

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8642
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2303-00101-0001-00001-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 3.607
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Aaron Deck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 25, 2020
Sold by
Mccloskey Kimberly A
Bought by
Bower Justin and Bower Jennifer
Seller's Agent
DEREK BOUDREAU
REALTY EXECUTIVES EXCEPTIONAL
Buyer's Agent
Kurt Wubbenhorst
BLUE FLAGS REALTY LLC
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%
Current Estimated Value
$491,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,148
Avg. Annual Appreciation
8.20%
Original Mortgage
$229,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2015
Closed on
Jun 29, 2015
Sold by
Salvado Debra C
Bought by
Mcloskey Kimberly A
Seller's Agent
WARREN FRERICHS
REALTY EXECUTIVES EXCEPTIONAL
Buyer's Agent
Mary Kissel Patrick
COLDWELL BANKER REALTY SRV
Sold Price
$312,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.14%
Original Mortgage
$280,800
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2009
Sold by
Pezzino John S and Pezzino Christine
Bought by
Salvado Debra C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,204
Interest Rate
4.83%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2002
Sold by
Town & Country
Bought by
Pezzino John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.27%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bower Justin $310,000 Fidelity National Ttl Ins Co
Mcloskey Kimberly A $312,000 Fidelity Nat Title Ins Co
Salvado Debra C $320,000 Colonial Title & Abstract Se
Pezzino John $247,931 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bower Justin $234,500
Closed Bower Justin $229,400
Previous Owner Mcloskey Kimberly A $280,800
Previous Owner Salvado Debra C $314,204
Previous Owner Pezzino John $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2020 02/27/20 Sold $310,000 -6.0% $183 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $329,900 +5.7% $195 / Sq Ft
07/01/2015 07/01/15 Sold $312,000 -- $185 / 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 $8,570 $372,100 $200,000 $172,100
2024 $8,750 $343,200 $182,500 $160,700
2023 $8,750 $329,700 $175,000 $154,700
2022 $9,186 $306,700 $162,500 $144,200
2021 $9,186 $239,600 $130,000 $109,600
2020 $8,951 $239,600 $130,000 $109,600
2019 $8,755 $239,600 $130,000 $109,600
2018 $8,642 $239,600 $130,000 $109,600
2017 $8,422 $239,600 $130,000 $109,600
2016 $8,204 $239,600 $130,000 $109,600
2015 $8,072 $239,600 $130,000 $109,600
2014 $7,823 $239,600 $130,000 $109,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    DEREK BOUDREAU

    REALTY EXECUTIVES EXCEPTIONAL

  • Kurt Wubbenhorst

    Buyer's Agent in 2020

    Kurt Wubbenhorst

    BLUE FLAGS REALTY LLC

    (973) 650-4858

    10 in this area

    245 Total Sales

    Kurt Wubbenhorst
    Section Image

  • W

    Seller's Agent in 2015

    WARREN FRERICHS

    REALTY EXECUTIVES EXCEPTIONAL

  • M

    Buyer's Agent in 2015

    Mary Kissel Patrick

    COLDWELL BANKER REALTY SRV

    (201) 925-0254

    10 Total Sales

    Mary Kissel Patrick
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3603548

Garden State MLS

APN: 03-00101-01-00001

New Jersey Morris County Butler 07405

201 Terrace Lake Dr Unit 1, Butler, NJ

This home is located at 201 Terrace Lake Dr Unit 1, Butler, NJ 07405 since 02 December 2019 and is currently estimated at $491,148, approximately $290 per square foot. This property was built in 2001. 201 Terrace Lake Dr Unit 1 is a home located in Morris County with nearby schools including Aaron Decker School, Richard Butler School, and Apple Montessori Schools and Camps - Kinnelon.

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