NOT LISTED FOR SALE

31 Prospect Ave Basking Ridge, NJ 07920

Estimated Value: $1,197,000 - $1,360,000

5 Beds
3.5 Baths
2,376 Sq Ft
$547/Sq Ft Est. Value

Last Sold June 15, 2016

Last sale price $930,000 $391 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,349/month

50 Days on Market

Highlights

  • Colonial Architecture
  • Cathedral Ceiling
  • Attic
  • Oak Street Elementary School Rated A
  • Wood Flooring
  • Home Gym

About This Home

As of June 2016

Gracious colonial home w/ 5 bedrooms, 3 full and 1 1/2 baths( all renovated). New gourmet kitchen w/ Wolf stove, granite counters, large center island, oversized tile flooring. Located close to town This home has had numerous renovations within the last couple of years. New furnace 2014, New Hot water heater 2014, Roof replaced 2005, windows replaced 2006, removed old paved driveway and installed new 2013, garage door opener replaced 2013. New Bluestone patio and landscaping installed 2011 by Landscape Aesthetics. Family room has custom built ins surrounding a wood burning fireplace. Living room has been converted to a large dining room perfect for entertaining, while the formal dining room has been converted to a pub room for the more casual evenings .Home has been kept in meticulous condition.

Last Agent to Sell the Property

ELAINE WALLER

WEICHERT REALTORS Listed on: 02/29/2016

Last Buyer's Agent

PATRICIA T EMMA

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,050

Year Built

  • Built in 1968

Lot Details

  • 0.46 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Track Lighting
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Workshop
  • Storage Room
  • Laundry Room
  • Home Gym
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Partially Finished Basement

  • Exterior Basement Entry
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Storage Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-01612-0000-00003-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,050

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1968
  • County Name: Somerset
  • Exclusions: washer, dryer, 2 refrigerators, microwave
  • Renovated Year: 2011
  • Street Number Display: 31
  • Directions: South Maple Ave. to Prospect Ave. House is on right.
  • I D: 4603089
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: ELAINE
  • First Name3: PATRICIA EMMA
  • Last Name: WALLER
  • Last Name3: SHARKEY
  • Office Phone3: 908-273-1900
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2011

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Generator-Built-In, Range/Oven-Gas, Dishwasher, Disposal, Kitchen Exhaust Fan, Sump Pump
  • Interior Amenities: Walk-In Closet, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Skylight, Cathedral Ceiling, Smoke Detector, Track Lighting
  • Number Rooms: 10
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Finished-Partially
  • Basement Level Rooms: Exercise Room, Storage Room, Outside Entrance, Workshop
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Separate Dining Area, Eat-In Kitchen
  • Kitchen Dim: 24x14
  • Kitchen Level: First
  • Living Room Dim: 13x12
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 12x10
  • Other Room1 Level: Second
  • Other Room 2: Exercise Room
  • Other Room2 Dim: 38x18
  • Other Room2 Level: Basement
  • Level 1 Rooms: Family Room, Kitchen, Powder Room, Foyer, Dining Room, Living Room
  • Level 2 Rooms: Bath(s) Other, Laundry Room, 4 Or More Bedrooms, Attic, Bath Main
  • Phone: 908-766-7447

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Storage Shed, Thermal Windows/Doors, Patio, Curbs
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: Ceiling Fan, 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

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: .46AC
  • Assessed Improvement Value: 466600
  • Assessed Land Value: 371100
  • Assessment: 837700
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 3
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.46

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 16050
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-01612-0000-00003-0000-
  • Tax Rate Amount: 1.916
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: OAK ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2016
Closed on
Jun 9, 2016
Sold by
Valenzano Donald and Valenzano Roseanna
Bought by
Mcmahon Brian Arthur and Mcmahomn Jennifer Lynn
Seller's Agent
ELAINE WALLER
WEICHERT REALTORS
Buyer's Agent
PATRICIA T EMMA
KELLER WILLIAMS REALTY
List Price
$929,000
Sold Price
$930,000
Premium/Discount to List
$1,000
0.11%
Current Estimated Value
$1,298,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,519
Avg. Annual Appreciation
3.65%
Original Mortgage
$540,000
Outstanding Balance
$429,780
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$868,739

Purchase Details

Closed on
Aug 9, 1996
Sold by
Schroeder Judee
Bought by
Valenzano Donald and Valenzano Roseanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.08%
Source: Public Records

Range of Values:

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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
Mcmahon Brian Arthur $930,000 Realiant Abstract Llc
Valenzano Donald $438,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahon Brian Arthur $540,000
Previous Owner Valenzano Donald $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2016 06/15/16 Sold $930,000 +0.1% $391 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $929,000 -- $391 / 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 $17,582 $1,149,000 $441,500 $707,500
2024 $17,582 $988,300 $396,500 $591,800
2023 $17,295 $917,000 $396,500 $520,500
2022 $17,309 $860,700 $394,200 $466,500
2021 $17,386 $824,000 $381,500 $442,500
2020 $17,206 $821,700 $381,500 $440,200
2019 $17,381 $854,500 $388,800 $465,700
2018 $17,255 $860,600 $363,800 $496,800
2017 $17,157 $862,600 $363,800 $498,800
2016 $16,084 $824,400 $363,800 $460,600
2015 $16,050 $837,700 $371,100 $466,600
2014 $15,586 $805,900 $371,100 $434,800
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    ELAINE WALLER

    WEICHERT REALTORS

  • P

    Buyer's Agent in 2016

    PATRICIA T EMMA

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3285155

Garden State MLS

APN: 02-01612-0000-00003

New Jersey Somerset County Basking Ridge 07920

31 Prospect Ave, Basking Ridge, NJ

This home is located at 31 Prospect Ave, Basking Ridge, NJ 07920 since 29 February 2016 and is currently estimated at $1,298,519, approximately $546 per square foot. This property was built in 1968. 31 Prospect Ave is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

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