5 Terrace Dr

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is an Abott-Mod Equal Opportunity, Income restricted unit. Maximum Refinancing Amount(MFA) is $162238 (MRA). New carpeting, freshly painted, new flooring and countertop. Laundry in basement(pay machines). Storage closet in Basement assigned to unit. Parking space #48 (assigned). Heat, Hot Water included in maintenance fee. Income limits apply: HH of 1= 75840 HH of 2= $86640(gross). Application must be sent with POF and/or Mortgage Prequal. letter. Deadline for submission has passed.This is an Abott-Mod Equal Opportunity, Income restricted unit. Maximum Refinancing Amount(MFA) is $162238 (MRA). New carpeting, freshly painted, new flooring and countertop. Laundry in basement(pay machines). Storage closet in Basement assigned to unit. Parking space #48 (assigned). Heat, Hot Water included in maintenance fee. Income limits apply: HH of 1= 75840 HH of 2= $86640(gross). Application must be sent with POF and/or Mortgage Prequal. letter. Deadline for submission has passed.
  1. Listed by JOSEPH G. MENZA • MENZA REALTY

Property Details for 5 Terrace Drive

Style
One Floor Unit
Directions
River Road to Mount Vernon Avenue to Heritage Drive to 5G. Unit overlooks tennis courts.
Days On Market
29
Pets Allowed
Yes
Primary Style
One Floor Unit
Section/Subdiv/Development
Vernon Grove
LISTING UPDATED: 01/22/2026 04:19 PM

Property Details for 5 Terrace Drive

StatusActive
MLS #4002589
Days on Market52
Taxes$1,338 / year
HOA Fees$486 / month
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeTownhouse / Condo/Coop/Townhouse
Year Built1986
CountyMorris County

Location

Listing Courtesy of MENZA REALTY, JOSEPH G. MENZA
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Building Information for 5 Terrace Drive

Building/Complex5 Terrace DrFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1986

Payment Calculator

$1,430 per month

30 year fixed, 6.15% Interest

Principal and Interest

$832

Property Taxes

$112

HOA Dues

$486

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Terrace Drive

Summary
Location and General Information
  • Zoning: R-2A
  • Address Included: Y
  • Active Days on Market: 29
  • Renovated Year: 2025
  • County #: Morris
  • Town Name: Chatham Twp.
  • Community Living: Yes
  • Block Identifier: 64.03
  • Listing Type: Exclusive Agency
  • Color of Building: Brick/stuc
  • Town #: 2305.0
  • In-Law Suite: No
  • # Parking Spaces: 1
  • County Or Parish: Morris
  • Street Name: Terrace Dr
  • Zip Code: 07928-2973
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $1,338
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 67300.0
  • Tax ID For Property: 2305-00064-0003-00001-0012-
  • Tax Id Tax: *
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
  • Other Fee Freqency: Monthly
  • Assoc/Maint Fee Includes: Heat, Maintenance-Common Area, Maintenance-Exterior, Sewer Fees, Snow Removal, Trash Collection, Water Fees
  • Assoc/Maint Fee Freq: Monthly
  • Assoc/Maint Fee: 486.0
Parking
  • Parking/Driveway Description: Assigned, Off-Street Parking, Parking Lot-Exclusive
  • # Garage Spaces: 0
  • Garage Description: Assigned, None, On-Street Parking, See Remarks
Property
Lot Information
  • Appliances: Carbon Monoxide Detector, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Lot Description: Level Lot, Mountain View
  • Lot Identifier: 1.12
  • Approximate Lot Size: 0.246 AC
  • Total Acres: 0.25
  • Construction Date/Year Built: 1986
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 47300.0
  • Assessment Land: 20000.0
  • Farm Assessment: No
Utilities
  • Cooling: Wall A/C Unit(s)
  • Services: Garbage Included
  • Utilities: All Underground
  • Water: Association, Public Water
  • Water Heater: See Remarks
  • Handicap Modified: No
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Association, Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Exterior Description: Stucco
  • Exterior Features: Curbs, Sidewalk
Interior Features
  • Interior Features: CODetect, TubShowr
  • Flooring: Carpeting, Laminate
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Unfinished
  • Primary Bath Features: Tub Shower
  • # Baths: 1.0
  • # Full Baths: 1
  • # Half Baths: 0
  • Bedroom 1 Level: First
  • # Bedrooms: 1
  • Easement: Unknown
  • # Fireplaces: 0
  • Kitchen Area: Not Eat-In Kitchen, Separate Dining Area
  • Kitchen Level: First
  • Basement Level Rooms: Laundry Room, Storage Room
  • Living Room Level: First
  • Level 2 Rooms: 1 Bedroom, Bath Main, Kitchen, Living Room
  • # Rooms: 4
  • Other Room 3: Utility Room
  • Other Room 1 Level: Basement
Rental
Rental Information
  • Home Warranty: false

Property History for 5 Terrace Drive

DateEvent & SourcePriceAppreciation
Dec 24, 2025

Listed (Active)

GSMLS #4002589

$170,777
Jul 31, 2020

Sold

GSMLS #3579665

$100,519
Aug 11, 2019

Listed (Active)

GSMLS #3579665

$100,519
DateEvent & SourcePrice
12/24/2025

Listed (Active)

GSMLS #4002589

$170,777
07/31/2020

Sold

GSMLS #3579665

$100,519
08/11/2019

Listed (Active)

GSMLS #3579665

$100,519

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5 Terrace Drive

This home is within The School District Of The Chathams.
Rating
School
Type
Grades
Distance
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Lafayette Elementary School
Public4 to 5

Chatham Middle School
Public6 to 8

Chatham High School
Public9 to 12

Southern Boulvard School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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5 Terrace Drive is a townhouse for sale in Chatham, NJ 07928. This property was listed for sale on December 24, 2025 by MENZA REALTY, it's currently listed at $170,777. It has been on the market for a total of 52 days and was last sold on July 31, 2020. This listing's school district is The School District Of The Chathams. Nearby schools include Lafayette Elementary School, Chatham Middle School and Chatham High School. 5 Terrace Drive is a 1-bed, 1-bath, townhouse built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MENZA REALTY, JOSEPH G. MENZA

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 02/15/2026 01:14 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 02/15/2026 01:14 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.