NOT LISTED FOR SALE

242 Terrace Ave Lodi, NJ 07644

Estimated Value: $733,000 - $952,000

3 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold May 29, 2024

Last sale price $785,000

Est. 13% increase in value since last sale

Current estimated payment $6,014/month

Highlights

  • En-Suite Primary Bedroom
  • Baseboard Heating
  • Washer and Dryer
  • Hilltop Elementary School Rated A-

About This Home

As of September 2024

2nd floor unit with 1 parking space is asking for $2950 per month. Unit has LR, DR, New EIK with New appliances, Full Bath, BR, BR, MBR w Full Bath. Unit has its exclusive New washer/dryer and a large storage room in the basement. Tenants pay for their own electricity, gas, heat, hot water. Close to Hilltop Elementary school, train station, supermarket, shoppings....etc. Close to Rt.46, Rt.80, Rt.21. Only 30 mins drive from mid-town. Pet subject to approval.

Last Agent to Rent the Property

Tracy Chan

Century 21 Cedarcrest Realty, Inc. Listed on: 08/15/2024

Century 21 Cedarcrest Realty, Inc.

Last Renter's Agent

Tracy Chan

Century 21 Cedarcrest Realty, Inc. Listed on: 08/15/2024

Century 21 Cedarcrest Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,092

Year Built

  • 1986

Lot Details

  • 4,008

Parking

  • 1 Open Parking Space

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Cooling System Powered By Gas
  • Baseboard Heating
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,092

Year Built

1986

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: 2 Family
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: Sunrise, Sunset
  • NAV29_Unit_1_Appliances: Dishwasher, Ov/Rang/Gs, Refrigerator, Washer/Dryer, Water
  • Reso Association Amenities: None
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: (973) 228-1050
  • MLS Status: Leased - Leased
  • Directions: Between Grove St & Woodside Ave
  • Reso Fireplace Features: None
  • Year Built Details: 1980's
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1986

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Primary Bathroom: Yes

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Open Parking Spaces: 1.0
  • Parking Features: Parking Spaces

Utilities

  • Cooling: Gas
  • Heating: Baseboard, Natural Gas, Hot Water

Lot Info

  • Lot: 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
May 28, 2024
Sold by
Paladino Benedetta and Paladino Joseph
Bought by
Lin Xue Bin
Seller's Agent
Emily Harr
Erealty Group LLC
Buyer's Agent
Emily Harr
Erealty Group LLC
List Price
$725,000
Sold Price
$785,000
Premium/Discount to List
$60,000
8.28%
Views
12
Current Estimated Value
$884,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,140
Avg. Annual Appreciation
10.33%
Original Mortgage
$471,000
Outstanding Balance
$467,224
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$416,916

Purchase Details

Closed on
May 11, 2016
Sold by
Paladino Joseph and Costa Angela
Bought by
Paladino Benedetta

Purchase Details

Closed on
Apr 1, 2015
Sold by
Paladino Joseph
Bought by
Paladino Joseph
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
Lin Xue Bin $785,000 None Listed On Document
Paladino Benedetta -- Attorney
Paladino Joseph -- Attorney
Paladino Joseph -- None Available
Paladino Joseph -- None Available
Paladino Benedetta -- None Available
Paladino Joseph -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Xue Bin $471,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2024 08/10/24 For Rent $2,950 0.0% --
05/29/2024 05/29/24 Sold $785,000 +8.3% --
03/13/2024 03/13/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $725,000 0.0% --
02/08/2024 02/08/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $725,000 -- --
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 $14,092 $420,400 $137,900 $282,500
2024 $13,772 $420,400 $137,900 $282,500
2023 $13,722 $420,400 $137,900 $282,500
2022 $13,722 $420,400 $137,900 $282,500
2021 $13,894 $420,400 $137,900 $282,500
2020 $13,810 $420,400 $137,900 $282,500
2019 $13,621 $420,400 $137,900 $282,500
2018 $13,646 $420,400 $137,900 $282,500
2017 $13,629 $420,400 $137,900 $282,500
2016 $13,629 $420,400 $137,900 $282,500
2015 $13,465 $420,400 $137,900 $282,500
2014 $13,423 $420,400 $137,900 $282,500
Source: Public Records

Agents Affiliated with this Home

  • Emily Harr

    Seller's Agent in 2024

    Emily Harr

    Erealty Group LLC

    (973) 714-1345

    9 in this area

    62 Total Sales

    Section Image
  • Philip Roselli

    Seller Co-Listing Agent in 2024

    Philip Roselli

    Roselli Realty, LLC

    (201) 407-6444

    13 in this area

    32 Total Sales

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 24026555

New Jersey MLS

APN: 31-00233-0000-00016

New Jersey Bergen County Lodi 07644

242 Terrace Ave, Lodi, NJ

This home is located at 242 Terrace Ave, Lodi, NJ 07644 since 15 August 2024 and is currently priced at $846,765. This property was built in 1986. 242 Terrace Ave is a home located in Bergen County with nearby schools including Hilltop Elementary School, Thomas Jefferson Middle School, and Lodi 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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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