NOT LISTED FOR SALE

53 Lorraine Terrace Unit 2 Boonton, NJ 07005

Estimated Value: $649,570 - $786,000

-- Bed
2 Baths
2,560 Sq Ft
$279/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $400,000 $156 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,756/month

36 Days on Market

About This Home

As of April 2017

This home is located at 53 Lorraine Terrace Unit 2, Boonton, NJ 07005 since 30 January 2017 and is currently estimated at $714,893, approximately $279 per square foot. This property was built in 1966. 53 Lorraine Terrace Unit 2 is a home located in Morris County with nearby schools including School Street Elementary School, John Hill Elementary School, and Boonton High School.

Last Agent to Sell the Property

Anthony Frederico

COLDWELL BANKER REALTY Brokerage Phone: 973-267-8990 Listed on: 01/30/2017

COLDWELL BANKER REALTY

Last Buyer's Agent

Cheryl Schuck

RE/MAX NEIGHBORHOOD PROPERTIES

RE/MAX NEIGHBORHOOD PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,773

Year Built

  • Built in 1966

Lot Details

  • 4,792 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,773

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Year Built: 1966
  • County Name: Morris
  • I D: 4684653
  • Attribution Contact: 973-267-8990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 51X95
  • Total Acres: 0.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2017
Closed on
Apr 18, 2017
Sold by
Soder Timothy S and Soder Patrcia A
Bought by
Asgarin Bahraam
Seller's Agent
Anthony Frederico
COLDWELL BANKER REALTY
Buyer's Agent
Cheryl Schuck
RE/MAX NEIGHBORHOOD PROPERTIES
List Price
$409,900
Sold Price
$400,000
Premium/Discount to List
-$9,900
-2.42%
Current Estimated Value
$714,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,893
Avg. Annual Appreciation
6.99%
Original Mortgage
$190,000
Outstanding Balance
$98,205
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$616,688

Purchase Details

Closed on
May 18, 2011
Sold by
William Nadia and Khan Kashif
Bought by
Soder Timothy S and Soder Patricia A

Purchase Details

Closed on
Jul 12, 2010
Sold by
William Nadia
Bought by
William Nadia and Khan Kashif

Purchase Details

Closed on
Jun 21, 2004
Sold by
Khan Rafique
Bought by
Khan Sheila and William Nadia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Asgarin Bahraam $400,000 New Jersey Land Title
Soder Timothy S $268,000 Old Republic National Title
William Nadia -- None Available
Khan Sheila $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asgarin Bahraam $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $400,000 -2.4% $156 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $409,900 -- $160 / 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 $11,773 $348,300 $137,800 $210,500
2024 $11,463 $348,300 $137,800 $210,500
2023 $11,463 $348,300 $137,800 $210,500
2022 $10,863 $348,300 $137,800 $210,500
2021 $10,863 $348,300 $137,800 $210,500
2020 $10,414 $348,300 $137,800 $210,500
2019 $10,550 $348,300 $137,800 $210,500
2018 $10,271 $348,300 $137,800 $210,500
2017 $9,843 $348,300 $137,800 $210,500
2016 $9,585 $348,300 $137,800 $210,500
2015 $9,428 $348,300 $137,800 $210,500
2014 $9,220 $348,300 $137,800 $210,500
Source: Public Records

Agents Affiliated with this Home

  • Anthony Frederico

    Seller's Agent in 2017

    Anthony Frederico

    COLDWELL BANKER REALTY

    (201) 274-3327

    32 in this area

    111 Total Sales

    Anthony Frederico
    Section Image
  • Cheryl Schuck

    Buyer's Agent in 2017

    Cheryl Schuck

    RE/MAX

    (973) 727-7626

    3 in this area

    51 Total Sales

    Cheryl Schuck
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3360819

Garden State MLS

APN: 01-00033-01-00008

New Jersey Morris County Boonton 07005

53 Lorraine Terrace Unit 2, Boonton, NJ

Not Listed for Sale

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