38-40 Lakeview Ter, Oakland, NJ 07436

4 beds2 baths720 sqft Edit

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Sold: $1,750
Sold on 03/18/14
Zestimate®: $219,910
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My Notes

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Two ranch style homes on one lot! These ranches have been updated and remodeled in 2010 to include a new septic (shared by both houses). 40 Lakeview Terrace has den/office, LR, Din Area, 2 bedrooms and a working kitchen w/laundry, and a full bath. 38 Lakeview Terrace has a deck, eat in kit, laundry, full bath, LR, bedroom and a den/ofc/br. Shared storage shed. These homes are separated by a fence, allowing privacy for both homes. Both have extra large, long driveways and can park several vehicles. Both homes are professionally landscaped and maintained. 38 Lakeview Terrace also has small parcel of land (49 Grandview Ave) which is part of the deed to these two homes. Great rental income for the owner, approx. $1750 for 40 Lakeview and potential for approx. $1500 at 38 Lakeview. Can be purchased with existing tenants thru 4/1/15.New legislation dramatically reduces the previously planned significant federal flood insurance rate hikes!40 Lakeview lease thru 4/1/15 at 1750mo  More Less 

Facts

  • Lot: 5,662 sqft
  • Single Family
  • Built in 1900
  • Views: 1,233 all time views
  • Last sold: Mar 2014 for $1,750
  • Last sale price/sqft: $2

Construction

  • Exterior material: Wood
  • Stories: 1
  • Unit count: 1

Other

  • Floor size: 720 sqft
  • Lot depth: 110
  • Lot width: 50
  • Parcel #: 4202507000000007
  • Zillow Home ID: 37978704

Zestimate Details

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$219,910
-$5,565 Last 30 days
$191K
$246K
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$2,256/mo
+$20 Last 30 days
$1.8K
$2.7K
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Popularity on Zillow

1,233 all-time views
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Comparable Homes

Homes like this sold for $165-340K.

$140K
$360K

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Neighborhood

Market guide

Zillow predicts 07436 home values will increase 1.8% next year, compared to a 0.9% increase for Oakland as a whole. Among 07436 homes, this home is valued 46.3% less than the midpoint (median) home, and is valued 99.2% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 07436, the number of foreclosures waiting to be sold is exactly the same as for Oakland, and 81% lower than the national average.

Learn more about forecast calculations or 07436 home values.
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