NOT LISTED FOR SALE

55 Lake Rd Basking Ridge, NJ 07920

Estimated Value: $974,000 - $1,119,858

4 Beds
3 Baths
1,046 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $730,000 $698 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,741/month

54 Days on Market

About This Home

As of March 2022

This home is located at 55 Lake Rd, Basking Ridge, NJ 07920 since 12 November 2021 and is currently estimated at $1,055,465, approximately $1,009 per square foot. This property was built in 1965. 55 Lake 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

Elliot Smego

NEST SEEKERS NEW JERSEY LLC Brokerage Phone: 908-386-5542 Listed on: 11/12/2021

NEST SEEKERS NEW JERSEY LLC

Last Buyer's Agent

EUNICE PROSPER

KELLER WILLIAMS METROPOLITAN

KELLER WILLIAMS METROPOLITAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,417

Year Built

  • Built in 1965

Lot Details

  • 1.78 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,417

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • County Name: Somerset
  • Street Number Display: 55
  • I D: 5115433
  • Modified: 2025-07-21
  • Number Images: 1
  • Attribution Contact: 908-386-5542
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 1.78AC
  • Total Acres: 1.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Feb 22, 2022
Sold by
Bracaglia Jr John F and Bracaglia Deborah J
Bought by
Ramalbosa Dempsey and Ramalhosa Alizea
Seller's Agent
Elliot Smego
NEST SEEKERS NEW JERSEY LLC
Buyer's Agent
EUNICE PROSPER
KELLER WILLIAMS METROPOLITAN
List Price
$729,000
Sold Price
$730,000
Premium/Discount to List
$1,000
0.14%
Current Estimated Value
$1,055,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,465
Avg. Annual Appreciation
10.94%
Original Mortgage
$746,790
Outstanding Balance
$695,910
Interest Rate
3.69%
Mortgage Type
VA
Estimated Equity
$359,555

Purchase Details

Closed on
May 7, 1994
Sold by
Deangelis Joseph
Bought by
Bracaglia John and Bracaglia Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
8.25%
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Ramalbosa Dempsey $730,000 Land Title Services
Bracaglia John $379,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramalbosa Dempsey $746,790
Previous Owner Bracaglia John F $25,000
Previous Owner Bracaglia John F $360,000
Previous Owner Bracaglia John F $347,000
Previous Owner Bracaglia John F $341,681
Previous Owner Bracaglia John F $345,000
Previous Owner Bracaglia John $239,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $730,000 0.0% $698 / Sq Ft
01/05/2022 01/05/22 Pending -- -- --
12/20/2021 12/20/21 Off Market $730,000 -- --
11/12/2021 11/12/21 For Sale $729,000 -- $697 / 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 $13,417 $863,100 $395,600 $467,500
2024 $13,417 $754,200 $364,100 $390,100
2023 $13,357 $708,200 $364,100 $344,100
2022 $13,530 $672,800 $364,100 $308,700
2021 $13,909 $659,200 $364,100 $295,100
2020 $13,504 $644,900 $369,300 $275,600
2019 $13,477 $662,600 $369,300 $293,300
2018 $13,233 $660,000 $376,500 $283,500
2017 $12,960 $651,600 $376,500 $275,100
2016 $12,545 $643,000 $376,500 $266,500
2015 $12,239 $638,800 $367,500 $271,300
2014 $11,505 $594,900 $363,400 $231,500
Source: Public Records

Agents Affiliated with this Home

  • Elliot Smego

    Seller's Agent in 2022

    Elliot Smego

    NEST SEEKERS NEW JERSEY LLC

    (787) 245-1677

    1 in this area

    51 Total Sales

    Elliot Smego
    Section Image
  • EUNICE PROSPER

    Buyer's Agent in 2022

    EUNICE PROSPER

    KELLER WILLIAMS METROPOLITAN

    1 in this area

    24 Total Sales

    EUNICE PROSPER
    Section Image
  • Emily Frisch

    Buyer Co-Listing Agent in 2022

    Emily Frisch

    WEICHERT REALTORS

    (973) 879-2900

    9 in this area

    130 Total Sales

    Emily Frisch
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3751648

Garden State MLS

APN: 02-02701-0000-00019

New Jersey Somerset County Basking Ridge 07920

55 Lake Rd, Basking Ridge, NJ

This home is located at 55 Lake Rd, Basking Ridge, NJ 07920 since 12 November 2021 and is currently estimated at $1,055,465, approximately $1,009 per square foot. This property was built in 1965. 55 Lake Rd 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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