NOT LISTED FOR SALE

508 Terrace Dr Highland Lakes, NJ 07422

Estimated Value: $388,000 - $480,000

4 Beds
2 Baths
2,051 Sq Ft
$215/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $265,000 $129 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,121/month

33 Days on Market

Highlights

  • Sauna
  • 0.62 Acre Lot
  • Clubhouse
  • Lake View
  • Lake Privileges
  • Deck

About This Home

As of March 2021

Spacious & Airy Floor Plan With A Private Yard On Over Half An Acre! Take In The Seasonal Lake Views From Your Floor To Ceiling Windows!Cozy Up To Your Wood-burning Stove To Chase Away Winter's Chill! LOW TAXES! One Block From To The Lake! Minutes To Skiing, Golf, Water Park, Hiking/Biking Trails, Restaurants, Farm To Table Stands, Apple Picking, Wineries, Antiquing, Horseback Riding, Fishing, Historic Warwick & Shopping! SO MUCH SO CLOSE! *Room Sizes Are Approximate* Square Footage Per NJACTB***New Stove Installed 11/28***

Last Agent to Sell the Property

CHRISTINE N. MAROTTA

REALTY EXECUTIVES MOUNTAIN PROP. Listed on: 11/18/2020

Last Buyer's Agent

Maria Brock

REALTY EXECUTIVES MOUNTAIN PROP.

REALTY EXECUTIVES MOUNTAIN PROP.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,594

Year Built

  • Built in 1967

Lot Details

  • 0.62 Acre Lot
  • Open Lot
  • Wooded Lot

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Bi-Level Home
  • Tile

Interior Spaces

  • 2,051 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Thermal Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Utility Room
  • Sauna
  • Lake Views
  • Attic

Kitchen

  • Country Kitchen
  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Cedar Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Lake Privileges
  • Deck
  • Storage Shed

Schools

  • Rolling Hl Elementary School
  • Glen Mdw Middle School
  • Vernon High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Heating System Uses Oil Below Ground
  • Standard Electricity
  • Water Filtration System
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 2822-00456-0000-00002-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area

Amenities

  • Clubhouse

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,594

Year Built

Built in 1967

Lot Details

0

HOA Fees

$108 per month

Parking

2

Listing Details

  • Style: Bi-Level
  • Primary Style: Bi-Level
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built: 1967
  • Year Built Description: Approximate
  • County Name: Sussex
  • Possible Other Uses: Home-Office
  • Street Number Display: 508
  • Directions: Route 515 to Breakneck Road to Pocasset Road to Upper Highland Lakes To Edwards to Terrace Drive.
  • I D: 5033237
  • Modified: 2022-03-23
  • Number Images: 17
  • Section Subdiv Development: Highland Lakes
  • First Name: CHRISTINE N.
  • First Name3: MARIA
  • Last Name: MAROTTA
  • Last Name3: BROCK
  • Office Phone: 973-823-1900
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Wood Stove-Freestanding
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer, Water Filter
  • Interior Amenities: Carbon Monoxide Detector, Cedar Closets, Sauna, Smoke Detector
  • Number Rooms: 10
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Ground
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: Ground
  • Kitchen Area: Breakfast Bar, Country Kitchen
  • Kitchen Dim: 13x11
  • Kitchen Level: First
  • Living Room Dim: 18x17
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 14x6
  • Other Room1 Level: Ground
  • Other Room 2: Utility Room
  • Other Room2 Dim: 6x7
  • Other Room2 Level: Ground
  • Other Room 3: Foyer
  • Other Room3 Dim: 5x4
  • Other Room3 Level: First
  • Other Room 4: Sauna
  • Other Room4 Dim: 7x5
  • Other Room4 Level: Ground
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Living Room
  • Level 2 Rooms: Attic
  • Estimated Sq Ft: 2051
  • Ground Level Rooms: 1 Bedroom, Family Room, Laundry Room, Sauna, Utility Room
  • Phone: 973-823-1900

