NOT LISTED FOR SALE

62 Alder Ln Basking Ridge, NJ 07920

Estimated Value: $1,128,000 - $1,152,000

4 Beds
4 Baths
2,358 Sq Ft
$482/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $998,000 $423 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,750/month

21 Days on Market

About This Home

As of July 2023

This home is located at 62 Alder Ln, Basking Ridge, NJ 07920 since 10 April 2023 and is currently estimated at $1,135,727, approximately $481 per square foot. This property was built in 1993. 62 Alder Ln is a home located in Somerset County with nearby schools including Mount Prospect Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

KELLY JU

REALMART REALTY Brokerage Phone: 888-362-6543 Listed on: 04/10/2023

Co-Listed By

Jing Ning

REALMART REALTY Brokerage Phone: 888-362-6543

Last Buyer's Agent

YUXIN HE

REALMART REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,701

Year Built

  • Built in 1993

Lot Details

  • 8,712 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,701

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Year Built: 1993
  • County Name: Somerset
  • Street Number Display: 62
  • I D: 5206929
  • Modified: 2024-07-08
  • Number Images: 1
  • Attribution Contact: 888-362-6543
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 3.10

Lot Info

  • Lot Size: 0.20AC
  • Total Acres: 0.20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jun 30, 2023
Sold by
Hsu Yanzhi and Hsu Jing
Bought by
Xie Songgu and Tang Ye
Seller's Agent
KELLY JU
REALMART REALTY
Buyer's Agent
YUXIN HE
REALMART REALTY
List Price
$899,000
Sold Price
$998,000
Premium/Discount to List
$99,000
11.01%
Total Days on Market
21
Views
65
Current Estimated Value
$1,135,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,727
Avg. Annual Appreciation
7.58%
Original Mortgage
$348,000
Outstanding Balance
$320,625
Interest Rate
6.18%
Mortgage Type
New Conventional
Estimated Equity
$826,020

Purchase Details

Closed on
Jun 18, 2010
Sold by
Corpening Charles L and Scheckman Leslee J
Bought by
Hsu Yanzhi and Chi Jing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,600
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 1999
Sold by
Levy Jerome
Bought by
Corpening Charles and Scheckman Leslee

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
7.73%
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
Xie Songgu $998,000 East Coast Title
Hsu Yanzhi $727,000 Multiple
Corpening Charles $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Songgu $348,000
Previous Owner Hsu Yanzhi $426,000
Previous Owner Hsu Yanzhi $426,000
Previous Owner Hsu Yanzhi $444,000
Previous Owner Hsu Yanzhi $530,000
Previous Owner Hsu Yanzhi $530,000
Previous Owner Hsu Yanzhi $540,000
Previous Owner Hsu Yanzhi $581,600
Previous Owner Corpening Charles $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $998,000 +11.0% $423 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $899,000 -- $381 / 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
2024 $16,701 $938,800 $301,000 $637,800
2023 $15,956 $846,000 $301,000 $545,000
2022 $15,758 $783,600 $296,000 $487,600
2021 $16,072 $761,700 $296,000 $465,700
2020 $15,889 $758,800 $296,000 $462,800
2019 $15,582 $766,100 $298,000 $468,100
2018 $15,360 $766,100 $298,000 $468,100
2017 $15,182 $763,300 $298,000 $465,300
2016 $15,364 $787,500 $298,000 $489,500
2015 $14,908 $778,100 $283,000 $495,100
2014 $14,138 $731,000 $283,000 $448,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3837464

Garden State MLS

APN: 02-09804-0000-00041