NOT LISTED FOR SALE

996 Magnolia Dr Basking Ridge, NJ 07920

Martinsville Neighborhood

Estimated Value: $930,000 - $1,300,000

5 Beds
4.5 Baths
1,799 Sq Ft
$631/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $950,000 $528 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,523/month

100 Days on Market

Highlights

  • Custom Home
  • Lake Privileges
  • Clubhouse
  • Hamilton Primary School Rated A
  • Mountain View
  • Deck

About This Home

As of October 2020

Unique Gorgeous One-of-a-Kind Luxury Home! Tons of Hi-end upgrades.Custom Design & Master Craftsmanship. 4-Car Garage, 2-Stry Fam Rm, Luxury Kitchen, Pantry, Jenn-Air Applncs. Lake Area. Good Schools. Looking for something different? Amazing Mountain Setting in quiet Lake Community (optional lake assoc. privileges- beach, swimming, ice skating, fishing, parties & more!) Spectacular finishes- sparkle quartz, cracked glass tile backsplsh, imported Italian porcelain tile. Master Suite: WIC w premium closet system, Spa-like Master Bath retreat- gleaming glass tile, sleek free-standing tub w elegant waterfall faucet; grand luxury Shower - rain showerhead, custom niche & bench. Finished Basement has Kitchenette, Bath & Rec Rm. Near highways. LOVE THIS LIFESTYLE- quiet & peaceful, yet has modern suburb conveniences.

Last Agent to Sell the Property

Louis Larosa

RE/MAX PREMIER Listed on: 06/01/2020

RE/MAX PREMIER

Last Buyer's Agent

TODD KOLLER

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,196

Year Built

  • Built in 2018

Lot Details

  • 0.67 Acre Lot

HOA Fees

  • $56 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Inside Entrance
  • Garage Door Opener
  • Private Driveway
  • Parking Lot

Home Design

  • Custom Home
  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding
  • Tile

Interior Spaces

  • Dry Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Recreation Room
  • Game Room
  • Utility Room
  • Laundry Room
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • In-Law or Guest Suite
  • Soaking Tub
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Front Basement Entry
  • Sump Pump

Outdoor Features

  • Lake Privileges
  • Deck
  • Porch

Schools

  • Hamilton Elementary School
  • Hillside Middle School
  • Bridg-Rar High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Cooling Systems Mounted To A Wall/Window
  • Electric Air Filter
  • Multiple Heating Units
  • Standard Electricity
  • Well
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2706-00610-0000-00003-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area
  • $33 Other Monthly Fees

Amenities

  • Clubhouse

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,196

Year Built

Built in 2018

Lot Details

0

HOA Fees

$56 per month

Parking

4

Listing Details

  • Style: Colonial, Custom Home
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built: 2018
  • Year Built Description: Standing
  • County Name: Somerset
  • Street Number Display: 996
  • Directions: Washington Valley Rd to Coriell, after lake Lft on S Shore Dr, Rt on Birch Dr (driveway on Birch just past Magnolia Dr) GPS-use Basking Ridge address
  • I D: 4985946
  • Modified: 2021-10-10
  • Number Images: 25
  • Section Subdiv Development: Sunset Lake
  • First Name: LOUIS
  • First Name3: TODD
  • Last Name: LAROSA
  • Last Name3: KOLLER
  • Office Phone3: 908-526-5444
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: CookGas, Dishwasher, Disposal, Jennaire Type, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, OvnWGas
  • Interior Amenities: Bar-Dry, Cathedral Ceiling, High Ceilings, SoakTub, Walk-In Closet
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Bath Main, GameRoom, Inside Entrance, Kitchen, Rec Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath, SepEnter
  • Kitchen Area: Center Island, Eat-In Kitchen, Pantry
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bedroom/Office
  • Other Room1 Level: Second
  • Other Room 2: Rec Room
  • Other Room2 Level: Basement
  • Other Room 3: MudRoom
  • Other Room3 Level: First
  • Other Room 4: Laundry Room
  • Other Room4 Level: Second
  • Level 1 Rooms: Breakfast Room, Dining Room, Entrance Vestibule, Family Room, Foyer, Kitchen, Living Room, MudRoom, Pantry, Porch, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Phone: 908-754-1500

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Exterior Features: Deck, Open Porch(es)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, Oversize Garage, Separate Location
  • Number Garage Spaces: 4
  • Parking Driveway Description: 2 Car Width, Blacktop, Driveway-Exclusive, Parking Lot-Shared

