NOT LISTED FOR SALE

38 Hardscrabble Rd Basking Ridge, NJ 07920

Estimated Value: $1,168,000 - $1,278,000

5 Beds
4 Baths
936 Sq Ft
$1,312/Sq Ft Est. Value

Last Sold September 29, 2022

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

Est. 33% increase in value since last sale

Current estimated payment $8,249/month

46 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Stream or River on Lot
  • Oak Street Elementary School Rated A
  • Dining Room with Fireplace
  • Wooded Lot

About This Home

As of September 2022

A magical 1840s colonial in an idyllic story-book setting! This home has been lovingly updated and expanded to offer all the amenities today's living requires, while protecting the home's vintage character and capitalizing on the nature views! Imagine gathering in the Living Room with an exquisite fireplace mantel and stair banister from the original Ballantine Estate and entertaining in the Dining Room by the glow of its fireplace. The renovated Kitchen overlooks gorgeous gardens and opens to a stunning Family Room addition with radiant heated floors, a wet bar, and walls of windows. If working or creating from home, there is both a home office in the main house and a detached 320 sf Office/Studio with a Powder Room and Kitchenette. 5 Bedrooms on the 2nd level include a Primary Bedroom with a sitting area, en-suite Bath with radiant heated floor, and multiple closets. 2 additional bedrooms offer walk-in closets and all 5 have tremendous views. 1st Floor Laundry and plentiful dry storage area in the basement are extra conveniences. Outdoors, the possibilities are endless! An expansive level lawn is accented with perennial blooms and a bluestone Terrace with a built-in firepit overlooking the river. With only 3 distinct prior owners, the architectural details, flexible Office / Studio space, and picturesque setting; this home is a rare find!

Last Listed By

Chantal Konicek

BHHS FOX & ROACH Listed on: 06/14/2022

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,736

Year Built

  • Built in 1840 | Remodeled

Lot Details

  • 1.48 Acre Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Composition Shingle Roof
  • Clapboard
  • Tile

Interior Spaces

  • Wet Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Family Room with entrance to outdoor space
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Home Office
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Stone Driveway
  • Additional Parking

Outdoor Features

  • Stream or River on Lot
  • Deck
  • Patio
  • Storage Shed
  • Outbuilding

Schools

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

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Radiator
  • Radiant Heating System
  • Standard Electricity
  • Generator Hookup
  • Private Water Source
  • Well
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-00204-0000-00002-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,736

Year Built

Built in 1840 | Remodeled

Lot Details

0

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1840
  • Year Built Description: Approximate, Renovated
  • County Name: Somerset
  • Easements Description: Conservation
  • Exclusions: Basement Refrigerator
  • Possible Other Uses: Home-Office
  • Renovated Year: 2006
  • Street Number Display: 38
  • Directions: Childs Rd to Hardscrabble Rd to #38 - on the Right side.
  • I D: 5157856
  • Modified: 2023-09-30
  • Number Images: 31
  • Section Subdiv Development: Franklin Corners
  • First Name: CHANTAL M
  • First Name3: BETTE
  • Last Name: KONICEK
  • Last Name3: PETRELL
  • Office Phone: 908-580-5000
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Dining Room, Family Room, Living Room, Wood Burning
  • Number of Fireplaces: 3
  • Appliances: Dishwasher, Dryer, Generator-Hookup, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Electric, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, JacuzTyp, Smoke Detector, StallShw, StallTub, TubShowr, Walk-In Closet
  • Number Rooms: 11
  • 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 And Tub
  • Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 27x11
  • Kitchen Level: First
  • Living Room Dim: 19x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 11x10
  • Other Room1 Level: Second
  • Other Room 2: Office
  • Other Room2 Dim: 10x8
  • Other Room2 Level: First
  • Other Room 3: Sunroom
  • Other Room3 Dim: 18x8
  • Other Room3 Level: First
  • Other Room4 Dim: 20x16
  • Other Room4 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Kitchen, Laundry Room, Living Room, Office, OutEntrn, Pantry, Powder Room, SeeRem, Sunroom
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-580-5000

Exterior Features

  • Exterior Description: Clapboard
  • Exterior Features: Deck, Outbuilding(s), Patio, Storage Shed, FencVnyl
  • Roof Description: Composition Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Additional Parking, Crushed Stone, Driveway-Exclusive

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater, Radiant - Hot Water, Radiators - Hot Water
  • Sewer: Septic 5+ Bedroom Town Verified
  • Utilities: Electric, Gas-Natural
  • Water: Private, Well
  • 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: 1.4790AC
  • Assessed Improvement Value: 400400
  • Assessed Land Value: 368700
  • Assessment: 769100
  • Easement: Yes
  • Lot Description: Open Lot, Stream On Lot, Wooded Lot
  • Lot Identifier: 2
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.48
  • Zoning: Residential

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: 15736
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-00204-0000-00002-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: OAK ST

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
Buyer's Agent
BETTE PETRELL
COLDWELL BANKER REALTY
List Price
$979,000
Sold Price
$925,000
Premium/Discount to List
-$54,000
-5.52%
Total Days on Market
46
Current Estimated Value
$1,227,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,959
Avg. Annual Appreciation
10.86%
Original Mortgage
$425,000
Outstanding Balance
$412,299
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$795,727

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%

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 Buyer Sale Price Title Company
Ludlum Shannon P $925,000 --
Petrillo Jay $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludlum Shannon P $425,000
Previous Owner Petrillo Jay M $595,000
Previous Owner Petrillo Jay M $595,000
Previous Owner Petrillo Jay M $595,000
Previous Owner Petrillo Jay M $70,000
Previous Owner Petrillo Jay M $570,000
Previous Owner Petrillo Jay M $575,000
Previous Owner Petrillo Jay M $485,000
Previous Owner Petrillo Jay M $310,000
Previous Owner Petrillo Jay $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Source: Garden State MLS

MLS Number: 3788953

Garden State MLS

APN: 02-00204-0000-00002