NOT LISTED FOR SALE

5 Independence Dr Basking Ridge, NJ 07920

Estimated Value: $1,850,000 - $2,104,000

4 Beds
4.5 Baths
4,981 Sq Ft
$396/Sq Ft Est. Value

Last Sold May 04, 2016

Last sale price $1,390,000 $279 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,980/month

10 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Colonial Architecture
  • Clubhouse
  • Mount Prospect Elementary School Rated A
  • Conservatory Room
  • Deck

About This Home

As of May 2016

Stunning brick colonial at desirable Independence Hill! Excellent condition and expansive floor plan. Move right into this spacious Savoy model featuring formal living and dining rooms, library and bright and sunny conservatory. The stunning 2 story family room with dramatic wall of windows and coffer ceilings opens to a chefs kitchen with stainless steel appliances and granite tops as well as to a covered deck with wood burning fireplace, skylights and outdoor kitchen. A true entertainers dream. A mudroom, wine room, and powder room complete this level. The second level boasts a master suite with spa bathroom which includes an over sized shower and radiant heat. 3 en suite bedrooms and laundry room complete the 2nd floor. Partially finished basement provides more space for recreation.

Last Agent to Sell the Property

SUSAN FAZIO

KELLER WILLIAMS TOWNE SQUARE REAL Listed on: 02/23/2016

Co-Listed By

ELAINE EDGE

KELLER WILLIAMS TOWNE SQUARE REAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,255

Year Built

  • Built in 1998

Lot Details

  • 0.48 Acre Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Paver Block

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Shingle Roof
  • Clapboard

Interior Spaces

  • 4,981 Sq Ft Home
  • High Ceiling
  • Skylights
  • Gas Fireplace
  • Shades
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Conservatory Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Mtprospect Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-10202-0000-00006-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,255

Year Built

Built in 1998

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built: 1998
  • County Name: Somerset
  • Exclusions: washer and dryer on 2nd floor, outdoor grill
  • Street Number Display: 5
  • Directions: Allen Rd to Independence Hill. Turn left on Independence Drive. First home on right.
  • I D: 4600252
  • Modified: 2021-09-23
  • Number Images: 19
  • Section Subdiv Development: Independence Hill
  • First Name: SUSAN
  • First Name2: ELAINE
  • First Name3: GAYLE
  • Last Name: FAZIO
  • Last Name2: EDGE
  • Last Name3: GARNER
  • Office Phone: 908-766-0085
  • Office Phone2: 908-766-0085
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Wood
  • Fireplace Description: Gas Fireplace, Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, OvnWElec, CookElec, Refrigerator, Instant Hot Water, Dishwasher, Self Cleaning Oven, Disposal, Microwave Oven
  • Interior Amenities: Skylight, High Ceilings, Smoke Detector, Window Treatments, Blinds, Security System, Carbon Monoxide Detector, Shades, Walk-In Closet
  • Number Rooms: 14
  • Bedrooms: 4
  • Master Bedroom Desc: Sitting Room, 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: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Full
  • Basement Level Rooms: Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Separate Dining Area, Pantry, Eat-In Kitchen
  • Kitchen Dim: 28x18
  • Kitchen Level: First
  • Living Room Dim: 20x16
  • Living Room Level: First
  • Other Room1 Dim: 15x13
  • Other Room1 Level: Second
  • Other Room2 Dim: 14x9
  • Other Room2 Level: Second
  • Other Room3 Dim: 14x9
  • Other Room3 Level: Second
  • Other Room 4: Conservatory
  • Other Room4 Dim: 30x14
  • Other Room4 Level: First
  • Level 1 Rooms: Breakfast Room, Foyer, Conservatory, Living Room, Pantry, Den, Family Room, Kitchen, Dining Room, Powder Room
  • Level 2 Rooms: Bath Main, 4 Or More Bedrooms, Bath(s) Other
  • Estimated Sq Ft: 4981
  • Phone: 908-766-0085

