NOT LISTED FOR SALE

38 Hardscrabble Rd Basking Ridge, NJ 07920

Estimated Value: $1,035,000 - $1,292,000

5 Beds
3 Baths
936 Sq Ft
$1,295/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $925,000 $988 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,860/month

46 Days on Market

About This Home

As of September 2022

This home is located at 38 Hardscrabble Rd, Basking Ridge, NJ 07920 since 14 June 2022 and is currently estimated at $1,212,286, approximately $1,295 per square foot. This property was built in 1840. 38 Hardscrabble 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: 06/14/2022

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,897

Year Built

  • Built in 1840

Lot Details

  • 1.48 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,897

Year Built

Built in 1840

Lot Details

0

Listing Details

  • Year Built: 1840
  • County Name: Somerset
  • Street Number Display: 38
  • I D: 5157856
  • Modified: 2025-07-21
  • Number Images: 1
  • Attribution Contact: 908-580-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.20

Lot Info

  • Lot Size: 1.4790AC
  • Total Acres: 1.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Sep 28, 2022
Sold by
Petrillo Jay M and Petrillo Janet T
Bought by
Ludlum Shannon P
Seller's Agent
Chantal Konicek
BHHS FOX & ROACH
List Price
$979,000
Sold Price
$925,000
Premium/Discount to List
-$54,000
-5.52%
Current Estimated Value
$1,212,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,286
Avg. Annual Appreciation
9.37%
Original Mortgage
$425,000
Outstanding Balance
$407,536
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$804,750

Purchase Details

Closed on
Aug 9, 1997
Sold by
Jacobs Thomas
Bought by
Petrillo Jay and Petrillo Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
7.56%
Source: Public Records

Range of Values:

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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
Ludlum Shannon P $925,000 --
Ludlum Shannon P $925,000 None Listed On Document
Petrillo Jay $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludlum Shannon P $425,000
Closed Ludlum Shannon P $425,000
Previous Owner Petrillo Jay $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $925,000 0.0% $988 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/21/2022 07/21/22 Price Changed $925,000 -3.0% $988 / Sq Ft
07/08/2022 07/08/22 Price Changed $954,000 -2.6% $1,019 / Sq Ft
06/17/2022 06/17/22 For Sale $979,000 -- $1,046 / 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 $16,897 $1,057,000 $409,200 $647,800
2024 $16,897 $949,800 $382,200 $567,600
2023 $16,644 $882,500 $368,700 $513,800
2022 $15,467 $769,100 $368,700 $400,400
2021 $15,990 $757,800 $359,700 $398,100
2020 $15,736 $751,500 $359,700 $391,800
2019 $15,676 $770,700 $359,700 $411,000
2018 $15,565 $776,300 $355,200 $421,100
2017 $15,453 $776,900 $355,200 $421,700
2016 $14,865 $761,900 $355,200 $406,700
2015 $15,148 $790,600 $358,900 $431,700
2014 $14,884 $769,600 $358,900 $410,700
Source: Public Records

Agents Affiliated with this Home

  • Chantal Konicek

    Seller's Agent in 2022

    Chantal Konicek

    BHHS FOX & ROACH

    (908) 612-0862

    47 in this area

    87 Total Sales

    Chantal Konicek
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Map

Source: Garden State MLS

MLS Number: 3788953

Garden State MLS

APN: 02-00204-0000-00002

New Jersey Somerset County Basking Ridge 07920

38 Hardscrabble Rd, Basking Ridge, NJ

This home is located at 38 Hardscrabble Rd, Basking Ridge, NJ 07920 since 14 June 2022 and is currently estimated at $1,212,286, approximately $1,295 per square foot. This property was built in 1840. 38 Hardscrabble Rd 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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