Overview
This Single-Family Tax Lien is located at Terrace Dr, Chatham, NJ 07928. It has , 569 sqft of living space. This property is Tax Lien with an estimated market value of $144,490.
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This single-family property is available as a tax lien at Terrace Dr. With 569 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Chatham, specifically for Terrace Dr and comparable listings. Based on this expert analysis, the estimated market value is $144,490. If purchased for rental purposes, the monthly rental rate could range between $1,620 and $2,180, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Terrace Dr are updated daily along with others in Chatham, New Jersey, ensuring you have the most current and accurate information.
There are 3 schools in the area. Nearby schools include Chatham High School and Chatham Middle School.
There are plenty of activities near this property like Chatham Library, Goryeb Children's Hospital, and more.
Public transportation options include: NJ Transit train service to New York City from Chatham station, providing a convenient commuting option for residents.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Lafayette Park, Memorial Park and more.
Services available in the area include cellular and internet options.
The property located at Terrace Dr in Chatham, NJ is listed as a Tax Lien
The property located at Terrace Dr in Chatham, New Jersey has a tax lien. When annual property taxes are delinquent, a lien is immediately placed against the property that must be paid in full before it can be sold. If a homeowner fails to pay his or her real estate taxes, the government or other taxing entity may attempt to sell the property. For this reason, valuable properties may sometimes be acquired for a fraction of their true value.Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
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There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for Terrace Dr located in Chatham, NJ is $1,900/month. Comparable homes around Terrace Dr that are rentals have monthly ranges starting as low as $1,620 per month and as high as $2,180 per month. An owner looking to use this property as an investment could bring a return in the area of $1,620 - $2,180 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 12/13/24 | Tax Lien | ||
| 03/07/17 | 01/01/18 | Preforeclosure | Vernon Grove Condo Assn |
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