NOT LISTED FOR SALE

116 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $863,000 - $1,794,000

5 Beds
4 Baths
1,210 Sq Ft
$1,098/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $1,529,000 $1,264 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $7,957/month

35 Days on Market

About This Home

As of February 2024

This home is located at 116 Spencer Rd, Basking Ridge, NJ 07920 since 18 December 2023 and is currently estimated at $1,328,131, approximately $1,097 per square foot. This property was built in 1950. 116 Spencer Rd is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

Kelly Peterpaul

COLDWELL BANKER REALTY Brokerage Phone: 908-766-0808 Listed on: 12/18/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

BENJAMIN JAMPEL

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,567

Year Built

  • Built in 1950

Lot Details

  • 0.69 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,567

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • County Name: Somerset
  • Street Number Display: 116
  • I D: 5237797
  • Modified: 2025-02-23
  • Number Images: 1
  • Attribution Contact: 908-766-0808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.20

Lot Info

  • Lot Size: .69AC
  • Total Acres: 0.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2023
Closed on
Feb 15, 2024
Sold by
301 Garrett Llc
Bought by
Finn Richard and Depaola Teal
Seller's Agent
Kelly Peterpaul
COLDWELL BANKER REALTY
Buyer's Agent
BENJAMIN JAMPEL
WEICHERT REALTORS
List Price
$1,599,000
Sold Price
$1,529,000
Premium/Discount to List
-$70,000
-4.38%
Views
201
Current Estimated Value
$1,328,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$200,869
Avg. Annual Appreciation
-8.63%
Original Mortgage
$1,100,000
Outstanding Balance
$1,081,909
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$246,222

Purchase Details

Closed on
May 25, 2023
Sold by
Kayhart Brian R
Bought by
301 Garrett Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.35%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Finn Richard $1,529,000 Weichert Title
Finn Richard $1,529,000 Weichert Title
301 Garrett Llc $460,000 Chicago Title
301 Garrett Llc $460,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finn Richard $1,100,000
Closed Finn Richard $1,100,000
Previous Owner 301 Garrett Llc $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $1,529,000 0.0% $1,264 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $1,529,000 -4.4% $1,264 / Sq Ft
12/19/2023 12/19/23 For Sale $1,599,000 -- $1,321 / Sq Ft
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 $10,567 $1,486,400 $375,500 $1,110,900
2024 $10,567 $594,000 $344,000 $250,000
2023 $11,060 $586,400 $344,000 $242,400
2022 $11,515 $572,600 $344,000 $228,600
2021 $11,717 $555,300 $344,000 $211,300
2020 $11,153 $532,600 $341,200 $191,400
2019 $10,888 $535,300 $341,200 $194,100
2018 $11,106 $553,900 $344,300 $209,600
2017 $11,017 $553,900 $344,300 $209,600
2016 $10,239 $524,800 $344,300 $180,500
2015 $9,933 $518,400 $335,300 $183,100
2014 $8,705 $450,100 $297,600 $152,500
Source: Public Records

Agents Affiliated with this Home

  • Kelly Peterpaul

    Seller's Agent in 2024

    Kelly Peterpaul

    COLDWELL BANKER REALTY

    (908) 410-6777

    95 in this area

    130 Total Sales

    Kelly Peterpaul
    Section Image

  • B

    Buyer's Agent in 2024

    BENJAMIN JAMPEL

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3878587

Garden State MLS

APN: 02-01806-0000-00026

New Jersey Somerset County Basking Ridge 07920

116 Spencer Rd, Basking Ridge, NJ

This home is located at 116 Spencer Rd, Basking Ridge, NJ 07920 since 18 December 2023 and is currently estimated at $1,328,131, approximately $1,097 per square foot. This property was built in 1950. 116 Spencer Rd is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

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