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5 Norwood Terrace, Millburn, NJ 07041 Property Information

5 Norwood Terrace, Millburn, NJ 07041 Property Information

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  • Owner
  • Documents
  • Tax
  • Neighborhood
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5 Norwood Terrace, Millburn, NJ 07041
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Address

Primary address 5 Norwood Terrace, Millburn
Zip code 07041
County Essex
Municipality Millburn Township
Block 408
Lot 16
Neighborhood Downtown Millburn

Sales & Tax Overview for 5 Norwood Terrace, Millburn

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Sale date 04/11/1995
Sale price $218,000
Arm's length
Property tax $11,785

Lot & Building Information for 5 Norwood Terrace, Millburn

Building sqft 2,123
Building class Residential (2)
Acreage 0.172
Year built 1925
Stories 2
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Residential Multifamily (R-8)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 5 Norwood Terrace, Millburn

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About 5 Norwood Terrace, Millburn

What is the year built & the total sq. ft. for 5 Norwood Terrace, Millburn, NJ 07041?

5 Norwood Terrace, Millburn, NJ 07041 was built in 1925 and has a total of 2,123 square feet.

What is the assessed value of 5 Norwood Terrace, Millburn, NJ 07041 and the property tax paid?

Assessed at $583,700, the tax amount paid for 5 Norwood Terrace, Millburn, NJ 07041 is $11,784.

When was 5 Norwood Terrace, Millburn, NJ 07041 last sold and what was the last sale price?

5 Norwood Terrace, Millburn, NJ 07041 was last sold in 04/11/1995 for $218,000.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 5 Norwood Terrace, Millburn

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Purchase date Purchase price Buyer name Seller name
04/11/1995 $218,000

Title Documents for 5 Norwood Terrace, Millburn

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Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
04/11/1995 - D Deed and Realty Tax Fees
                   
                   
                   
                   
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R: Recorded date
D: Document date

Property Taxes for 5 Norwood Terrace, Millburn

Access detailed property tax data for 5 Norwood Terrace, Millburn, NJ 07041. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $11,785
Market value $583,700

Assessment History for 5 Norwood Terrace, Millburn

Here's the assessment & property tax history for 5 Norwood Terrace, Millburn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2025 $583,700 $583,700 2.019 $11,785 +1.87%
2024 $583,700 $583,700 1.982 $11,569 +1.33%
2023 $583,700 $583,700 1.956 $11,417 +0.67%
2022 $583,700 $583,700 1.943 $11,341 +0.26%
2021 $583,700 $583,700 1.938 $11,312 +0.62%

Risk

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FEMA flood zone(s) 0.2, X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 5 Norwood Terrace, Millburn to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Wyoming Elementary School 10 Public K-4 352 0.38
South Mountain Elementary School 9 Public PK, K-4 284 0.60
South Mountain Elementary School 9 Public PK, K-4 284 0.60
Central Five Jefferson 4 Public 5 528 0.65
Tuscan Elementary School 6 Public K-5 577 0.85

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Maplewood Middle School 5 Public 6-8 721 0.69
South Mountain Co-Op NR Private K-12 0 0.92
The Milton School NR Private 5-12 13 0.92
Millburn Middle School 9 Public 6-8 1,133 1.20
Deron School I NR Private PK-11 95 1.42

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
South Mountain Co-Op NR Private K-12 0 0.92
The Milton School NR Private 5-12 13 0.92
Union Senior High School 3 Public 9-12 2,308 1.35
Deron School I NR Private PK-11 95 1.42
Columbia Senior High School 5 Public 9-12 1,930 1.44

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 5 Norwood Terrace, Millburn

Here are the neighbors for 5 Norwood Terrace, Millburn.

Address Square feet Purchase date Purchase price
70 Millburn Ave, Millburn 08/31/2006 $100,000
70 Milton St, Millburn 1,763 07/05/2012 $518,000
66 Milton St, Millburn 1,140 03/12/2013 $465,000
56 Milton St, Millburn 1,433
52 Milton St, Millburn 1,409 08/28/2025
18 Cypress St, Millburn 1,624 01/24/2024
16 Cypress St, Millburn 1,974 04/12/1995 $210,000
104 Millburn Ave, Millburn 1,584 02/06/2017 $315,000
96 Millburn Ave, Millburn 8,888 06/05/2024
46 Milton St, Millburn 1,984 02/25/2021
120 Millburn Ave, Millburn 15,886 12/01/2000 $1
68 Milton St, Millburn 1,124 08/15/2003 $337,000
94 Millburn Ave, Millburn 08/25/2005 $824,000
78 Millburn Ave, Millburn 03/01/2013 $840,000
80 Millburn Ave, Millburn
116 Millburn Ave, Millburn 25,862
100 Millburn Ave, Millburn 08/09/2013 $405,000
60 Milton St, Millburn 2,366 12/04/2009 $441,000
90 Millburn Ave, Millburn 11,615 05/16/2018 $8,500,000
54 Milton St, Millburn 1,489 07/01/2024

Nearby ZIP Codes for 5 Norwood Terrace, Millburn

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