NOT LISTED FOR SALE

494 Lyons Rd Basking Ridge, NJ 07920

Estimated Value: $822,000 - $878,000

3 Beds
2.5 Baths
-- Sq Ft
0.65 Acres

Last Sold May 19, 2020

Last sale price $549,900

Est. 54% increase in value since last sale

Current estimated payment $5,555/month

39 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Jetted Tub in Primary Bathroom
  • Liberty Corner Elementary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of May 2020

Turn key turn of the century! Ground up renovation completed in 2007 deliver modern amenities to the charming colonial. Hardwood floors grace the first floor with brand new carpeting on the 2nd floor. Generous eat in kitchen updated with granite counter tops & all new SS appliances. Open floor plan from kitchen to living and dining room create seamless flow for entertaining. Second floor laundry provides extra convenience! Both sunroom and deck were added in 2009 to bring the outside in & to appreciate the private, level park like backyard. Home Warranty included provides no stress.

Last Agent to Sell the Property

CATHERINE FRATES

BHHS FOX & ROACH Listed on: 02/06/2020

Last Buyer's Agent

Donald Philhower

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,515

Year Built

  • Built in 1905

Lot Details

  • 0.65 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • Blinds
  • Entrance Foyer
  • Formal Dining Room
  • Sun or Florida Room
  • Unfinished Basement
  • French Drain

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Liberty C Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-07601-0000-00025-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,515

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1905
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: NY Yankee stadium seat in backyard
  • Renovated Year: 2007
  • Street Number Display: 494
  • Directions: Mt Airy Rd to Lyons Rd.
  • I D: 4937189
  • Modified: 2021-09-23
  • Number Images: 24
  • First Name: CATHERINE
  • First Name3: DONALD
  • Last Name: FRATES
  • Last Name3: PHILHOWER
  • Office Phone: 908-580-5000
  • Office Phone3: 908-295-3201
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2007

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Appliances: Dryer, Kitchen Exhaust Fan, Microwave Oven, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Blinds
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Jetted Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain, Unfinished
  • Dining Area: Living/Dining Combo
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 12x21
  • Kitchen Level: First
  • Living Room Dim: 13x16
  • Living Room Level: First
  • Other Room 1: Florida/3Season
  • Other Room1 Dim: 13x15
  • Other Room1 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Florida/3Season, Foyer, Kitchen, LivDinRm, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Phone: 908-580-5000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: 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: .65AC
  • Assessed Improvement Value: 203400
  • Assessed Land Value: 274100
  • Assessment: 477500
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 25
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.65

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9515
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-07601-0000-00025-0000-
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
May 11, 2020
Sold by
Morgan John and Morgan Julie
Bought by
David Maria and David Jimmy L
Seller's Agent
CATHERINE FRATES
BHHS FOX & ROACH
Buyer's Agent
Donald Philhower
COLDWELL BANKER REALTY
List Price
$549,000
Sold Price
$549,900
Premium/Discount to List
$900
0.16%
Current Estimated Value
$847,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,718
Avg. Annual Appreciation
8.15%
Original Mortgage
$439,920
Outstanding Balance
$391,532
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$439,403

Purchase Details

Listed on
May 10, 2013
Closed on
May 9, 2013
Sold by
Skolits Richard M
Bought by
Morgan John and Morgan Julie
Buyer's Agent
Debra Burke
COLDWELL BANKER REALTY
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
Original Mortgage
$356,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2007
Sold by
Fiorilli Joseph M and Fiorilli Carol A
Bought by
Skolits Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2005
Sold by
Abrams Alice M
Bought by
Fiorilli Joseph M and Fiorilli Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.84%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
David Maria $549,900 Acres Land Title Agency Llc
Morgan John $445,000 Fidelity National Title Ins
Skolits Richard M $517,500 Fidelity Natl Title Ins Co
Fiorilli Joseph M $390,000 --
Fiorilli Joseph M $390,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Maria $439,920
Previous Owner Morgan Joel $408,000
Previous Owner Morgan John $356,000
Previous Owner Skolits Richard M $414,000
Previous Owner Fiorilli Joseph M $292,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2020 05/19/20 Sold $549,900 +0.2% --
03/16/2020 03/16/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $549,000 +23.4% --
05/10/2013 05/10/13 Sold $445,000 -- --
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 $11,229 $631,200 $299,700 $331,500
2023 $10,861 $575,900 $281,700 $294,200
2022 $11,167 $555,300 $281,700 $273,600
2021 $10,729 $508,500 $268,200 $240,300
2020 $10,284 $491,100 $268,200 $222,900
2019 $9,712 $477,500 $274,100 $203,400
2018 $9,516 $474,600 $269,300 $205,300
2017 $9,235 $464,300 $257,400 $206,900
2016 $8,639 $442,800 $257,400 $185,400
2015 $8,720 $455,100 $266,400 $188,700
2014 $8,579 $443,600 $275,400 $168,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3614653

Garden State MLS

APN: 02-07601-0000-00025