NOT LISTED FOR SALE

7 Springfield Ln Basking Ridge, NJ 07920

Estimated Value: $1,137,365 - $1,201,000

4 Beds
2.5 Baths
-- Sq Ft
$580/mo HOA Fee

Last Sold June 18, 2021

Last sale price $849,000

Est. 39% increase in value since last sale

Current estimated payment $8,525/month

36 Days on Market

Highlights

  • On Golf Course
  • Private Pool
  • Wood Flooring
  • Mount Prospect Elementary School Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of June 2021

Extraordinary end-unit townhome is completely renovated and backs up to lush green golf course! Spacious entry leads to inviting living room rich with natural light. Dining room provides elegant setting for special celebrations. Convenient first floor master, ensuite with updated bath, boasts high ceiling and bright reading nook. Luxurious white kitchen features quartz countertops, center island, and new stainless steel appliances. Enjoy panoramic views of golf course from eat-in-kitchen. There s a fluid open concept between kitchen and family room- where cathedral ceiling, wood burning fireplace, and entrance to back stone patio create splendid ambience for gatherings. Upstairs are three sizable bedrooms and versatile loft area, basement offers additional storage, and garage has outlet to charge car.

Last Listed By

MEGAN BONANNO

KL SOTHEBY'S INT'L. REALTY Listed on: 03/22/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,802

Year Built

  • Built in 1998

Lot Details

  • On Golf Course
  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Composition Shingle Roof
  • Tile

Interior Spaces

  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Loft
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub
  • Separate Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Mtprospect Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09902-0000-00050-0000-
  • Tax Block *

Community Details

Overview

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

Recreation

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

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,802

Year Built

Built in 1998

Lot Details

0

HOA Fees

$580 per month

Parking

2

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1998
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: Dining Room Chandelier, Washer & Dryer
  • Street Number Display: 7
  • Directions: Allen Rd. to Amherst Dr. left onto Witherspoon Ln. left onto Benedict Crescent left onto Dickinson Rd. right onto Springfield Ln.
  • I D: 5056804
  • Modified: 2022-06-19
  • Number Images: 25
  • Section Subdiv Development: Amherst Mews
  • First Name: MEGAN
  • First Name3: JAIME
  • Last Name: BONANNO
  • Last Name3: LUONGO
  • Office Phone3: 908-766-7500
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, Trash Compactor
  • Interior Amenities: Carbon Monoxide Detector, High Ceilings, Smoke Detector, Walk-In Closet
  • Number Rooms: 9
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 21x12
  • Kitchen Level: First
  • Living Room Dim: 17x14
  • Living Room Level: First
  • Other Room 1: Loft
  • Other Room1 Dim: 19x14
  • Other Room1 Level: Second
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath(s) Other, Loft
  • Level 3 Rooms: Attic
  • Phone: 908-696-8600

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Patio, Sidewalk, Underground Lawn Sprinkler
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 580
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal

Schools

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

Lot Info

  • Lot Size: .21AC
  • Assessed Improvement Value: 493000
  • Assessed Land Value: 309400
  • Assessment: 802400
  • Easement: Unknown
  • Lot Description: Backs to Golf Course, Cul-De-Sac
  • Lot Identifier: 50
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.21

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: 16802
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09902-0000-00050-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: MTPROSPECT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 7, 2021
Sold by
Kuo Richard and Chang Shirley
Bought by
Chan Siu Fung and Leung Hung Lin
Seller's Agent
MEGAN BONANNO
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
Jaime Luongo
WEICHERT REALTORS
List Price
$899,999
Sold Price
$849,000
Premium/Discount to List
-$50,999
-5.67%
Total Days on Market
36
Current Estimated Value
$1,176,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,341
Avg. Annual Appreciation
8.63%
Original Mortgage
$504,000
Outstanding Balance
$455,986
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$720,355

Purchase Details

Listed on
Jan 11, 2019
Closed on
Mar 26, 2019
Sold by
Marder Walter S and Estate Of Frederick R Marder
Bought by
Kuo Richard and Chang Shirley
Seller's Agent
MEGAN BONANNO
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
MEGAN BONANNO
KL SOTHEBY'S INT'L. REALTY
List Price
$830,000
Sold Price
$773,000
Premium/Discount to List
-$57,000
-6.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$579,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2010
Sold by
Mardev May R and Mardev Frederick R
Bought by
Mardev Frederick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 1998
Sold by
The Hills Devt
Bought by
Marder May and Marder Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.92%

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
Chan Siu Fung $849,000 Penn Land Transfer Company
Kuo Richard $773,000 Chicago Title Insurance Co
Mardev Frederick R -- None Available
Marder May $492,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Siu Fung $504,000
Previous Owner Kuo Richard $579,750
Previous Owner Marder Frederick R $240,000
Previous Owner Marder Frederick R $240,000
Previous Owner Marder Frederick R $24,000
Previous Owner Marder May $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $849,000 0.0% --
05/07/2021 05/07/21 Pending -- -- --
04/22/2021 04/22/21 Price Changed $849,000 -5.7% --
03/31/2021 03/31/21 For Sale $899,999 +16.4% --
03/29/2019 03/29/19 Sold $773,000 -6.9% --
02/22/2019 02/22/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $830,000 -- --
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
2024 $16,324 $917,600 $287,900 $629,700
2023 $16,757 $888,500 $301,600 $586,900
2022 $17,122 $851,400 $301,600 $549,800
2021 $16,785 $795,500 $303,900 $491,600
2020 $16,802 $802,400 $309,400 $493,000
2019 $16,357 $804,200 $309,400 $494,800
2018 $16,184 $807,200 $309,400 $497,800
2017 $16,173 $813,100 $309,400 $503,700
2016 $16,256 $833,200 $323,500 $509,700
2015 $16,298 $850,600 $335,000 $515,600
2014 $16,286 $842,100 $335,000 $507,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3699432

Garden State MLS

APN: 02-09902-0000-00050