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2 Selmar Terrace

2 Selmar Terrace, East Hanover, NJ 07936
Property in Morris
Sold Aug 26, 2016
$570,000
Seller
2 Selmar Terrace in East Hanover, NJ was first built in 1973 and is 51 years old. This has been categorized as a residential property type. It is a single story home. 2 Selmar Terrace has 2,544 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,480 ft and the linear feet between the front and back of the lot is 1,440. In total, the area measurement of the land is 21,314 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage underground or in the basement. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of brick. The property was last sold in Aug 23, 2016 for $570,000. That's $224.06 per sqft. 2 Selmar Terrace was last assessed in 2023. The total value of the property was assessed at $425,600. Specifically, the land the property is located on was valued at $175,900. While improvements on the property were assessed at a total of $249,700. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,619. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 0
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,314
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 2,544
  • Building Area: 2,544
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,544
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.489
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHOOPAK ALLAN
  • Previous Owner : MENA MARIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: East Hanover Township School District
  • Census Tract: 041902

Zoning

  • Zoning: R-20

Geography

  • Account Number: 00700180
  • District: 10
  • Parcel: 10 00099-0000-00057
  • Block: 99
  • Lot: 57
  • Municipality: EAST HANOVER TWP
  • Latitude: 40.8037
  • Longitude: -74.3698

    Address

  • Full Address: 2 Selmar Ter
  • Address - House Number: 2
  • Address - Street Name: Selmar
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: East Hanover
  • Carrier Code: C007
  • 4-Digit Zip Code: 3533
  • Zip Code: 07936

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,619

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 828,739
  • High Value: 970,005
  • Low Value: 687,472

    Market Valuation

  • Market Total Value: $592,675
  • Market Land Value: $244,952
  • Market Improvement Value: $347,723

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425,600
  • Assessed Land Value: $175,900
  • Assessed Improvements Value: $249,700

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 23, 2016
  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Transaction ID: 1803269163
  • Current Sale Price: $570,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016053186

    Last Sale Mortgage

  • First Mortgage Lender: IFREEDOM DIRECT CORP
  • First Mortgage Transaction Date: Aug 26, 2016
  • First Mortgage Loan Amount: $570,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

About Morris



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Frequently Asked Questions

What neighborhood is 2 Selmar Terrace located in?
The 2 Selmar Terrace is a located in the neighborhood of Morris in Morris, East Hanover.
What is the average sales price for listings in 2 Selmar Terrace?
The average sales price for units in 2 Selmar Terrace is $0 currently.

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