Seller's Agent in 2022
Marie Young
COLDWELL BANKER REALTY
(908) 938-2525
102 in this area
129 Total Sales
58 Summit Dr Basking Ridge, NJ 07920
Estimated Value: $1,384,000 - $1,720,000
6
Beds
4.5
Baths
3,785
Sq Ft
$430/Sq Ft
Est. Value
Highlights
- Custom Home
- Deck
- Wooded Lot
- Cedar Hill Elementary School Rated A
- Recreation Room
- Cathedral Ceiling
About This Home
As of September 2022We are thrilled to present this stunning custom home on .64 acre with 6 bedrooms and 4.1 baths in sought after "The Summit" in Basking Ridge. This home is distinct in its appointments with a beautiful addition that affords extra and functional space on both levels, including five bedrooms and three full baths on the second level. From the moment you enter, the two-story foyer reveals the open yet defined floor plan, with an updated kitchen and breakfast room that opens to the family room with fireplace, and a beautiful mudroom with custom cubbies and slate flooring. Cherry wood flooring graces the living, dining and family rooms. The living room has a double height vaulted ceiling, with accompanying custom triple window. The kitchen has been completely remodeled, with off-white cabinetry, Wolf double oven and cooktop, GE Monogram refrigerator, and GE microwave. Step out to the generously-sized deck for morning coffee or gatherings, and enjoy tranquil views of the parklike yard. Upstairs, there is hardwood in four of the five bedrooms and hallway. The expanded primary suite has a tray ceiling, two walk-in closets, and a spa quality expanded bath. There are two additional guest baths, one en suite, that service the four additional bedrooms, plus laundry on this level. The basement has the 6th bedroom with full bath ensuite, a rec room, media area, and storage. Residents enjoy nationally ranked schools, town pool and parks, and easy access to all forms of transportation.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,171
Year Built
- Built in 1988 | Remodeled
Lot Details
- 27,878 Sq Ft Lot
- Open Lot
- Sprinkler System
- Wooded Lot
Parking
- 3 Car Attached Garage
- Inside Entrance
- Garage Door Opener
- Private Driveway
Home Design
- Custom Home
- Contemporary Architecture
- Asphalt Shingled Roof
- Vertical Siding
- Clapboard
- Tile
Interior Spaces
- 3,785 Sq Ft Home
- Cathedral Ceiling
- Skylights
- Gas Fireplace
- Thermal Windows
- Blinds
- Mud Room
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Breakfast Room
- Formal Dining Room
- Recreation Room
- Utility Room
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Oven
- Gas Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Stone
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Cedar Closet
- Walk-In Closet
- In-Law or Guest Suite
- Soaking Tub
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
Home Security
- Home Security System
- Storm Doors
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
Schools
- Cedar Hill Elementary School
- W Annin Middle School
- Ridge High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Underground Utilities
- Standard Electricity
- Water Tap or Transfer Fee
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2702-06501-0000-00005-0000-
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2022
Closed on
Aug 25, 2022
Sold by
Falvo Lesley F and Falvo Jeffrey J
Bought by
Bhattacharjee Rudra and Bhattacharjee Vani
Seller's Agent
Marie Young
COLDWELL BANKER REALTY
Buyer's Agent
Karen Gray
COLDWELL BANKER REALTY
List Price
$1,249,000
Sold Price
$1,331,000
Premium/Discount to List
$82,000
6.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,498
Avg. Annual Appreciation
5.63%
Original Mortgage
$963,600
Outstanding Balance
$919,691
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$707,807
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| Bhattacharjee Rudra | $1,331,000 | -- |
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 | Bhattacharjee Rudra | $963,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/07/2022 09/07/22 | Sold | $1,331,000 | +6.6% | $352 / Sq Ft |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $1,249,000 | -- | $330 / Sq Ft |
Source: Garden State MLS
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 | $23,086 | $1,389,400 | $466,000 | $923,400 |
| 2024 | $23,086 | $1,297,700 | $406,000 | $891,700 |
| 2023 | $22,328 | $1,183,900 | $406,000 | $777,900 |
| 2022 | $19,048 | $947,200 | $391,000 | $556,200 |
| 2021 | $18,036 | $854,800 | $372,400 | $482,400 |
| 2020 | $18,172 | $867,800 | $372,400 | $495,400 |
| 2019 | $18,082 | $889,000 | $372,400 | $516,600 |
| 2018 | $18,187 | $907,100 | $372,400 | $534,700 |
| 2017 | $18,603 | $935,300 | $372,400 | $562,900 |
| 2016 | $18,570 | $951,800 | $382,400 | $569,400 |
| 2015 | $18,873 | $985,000 | $382,400 | $602,600 |
| 2014 | $17,915 | $926,300 | $382,400 | $543,900 |
Source: Public Records
Agents Affiliated with this Home
-
Marie Young
-
Karen Gray
Buyer's Agent in 2022
Karen Gray
COLDWELL BANKER REALTY
(908) 507-3563
56 in this area
86 Total Sales
Map
Source: Garden State MLS
MLS Number: 3793754
APN: 02-06501-0000-00005
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