NOT LISTED FOR SALE

7 Magnolia Path Basking Ridge, NJ 07920

Estimated Value: $584,000 - $641,000

2 Beds
2.5 Baths
-- Sq Ft
$513/mo HOA Fee

Last Sold January 21, 2021

Last sale price $440,000

Est. 41% increase in value since last sale

Current estimated payment $4,622/month

22 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Recreation Room
  • Liberty Corner Elementary School Rated A
  • Deck
  • Attic

About This Home

As of January 2021

Welcome home! Desirable & RARE C Model Duplex in The Cedars located on cul-de-sac! Step into this lovely duplex with high ceilings in living room. Bright and light as you enter with skylight. Laminate flooring through foyer & kitchen area. Cozy den has access out to deck, which connects along the back of the home with dining room access as well. Two spacious bedrooms on 2nd floor with each their own full bathroom w/ ceiling fans. Finished basement with rec room and bar area, plus extra storage space. UPDATES include: Hot water heater 2020, new driveway 2020, Generac generator & roof. Laundry located on 1st floor. Enjoy the amenities of The Cedars with pool, walking paths, tennis courts and more! Great location near transit, highways (287 & 78) and shopping! Top Rated Basking Ridge Schools.

Last Agent to Sell the Property

LISA VANHARA

KELLER WILLIAMS TOWNE SQUARE REAL Listed on: 11/19/2020

Last Buyer's Agent

NAVNEET SINGH

REALTYMARK SELECT

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,946

Year Built

  • Built in 1992

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $513 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Additional Parking

Home Design

  • Half Duplex
  • Composition Shingle Roof
  • Wood Siding
  • Tile

Interior Spaces

  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Storage Room
  • Finished Basement
  • Sump Pump
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Deck

Schools

  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09001-0000-00090-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,946

Year Built

Built in 1992

Lot Details

0

HOA Fees

$513 per month

Parking

1

Listing Details

  • Style: 1/2 Duplex, Duplex, Multi Floor Unit
  • Primary Style: 1/2 Duplex
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1992
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: Central Vac AS-IS. Pool table included.
  • Street Number Display: 7
  • Directions: Valley Road to the Cedars to Right on Arbor Circle to Rt. onto Magnolia
  • I D: 5033243
  • Modified: 2022-01-22
  • Number Images: 25
  • Section Subdiv Development: The Cedars
  • First Name: LISA
  • First Name3: NAVNEET
  • Last Name: VANHARA
  • Last Name3: SINGH
  • Office Phone: 908-766-0085
  • Office Phone3: 7325152997
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Generator-Built-In, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Blinds, High Ceilings, Security System, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 8
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Rec Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 13x10
  • Kitchen Level: First
  • Living Room Dim: 15x15
  • Living Room Level: First
  • Other Room 1: Foyer
  • Other Room1 Level: First
  • Other Room 2: Rec Room
  • Other Room2 Level: Basement
  • Level 1 Rooms: Den, Dining Room, Foyer, Kitchen, Laundry Room, Living Room, Powder Room
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-766-0085

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Deck, Underground Lawn Sprinkler
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 513
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: Common
  • Assessed Improvement Value: 217200
  • Assessed Land Value: 175000
  • Assessment: 392200
  • Easement: Unknown
  • Lot Description: Cul-De-Sac
  • Lot Identifier: 90
  • Lot I D Tax: *
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7946
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09001-0000-00090-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 16, 2021
Sold by
Chilson Marlene and Chilson Ronald T
Bought by
Kapoor Maninder S and Batra Aneet
Seller's Agent
LISA VANHARA
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
NAVNEET SINGH
REALTYMARK SELECT
List Price
$460,000
Sold Price
$440,000
Premium/Discount to List
-$20,000
-4.35%
Current Estimated Value
$621,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,943
Avg. Annual Appreciation
7.64%
Original Mortgage
$330,000
Outstanding Balance
$268,147
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$353,796
Source: Public Records

Range of Values:

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Average Value
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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
Kapoor Maninder S $440,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kapoor Maninder S $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2021 01/21/21 Sold $440,000 -2.1% --
12/14/2020 12/14/20 Pending -- -- --
12/03/2020 12/03/20 Price Changed $449,500 -2.3% --
11/21/2020 11/21/20 For Sale $460,000 -- --
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 $9,580 $565,300 $175,000 $390,300
2024 $9,580 $538,500 $175,000 $363,500
2023 $8,770 $465,000 $175,000 $290,000
2022 $8,702 $432,700 $175,000 $257,700
2021 $7,811 $401,500 $175,000 $226,500
2020 $8,213 $392,200 $175,000 $217,200
2019 $7,947 $390,700 $175,000 $215,700
2018 $7,932 $395,600 $175,000 $220,600
2017 $8,018 $403,100 $180,000 $223,100
2016 $7,820 $400,800 $180,000 $220,800
2015 $7,536 $393,300 $170,000 $223,300
2014 $7,193 $371,900 $170,000 $201,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3679494

Garden State MLS

APN: 02-09001-0000-00090