NOT LISTED FOR SALE

40 King St Lebanon, NJ 08833

Estimated Value: $503,000

5 Beds
9 Baths
-- Sq Ft
124 Acres

Last Sold February 13, 2019

Last sale price $6,450,000

Current estimated payment $2,671/month

144 Days on Market

Highlights

  • Horse Facilities
  • Barn or Stable
  • Custom Home
  • Old Turnpike School Rated A
  • Heated In Ground Pool
  • 124 Acre Lot

About This Home

As of February 2019

Meadowbrook Farm, an extraordinary working farm dating to the 1700s. Privately nestled on 124 acres of unsurpassed beauty, the 2012 custom home offers exceptional architectural design and detailing. Four finished levels w/ exceptional quality. HardiPlank siding, wide-plank Cyprus floors, expansive windows, high ceilings, marble surfaces, en suite baths, 3 fireplaces. Beautiful pool w/ limestone deck, changing room. Adjacent covered porch w/ automatic screens, outdoor kitchen. Radiant heat, elevator. Approx. 10,000' climate-controlled barn, 6 stalls, 1/2 bath & unfin. space for future caretaker. Storage & equipment buildings. Gated entrance, gently rolling hills, open fields, sweeping views, pond, stands of hardwood & evergreen trees. 1/2 mile from Oldwick Village, 35 miles to Newark Airport, 48 miles to NYC

Last Agent to Sell the Property

Ashley Christus

TURPIN REAL ESTATE, INC. Listed on: 05/21/2018

Last Buyer's Agent

Karen Tourville

TURPIN REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,312

Lot Details

  • 124 Acre Lot
  • Wood Fence
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 4 Car Direct Access Garage
  • Inside Entrance
  • Gravel Driveway
  • Additional Parking

Home Design

  • Custom Home
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • High Ceiling
  • Wood Burning Fireplace
  • Window Treatments
  • Mud Room
  • Entrance Foyer
  • 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
  • Library
  • Recreation Room
  • Workshop
  • Storage Room
  • Utility Room
  • Home Gym
  • Mountain Views
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Eat-In Country Kitchen
  • Butlers Pantry
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Pond
  • Enclosed Patio or Porch
  • Separate Outdoor Workshop
  • Storage Shed
  • Outbuilding

Schools

  • Tewksbury Elementary School
  • Oldturnpke Middle School
  • Voorhees High School

Horse Facilities and Amenities

  • Barn or Stable

Utilities

  • Zoned Heating and Cooling
  • Radiant Heating System
  • Underground Utilities
  • Standard Electricity
  • Propane
  • Water Filtration System
  • Well
  • Water Softener is Owned
  • Septic System

Community Details

  • Horse Facilities

Listing and Financial Details

  • Assessor Parcel Number 1924-00038-0000-00014-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,312

Lot Details

0

Parking

4

Listing Details

  • Style: Custom Home
  • Primary Style: Custom Home
  • Subproperty Type: Single Family
  • County Name: Hunterdon
  • Easements Description: conservation
  • Exclusions: on file with LA
  • Directions: Rte 517 to center of Oldwick, approximately 1/2 mile to gated entrance on right #40
  • I D: 4800832
  • Section Subdiv Development: Oldwick Village
  • First Name: ASHLEY
  • First Name3: KAREN
  • Last Name: CHRISTUS
  • Last Name3: TOURVILLE
  • Office Phone3: 973-543-7400
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Stone, Marble, Wood
  • Fireplace Description: Dining Room, Family Room, Living Room, Wood Burning
  • Number of Fireplaces: 3
  • Appliances: Generator-Built-In, OvnWElec, Refrigerator, CookGas, Washer, Water Filter, Dishwasher, Self Cleaning Oven, Water Softener-Own, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: SoakTub, Elevator, StallShw, Walk-In Closet, Fire Alarm Sys, Security System, StallTub, Steam, Window Treatments, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Bedrooms: 5
  • Master Bedroom Desc: Dressing Room, 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, Jetted Tub, Steam
  • Bathrooms: 7.20
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Finished-Partially, Full
  • Basement Level Rooms: Utility Room, Outside Entrance, Workshop, Storage Room, Bath(s) Other, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Pantry, Country Kitchen, Eat-In Kitchen
  • Kitchen Dim: 22x16
  • Kitchen Level: First
  • Living Room Dim: 32x20
  • Living Room Level: First
  • Other Room 1: Library
  • Other Room1 Dim: 21x21
  • Other Room1 Level: First
  • Other Room 2: Bedroom
  • Other Room2 Dim: 14x18
  • Other Room2 Level: Third
  • Other Room 3: Office
  • Other Room3 Dim: 13x25
  • Other Room3 Level: Third
  • Other Room 4: Exercise Room
  • Other Room4 Dim: 13x24
  • Other Room4 Level: Third
  • Level 1 Rooms: MudRoom, Foyer, Screened, Library, OutEntrn, GarEnter, Living Room, Dining Room, Parlor, Powder Room, Bath(s) Other, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: 1 Bedroom, Office, Attic, Exercise Room, Bath(s) Other
  • Phone: 908-234-9100

Exterior Features

  • Exterior Description: Stone, Brick, ConcBrd
  • Exterior Features: Barbeque, Horse Facilities, OutDrKit, Storage Shed, Underground Lawn Sprinkler, Barn/Stable, Patio, Enclosed Porch(es), Wood Fence, Open Porch(es), Workshop, Outbuilding(s)
  • Pool: Yes
  • Pool Description: Gunite, In-Ground Pool, Heated
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Finished Garage, Attached Garage, Oversize Garage, InEntrnc
  • Number Garage Spaces: 4
  • Parking Driveway Description: 1 Car Width, Gravel, Additional Parking, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: Multi-Zone Cooling, Central Air, 4 Units
  • Fuel Type: OilAbIn, GasPropO
  • Heating: Radiant - Hot Water
  • Sewer: Septic 5+ Bedroom Town Verified, Septic
  • Utilities: All Underground, Gas-Propane, Electric
  • Water: Well

Schools

  • High School: VOORHEES
  • Middle Jr High School: OLDTURNPKE

Lot Info

  • Lot Size: 124.00 AC.
  • Easement: Yes
  • Farm Assessment: Yes
  • Lot Description: Backs to Park Land, Level Lot, Mountain View, Open Lot, Pond On Lot
  • Lot I D Tax: *
  • Total Acres: 124.00

Tax Info

  • Assessed Improvement Value: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 32312
  • Assessor Parcel Number: 1924-00038-0000-00014-0000-
  • Tax Rate Amount: 2.517
  • Tax Rate Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: TEWKSBURY ES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Feb 13, 2019
Sold by
Todd Barbara D
Bought by
Schwab Elena and Schwab Frank
Seller's Agent
Ashley Christus
TURPIN REAL ESTATE, INC.
Buyer's Agent
Karen Tourville
TURPIN REAL ESTATE, INC.
List Price
$6,995,000
Sold Price
$6,450,000
Premium/Discount to List
-$545,000
-7.79%
Current Estimated Value
$503,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,947,000
Original Mortgage
$835,000
Outstanding Balance
$732,618
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 11, 2011
Sold by
Todd Webster B and Todd Barbara D
Bought by
Todd Barbara D

Purchase Details

Closed on
Jun 9, 2010
Sold by
Todd Webster B and Todd Barbara D
Bought by
Todd Webster B and Todd Barbara D

Purchase Details

Closed on
Dec 3, 2009
Sold by
Todd Barbara D
Bought by
Todd Webster B and Todd Barbara D

Purchase Details

Closed on
Aug 19, 2008
Sold by
Watts David B and Lacoux Mai Watts
Bought by
Todd Barbara D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schwab Elena $6,450,000 Stewart Title Company
Todd Barbara D -- None Available
Todd Webster B -- None Available
Todd Webster B -- None Available
Todd Barbara D $4,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwab Elena $835,000
Previous Owner Todd Barbara D $2,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2019 02/13/19 Sold $6,450,000 -7.8% --
10/12/2018 10/12/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $6,995,000 -- --
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 $177 $500 $500 --
2024 $172 $7,300 $7,300 $0
2023 $172 $7,300 $7,300 $0
2022 $166 $7,300 $7,300 $0
2021 $166 $7,300 $7,300 $0
2020 $162 $7,300 $7,300 $0
2019 $189 $7,300 $7,300 $0
2018 $186 $7,300 $7,300 $0
2017 $184 $7,300 $7,300 $0
2016 $178 $7,300 $7,300 $0
2015 $172 $7,300 $7,300 $0
2014 $170 $7,300 $7,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3472466

Garden State MLS

APN: 24-00038-0000-00014-03-Q6109