NOT LISTED FOR SALE

18 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $1,205,000 - $1,477,394

5 Beds
5 Baths
1,300 Sq Ft
$1,036/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $1,149,000 $884 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,643/month

64 Days on Market

About This Home

As of March 2023

This home is located at 18 Spencer Rd, Basking Ridge, NJ 07920 since 15 December 2022 and is currently estimated at $1,346,849, approximately $1,036 per square foot. This property was built in 1950. 18 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

Marcy Borcherding

COLDWELL BANKER REALTY Brokerage Phone: 908-766-0808 Listed on: 12/15/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Edward Toombs

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,619

Year Built

  • Built in 1950

Lot Details

  • 0.57 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,619

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • County Name: Somerset
  • I D: 5192324
  • Attribution Contact: 908-766-0808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: .57AC
  • Total Acres: 0.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Mar 31, 2023
Sold by
Nuotare Investments Llc
Bought by
Kelly James Nicholas and Kelly Kristen Elizabeth
Seller's Agent
Marcy Borcherding
COLDWELL BANKER REALTY
Buyer's Agent
Edward Toombs
COLDWELL BANKER REALTY
List Price
$1,289,000
Sold Price
$1,149,000
Premium/Discount to List
-$140,000
-10.86%
Views
171
Current Estimated Value
$1,346,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,849
Avg. Annual Appreciation
6.11%
Original Mortgage
$919,200
Outstanding Balance
$881,333
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$465,516

Purchase Details

Listed on
Jul 20, 2021
Closed on
Jul 14, 2021
Sold by
Wreszin Henry Mark
Bought by
Nuotare Investments Llc
Seller's Agent
LISA BROWN
COLDWELL BANKER REALTY
Buyer's Agent
Marcy Borcherding
COLDWELL BANKER REALTY
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.47%
Original Mortgage
$400,000
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Kelly James Nicholas $1,149,000 None Listed On Document
Kelly James Nicholas $1,149,000 None Listed On Document
Nuotare Investments Llc $440,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly James Nicholas $919,200
Closed Kelly James Nicholas $919,200
Previous Owner Nuotare Investments Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $1,149,000 -3.4% $884 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $1,189,000 -7.8% $915 / Sq Ft
12/21/2022 12/21/22 For Sale $1,289,000 +193.0% $992 / Sq Ft
07/21/2021 07/21/21 Sold $440,000 0.0% $338 / Sq Ft View Prior Sale
07/20/2021 07/20/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $440,000 -- $338 / 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 $18,619 $1,167,500 $381,300 $786,200
2024 $18,619 $1,046,600 $357,600 $689,000
2023 $8,661 $459,200 $343,300 $115,900
2022 $8,774 $436,300 $329,100 $107,200
2021 $9,133 $433,400 $329,100 $104,300
2020 $8,732 $417,000 $312,400 $104,600
2019 $8,317 $408,900 $312,400 $96,500
2018 $7,916 $394,800 $312,400 $82,400
2017 $7,763 $390,300 $307,900 $82,400
2016 $7,638 $391,500 $307,900 $83,600
2015 $7,685 $401,100 $317,500 $83,600
2014 $7,562 $391,000 $313,000 $78,000
Source: Public Records

Agents Affiliated with this Home

  • Marcy Borcherding

    Seller's Agent in 2023

    Marcy Borcherding

    COLDWELL BANKER REALTY

    (908) 752-8865

    23 in this area

    87 Total Sales

    Marcy Borcherding
    Section Image

  • E

    Buyer's Agent in 2023

    Edward Toombs

    COLDWELL BANKER REALTY

    (908) 625-3526

    11 in this area

    38 Total Sales

    Edward Toombs
    Section Image

  • L

    Seller's Agent in 2021

    LISA BROWN

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3821415

Garden State MLS

APN: 02-01806-0000-00005

New Jersey Somerset County Basking Ridge 07920

18 Spencer Rd, Basking Ridge, NJ

Not Listed for Sale

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