Exterior Features

  • Exterior Description: Brick, Clapboard
  • Exterior Features: Deck, Patio, Underground Lawn Sprinkler, Curbs
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Paver Block

Utilities

  • Cooling: Central Air, 3 Units
  • Fuel Type: Electric, Gas-Natural
  • Heating: 3 Units, Multi-Zone, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Jogging/Biking Path, Tennis Courts
  • Association Maintenance Fee: 33
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area

Schools

  • Elementary School: MTPROSPECT
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: 0.48AC
  • Assessed Improvement Value: 1016800
  • Assessed Land Value: 405700
  • Assessment: 1422500
  • Easement: Unknown
  • Lot Description: Wooded Lot, Level Lot
  • Lot Identifier: 6
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.48
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 27255
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-10202-0000-00006-0000-
  • Tax Rate Amount: 1.916
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: MTPROSPECT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2025
Sold by
Kalra Sandeep K
Bought by
Sandeep Kalra Family Trust and Menon
Current Estimated Value
$1,970,156

Purchase Details

Listed on
Feb 23, 2016
Closed on
May 4, 2016
Sold by
Schmidt Arlin and Schmidt Stephanie
Bought by
Kalra Sandeep K and Menon Jyotika
Seller's Agent
SUSAN FAZIO
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$1,399,000
Sold Price
$1,390,000
Premium/Discount to List
-$9,000
-0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$625,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2002
Sold by
Closing Primacy
Bought by
Schmidt Arlin and Schmidt Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.08%

Purchase Details

Closed on
Oct 9, 1998
Sold by
Hill Independence
Bought by
Melton Gregory and Melton Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Interest Rate
6.8%
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
Sandeep Kalra Family Trust -- None Listed On Document
Kalra Sandeep K -- None Listed On Document
Kalra Sandeep K -- None Listed On Document
Kalra Sandeep K $1,390,000 Chicago Title Insurance Co
Schmidt Arlin $1,100,000 --
Melton Gregory $870,275 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kalra Sandeep K $625,000
Previous Owner Schmidt Arlin $690,000
Previous Owner Schmidt Stephanie $750,000
Previous Owner Schmidt Stephanie $781,000
Previous Owner Schmidt Arlin K $199,999
Previous Owner Schmidt Arlin $650,000
Previous Owner Melton Gregory $652,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2016 05/04/16 Sold $1,390,000 -0.6% $279 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $1,399,000 -- $281 / Sq Ft
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 $26,795 $1,506,200 $377,500 $1,128,700
2023 $26,645 $1,412,800 $377,500 $1,035,300
2022 $26,921 $1,338,700 $377,500 $961,200
2021 $25,983 $1,231,400 $363,300 $868,100
2020 $27,406 $1,308,800 $363,300 $945,500
2019 $27,797 $1,366,600 $363,300 $1,003,300
2018 $27,635 $1,378,300 $367,200 $1,011,100
2017 $26,575 $1,336,100 $367,200 $968,900
2016 $26,477 $1,357,100 $381,800 $975,300
2015 $27,255 $1,422,500 $405,700 $1,016,800
2014 $27,120 $1,402,300 $405,700 $996,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    SUSAN FAZIO

    KELLER WILLIAMS TOWNE SQUARE REAL

  • E

    Seller Co-Listing Agent in 2016

    ELAINE EDGE

    KELLER WILLIAMS TOWNE SQUARE REAL

See All Agents

Map

Source: Garden State MLS

MLS Number: 3283888

Garden State MLS

APN: 02-10202-0000-00006

New Jersey Somerset County Basking Ridge 07920

5 Independence Dr, Basking Ridge, NJ

This home is located at 5 Independence Dr, Basking Ridge, NJ 07920 since 23 February 2016 and is currently estimated at $1,970,156, approximately $395 per square foot. This property was built in 1998. 5 Independence Dr is a home located in Somerset County with nearby schools including Mount Prospect Elementary School, William Annin Middle School, and Ridge High School.

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