NOT LISTED FOR SALE

188 Locust Ln Basking Ridge, NJ 07920

Estimated Value: $572,000 - $601,383

2 Beds
3 Baths
-- Sq Ft
1,133 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $580,000

Est. 1% increase in value since last sale

Current estimated payment $3,781/month

13 Days on Market

About This Home

As of June 2024

This home is located at 188 Locust Ln, Basking Ridge, NJ 07920 since 19 April 2024 and is currently estimated at $584,096. This property was built in 1995. 188 Locust Ln is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

Dia Mulani

REDFIN CORPORATION Brokerage Phone: 609-216-7035 Listed on: 04/19/2024

REDFIN CORPORATION

Last Buyer's Agent

MANIKANDAN SIVASUBRAMANIAN

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,061

Year Built

  • Built in 1995

Lot Details

  • 1,133

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,061

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Year Built: 1995
  • County Name: Somerset
  • Street Number Display: 188
  • I D: 5281118
  • Modified: 2025-06-29
  • Number Images: 1
  • Attribution Contact: 609-216-7035
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2004
Sold by
Chen Chunguang
Bought by
Ladd Sara K
Current Estimated Value
$584,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$92,129
Interest Rate
6.28%
Estimated Equity
$491,967

Purchase Details

Closed on
Nov 5, 2002
Sold by
Cortazzo Mark
Bought by
Chen Chung and Kim Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
6.34%

Purchase Details

Closed on
Mar 3, 1995
Sold by
Cedars Dev Corp
Bought by
Cortazzo Mark and Modugno Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.96%
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
Ladd Sara K $375,000 --
Chen Chung $296,000 --
Cortazzo Mark $184,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ladd Sara K $185,000
Previous Owner Chen Chung $236,800
Previous Owner Cortazzo Mark $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $580,000 +7.2% --
05/09/2024 05/09/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $541,000 -- --
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 $8,061 $533,000 $175,000 $358,000
2024 $8,061 $453,100 $175,000 $278,100
2023 $8,025 $425,500 $175,000 $250,500
2022 $8,173 $406,400 $175,000 $231,400
2021 $7,358 $368,500 $175,000 $193,500
2020 $7,689 $367,200 $175,000 $192,200
2019 $7,455 $366,500 $175,000 $191,500
2018 $7,134 $355,800 $175,000 $180,800
2017 $7,208 $362,400 $175,000 $187,400
2016 $7,111 $364,500 $175,000 $189,500
2015 $6,836 $356,800 $170,000 $186,800
2014 $6,520 $337,100 $175,000 $162,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3897130

Garden State MLS

APN: 02-09001-0000-00012-11-CONDO