NOT LISTED FOR SALE

Estimated Value: $1,474,667

5 Beds
3 Baths
-- Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: September 22, 2023

Last sale price $1,200,000

Est. 23% increase in value since last sale

Current estimated payment $9,824 / mo

11 Days on Market

About This Home

As of September 2023

This home is located at 48 Summit Dr, Basking Ridge, NJ 07920 since 03 August 2023 and is currently priced at $1,474,667. This property was built in 1989. 48 Summit Dr is a home located in Somerset County.

Last Agent to Sell the Property

MINDY ZHANG

REALMART REALTY Brokerage Phone: 888-362-6543 Listed on: 08/03/2023

Last Buyer's Agent

KELLY JU

REALMART REALTY

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1989

Lot Details

  • 23,958 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1989

Lot Details

0.55 Acres

Listing Details

  • Year Built: 1989
  • County Name: Somerset
  • I D: 5236785
  • Attribution Contact: 888-362-6543
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 0.55AC
  • Total Acres: 0.55

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 17, 2023
Sold by
Bought by
Seller's Agent
MINDY ZHANG
REALMART REALTY
Buyer's Agent
KELLY JU
REALMART REALTY
List Price
$1,145,000
Sold Price
$1,200,000
Premium/Discount to List
$55,000
4.8%
Views
21
Current Estimated Value
$1,474,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,667
Avg. Annual Appreciation
7.45%
Original Mortgage
$727,000
Outstanding Balance
$669,059
Interest Rate
1%
Mortgage Type
New Conventional
Estimated Equity
$805,608

Purchase Details

Listed on
Jun 23, 2014
Closed on
Jun 23, 2014
Sold by
Bought by
Buyer's Agent
MINDY ZHANG
REALMART REALTY
Sold Price
$963,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Original Mortgage
$530,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,200,000 None Listed On Document
$963,000 Quality Title & Abstract Age
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $727,000
Previous Owner $530,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $1,200,000 +4.8% --
08/18/2023 08/18/23 Pending -- -- --
08/06/2023 08/06/23 For Sale $1,145,000 +18.9% --
06/23/2014 06/23/14 Sold $963,000 -- -- View Prior Sale
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $20,725 $1,355,700 $478,800 $876,900
2025 $20,745 $1,227,800 $463,800 $764,000
2024 $20,745 $1,166,100 $403,800 $762,300
2023 $21,133 $1,120,500 $403,800 $716,700
2022 $20,132 $1,001,100 $388,800 $612,300
2021 $18,142 $859,800 $369,300 $490,500
2020 $18,209 $869,600 $369,300 $500,300
2019 $18,097 $889,700 $369,300 $520,400
2018 $18,490 $922,200 $369,300 $552,900
2017 $18,370 $923,600 $369,300 $554,300
2016 $18,343 $940,200 $379,300 $560,900
2015 $17,516 $914,200 $379,300 $534,900
2014 $16,516 $854,000 $379,300 $474,700
Source: Public Records

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Map

Source: Garden State MLS

MLS Number: 3857878

Garden State MLS

APN: 02-06501-0000-00007

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