NOT LISTED FOR SALE

54 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $816,000 - $881,412

3 Beds
3 Baths
1,223 Sq Ft
$688/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $725,000 $593 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,467/month

53 Days on Market

About This Home

As of July 2023

This home is located at 54 Spencer Rd, Basking Ridge, NJ 07920 since 15 May 2023 and is currently estimated at $840,853, approximately $687 per square foot. This property was built in 1950. 54 Spencer Rd 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

THOMAS GOODRICH

WEICHERT REALTORS Brokerage Phone: 908-766-7500 Listed on: 05/15/2023

Last Buyer's Agent

Laura Hubert

RE/MAX COMPETITIVE EDGE

RE/MAX COMPETITIVE EDGE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,848

Year Built

  • Built in 1950

Lot Details

  • 0.57 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,848

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • County Name: Somerset
  • Street Number Display: 54
  • I D: 5221138
  • Modified: 2024-07-29
  • Number Images: 1
  • Attribution Contact: 908-766-7500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 3.00

Lot Info

  • Lot Size: .57AC
  • Total Acres: 0.57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jul 26, 2023
Sold by
Chen Harold Jun-Hui and Bright Mei
Bought by
Mihalik Michael J and Mihalik Gina M
Seller's Agent
THOMAS GOODRICH
WEICHERT REALTORS
Buyer's Agent
Laura Hubert
RE/MAX COMPETITIVE EDGE
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Views
404
Current Estimated Value
$840,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,853
Avg. Annual Appreciation
7.17%
Original Mortgage
$663,918
Outstanding Balance
$647,539
Interest Rate
6.38%
Mortgage Type
FHA
Estimated Equity
$193,314

Purchase Details

Closed on
Nov 29, 2006
Sold by
Donohoe Steven Douglas
Bought by
Chen Harold Jun Hui and Lin Bright Mel Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2006
Sold by
Cirelli Lawrence
Bought by
Donohoe Steven Douglas and Donohoe Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,800
Interest Rate
6.26%

Purchase Details

Closed on
Jul 7, 1998
Sold by
Colbertaldo Francesco W
Bought by
Cirelli Lawrence and Cirelli Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
7.02%

Purchase Details

Closed on
Mar 21, 1994
Sold by
Krienke Douglas
Bought by
Colbertaldo Francesco and Colbertaldo Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.27%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mihalik Michael J $725,000 Foundation Title
Chen Harold Jun Hui $530,000 --
Chen Harold Jun Hui $530,000 Fidelity Naitonal Title Ins
Donohoe Steven Douglas $471,000 --
Cirelli Lawrence $224,000 --
Colbertaldo Francesco $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mihalik Michael J $663,918
Previous Owner Chen Harold Junhui $345,300
Previous Owner Chen Harold Junhui $345,300
Previous Owner Chen Harold Jun Hui $350,000
Previous Owner Chen Jun Hui $88,718
Previous Owner Chen Harold Jun Hui $367,200
Previous Owner Chen Harold Jun Hui $391,829
Previous Owner Chen Jun Hui $410,000
Previous Owner Chen Harold Jun Hui $417,000
Previous Owner Donohoe Steven Douglas $376,800
Previous Owner Cirelli Lawrence $179,000
Previous Owner Colbertaldo Francesco $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $725,000 -3.2% $593 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $749,000 -- $612 / 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
2025 $11,848 $721,800 $381,300 $340,500
2024 $11,848 $666,000 $357,600 $308,400
2023 $10,799 $572,600 $343,300 $229,300
2022 $11,131 $553,500 $329,100 $224,400
2021 $10,987 $520,700 $329,100 $191,600
2020 $10,294 $491,600 $312,400 $179,200
2019 $10,013 $492,300 $312,400 $179,900
2018 $9,211 $459,400 $312,400 $147,000
2017 $9,100 $457,500 $307,900 $149,600
2016 $8,959 $459,200 $307,900 $151,300
2015 $9,141 $473,100 $317,500 $155,600
2014 $8,608 $445,100 $313,000 $132,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    THOMAS GOODRICH

    WEICHERT REALTORS

  • Laura Hubert

    Buyer's Agent in 2023

    Laura Hubert

    RE/MAX

    (201) 923-9075

    26 in this area

    44 Total Sales

    Laura Hubert
    Section Image
  • Gina Rossomondo

    Buyer Co-Listing Agent in 2023

    Gina Rossomondo

    RE/MAX

    (908) 385-4433

    26 in this area

    43 Total Sales

    Gina Rossomondo
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3843826

Garden State MLS

APN: 02-01806-0000-00014

New Jersey Somerset County Basking Ridge 07920

54 Spencer Rd, Basking Ridge, NJ

This home is located at 54 Spencer Rd, Basking Ridge, NJ 07920 since 15 May 2023 and is currently estimated at $840,853, approximately $687 per square foot. This property was built in 1950. 54 Spencer Rd is a home located in Somerset County with nearby schools including Oak Street Elementary School, William Annin Middle School, and Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes