NOT LISTED FOR SALE

247 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $1,083,000 - $1,169,019

4 Beds
3 Baths
2,088 Sq Ft
$541/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $998,000 $478 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,070/month

18 Days on Market

About This Home

As of May 2024

This home is located at 247 Spencer Rd, Basking Ridge, NJ 07920 since 28 February 2024 and is currently estimated at $1,130,255, approximately $541 per square foot. This property was built in 1971. 247 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

Chantal Konicek

BHHS FOX & ROACH Brokerage Phone: 908-580-5000 Listed on: 02/28/2024

BHHS FOX & ROACH

Last Buyer's Agent

KELLY JU

REALMART REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 1.67 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Year Built: 1971
  • County Name: Somerset
  • I D: 5270597
  • Attribution Contact: 908-580-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 1.67AC
  • Total Acres: 1.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
May 7, 2024
Sold by
Peters Kenan T and Peters Carol C
Bought by
Chen Yue and Wang Jia
Seller's Agent
Chantal Konicek
BHHS FOX & ROACH
Buyer's Agent
KELLY JU
REALMART REALTY
List Price
$998,000
Sold Price
$998,000
Views
184
Current Estimated Value
$1,130,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,255
Avg. Annual Appreciation
7.46%
Original Mortgage
$798,400
Outstanding Balance
$768,272
Interest Rate
1.11%
Mortgage Type
New Conventional
Estimated Equity
$361,983

Purchase Details

Closed on
Aug 22, 1996
Sold by
Carnahan John
Bought by
Peters Keanan and Peters Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
8.4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Chen Yue $998,000 None Listed On Document
Chen Yue $998,000 None Listed On Document
Peters Keanan $339,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yue $798,400
Closed Chen Yue $798,400
Previous Owner Peters Keanan $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $998,000 0.0% $478 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $998,000 -- $478 / 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 $14,341 $956,900 $365,100 $591,800
2024 $14,402 $806,100 $335,300 $470,800
Source: Public Records

Agents Affiliated with this Home

  • Chantal Konicek

    Seller's Agent in 2024

    Chantal Konicek

    BHHS FOX & ROACH

    (908) 612-0862

    44 in this area

    80 Total Sales

    Chantal Konicek
    Section Image

  • K

    Buyer's Agent in 2024

    KELLY JU

    REALMART REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3888022

Garden State MLS

APN: 02-02701-0000-00020

New Jersey Somerset County Basking Ridge 07920

247 Spencer Rd, Basking Ridge, NJ

Not Listed for Sale

Detached

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