NOT LISTED FOR SALE

5 Vail Terrace Basking Ridge, NJ 07920

Estimated Value: $657,000 - $888,264

4 Beds
3 Baths
-- Sq Ft
0.92 Acres

Last Sold September 27, 2024

Last sale price $648,000

Est. 12% increase in value since last sale

Current estimated payment $4,791/month

56 Days on Market

About This Home

As of September 2024

This home is located at 5 Vail Terrace, Basking Ridge, NJ 07920 since 11 June 2024 and is currently estimated at $723,066. This property was built in 1963. 5 Vail Terrace is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

Chantal Konicek

BHHS FOX & ROACH Brokerage Phone: 908-580-5000 Listed on: 06/11/2024

BHHS FOX & ROACH

Last Buyer's Agent

Melissa Florance-Lynch

REALTY EXECUTIVES EXCEPTIONAL

REALTY EXECUTIVES EXCEPTIONAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,498

Year Built

  • Built in 1963

Lot Details

  • 0.92 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,498

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Year Built: 1963
  • County Name: Somerset
  • I D: 5293826
  • Attribution Contact: 908-580-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .92AC
  • Total Acres: 0.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 19, 2024
Sold by
Sumka James Michael and Sumka Erin M
Bought by
Matute Lisa
Seller's Agent
Chantal Konicek
BHHS FOX & ROACH
Buyer's Agent
Melissa Florance-Lynch
REALTY EXECUTIVES EXCEPTIONAL
List Price
$670,000
Sold Price
$648,000
Premium/Discount to List
-$22,000
-3.28%
Views
99
Current Estimated Value
$723,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,066
Avg. Annual Appreciation
11.58%
Original Mortgage
$518,400
Outstanding Balance
$512,562
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$210,504

Purchase Details

Closed on
Mar 11, 1998
Sold by
Brown Marion S
Bought by
James Michael Sumka and Sumka Erin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Matute Lisa $648,000 Reliant Title Agency
Matute Lisa $648,000 Reliant Title Agency
James Michael Sumka $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matute Lisa $518,400
Closed Matute Lisa $518,400
Previous Owner James Michael Sumka $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $648,000 -1.1% --
08/06/2024 08/06/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $655,000 -2.2% --
07/03/2024 07/03/24 For Sale $670,000 0.0% --
06/26/2024 06/26/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $670,000 -- --
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
2025 $11,498 $645,100 $357,700 $287,400
2024 $11,498 $646,300 $335,000 $311,300
2023 $11,427 $605,900 $335,000 $270,900
2022 $11,803 $586,900 $335,000 $251,900
2021 $10,877 $515,500 $318,000 $197,500
2020 $10,556 $504,100 $306,900 $197,200
2019 $10,308 $506,800 $306,900 $199,900
2018 $10,161 $506,800 $306,900 $199,900
2017 $9,895 $497,500 $306,900 $190,600
2016 $9,923 $508,600 $315,400 $193,200
2015 $10,279 $536,500 $321,400 $215,100
2014 $10,014 $517,800 $321,400 $196,400
Source: Public Records

Agents Affiliated with this Home

  • Chantal Konicek

    Seller's Agent in 2024

    Chantal Konicek

    BHHS FOX & ROACH

    (908) 612-0862

    47 in this area

    87 Total Sales

    Chantal Konicek
    Section Image
  • Melissa Florance-Lynch

    Buyer's Agent in 2024

    Melissa Florance-Lynch

    REALTY EXECUTIVES EXCEPTIONAL

    (973) 809-4401

    1 in this area

    65 Total Sales

    Melissa Florance-Lynch
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3907128

Garden State MLS

APN: 02-02501-0000-00032

New Jersey Somerset County Basking Ridge 07920

5 Vail Terrace, Basking Ridge, NJ

This home is located at 5 Vail Terrace, Basking Ridge, NJ 07920 since 11 June 2024 and is currently estimated at $723,066. This property was built in 1963. 5 Vail Terrace is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

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