Perched atop a hill on a corner lot in the historic "Prospect Heights" section of Nutley, welcome to 5 Colonial Terrace (aka 194 Vreeland Ave.). Offered for the first time in 82 years, this impeccably maintained 4 bedroom, 1.1 bath Colonial blends timeless architectural charm with modern updates. Designed by renowned architect William Lambert, whose work helped define Nutley's distinctive character and beauty, this home showcases some of his finest details, from the inviting wraparound porch to beautiful stained glass windows. The grand foyer leads into a gracious living room featuring a wood-burning fireplace and access to the screened-in front porch. A cozy sitting room with a bay window and built-in shelving flows into the elegant formal dining room, highlighted by intricate molding. The kitchen offers sliding glass doors leading to the deck and expansive, level yard. The second floor features three sun-filled bedrooms, a renovated main bath, and a private office with built-in corner shelves and drawers. The third floor offers a spacious fourth bedroom, den/bedroom, and generous attic storage. A full unfinished basement provides even more opportunity. Freshly painted with refinished hardwood floors throughout, this lovely home also includes newer windows. Ideally located near Nutley's vibrant downtown, parks and connecting bike paths, shops, schools, transportation, and major highways, this is a rare opportunity to own a true architectural gem.