NOT LISTED FOR SALE

220 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $1,415,000 - $1,483,923

4 Beds
4.5 Baths
-- Sq Ft
0.97 Acres

Last Sold May 31, 2022

Last sale price $999,999

Est. 44% increase in value since last sale

Current estimated payment $9,268/month

28 Days on Market

Highlights

  • Sauna
  • Sitting Area In Primary Bedroom
  • Deck
  • Oak Street Elementary School Rated A
  • Colonial Architecture
  • Recreation Room

About This Home

As of May 2022

Stately colonial situated in one of Basking Ridge's most desirable neighborhoods. This home offers great flow and an abundance of both living and storage space including more closets than I can count!! Upon entering the front door, you are met with a two-story foyer complete with gorgeous Palladian window and a soaring staircase. The amazing primary suite includes a spacious bedroom, sitting room, walk in closet, dressing room and laundry room + a beautifully updated primary bathroom. There is a second bedroom with en-suite bath plus 2 additional bedrooms and full bath on the second floor. The finished basement provides a full bath with Sauna, bedroom/office with egress window, kitchenette with beautiful granite counter with overhang seating, cedar closet and full workout room! The whole house generator, central vac, water softener, gas fireplace, newer HVAC, hardwood floors throughout and lush privacy landscaping complete the picture. All this and conveniently located close to town, schools, commuter highways and rails and part of the award winning Bernards Twp. School system!!

Last Agent to Sell the Property

LISA BROWN

COLDWELL BANKER REALTY Listed on: 03/17/2022

Last Buyer's Agent

LISA BROWN

COLDWELL BANKER REALTY Listed on: 03/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,766

Year Built

  • Built in 1997

Lot Details

  • 0.97

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Tile

Interior Spaces

  • Sound System
  • High Ceiling
  • Gas Fireplace
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Sauna
  • Home Gym
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Oak St Elementary School
  • W Annin Middle School
  • Ridge High School

Additional Features

  • Deck
  • 0.97 Acre Lot
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2702-02702-0000-00015-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,766

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1997
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 220
  • Directions: S. Finley Avenue to Lake Road to right on Spencer Road
  • I D: 5135893
  • Modified: 2023-06-01
  • Number Images: 41
  • Section Subdiv Development: In Town
  • First Name: LISA
  • First Name3: LISA
  • Last Name: BROWN
  • Last Name3: BROWN
  • Office Phone: 908-766-8341
  • Office Phone3: 908-766-8341
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Central Vacuum, Dishwasher, Disposal, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cedar Closets, High Ceilings, Sauna, Security System, Smoke Detector, SoakTub, Stereo System
  • Number Rooms: 11
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Sitting Room, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Bath(s) Other, Exercise Room, LivDinRm, Rec Room, Sauna
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 20x16
  • Kitchen Level: First
  • Living Room Dim: 14x23
  • Living Room Level: First
  • Other Room 1: MudRoom
  • Other Room1 Dim: 12x6
  • Other Room1 Level: First
  • Other Room 2: SittngRm
  • Other Room2 Dim: 11x15
  • Other Room2 Level: Second
  • Other Room 3: Bedroom/Office
  • Other Room3 Dim: 14x14
  • Other Room3 Level: Basement
  • Other Room 4: Rec Room
  • Other Room4 Dim: 14x36
  • Other Room4 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, MudRoom, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room, SittngRm

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

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

Schools

  • Elementary School: OAK ST
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: 0.97AC
  • Assessed Improvement Value: 511500
  • Assessed Land Value: 322100
  • Assessment: 833600
  • Easement: Unknown
  • Lot Identifier: 15
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.97

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 16766
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-02702-0000-00015-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: OAK ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
May 20, 2022
Sold by
Birnbaum and Roy
Bought by
Li Xianglong and Yu Priscilla Sara
Seller's Agent
LISA BROWN
COLDWELL BANKER REALTY
Buyer's Agent
LISA BROWN
COLDWELL BANKER REALTY
List Price
$999,999
Sold Price
$999,999
Current Estimated Value
$1,444,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,482
Avg. Annual Appreciation
11.68%
Original Mortgage
$508,888
Outstanding Balance
$484,125
Interest Rate
5.25%
Mortgage Type
Balloon
Estimated Equity
$960,356

Purchase Details

Closed on
Nov 9, 2005
Sold by
Birnbaum Roy and Birnbaum Jungae
Bought by
Birnbaum Jungae

Purchase Details

Closed on
Jun 30, 2003
Sold by
Cooper Robert
Bought by
Birnbaum Roy and Birnbaum Jungae

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
5.45%

Purchase Details

Closed on
Jul 3, 1997
Sold by
Byrnco Inc
Bought by
Cooper Robert and Maggiore Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,000
Interest Rate
7.79%
Source: Public Records

Range of Values:

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Average Value
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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
Li Xianglong $999,999 None Listed On Document
Birnbaum Jungae -- None Available
Birnbaum Roy $725,000 --
Cooper Robert $449,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Xianglong $508,888
Previous Owner Birnbaum Roy $410,000
Previous Owner Cooper Robert $449,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $999,999 0.0% --
04/14/2022 04/14/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $999,999 -- --
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 $19,313 $1,181,600 $366,700 $814,900
2024 $19,313 $1,085,600 $335,200 $750,400
2023 $18,079 $958,600 $335,200 $623,400
2022 $17,651 $877,700 $322,100 $555,600
2021 $17,589 $833,600 $322,100 $511,500
2020 $16,767 $800,700 $317,200 $483,500
2019 $16,681 $820,100 $317,200 $502,900
2018 $16,664 $831,100 $337,700 $493,400
2017 $16,624 $835,800 $337,700 $498,100
2016 $15,936 $816,800 $337,700 $479,100
2015 $15,604 $814,400 $328,700 $485,700
2014 $14,811 $765,800 $293,300 $472,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3769655

Garden State MLS

APN: 02-02702-0000-00015