NOT LISTED FOR SALE

75 Summit Dr Basking Ridge, NJ 07920

Estimated Value: $1,503,601 - $1,651,000

6 Beds
3 Baths
-- Sq Ft
0.62 Acres

Last Sold May 04, 2012

Last sale price $968,000

Est. 64% increase in value since last sale

Current estimated payment $10,453/month

About This Home

As of May 2012

This home is located at 75 Summit Dr, Basking Ridge, NJ 07920 since 04 May 2012 and is currently estimated at $1,573,650. 75 Summit Dr is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

CATHERINE FRATES

BHHS FOX & ROACH Brokerage Phone: 908-580-5000 Listed on: 05/04/2012

Last Buyer's Agent

ANTOINETTE SCHIELEIN

CALLAWAY HENDERSON SOTHEBY'S IR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,280

Lot Details

  • 0.62 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,280

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 75
  • I D: 4197678
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 908-580-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 0.62AC
  • Total Acres: 0.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2012
Closed on
May 4, 2012
Sold by
Musselman David M and Musselman Elaine A
Bought by
Sheng Hao and Yao Ying
Seller's Agent
CATHERINE FRATES
BHHS FOX & ROACH
Buyer's Agent
ANTOINETTE SCHIELEIN
CALLAWAY HENDERSON SOTHEBY'S IR
Sold Price
$968,000
Current Estimated Value
$1,585,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,359
Avg. Annual Appreciation
3.61%
Original Mortgage
$600,000
Outstanding Balance
$415,285
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,133,932

Purchase Details

Closed on
May 24, 1999
Sold by
Latchford Anthony
Bought by
Musselman David and Musselman Elaine

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
6.9%

Purchase Details

Closed on
Jun 24, 1996
Sold by
Pollare Thomas
Bought by
Latchford Anthony and Latchford Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
8.37%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Sheng Hao $968,000 None Available
Musselman David $615,000 --
Latchford Anthony $520,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheng Hao $600,000
Previous Owner Musselman David $400,000
Previous Owner Latchford Anthony $416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2012 05/04/12 Sold $968,000 -- --
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 $21,280 $1,196,200 $405,800 $790,400
2023 $20,418 $1,082,600 $405,800 $676,800
2022 $19,623 $975,800 $390,800 $585,000
2021 $18,211 $863,100 $372,100 $491,000
2020 $18,511 $884,000 $372,100 $511,900
2019 $18,668 $917,800 $372,100 $545,700
2018 $19,076 $951,400 $372,100 $579,300
2017 $19,777 $994,300 $372,100 $622,200
2016 $20,035 $1,026,900 $382,100 $644,800
2015 $19,614 $1,023,700 $382,100 $641,600
2014 $18,758 $969,900 $382,100 $587,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    CATHERINE FRATES

    BHHS FOX & ROACH

  • A

    Buyer's Agent in 2012

    ANTOINETTE SCHIELEIN

    CALLAWAY HENDERSON SOTHEBY'S IR

See All Agents

Map

Source: Garden State MLS

MLS Number: 2908778

Garden State MLS

APN: 02-06801-0000-00011

New Jersey Somerset County Basking Ridge 07920

75 Summit Dr, Basking Ridge, NJ

This home is located at 75 Summit Dr, Basking Ridge, NJ 07920 since 04 May 2012 and is currently estimated at $1,573,650. 75 Summit Dr is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

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