$875,000
SOLD AUG 29, 2018

40 Melbourne Way Basking Ridge, NJ 07920

5 Beds
3.5 Baths
3,417 Sq Ft
0.97 Acres

Recently Sold

$256 Per Sq Ft

10% Below List Price

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
$1,440,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,089
Avg. Annual Appreciation
7.16%
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

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Range of Values:

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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 $875,000 Zinn Title Agency Llc
Deed $890,000 --
Deed $890,000 --
Deed $409,000 --
Deed $385,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $686,600 New Conventional
Closed $700,000 New Conventional
Previous Owner $500,000 New Conventional
Previous Owner $320,000 No Value Available
Previous Owner $349,000 No Value Available
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
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

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Map

Source: Garden State MLS

MLS Number: 3465131

Garden State MLS

APN: 02-04901-0000-00008