NOT LISTED FOR SALE

10 Merchant Ct Basking Ridge, NJ 07920

Estimated Value: $886,000 - $993,000

4 Beds
2.5 Baths
-- Sq Ft
$232/mo HOA Fee

Last Sold October 31, 2018

Last sale price $665,000

Est. 41% increase in value since last sale

Current estimated payment $6,296/month

38 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Cathedral Ceiling
  • Mount Prospect Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of October 2018

Tucked away in a quiet cul de sac, this meticulously maintained home features an open floor plan, hardwood floors throughout, updated master bathroom, stainless steel appliances in a gourmet kitchen with granite counters! 3rd parking spot is included. Community offers tennis courts, club house, exercise room, 2 swimming pools and playgrounds. Easy access to 287 and 78, shopping and restaurants. Basking Ridge is one of the top rated schools in NJ!

Last Agent to Sell the Property

HOLLY DANIEL

WEICHERT REALTORS Listed on: 09/04/2018

Last Buyer's Agent

YU-CHIH CHIAO

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,391

Lot Details

  • Cul-De-Sac
  • Privacy Fence
  • Wood Fence
  • Open Lot
  • Sprinkler System

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Stone Siding
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Home Security

Outdoor Features

  • Private Pool

Schools

  • Mtprospect Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Standard Electricity
  • Private Water Source
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-10503-0000-00076-0000-

Community Details

Overview

  • Association fees include maintenance-exterior, maintenance-common area

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,391

Lot Details

0

HOA Fees

$232 per month

Parking

2

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: Allen Rd. to Patriot Hill to Merchant at the end
  • I D: 4834605
  • Section Subdiv Development: Patriot Hill
  • First Name: HOLLY
  • First Name3: YU-CHIH
  • Last Name: DANIEL
  • Last Name3: CHIAO
  • Office Phone3: 732-469-1516 x331
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Gas Fireplace, Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Dishwasher, Self Cleaning Oven, Kitchen Exhaust Fan, Microwave Oven
  • Interior Amenities: JacuzTyp, Walk-In Closet, Fire Alarm Sys, Security System, Blinds, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Skylight, Cathedral Ceiling, Smoke Detector
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower, Jetted Tub
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Utility Room, Storage Room
  • Dining Room Level: Second
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 14x13
  • Kitchen Level: First
  • Living Room Dim: 15x12
  • Living Room Level: First
  • Level 1 Rooms: Laundry Room, Foyer, GarEnter, Living Room, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 973-455-1900

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Exterior Features: Underground Lawn Sprinkler, Wood Fence, Curbs, Privacy Fence, Tennis Courts, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Private
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Exercise Room, Jogging/Biking Path, Tennis Courts
  • Association Maintenance Fee: 232
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Maintenance-Common Area

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: 0.21AC
  • Easement: Unknown
  • Lot Description: Level Lot, Cul-De-Sac, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.21
  • Zoning: Res

Rental Info

  • Application Fee: 800
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12391
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-10503-0000-00076-0000-
  • Tax Rate Amount: 1.989
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: MTPROSPECT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 31, 2018
Sold by
Breslauer Bonnie L and Revocable Living Trust
Bought by
Bina Mitra Biplob and Bina Mitra
Seller's Agent
HOLLY DANIEL
WEICHERT REALTORS
Buyer's Agent
YU-CHIH CHIAO
COLDWELL BANKER REALTY
List Price
$725,000
Sold Price
$665,000
Premium/Discount to List
-$60,000
-8.28%
Current Estimated Value
$936,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,302
Avg. Annual Appreciation
4.94%
Original Mortgage
$532,000
Outstanding Balance
$458,503
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$477,799

Purchase Details

Closed on
May 22, 2015
Sold by
Breslauer Bonnie L
Bought by
Breslauer Bonnie L

Purchase Details

Closed on
Jan 30, 2002
Sold by
Elliott Claudia
Bought by
Breslauer Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.14%

Purchase Details

Closed on
Mar 23, 2000
Sold by
Patriots Lp
Bought by
Elliott Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.4%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bina Mitra Biplob $665,000 None Available
Breslauer Bonnie L -- None Available
Breslauer Bonnie $430,000 --
Elliott Claudia $336,164 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bina Mitra Biplob $532,000
Previous Owner Breslauer Bonnie $200,000
Previous Owner Elliott Claudia $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $665,000 -8.3% --
10/12/2018 10/12/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $725,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,608 $834,700 $286,300 $548,400
2024 $13,608 $764,900 $259,500 $505,400
2023 $13,268 $703,500 $234,500 $469,000
2022 $12,967 $644,800 $239,500 $405,300
2021 $12,679 $600,900 $239,500 $361,400
2020 $12,809 $611,700 $239,500 $372,200
2019 $12,403 $609,800 $240,400 $369,400
2018 $12,108 $603,900 $235,400 $368,500
2017 $12,391 $623,000 $235,400 $387,600
2016 $12,344 $632,700 $238,400 $394,300
2015 $12,243 $639,000 $238,400 $400,600
2014 $12,188 $630,200 $238,400 $391,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3498847

Garden State MLS

APN: 02-10503-0000-00076