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$424,900 Just Listed
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Property Description
Welcome to the desirable Sutton Woods Development! This beautifully maintained 1 bedroom condo offers the perfect blend of comfort, convenience and location. The home features a spacious layout, attached garage and a finished basement. This development is located in a great community offering a peaceful setting while close to everything. Conveniently located just minutes to downtown Chatham and Millburn, you'll enjoy easy access to shopping, dining, parks and more. A true commuters delight, located close to major highways and transportation to New York City.
Full Property Details
Full Property Details for 118 Terrace Dr
General
- Price: $424,900
- HOA FEE: $429/month
- Taxes: $6,920 (2025)
- Status: Active
- Type: Condo
- Source: Garden_State
- MLS ID: 4034941
- Updated: 6/16/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 5
- 1st Floor/Level 1: 1 Bedroom, Bath Main, Dining Room, Kitchen, Living Room
- Lower Level: Family Room
- Interior Features: Carbon Monoxide Detector, Smoke Detector, Walk-In Closet
- Number of Fireplaces: 1
- Fireplace(s): Gas Ventless
- Appliances: Carbon Monoxide Detector, Gas Range and Oven, Refrigerator
- Flooring: Carpeting
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedroom 1: 17 x 12
Other Rooms
- Living Room: 20 x 15, First
- Family Room: 24 x 17, Basement
- Kitchen: Eat-In Kitchen, 12 x 11, First
- Dining Room: Formal Dining Room, 11 x 10, First
Additional Information
- Shared Amenities: Pool-Outdoor, Tennis Courts
- Pool: Yes
- Pool Description: Association Pool
Exterior
- Exterior Features: Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Attached Garage
Location
- County: Morris
- Subdivision: Sutton Woods
- Driving Directions: Mount Vernon Road to Terrace Drive
School Information
- High School: Chatham
Community
- Community Living: Yes
- Assoc. Fees Include: Maintenance-Common Area, Snow Removal, Water Fees
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: Multi Floor Unit
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1993
Lot Features
- Lot Size (Acres): 0.3
- Lot Size: 0.297 AC
- Driveway/Sidewalk: 1 Car Width
- Zoning: residential
- Lot Description: Wooded Lot
Financial Considerations
- Association Fee: $429
- Assoc Fee Freq.: Monthly
- Assessment Amount: $328,900
- Land Assmt: $150,000
- Tax Amount: $6,920
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- APN: 2305-00064-0004-00002-0008-
- Block: 64.04
- Lot Number: 2.08
Listed by Era Boniakowski Real Estate
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Schools
Schools serving 118 Terrace Dr
School District:The Chathams School District
| Name | Grades | Distance |
|---|---|---|
Lafayette Elementary School, Chatham, NJ 221 Lafayette Avenue, Chatham, NJ 07928 | 4-5 | 0.9 mi |
Southern Boulvard School 192 Southern Boulevard, Chatham, NJ 07928 | PK-3 | 1.2 mi |
Chatham Middle School, Chatham, NJ 480 Main Street, Chatham, NJ 07928 | 6-8 | 1.8 mi |
Chatham High School, Chatham, NJ 255 Lafayette Avenue, Chatham, NJ 07928 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Terrace Dr
Date
Details
Price
Change
Source
6/16/2026
Listed
$424,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 Terrace Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,542
2%
$328,900
—
2023
$6,433
1%
$328,900
—
2022
$6,400
11%
$328,900
—
2021
$5,746
-5%
$328,900
—
2018
$6,029
3%
$328,900
—
2017
$5,877
2%
$328,900
—
2016
$5,785
—
$328,900
—
2015
$5,762
-6%
$328,900
—
2019
$6,098
9%
$328,900
—
2013
$5,604
—
$328,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 Terrace Dr
118 Terrace Dr, Chatham Township, NJ 07928 (MLS# 4034941) is a Condo property with 1 bedroom and 1 full bathroom. 118 Terrace Dr is currently listed for $424,900 and was received on June 16, 2026. Want to learn more about 118 Terrace Dr? Do you have questions about finding other Condo real estate for sale in Chatham Township? You can browse all Chatham Township real estate or contact a Coldwell Banker agent to request more information.

