NOT LISTED FOR SALE

16 Chelsea Ct Basking Ridge, NJ 07920

Estimated Value: $2,032,000 - $2,436,000

5 Beds
5.5 Baths
5,500 Sq Ft
$406/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $1,675,000 $305 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $15,096/month

15 Days on Market

Highlights

  • Home Theater
  • Colonial Architecture
  • Recreation Room
  • Liberty Corner Elementary School Rated A
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of June 2021

Enjoy exceptional luxury in a floor plan designed for today's lifestyle. Brand new custom kitchen features quartzite natural stone counter tops, custom white cabinets, Wolf gas range w/ griddle and Subzero 60-inch side by side refrigerator/freezer. All hardwood floors refinished in 2020. Sunlight floods the two story family room with wood burning fireplace. With an elegant master suite, sophisticated design throughout, generously sized rooms w/ updated baths, and ample closet space, this home is a true oasis. Finished basement features spacious entertaining area, game space, home theatre/media room, gym, kitchenette bar and full bath. Quiet cul-de-sac location. Whole House Generator.

Last Agent to Sell the Property

Karen Gray

COLDWELL BANKER REALTY Listed on: 04/08/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Gregory Asch

RE/MAX ACHIEVERS

RE/MAX ACHIEVERS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,291

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 1.05 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 5,500 Sq Ft Home
  • Wet Bar
  • High Ceiling
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Library with Fireplace
  • Recreation Room
  • Game Room
  • Storage Room
  • Home Gym
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Liberty C Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Water Filtration System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-07102-0000-00012-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,291

Year Built

Built in 2002 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2002
  • Year Built Description: Approximate, Renovated
  • County Name: Somerset
  • Exclusions: See Agent Remarks.
  • Renovated Year: 2020
  • Street Number Display: 16
  • Directions: Mount Airy Rd to Chelsea. Home is on the left near the end of the cul-de-sac.
  • I D: 5059566
  • Modified: 2022-06-30
  • Number Images: 25
  • First Name: KAREN
  • First Name3: GREGORY
  • Last Name: GRAY
  • Last Name3: ASCH
  • Office Phone: 973-387-3036
  • Office Phone3: 908-522-9444
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2020

Interior Features

  • Flooring: Carpeting, Stone, Wood
  • Fireplace Description: Family Room, Library
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Dishwasher, Disposal, Dryer, Generator-Built-In, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer, Water Filter
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Cedar Closets, High Ceilings, Security System, Smoke Detector, Walk-In Closet
  • Number Rooms: 12
  • Bedrooms: 5
  • 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: Jetted Tub
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Bath(s) Other, Exercise Room, GameRoom, Media Room, Rec Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Pantry
  • Kitchen Dim: 13x26
  • Kitchen Level: First
  • Living Room Dim: 22x18
  • Living Room Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Dim: 19x21
  • Other Room1 Level: Second
  • Other Room 2: Media Room
  • Other Room2 Dim: 16x23
  • Other Room2 Level: Basement
  • Other Room 3: Exercise Room
  • Other Room3 Dim: 12x16
  • Other Room3 Level: Basement
  • Level 1 Rooms: Breakfast Room, Dining Room, Family Room, Foyer, Kitchen, Library, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 5500
  • Phone: 908-766-0808

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 3 Units, Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 3 Units, Forced Hot Air, Multi-Zone
  • Sewer: Public Sewer
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

  • Elementary School: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: 1.05AC
  • Assessed Improvement Value: 975100
  • Assessed Land Value: 471500
  • Assessment: 1446600
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Level Lot
  • Lot Identifier: 12
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.05

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 30291
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-07102-0000-00012-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
Jun 29, 2021
Sold by
Miller Albert Joseph and Miller Karen Bearman
Bought by
Patterson Scott and Patterson Angela
Seller's Agent
Karen Gray
COLDWELL BANKER REALTY
Buyer's Agent
Gregory Asch
RE/MAX ACHIEVERS
List Price
$1,699,000
Sold Price
$1,675,000
Premium/Discount to List
-$24,000
-1.41%
Total Days on Market
15
Current Estimated Value
$2,233,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,492
Avg. Annual Appreciation
8.04%

Purchase Details

Listed on
Apr 8, 2021
Closed on
Jun 16, 2021
Sold by
Miller Albert Joseph and Miller Karen Bearman
Bought by
Patterson Scott and Patterson Angela
Seller's Agent
Karen Gray
COLDWELL BANKER REALTY
Buyer's Agent
Gregory Asch
RE/MAX ACHIEVERS
List Price
$1,699,000
Sold Price
$1,675,000
Premium/Discount to List
-$24,000
-1.41%

Purchase Details

Listed on
Sep 13, 2019
Closed on
Dec 30, 2019
Sold by
Shariati Saeid and Shariati Nazly M
Bought by
Miller Albert Joseph and Miller Karen Bearman
Seller's Agent
JILL FAHERTY
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Karen Gray
COLDWELL BANKER REALTY
List Price
$1,495,000
Sold Price
$1,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$1,196,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2005
Sold by
Gibbons Thomas S
Bought by
Shariati Saeid and Shariati Nazly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,900
Interest Rate
5.72%

Purchase Details

Closed on
Apr 15, 2002
Sold by
Perimeter Properties
Bought by
Gibbons Thomas and Gibbons Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,200
Interest Rate
7.05%
Source: Public Records

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Range of Values:

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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
Patterson Scott $1,675,000 Counsellors Title Agency Inc
Patterson Scott $1,675,000 Counsellors Title
Miller Albert Joseph $1,495,000 Chicago Title Insurance Co
Shariati Saeid $1,718,750 --
Gibbons Thomas $1,184,270 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Albert Joseph $1,196,000
Previous Owner Shariati Saeid $150,000
Previous Owner Shariati Saeid $700,000
Previous Owner Shariati Saeid $729,000
Previous Owner Shariati Saeid $1,360,000
Previous Owner Shariati Saeid $999,900
Previous Owner Gibbons Thomas $888,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $1,675,000 -1.4% $305 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $1,699,000 +13.6% $309 / Sq Ft
01/02/2020 01/02/20 Sold $1,495,000 0.0% --
10/02/2019 10/02/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $1,495,000 -- --
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
2024 $30,693 $1,725,300 $466,300 $1,259,000
2023 $30,649 $1,625,100 $466,300 $1,158,800
2022 $31,303 $1,556,600 $466,300 $1,090,300
2021 $30,538 $1,447,300 $466,300 $981,000
2020 $30,292 $1,446,600 $471,500 $975,100
2019 $31,584 $1,552,800 $471,500 $1,081,300
2018 $30,145 $1,503,500 $471,500 $1,032,000
2017 $30,175 $1,517,100 $481,500 $1,035,600
2016 $31,368 $1,607,800 $451,500 $1,156,300
2015 $29,838 $1,557,300 $451,500 $1,105,800
2014 $30,582 $1,581,300 $451,500 $1,129,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3703486

Garden State MLS

APN: 02-07102-0000-00012