Exterior Features

  • Exterior Description: CedarSid
  • Exterior Features: Deck, Storage Shed, Storm Door(s), Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Oil Tank Below Ground
  • Heating: 1 Unit, Baseboard - Hotwater
  • Sewer: Septic
  • Utilities: Electric
  • Water: Well
  • Water Heater: From Furnace

Condo/Co-op/Association

  • Amenities: Club House, Lake Privileges, Playground
  • Association Maintenance Fee: 1300
  • Association Maintenance Fee Frequency: Annually
  • Association Maintenance Fee Includes: Maintenance-Common Area

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: ROLLING HL
  • Middle School: GLEN MDW
  • High School: VERNON
  • High School: VERNON
  • Middle Jr High School: GLEN MDW

Lot Info

  • Lot Size: .59 AC
  • Assessed Improvement Value: 124000
  • Assessed Land Value: 93100
  • Assessment: 217100
  • Easement: Unknown
  • Lot Description: Lake/Water View, Open Lot, Wooded Lot
  • Lot Identifier: 2
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.62

Rental Info

  • Application Fee: 2000
  • Pets Allowed: CatsOK, DogsOK, Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6594
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2822-00456-0000-00002-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.818
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: ROLLING HL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Mar 11, 2021
Sold by
Daly Clement and Daly Marusia
Bought by
Barnett Leslie
Seller's Agent
CHRISTINE N. MAROTTA
REALTY EXECUTIVES MOUNTAIN PROP.
Buyer's Agent
Maria Brock
REALTY EXECUTIVES MOUNTAIN PROP.
List Price
$269,999
Sold Price
$265,000
Premium/Discount to List
-$4,999
-1.85%
Current Estimated Value
$440,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,927
Avg. Annual Appreciation
12.40%
Original Mortgage
$212,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Goldstein Michael S and Goldstein Suzanne
Bought by
Daly Clement

Purchase Details

Closed on
Oct 28, 2002
Sold by
Goldstein Michael S and Goldstein Suzanne
Bought by
Goldstein Michael S
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Barnett Leslie $265,000 Prestige Title Agency Inc
Daly Clement $259,000 --
Goldstein Michael S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnett Leslie $212,000
Previous Owner Goldstein Michael S $150,000
Previous Owner Goldstein Michael S $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $265,000 -1.9% $129 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
11/29/2020 11/29/20 For Sale $269,999 -- $132 / 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 $7,188 $315,300 $156,200 $159,100
2023 $7,188 $277,200 $151,200 $126,000
2022 $6,966 $247,100 $126,200 $120,900
2021 $7,072 $225,000 $98,100 $126,900
2020 $6,795 $217,100 $93,100 $124,000
2019 $6,594 $234,000 $111,800 $122,200
2018 $6,302 $234,000 $111,800 $122,200
2017 $6,133 $234,000 $111,800 $122,200
2016 $6,124 $234,000 $111,800 $122,200
2015 $6,103 $234,000 $111,800 $122,200
2014 $6,159 $234,000 $111,800 $122,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    CHRISTINE N. MAROTTA

    REALTY EXECUTIVES MOUNTAIN PROP.

  • Maria Brock

    Buyer's Agent in 2021

    Maria Brock

    REALTY EXECUTIVES MOUNTAIN PROP.

    (201) 230-2290

    40 in this area

    53 Total Sales

    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3679541

Garden State MLS

APN: 22-00200-05-00010

New Jersey Sussex County Highland Lakes 07422

508 Terrace Dr, Highland Lakes, NJ

This home is located at 508 Terrace Dr, Highland Lakes, NJ 07422 since 18 November 2020 and is currently estimated at $441,659, approximately $215 per square foot. This property was built in 1967. 508 Terrace Dr is a home located in Sussex County with nearby schools including Lounsberry Hollow, Rolling Hills Elementary School, and Glen Meadow 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes