NOT LISTED FOR SALE

40 Melbourne Way Basking Ridge, NJ 07920

Estimated Value: $1,403,000 - $1,550,000

5 Beds
3.5 Baths
3,417 Sq Ft
$434/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $875,000 $256 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $9,588/month

91 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Jetted Tub in Primary Bathroom
  • Liberty Corner Elementary School Rated A
  • Wood Flooring
  • Home Office

About This Home

As of August 2018

Wonderful large, bright CHC, in one of Basking Ridge's most sought after neighborhoods. Enjoy entertaining in a spacious kitchen that boasts custom cherry cabinets, an oversized island, wet bar and a generous dining area. Rare side entrance with foyer leading to a custom closet/mud room and a most spacious laundry room, with great counter space and lots of cabinets, keeping all tidy. Large master suite with office/sitting room boasts a walk-in closet with custom cabinetry. Hard wired CO/Smoke and Security system, finished basement, beautiful level backyard and endless sidewalks, make this a great neighborhood to call home. Sf per Bernards Township records-other measurements approximate.

Last Agent to Sell the Property

CAMILLE CRONIN

KELLER WILLIAMS TOWNE SQUARE REAL Listed on: 04/27/2018

Last Buyer's Agent

CLAIRE SHADOOD

RE/MAX PINNACLE

RE/MAX PINNACLE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,382

Year Built

  • Built in 1970

Lot Details

  • 0.97 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Composition Shingle Roof
  • Tile

Interior Spaces

  • 3,417 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Utility Room
  • Finished Basement
  • Sump Pump
  • Carbon Monoxide Detectors

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor

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
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Liberty C 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 2702-04901-0000-00008-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,382

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1970
  • County Name: Somerset
  • Renovated Year: 2002
  • Street Number Display: 40
  • Directions: Mt. Airy Rd. to Kensington Rd. at end of Kensington make a right, then first right onto Melbourne Way - home on left
  • I D: 4796430
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: CAMILLE
  • First Name3: CLAIRE
  • Last Name: CRONIN
  • Last Name3: SHADOOD
  • Office Phone: 9087660085
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2002

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Trash Compactor, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven, Sump Pump
  • Interior Amenities: Bar-Wet, Security System, Skylight
  • Number Rooms: 9
  • 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, Jetted Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Utility Room, Office, Rec Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 27x13
  • Kitchen Level: First
  • Living Room Dim: 20x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 12x10
  • Other Room1 Level: Second
  • Other Room2 Dim: 14x8
  • Other Room2 Level: Second
  • Other Room 3: Rec Room
  • Other Room3 Dim: 27x27
  • Other Room3 Level: Basement
  • Other Room 4: Office
  • Other Room4 Dim: 15x10
  • Other Room4 Level: Basement
  • Level 1 Rooms: Laundry Room, Foyer, Living Room, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: Office, 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Estimated Sq Ft: 3417
  • Phone: 908-766-0085

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Storage Shed, Patio
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 2 Units, Ceiling Fan, 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: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: .97AC
  • Assessed Improvement Value: 540400
  • Assessed Land Value: 383800
  • Assessment: 924200
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 8
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.97

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 18382
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-04901-0000-00008-0000-
  • Tax Rate Amount: 1.989
  • Tax Rate Tax: *
  • Tax Rate Year: 2017
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2018
Closed on
Aug 17, 2018
Sold by
Lee Pom S and Luo Allison
Bought by
Johnston Adam K and Johnston Laura E
Seller's Agent
CAMILLE CRONIN
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
CLAIRE SHADOOD
RE/MAX PINNACLE
List Price
$975,000
Sold Price
$875,000
Premium/Discount to List
-$100,000
-10.26%
Current Estimated Value
$1,482,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,433
Avg. Annual Appreciation
7.72%
Original Mortgage
$700,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2012
Closed on
Jun 12, 2012
Sold by
Callahan Michael and Callahan Laura
Bought by
Lee Pom S and Lee L
Seller's Agent
Roxanne Formisano
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
WILLIAM ROLLER
KL SOTHEBY'S INT'L. REALTY
Sold Price
$890,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.27%

Purchase Details

Listed on
Jun 15, 2012
Closed on
Jun 11, 2012
Sold by
Callahan Michael and Callahan Laura
Bought by
Lee Pom S and Allison Luo
Seller's Agent
Roxanne Formisano
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
WILLIAM ROLLER
KL SOTHEBY'S INT'L. REALTY
Sold Price
$890,000

Purchase Details

Closed on
Jun 17, 1998
Sold by
Mitchell Michael B
Bought by
Callahan Michael and Callahan Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.09%

Purchase Details

Closed on
Sep 29, 1993
Sold by
Groody Edward
Bought by
Mitchell Michael and Kathleen Mitchell F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
7%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Johnston Adam K $875,000 Zinn Title Agency Llc
Lee Pom S $890,000 --
Lee Pom S $890,000 --
Callahan Michael $409,000 --
Mitchell Michael $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Adam K $700,000
Previous Owner Callahan Michael $320,000
Previous Owner Mitchell Michael $349,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2018 08/29/18 Sold $875,000 -10.3% $256 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $975,000 +9.6% $285 / Sq Ft
06/15/2012 06/15/12 Sold $890,000 -- --
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 $20,740 $1,298,500 $439,400 $859,100
2024 $20,740 $1,165,800 $374,400 $791,400
2023 $20,431 $1,083,300 $364,400 $718,900
2022 $19,058 $947,700 $364,400 $583,300
2021 $18,439 $873,900 $364,400 $509,500
2020 $17,967 $858,000 $364,400 $493,600
2019 $17,783 $874,300 $374,100 $500,200
2018 $17,838 $889,700 $383,800 $505,900
2017 $18,382 $924,200 $383,800 $540,400
2016 $18,357 $940,900 $393,800 $547,100
2015 $18,859 $984,300 $398,800 $585,500
2014 $17,704 $915,400 $388,800 $526,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3465131

Garden State MLS

APN: 02-04901-0000-00008