7 Sullivan Dr Basking Ridge, NJ 07920
Estimated Value: $1,222,015 - $1,349,000
Studio
--
Bath
3,087
Sq Ft
$419/Sq Ft
Est. Value
About This Home
This home is located at 7 Sullivan Dr, Basking Ridge, NJ 07920 and is currently estimated at $1,293,504, approximately $419 per square foot. 7 Sullivan Dr 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
May 16, 2008
Sold by
Li Houshi and Li Xueqin
Bought by
Leung Paul N and Leung Alicia F
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 24, 2000
Sold by
Patriot Lp
Bought by
Houshi Li and Xueqin Li
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
8.31%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leung Paul N | $890,000 | None Available | |
| Houshi Li | $427,495 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Leung Paul N | $400,000 | |
| Previous Owner | Houshi Li | $320,000 |
Source: Public Records
Tax History Compared to Growth
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 | $18,076 | $1,166,900 | $394,800 | $772,100 |
| 2024 | $18,076 | $1,016,100 | $309,800 | $706,300 |
| 2023 | $17,957 | $952,100 | $309,800 | $642,300 |
| 2022 | $17,021 | $846,400 | $309,800 | $536,600 |
| 2021 | $17,203 | $815,300 | $329,800 | $485,500 |
| 2020 | $17,102 | $816,700 | $329,800 | $486,900 |
| 2019 | $16,585 | $815,400 | $320,700 | $494,700 |
| 2018 | $16,708 | $833,300 | $325,500 | $507,800 |
| 2017 | $16,879 | $848,600 | $335,000 | $513,600 |
| 2016 | $17,106 | $876,800 | $354,000 | $522,800 |
| 2015 | $17,556 | $916,300 | $387,600 | $528,700 |
| 2014 | $17,307 | $894,900 | $297,600 | $597,300 |
Source: Public Records
Map
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