NOT LISTED FOR SALE

7 Bernard Dr Basking Ridge, NJ 07920

Estimated Value: $1,405,000 - $1,639,000

0.83 Acre
$1,809,260 Price per Acre
36,155 Sq Ft Lot

Last Sold October 31, 2024

Last sale price $555,800

Est. 170% increase in value since last sale

Current estimated payment $10,075/month

184 Days on Market

Highlights

  • Wetlands on Lot
  • Corner Lot
  • Landscaped with Trees
  • Cedar Hill Elementary School Rated A

About This Lot

As of October 2024

Begin building your dream home on this exceptional parcel of land located in the prestigious Liberty Corner area of Basking Ridge. Why settle for someone else's design when you can create your masterpiece? This prime lot offers the perfect canvas for a luxurious single-family home, with ample space for a 4,000 to 8,000-square-foot residence. Assemble your team of experts and seize this amazing opportunity to construct a home that perfectly reflects your vision and lifestyle.

Last Listed By

Stewart Daniels

RE/MAX PINNACLE Listed on: 04/09/2024

RE/MAX PINNACLE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,798

Year Built

  • 1993

Lot Details

  • Lot Dimensions are 350.00 x 396.00
  • Property fronts a state road
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned R-3

Outdoor Features

  • Wetlands on Lot

Utilities

  • Well Required
  • Septic Needed

Property Details

Property Type

Land

Est. Annual Taxes

$7,798

Year Built

1993

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.0001
  • Lot Size: 350.00 x 396.00
  • Road Frontage Type: Town/City Street, State Road
  • Road Surface Type: Asphalt
  • Ownership: Fee Simple
  • ResoPropertyType: Land
  • Special Features: None
  • Year Built (Public Record): 1993

Exterior Features

  • Lot Features: No Land Improvements, Corner Lot, Level, Soil Study Available, Cleared, Wetlands
  • Topography: Level
  • Other Structures: None

Utilities

  • Sewer: Septic Needed
  • Utilities: Electricity Available, Natural Gas Available, None, Water Available
  • Water Source: In Street, Well Required

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3
  • Zoning: R-3

Tax Info

  • Tax Annual Amount: 7798
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 1996
Sold by
Dunn Larry
Bought by
Acosta Jorge and Acosta Ana
Total Days on Market
184
Current Estimated Value
$1,501,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
8.08%

Purchase Details

Closed on
Sep 8, 1993
Sold by
Sherbrooke Developers Inc
Bought by
Dunn Lawrence and Dunn Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.9%

Range of Values:

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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
Acosta Jorge $564,000 --
Dunn Lawrence $427,240 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Jorge E $350,000
Closed Acosta Jorge E $100,000
Closed Acosta Jorge $263,000
Previous Owner Dunn Lawrence $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $555,800 -1.8% --
10/17/2024 10/17/24 For Sale $565,900 0.0% --
10/13/2024 10/13/24 Off Market $565,900 -- --
09/10/2024 09/10/24 Price Changed $565,900 0.0% --
09/10/2024 09/10/24 For Sale $565,900 -5.7% --
08/18/2024 08/18/24 Off Market $599,900 -- --
04/09/2024 04/09/24 For Sale $599,900 -- --
Source: All Jersey 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 $20,989 $1,179,800 $369,900 $809,900
2023 $19,735 $1,046,400 $369,900 $676,500
2022 $19,965 $992,800 $365,400 $627,400
2021 $18,181 $861,900 $360,900 $501,000
2020 $18,117 $865,200 $360,900 $504,300
2019 $18,359 $902,600 $364,700 $537,900
2018 $19,444 $969,800 $364,700 $605,100
2017 $19,311 $970,900 $378,200 $592,700
2016 $19,727 $1,011,100 $378,200 $632,900
2015 $19,189 $1,001,500 $360,200 $641,300
2014 $19,247 $995,200 $346,700 $648,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2410566R

All Jersey MLS

APN: 02-08101-0000-00019