NOT LISTED FOR SALE

48 Kings Ridge Rd Basking Ridge, NJ 07920

Estimated Value: $2,149,000 - $2,949,000

3.93 Acres
$644,036 Price per Acre
171,191 Sq Ft Lot

Last Sold August 12, 2020

Last sale price $585,000

Est. 314% increase in value since last sale

Current estimated payment $16,723/month

267 Days on Market

About This Lot

As of August 2020

This home is located at 48 Kings Ridge Rd, Basking Ridge, NJ 07920 since 24 September 2019 and is currently estimated at $2,531,060. 48 Kings Ridge Rd is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

Marie Young

COLDWELL BANKER REALTY Brokerage Phone: 908-766-0808 Listed on: 09/24/2019

COLDWELL BANKER REALTY

Last Buyer's Agent

BRANDON HOROWITZ

KELLER WILLIAMS TOWNE SQUARE REAL

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,355

Lot Details

  • 3.93 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$40,355

Lot Details

0

Listing Details

  • County Name: Somerset
  • I D: 4926428
  • Modified: 2021-09-23
  • Attribution Contact: 908-766-0808
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Total Acres: 3.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2021
Sold by
Horowitz & Frasher Llc
Bought by
Patel Akshay V and Patel Suniti
Current Estimated Value
$2,418,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,144,451
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$1,209,928

Purchase Details

Listed on
Sep 24, 2019
Closed on
Aug 12, 2020
Sold by
Sweet Pea Farms I Llc
Bought by
Horowitz & Frasher Llc
Seller's Agent
Marie Young
COLDWELL BANKER REALTY
Buyer's Agent
BRANDON HOROWITZ
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$649,000
Sold Price
$585,000
Premium/Discount to List
-$64,000
-9.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.26%
Original Mortgage
$1,438,750
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2014
Sold by
Maolucci Vincent J
Bought by
Sweet Pea Farms I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Patel Akshay V $2,197,535 Green Hill Title
Horowitz & Frasher Llc $585,000 Fidelity National Title Co
Sweet Pea Farms I Llc $312,500 Insight Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Akshay V $1,250,000
Previous Owner Horowitz & Frasher Llc $1,438,750
Previous Owner Sweet Pea Farms I Llc $250,000
Previous Owner Sweet Pea Farms I L L C $200,000
Previous Owner Sweet Pea Farms I Llc $2,300,000
Previous Owner Patel Akshay $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2020 08/12/20 Sold $585,000 -9.9% --
06/17/2020 06/17/20 Pending -- -- --
09/24/2019 09/24/19 For Sale $649,000 -- --
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 $40,355 $2,268,400 $428,800 $1,839,600
2023 $40,672 $2,156,500 $428,800 $1,727,700
2022 $42,068 $2,091,900 $458,300 $1,633,600
2021 $9,151 $577,700 $577,700 $0
2020 $12,097 $577,700 $577,700 $0
2019 $12,637 $621,300 $621,300 $0
2018 $12,936 $645,200 $645,200 $0
2017 $10,019 $503,700 $503,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Marie Young

    Seller's Agent in 2020

    Marie Young

    COLDWELL BANKER REALTY

    (908) 938-2525

    120 in this area

    156 Total Sales

    Section Image

  • B

    Buyer's Agent in 2020

    BRANDON HOROWITZ

    KELLER WILLIAMS TOWNE SQUARE REAL

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Map

Source: Garden State MLS

MLS Number: 3589877

Garden State MLS

APN: 02-11501-0000-00003-03

New Jersey Somerset County Basking Ridge 07920

48 Kings Ridge Rd, Basking Ridge, NJ

This home is located at 48 Kings Ridge Rd, Basking Ridge, NJ 07920 since 24 September 2019 and is currently estimated at $2,531,060. 48 Kings Ridge Rd is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

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