NOT LISTED FOR SALE

48 Forest Terrace Wayne, NJ 07470

Estimated Value: $640,000 - $803,000

4 Beds
2 Baths
2,487 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 21, 2023

Last sale price $500,000 $201 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,795/month

40 Days on Market

Highlights

  • Lake Privileges
  • Baseboard Heating
  • Rectangular Lot
  • Packanack Elementary School Rated A-

About This Home

As of August 2023

Lake Style Living at it's finest! Lovely 4 Bed 2 Bath Home on a private wooded lot with access to Packanack Lake is sure to impress! Well maintained with over 2400 sq ft of living, move-in-ready and waiting for you! Blissful, light and bright Sunroom welcomes you in with panoramic views, walls of windows, vaulted ceiling with skylight, and perfectly exudes that cozy log cabin feel! Spacious Living/Dining combo features HW flrs and decorative stone Fireplace, flowing right into the charming Kitchen area. Home Office, sizable Family rm with Laundry, the Main Bath and 1 Bedroom round out the main lvl for easy, accessible living. Upstairs, the 2nd Full Bath, versatile Landing area & 3 more generous Bedrooms. Quaint Backyard with storage shed backs to peaceful, private wooded views. Ample parking and right down the street from the Lake, with Beach + Dock access! Don't wait! This could be the one!!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st Advantage Listed on: 06/16/2023

RE/MAX 1st Advantage

Last Buyer's Agent

Outside Agent

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,975

Lot Details

  • 0.31 Acre Lot
  • Rectangular Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Lake Privileges

Listing and Financial Details

  • Legal Lot and Block 00012 / 01702

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,975

Lot Details

0

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: 732-382-0200
  • Outside Inclusions: Gas Range, D/W, Fridge, Microwave, Washer, Dryer, Lights
  • MLS Status: Sold - Sold
  • Directions: Alps Rd to Hillside Terr to Forest Terr
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: 2story
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Primary Bathroom: No
  • Basement Remarks: Yankee Style, Bilco Doors, Utilities

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: Lake Privileges
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: Personal Belongings
  • Construction Type: Stone, Vinyl Siding

Utilities

  • Cooling: None
  • Heating: Baseboard, Natural Gas, Hot Water, Radiant Floor

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: 13634.0

Tax Info

  • Tax Annual Amount: 6975.0
  • Tax Block: 01702
  • Tax Lot: 00012

MLS Schools

  • High School Text: Wayne Valley H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2022
Sold by
Frances Mottole
Bought by
Edie Christopher and Cuozzo Krystina
Current Estimated Value
$710,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$256,874
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$453,618
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Edie Christopher $340,000 Chicago Title
Edie Christopher $340,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edie Christopher $270,000
Closed Edie Christopher $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2023 08/21/23 Sold $500,000 +8.7% $201 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $460,000 -- $185 / 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 $12,992 $218,500 $106,300 $112,200
2024 $12,494 $218,500 $106,300 $112,200
2022 $12,354 $218,500 $106,300 $112,200
2021 $12,341 $218,500 $106,300 $112,200
2020 $12,286 $218,500 $106,300 $112,200
2019 $12,048 $218,500 $106,300 $112,200
2018 $11,941 $218,500 $106,300 $112,200
2017 $11,832 $218,500 $106,300 $112,200
2016 $11,416 $218,500 $106,300 $112,200
2015 $11,276 $218,500 $106,300 $112,200
2014 $10,950 $218,500 $106,300 $112,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23018600

New Jersey MLS

APN: 14-01702-0000-00012