NOT LISTED FOR SALE

242 Terrace Lake Dr Butler, NJ 07405

Estimated Value: $450,000 - $513,000

2 Beds
2 Baths
1,415 Sq Ft
$324/mo HOA Fee

Last Sold May 12, 2017

Last sale price $309,000 $218 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,553/month

36 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Cathedral Ceiling
  • Private Pool
  • Deck
  • Wood Flooring

About This Home

As of May 2017

Pristine rare end townhouse/condo unit located in a gated community located minutes off Rt. 23. NYC Bus nearby for easy commute. 2nd Floor unit w/bonus spacious loft & 1 car gar w/lg storage closet w/french doors, hose hookup.Beautiful home w/ cathedral ceilings.Gas fpl in LR provides a warm and cozy atmosphere complimenting the hand-scraped hardwood floors. Kit & hallways elegantly tiled with Italian porcelain. Kitchen complete with S/S appliances,granite counters,extra deep S/S sink w/ exquisite vintage style faucet, upgraded subway style back splash. Full Dining area which overlooks the complex and surrounding mountains. Views of the lake from the front bedrooms and all day sun on your over sized deck in the rear of house. Generous sized bedrooms, plus walk in closet. 1 Pet permitted.

Last Agent to Sell the Property

Colleen McMahon

C-21 CREST REAL ESTATE, INC. Listed on: 02/09/2017

Last Buyer's Agent

Ronald Aiosa

KELLER WILLIAMS PROSPERITY REALTY

KELLER WILLIAMS PROSPERITY REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,707

Year Built

  • Built in 2001

Lot Details

  • 5,227

HOA Fees

  • $324 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Additional Parking
  • Parking Lot

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Loft
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

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
  • Standard Electricity
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2303-00101-0004-00009-0000-
  • Tax Block *

Community Details

Overview

  • $324 Other One-Time Fees

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,707

Year Built

Built in 2001

Lot Details

0

HOA Fees

$324 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
  • Exclusions: MBR closet light fixture
  • Street Number Display: 242
  • Directions: RT. 23 N/ CAMBRIDGE DR. /TERRACE LK. DR.
  • I D: 4684660
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: CAMBRIDGE HEIGHTS
  • First Name: COLLEEN
  • First Name3: RONALD
  • First Name4: WILLIAM
  • Last Name: MCMAHON
  • Last Name3: AIOSA
  • Last Name4: BOSWELL
  • Office Phone: 973-646-7419
  • Office Phone3: 973-696-0077
  • Office Phone4: 973-696-0077
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: Walk-In Closet, Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Smoke Detector
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: Second
  • Kitchen Area: Separate Dining Area, Eat-In Kitchen
  • Kitchen Level: Second
  • Living Room Level: Second
  • Other Room 1: Loft
  • Other Room1 Level: Third
  • Other Room 2: Bathroom
  • Other Room2 Level: Second
  • Other Room 3: Bathroom
  • Other Room3 Level: Second
  • Level 2 Rooms: Bath(s) Other, 2 Bedrooms, Kitchen, Laundry Room, Bath Main, LivDinRm
  • Level 3 Rooms: Loft
  • Phone: 973-686-1500

Exterior Features

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

Garage/Parking

  • Garage Description: Garage Door Opener, Oversize Garage, Built-In Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width, Parking Lot-Shared, Additional Parking, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor, Exercise Room, Kitchen Facilities
  • Association Maintenance Fee: 324
  • Association Maintenance Fee Frequency: Monthly

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 324

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: 90100
  • Assessed Land Value: 135000
  • Assessment: 225100
  • Lot Description: Corner
  • Lot Identifier: 9
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.12
  • Zoning: RESIDENTIAL

Rental Info

  • Application Fee: 972
  • Pets Allowed: Restrictions

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7707
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2303-00101-0004-00009-0000-
  • Tax Rate Amount: 3.424
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Aaron Deck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2017
Closed on
May 12, 2017
Sold by
Ambrosio Nicholas D and Ambrosio Brittany D
Bought by
Leber Christina and Saravo Jan Marie
Seller's Agent
Colleen McMahon
C-21 CREST REAL ESTATE, INC.
Buyer's Agent
Ronald Aiosa
KELLER WILLIAMS PROSPERITY REALTY
List Price
$319,900
Sold Price
$309,000
Premium/Discount to List
-$10,900
-3.41%
Current Estimated Value
$463,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,289
Avg. Annual Appreciation
5.03%
Original Mortgage
$278,100
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2013
Closed on
Mar 15, 2013
Sold by
Mariconi David C
Bought by
Dambrosio Nicholas and Balut Brittany
Seller's Agent
NANCY SARFITY
TERRIE O'CONNOR REALTORS
Buyer's Agent
Colleen McMahon
C-21 CREST REAL ESTATE, INC.
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$212,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2002
Sold by
Town & Country
Bought by
Mariconi Dave

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,971
Interest Rate
7%
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
Leber Christina $309,000 None Available
Dambrosio Nicholas $265,000 First American Title Insuran
Mariconi Dave $198,714 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leber Christina $269,100
Closed Leber Christina $278,100
Previous Owner Dambrosio Nicholas $212,000
Previous Owner Mariconi David C $185,000
Previous Owner Mariconi David C $50,000
Previous Owner Mariconi Dave $158,971
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $309,000 -3.4% $218 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $319,900 +20.7% $226 / Sq Ft
03/15/2013 03/15/13 Sold $265,000 -- $187 / 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
2024 $8,320 $332,300 $182,500 $149,800
2023 $8,320 $313,500 $175,000 $138,500
2022 $8,630 $270,100 $162,500 $107,600
2021 $8,630 $225,100 $135,000 $90,100
2020 $8,410 $225,100 $135,000 $90,100
2019 $8,225 $225,100 $135,000 $90,100
2018 $8,119 $225,100 $135,000 $90,100
2017 $7,912 $225,100 $135,000 $90,100
2016 $7,707 $225,100 $135,000 $90,100
2015 $7,584 $225,100 $135,000 $90,100
2014 $7,350 $225,100 $135,000 $90,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3363367

Garden State MLS

APN: 03-00101-04-00009