NOT LISTED FOR SALE

85 Spencer Rd Basking Ridge, NJ 07920

Estimated Value: $746,000 - $1,146,000

3 Beds
1.5 Baths
1,038 Sq Ft
$888/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $550,000 $530 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,203/month

7 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Formal Dining Room
  • Oak Street Elementary School Rated A
  • Attic
  • Enclosed patio or porch

About This Home

As of July 2022

Desirable location blocks away from schools, shopping, train, and town center. Well maintained ranch for those seeking one floor living. Enter through the foyer to the freshly painted living room with hardwood flooring underneath the carpet and rear hallway. The home has a spacious kitchen area as well as 3 bedrooms, a full bath and powder room. The full basement offers many possibilities for additional living space. Extra storage space is available in the full sized attic with pull down stairs. The home is complete with a two-car garage. A generator hook up outlet is also available. At the back of the home is a large enclosed porch which overlooks the private backyard. The property also has great potential for a possible second floor expansion. Many of the original ranches on this street have been expanded with a second level. Conveniently located near major highways such as Rt 287 and 78. Close access to NJ Transit rail and bus service to NYC.

Last Listed By

Cheryl Maddaluna

KELLER WILLIAMS TOWNE SQUARE REAL Listed on: 05/22/2022

KELLER WILLIAMS TOWNE SQUARE REAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,090

Year Built

  • Built in 1951

Lot Details

  • 0.69 Acre Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Inside Entrance

Home Design

  • Ranch Style House
  • Vinyl Siding
  • Tile

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Sump Pump

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed patio or porch
  • Storage Shed

Schools

  • Oak St Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Generator Hookup
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-01902-0000-00005-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,090

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1951
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 85
  • Directions: West Oak to Spencer or Lake to Spencer
  • I D: 5152544
  • Modified: 2023-07-15
  • Number Images: 34
  • First Name: CHERYL
  • First Name3: CHERYL
  • Last Name: MADDALUNA
  • Last Name3: MADDALUNA
  • Office Phone: 908-766-0085
  • Office Phone3: 908-766-0085
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Floor Number: 1
  • Appliances: Carbon Monoxide Detector, CookElec, Dishwasher, Dryer, Generator-Hookup, Range/Oven-Electric, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 3
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: Laundry Room
  • Dining Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 17x10
  • Kitchen Level: First
  • Living Room Dim: 17x12
  • Living Room Level: First
  • Other Room 1: Screened Patio/Porch
  • Other Room1 Dim: 13x11
  • Other Room1 Level: First
  • Other Room2 Dim: 31x22
  • Other Room2 Level: Basement
  • Level 1 Rooms: 3 Bedrooms, Attic, Bath Main, Dining Room, Foyer, GarEnter, Kitchen, Living Room, Powder Room, Screened

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Enclosed Porch(es), Storage Shed, Storm Door(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, InEntrnc
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

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

Schools

  • Elementary School: OAK ST
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: .69AC
  • Assessed Improvement Value: 140600
  • Assessed Land Value: 382300
  • Assessment: 522900
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 5
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.69

Rental Info

  • Pets Allowed: CatsOK, DogsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10090
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-01902-0000-00005-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: OAK ST

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2022
Closed on
Jul 13, 2022
Sold by
Richard Hall
Bought by
Capriglione Vincenzo and Capriglione Samantha
Seller's Agent
Cheryl Maddaluna
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
Cheryl Maddaluna
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$559,000
Sold Price
$550,000
Premium/Discount to List
-$9,000
-1.61%
Total Days on Market
7
Current Estimated Value
$921,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,696
Avg. Annual Appreciation
20.77%
Original Mortgage
$522,500
Outstanding Balance
$504,411
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$432,060

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
Capriglione Vincenzo $550,000 Bisogno Vincent T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capriglione Vincenzo $522,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $550,000 -1.6% $530 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $559,000 -- $539 / Sq Ft
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 $13,111 $737,000 $382,300 $354,700
2023 $10,067 $533,800 $382,300 $151,500
2022 $10,516 $522,900 $382,300 $140,600
2021 $9,817 $511,700 $382,300 $129,400
2020 $10,340 $493,800 $379,200 $114,600
2019 $10,078 $495,500 $379,200 $116,300
2018 $9,899 $493,700 $382,600 $111,100
2017 $9,820 $493,700 $382,600 $111,100
2016 $9,351 $479,300 $382,600 $96,700
2015 $8,742 $469,300 $372,600 $96,700
2014 $7,933 $423,100 $330,700 $92,400
Source: Public Records

Agents Affiliated with this Home

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Source: Garden State MLS

MLS Number: 3784070

Garden State MLS

APN: 02-01902-0000-00005