NOT LISTED FOR SALE

581 Terhune Dr Wayne, NJ 07470

Estimated Value: $1,118,000 - $1,472,000

4 Beds
3 Baths
4,234 Sq Ft
$287/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $900,000 $213 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $8,076/month

9 Days on Market

Highlights

  • Lake Front
  • Heated In Ground Pool
  • En-Suite Primary Bedroom
  • Schuyler-Colfax Middle School Rated A
  • Multiple Fireplaces
  • Central Air

About This Home

As of November 2023

This Lakefront Split-Level home with versatile floor plan is perfectly suited for both multi-generational living and a work-from-home lifestyle. The property boasts a long, tree lined driveway that ensures privacy and solitude. From the rear of the property, the house opens up to reveal the tranquil lake, built in pool and cabana. The heart of this home is undoubtedly the gourmet kitchen with warm finishes and high-end appliances. The large kitchen window provides year-round picturesque views of the lake, making cooking and dining an absolute pleasure! The expansive primary bedroom includes a spacious sitting area and glass-enclosed sunroom with hot tub. The lower-level offers a 4-room in-law /guest quarters, complete with a den, a comfortable bedroom, and a private entrance. This suite adds remarkable flexibility to the property. Easy location, just minutes from major highways, a 30-minute drive to Newark Liberty International Airport, and close to New York City!!

Last Agent to Sell the Property

Lisa Verhagen

Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair Listed on: 09/26/2023

Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair

Last Buyer's Agent

Timothy Fierro

Howard Hanna Rand Realty

Howard Hanna Rand Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,744

Lot Details

  • 0.77 Acre Lot
  • Lake Front
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Split Level Home

Interior Spaces

  • Multiple Fireplaces
  • Gas Fireplace
  • Finished Basement

Bedrooms and Bathrooms

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

Pool

  • Heated In Ground Pool
  • Pool Liner

Schools

  • Pine Lake Elementary School
  • Schuyler-Colfax Elementary Middle School
  • Wayne Hills High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00025 / 04507

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,744

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Split Level
  • ResoLotFeatures: Regular
  • View Type:Pond View: Sunset
  • Co List Office Phone: (973) 744-5544
  • MLS Status: Sold - Sold
  • Directions: 581 Terhune Drive- House sits at the end of a long driveway with turn around
  • Reso Fireplace Features: 2 Fireplaces, Gas, Self-start
  • Year Built Details: 1960's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: InLaw Suite, Kitchen, Den, BR, Full Bath, Utility, Separate Entrance

Exterior Features

  • Pool Features: Heated, In Ground, Liner
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Stone, Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas, Zoned

Schools

  • Elementary School: Pine Lake E.S.
  • High School: Wayne Hills H.S
  • Middle Or Junior School: Schuyler-Colfax E.S.
  • Elementary: Pine Lake E.S.

Lot Info

  • Lot Size Sq Ft: 33541.0

Tax Info

  • Tax Annual Amount: 19744.0
  • Tax Block: 04507
  • Tax Lot: 00025

MLS Schools

  • High School Text: Wayne Hills H.S

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2023
Closed on
Nov 1, 2023
Sold by
Sweet Glenn O and Sweet Scott R
Bought by
Fierro Thomas
Seller's Agent
Lisa Verhagen
Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Buyer's Agent
Timothy Fierro
Howard Hanna Rand Realty
List Price
$939,000
Sold Price
$900,000
Premium/Discount to List
-$39,000
-4.15%
Views
169
Current Estimated Value
$1,213,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,518
Avg. Annual Appreciation
14.77%
Original Mortgage
$720,000
Outstanding Balance
$706,028
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$507,490

Purchase Details

Listed on
Nov 21, 2017
Closed on
Dec 20, 2017
Sold by
Tomass Paul
Bought by
Sweet Glenn O and Mackin Scott R
Seller's Agent
URSULA WISNIEWSKI
COLDWELL BANKER REALTY
Buyer's Agent
Lisa Verhagen
BHHS FOX & ROACH
List Price
$699,900
Sold Price
$670,000
Premium/Discount to List
-$29,900
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$636,100
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 1997
Sold by
Vonzwehl Joseph
Bought by
Tomass Paul and Tomass Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
7.5%

Purchase Details

Closed on
Mar 18, 1997
Sold by
Colyer Catherine
Bought by
Post Chrystal Colyer
Source: Public Records
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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
Fierro Thomas $900,000 Hudson United Title Services
Fierro Thomas $900,000 Hudson United Title Services
Sweet Glenn O $670,000 Associated Title Agency
Tomass Paul $418,000 --
Post Chrystal Colyer $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fierro Thomas $720,000
Closed Fierro Thomas $720,000
Previous Owner Sweet Glenn O $636,100
Previous Owner Tomass Paul $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2023 11/03/23 Sold $900,000 -4.2% $213 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $939,000 +40.1% $222 / Sq Ft
12/28/2017 12/28/17 Sold $670,000 -4.3% $158 / Sq Ft View Prior Sale
12/01/2017 12/01/17 Pending -- -- --
11/21/2017 11/21/17 For Sale $699,900 -- $165 / 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 $20,763 $349,200 $124,400 $224,800
2024 $19,967 $349,200 $124,400 $224,800
2022 $19,744 $349,200 $124,400 $224,800
2021 $19,723 $349,200 $124,400 $224,800
2020 $19,636 $349,200 $124,400 $224,800
2019 $19,255 $349,200 $124,400 $224,800
2018 $19,084 $349,200 $124,400 $224,800
2017 $18,909 $349,200 $124,400 $224,800
2016 $18,644 $349,200 $124,400 $224,800
2015 $18,420 $349,200 $124,400 $224,800
2014 $17,900 $349,200 $124,400 $224,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23029827

New Jersey MLS

APN: 14-04507-0000-00025