NOT LISTED FOR SALE

508 Lyons Rd Basking Ridge, NJ 07920

Estimated Value: $662,793 - $746,000

3 Beds
1 Bath
884 Sq Ft
$788/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2023

Last sale price $550,000 $622 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,540 / mo

22 Days on Market

About This Home

As of September 2023

This home is located at 508 Lyons Rd, Basking Ridge, NJ 07920 since 31 July 2023 and is currently estimated at $696,448, approximately $787 per square foot. This property was built in 1945. 508 Lyons Rd is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, Cedar Hill Elementary School, and William Annin Middle School.

Last Agent to Sell the Property

Michele Klug

KELLER WILLIAMS TOWNE SQUARE REAL Brokerage Phone: 908-766-0085 Listed on: 07/31/2023

KELLER WILLIAMS TOWNE SQUARE REAL

Last Buyer's Agent

Keriann Fry

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 23,958 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0.55 Acres

Listing Details

  • Year Built: 1945
  • County Name: Somerset
  • I D: 5234499
  • Attribution Contact: 908-766-0085
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: .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
Jul 31, 2023
Closed on
Sep 13, 2023
Sold by
Bought by
Seller's Agent
Michele Klug
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
Keriann Fry
COLDWELL BANKER REALTY
List Price
$588,000
Sold Price
$550,000
Premium/Discount to List
-$38,000
-6.46%
Views
85
Current Estimated Value
$696,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,448
Avg. Annual Appreciation
8.96%
Original Mortgage
$550,000
Outstanding Balance
$534,536
Interest Rate
7.12%
Mortgage Type
VA
Estimated Equity
$161,912

Purchase Details

Closed on
Apr 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.24%

Purchase Details

Closed on
Apr 23, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

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
$550,000 None Listed On Document
$400,000 None Available
$215,000 --
$160,000 --
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 $550,000
Previous Owner $160,000
Previous Owner $135,000
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
09/21/2023 09/21/23 Sold $550,000 -3.5% $622 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $570,000 -3.1% $645 / Sq Ft
07/31/2023 07/31/23 For Sale $588,000 -- $665 / Sq Ft
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
2025 $9,420 $561,000 $333,900 $227,100
2024 $9,420 $529,500 $297,900 $231,600
2023 $7,746 $410,700 $279,900 $130,800
2022 $7,951 $395,400 $279,900 $115,500
2021 $7,725 $366,100 $266,400 $99,700
2020 $7,616 $363,700 $266,400 $97,300
2019 $7,255 $356,700 $271,400 $85,300
2018 $6,993 $348,800 $265,300 $83,500
2017 $6,719 $337,800 $253,800 $84,000
2016 $6,614 $339,000 $253,800 $85,200
2015 $6,691 $349,200 $262,800 $86,400
2014 $6,574 $339,900 $271,800 $68,100
Source: Public Records

Agents Affiliated with this Home

  • Michele Klug

    Seller's Agent in 2023

    Michele Klug

    KELLER WILLIAMS TOWNE SQUARE REAL

    (908) 672-2055

    34 in this area

    671 Total Sales

    Michele Klug
    Section Image
  • Keriann Fry

    Buyer's Agent in 2023

    Keriann Fry

    COLDWELL BANKER REALTY

    (732) 397-7500

    1 in this area

    20 Total Sales

    Keriann Fry
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3857086

Garden State MLS

APN: 02-07601-0000-00021

New Jersey Somerset County Basking Ridge 07920

508 Lyons Rd, Basking Ridge, NJ

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