$450,000
SOLD SEP 10, 2020

25 E Craig St Basking Ridge, NJ 07920

3 Beds
2 Baths
1,586 Sq Ft
0.93 Acres

Recently Sold

$284 Per Sq Ft

42 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • 3 Car Garage
  • Oak Street Elementary School Rated A
  • Formal Dining Room
  • Walk-In Closet

About This Home

As of October 2021

Great in-town location. Home needs major updates or tear down. Sold as-is. Tree damage to roof since photos were taken. Repairs will not be made. Walk-out basement with one garage under and 2 car detached garage. Desirable area close to school, town, library, and NJ Transit trains. Opportunity to repair or tear down.

Last Agent to Sell the Property

WILLIAM CAREY

KL SOTHEBY'S INT'L. REALTY Listed on: 06/12/2020

Last Buyer's Agent

Kelly Peterpaul

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,831

Year Built

  • Built in 1953

Lot Details

  • 0.93 Acre Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Stone Driveway

Home Design

  • Ranch Style House
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access

Schools

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

Utilities

  • Radiator
  • Standard Electricity
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-01608-0000-00010-0001-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,831

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1953
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 25
  • Directions: N. Maple or N. Finley to E. Craig Street
  • I D: 4988856
  • Modified: 2021-09-23
  • Number Images: 11
  • Section Subdiv Development: In Town
  • First Name: WILLIAM
  • First Name3: KELLY ANN
  • Last Name: CAREY
  • Last Name3: PETERPAUL
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Range/Oven-Electric, Refrigerator
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished, Walkout
  • Basement Level Rooms: GarEnter
  • Dining Room Level: First
  • Den Level: First
  • Kitchen Area: Galley Type
  • Kitchen Dim: 13x8
  • Kitchen Level: First
  • Living Room Dim: 20x13
  • Living Room Level: First
  • Other Room 1: Den
  • Other Room1 Dim: 12x11
  • Other Room1 Level: First
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Living Room
  • Phone: 908-696-8600

Exterior Features

  • Exterior Description: Wood Shingle
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Detached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Crushed Stone

Utilities

  • Fuel Type: OilAbIn
  • Heating: 1 Unit, Radiators - Hot Water
  • Sewer: Public Sewer
  • Utilities: Electric, Gas In Street
  • Water: Public Water
  • Water Heater: Electric

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: 0.93AC
  • Assessed Improvement Value: 155300
  • Assessed Land Value: 377200
  • Assessment: 532500
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 10.1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.93

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10831
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-01608-0000-00010-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: OAK ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 12, 2021
Sold by
301 Garrett Llc
Bought by
Mahajan Nakul and Mahajan Jessica
Seller's Agent
Kelly Peterpaul
COLDWELL BANKER REALTY
Buyer's Agent
MARC A. PAOLELLA
C-21 CHRISTEL REALTY
List Price
$1,499,000
Sold Price
$1,650,000
Premium/Discount to List
$151,000
10.07%
Total Days on Market
42
Current Estimated Value
$2,064,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,338
Avg. Annual Appreciation
6.33%
Original Mortgage
$1,402,500
Outstanding Balance
$1,292,745
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$771,593

Purchase Details

Listed on
Jun 12, 2020
Closed on
Sep 9, 2020
Sold by
A Sposato Realty Co Inc
Bought by
301 Garrett Llc
Seller's Agent
WILLIAM CAREY
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Kelly Peterpaul
COLDWELL BANKER REALTY
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
225.82%
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 7, 2009
Sold by
A Sposato Realty Co Inc
Bought by
A Sposato Realty Co Inc

Purchase Details

Closed on
Oct 5, 2006
Sold by
Ridge Custom Homes Llc
Bought by
A Sposato Realty Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
6.54%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $1,650,000 Noble Title Agency Inc
Deed $450,000 Chicago Title Insurance Co
Interfamily Deed Transfer -- None Available
Deed -- --
Deed $850,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,402,500 New Conventional
Previous Owner $400,000 Construction
Previous Owner $215,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,650,000 +10.1% $384 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,499,000 +233.1% $349 / Sq Ft
09/10/2020 09/10/20 Sold $450,000 0.0% $284 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $450,000 -- $284 / 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
2024 $29,546 $1,660,800 $387,900 $1,272,900
2023 $29,955 $1,588,300 $387,900 $1,200,400
2022 $31,890 $1,585,800 $377,900 $1,207,900
2021 $8,185 $387,900 $367,900 $20,000
2020 $10,908 $520,900 $367,900 $153,000
2019 $10,831 $532,500 $377,200 $155,300
2018 $10,899 $543,600 $382,200 $161,400
2017 $10,613 $533,600 $372,200 $161,400
2016 $10,352 $530,600 $372,200 $158,400
2015 $10,084 $526,300 $372,200 $154,100
2014 $10,034 $518,800 $367,200 $151,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3639834

Garden State MLS

APN: 02-01608-0000-00010-01