$450,000
SOLD FEB 25, 2021

35 E Craig St Basking Ridge, NJ 07920

3 Beds
4 Baths
2,210 Sq Ft
2.53 Acres

Recently Sold

$204 Per Sq Ft

22% Below List Price

42 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Wooded Lot
  • Oak Street Elementary School Rated A
  • Stream or River on Lot
  • Wood Flooring

About This Home

As of February 2022

1940's Colonial set back from the road. House has been rented and is currently occupied. Major cosmetic repairs and updates needed. Beautiful 2.5+ acre lot in great location close to town, school, library and NJ Transit Trains. Sold As-is. House could be updated or build your dream home. Photos are from old listing. Please do not drive in driveway without appointment.

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

  • $13,473

Year Built

  • Built in 1940

Lot Details

  • 2.53 Acre Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Inside Entrance

Home Design

  • Colonial Architecture
  • Wood Shingle Roof

Interior Spaces

  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Separate Shower

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Stream or River on Lot
  • Enclosed Patio or Porch

Schools

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

Utilities

  • Central Air
  • Standard Electricity
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-01608-0000-00011-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,473

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Somerset
  • Easements Description: Shared Drive
  • Street Number Display: 35
  • Directions: N. Maple or N. Finley to E. Craig Street
  • I D: 4988861
  • Modified: 2022-02-26
  • Number Images: 14
  • 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: Vinyl-Linoleum, Wood
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Range/Oven-Electric, Refrigerator
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full, Walkout
  • Basement Level Rooms: Inside Entrance, Laundry Room, Outside Entrance, Powder Room, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 16x10
  • Kitchen Level: First
  • Living Room Dim: 20x15
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, Powder Room, Screened
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-696-8600

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Enclosed Porch(es), Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Fuel Type: OilAbOut
  • Heating: 1 Unit
  • 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: 2.53AC
  • Assessed Improvement Value: 236400
  • Assessed Land Value: 426000
  • Assessment: 662400
  • Easement: Yes
  • Lot Description: Level Lot, Stream On Lot, Wooded Lot
  • Lot Identifier: 11
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.53

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13473
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-01608-0000-00011-0000-
  • 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
Jan 3, 2022
Closed on
Feb 11, 2022
Sold by
301 Garrett Llc
Bought by
Clifford Matthew P and Clifford Michelle S
Seller's Agent
Kelly Peterpaul
COLDWELL BANKER REALTY
Buyer's Agent
Suzen Jacob
COLDWELL BANKER REALTY
List Price
$1,499,000
Sold Price
$1,550,000
Premium/Discount to List
$51,000
3.4%
Current Estimated Value
$1,964,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,106
Avg. Annual Appreciation
6.78%
Original Mortgage
$979,650
Outstanding Balance
$911,410
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,052,696

Purchase Details

Listed on
Jun 12, 2020
Closed on
Feb 24, 2021
Sold by
35 E Craig Lp
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
$575,000
Sold Price
$450,000
Premium/Discount to List
-$125,000
-21.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
257.87%
Original Mortgage
$450,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 18, 2009
Sold by
Ridge Custom Homes Llc
Bought by
Sposato Realty Lp

Purchase Details

Closed on
Jun 27, 2006
Sold by
Andrews Cynthia
Bought by
Ridge Custom Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Interest Rate
6.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 20, 2006
Sold by
Lanigan Joyce H
Bought by
Andrews Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Interest Rate
6.58%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Deed $1,550,000 Peterpaul Anthony J
Deed $450,000 Chicago Title Insurance Co
Deed -- None Available
Deed -- None Available
Deed $918,500 --
Deed $18,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $979,650 New Conventional
Previous Owner $450,000 Construction
Previous Owner $459,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $1,550,000 +3.4% $701 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $1,499,000 +233.1% $678 / Sq Ft
02/25/2021 02/25/21 Sold $450,000 -21.7% $204 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
06/12/2020 06/12/20 For Sale $575,000 -- $260 / 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 $28,067 $1,661,100 $480,600 $1,180,500
2024 $28,067 $1,577,700 $414,100 $1,163,600
2023 $28,505 $1,511,400 $414,100 $1,097,300
2022 $10,495 $521,900 $371,900 $150,000
2021 $9,132 $432,900 $362,900 $70,000
2020 $13,416 $640,700 $408,300 $232,400
2019 $13,473 $662,400 $426,000 $236,400
2018 $13,618 $679,200 $413,800 $265,400
2017 $13,706 $689,100 $404,300 $284,800
2016 $13,641 $699,200 $404,300 $294,900
2015 $13,184 $688,100 $404,300 $283,800
2014 $12,991 $671,700 $399,500 $272,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3639839

Garden State MLS

APN: 02-01608-0000-00011