NOT LISTED FOR SALE

7 Scotsmans Way Basking Ridge, NJ 07920

Estimated Value: $1,399,387 - $1,630,000

4 Beds
4 Baths
3,562 Sq Ft
$420/Sq Ft Est. Value

About This Home

This home is located at 7 Scotsmans Way, Basking Ridge, NJ 07920 and is currently estimated at $1,495,347, approximately $419 per square foot. 7 Scotsmans Way is a home located in Somerset County with nearby schools including Mount Prospect Elementary School, William Annin Middle School, and Ridge High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2025
Sold by
Chung Teddy P and Chen Sen
Bought by
Chung-Chen Revocable Trust and Chung
Current Estimated Value
$1,495,347

Purchase Details

Closed on
Apr 16, 1998
Sold by
Donnelly Gerald S
Bought by
Chung Teddy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
7.11%

Purchase Details

Closed on
Jul 17, 1996
Sold by
Bernards Chase Lp
Bought by
Donnelly Gerald and Donnelly Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
8.28%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chung-Chen Revocable Trust -- None Listed On Document
Chung-Chen Revocable Trust -- None Listed On Document
Chung Teddy P $585,000 --
Donnelly Gerald $552,192 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Teddy P $468,000
Previous Owner Donnelly Gerald $384,000
Source: Public Records

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 $22,252 $1,383,900 $452,300 $931,600
2024 $22,252 $1,250,800 $376,400 $874,400
2023 $21,663 $1,148,600 $376,400 $772,200
2022 $20,953 $1,041,900 $360,700 $681,200
2021 $20,632 $977,800 $360,700 $617,100
2020 $20,414 $974,900 $360,700 $614,200
2019 $19,707 $968,900 $360,700 $608,200
2018 $19,531 $974,100 $365,900 $608,200
2017 $20,528 $1,032,100 $394,400 $637,700
2016 $20,388 $1,045,000 $399,900 $645,100
2015 $20,402 $1,064,800 $410,900 $653,900
2014 $19,564 $1,011,600 $355,900 $655,700
Source: Public Records

Map

New Jersey Somerset County Basking Ridge 07920

7 Scotsmans Way, Basking Ridge, NJ

This home is located at 7 Scotsmans Way, Basking Ridge, NJ 07920 and is currently estimated at $1,495,347, approximately $419 per square foot. 7 Scotsmans Way is a home located in Somerset County with nearby schools including Mount Prospect Elementary School, William Annin Middle School, and Ridge High School.

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