Utilities

  • Cooling: 2 Units, Central Air, Elec Air Filter, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: Electric, Gas-Natural
  • Water: Well
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Lake Privileges, MulSport, Playground
  • Association Maintenance Fee: 675
  • Association Maintenance Fee Frequency: Annually
  • Association Maintenance Fee Includes: Maintenance-Common Area

Fee Information

  • Other Fee Freqency: Annually
  • Other Fees: 399

Schools

  • Elementary School: HAMILTON
  • Middle School: HILLSIDE
  • High School: BRIDG-RAR
  • High School: BRIDG-RAR
  • Middle Jr High School: HILLSIDE

Lot Info

  • Lot Size: .671ACR
  • Assessed Improvement Value: 430800
  • Assessed Land Value: 198800
  • Assessment: 629600
  • Lot Description: Mountain View
  • Lot Identifier: 4
  • Lot Size Tax: *
  • Total Acres: 0.67

Rental Info

  • Application Fee: 1000
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 13196
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2706-00610-0000-00003-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.096
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: HAMILTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Oct 23, 2020
Sold by
Larosa Louis
Bought by
Harris Eric D and Harris Melissa A
Seller's Agent
Louis Larosa
RE/MAX PREMIER
Buyer's Agent
TODD KOLLER
WEICHERT REALTORS
List Price
$1,098,000
Sold Price
$950,000
Premium/Discount to List
-$148,000
-13.48%
Current Estimated Value
$1,093,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,492
Avg. Annual Appreciation
3.38%

Purchase Details

Listed on
Jun 1, 2020
Closed on
Oct 8, 2020
Sold by
Larosa Louis
Bought by
Harris Eric D and Harris Melissa A
Seller's Agent
Louis Larosa
RE/MAX PREMIER
Buyer's Agent
TODD KOLLER
WEICHERT REALTORS
List Price
$1,098,000
Sold Price
$950,000
Premium/Discount to List
-$148,000
-13.48%

Purchase Details

Listed on
Sep 25, 2013
Closed on
Sep 25, 2013
Sold by
N & C Real Estate Llc
Bought by
Larosa Louis
Seller's Agent
PEGGY OBLACK
BHHS FOX & ROACH
Buyer's Agent
Louis Larosa
RE/MAX PREMIER
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.88%
Original Mortgage
$200,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2009
Sold by
Yost Cynthia M
Bought by
N & C Realty Limited Liability Company

Purchase Details

Closed on
Aug 12, 2009
Sold by
Kennette David O
Bought by
Yost Cynthia M and Kennette Cynthia M
Source: Public Records

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
Harris Eric D $950,000 Fidelity National Title
Harris Eric D $950,000 Fidelity National Ttl Ins Co
Larosa Louis $250,000 Wfg National Title Insuran
N & C Real Estate Llc -- Wfg National Title Insurance
N & C Realty Limited Liability Company $245,000 None Available
Yost Cynthia M $68,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Eric D $292,188
Previous Owner Larosa Louis $820,000
Previous Owner Larosa Louis $350,000
Previous Owner N & C Real Estate Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $950,000 -4.9% $528 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
07/12/2020 07/12/20 Price Changed $999,000 -9.0% $555 / Sq Ft
06/01/2020 06/01/20 For Sale $1,098,000 +339.2% $610 / Sq Ft
09/25/2013 09/25/13 Sold $250,000 -- $139 / 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 $18,113 $929,800 $198,800 $731,000
2023 $16,453 $829,300 $198,800 $630,500
2022 $15,314 $742,700 $198,800 $543,900
2021 $14,991 $711,500 $198,800 $512,700
2020 $5,918 $281,400 $198,800 $82,600
2019 $13,366 $629,600 $198,800 $430,800
2018 $4,211 $198,800 $198,800 $0
2017 $4,215 $198,800 $198,800 $0
2016 $5,775 $276,600 $198,800 $77,800
2015 $5,743 $275,200 $198,800 $76,400
2014 $5,785 $273,000 $198,800 $74,200
Source: Public Records

Agents Affiliated with this Home

  • Louis Larosa

    Seller's Agent in 2020

    Louis Larosa

    RE/MAX

    (908) 229-5014

    4 in this area

    62 Total Sales

    Section Image

  • T

    Buyer's Agent in 2020

    TODD KOLLER

    WEICHERT REALTORS

  • P

    Seller's Agent in 2013

    PEGGY OBLACK

    BHHS FOX & ROACH

See All Agents

Map

Source: Garden State MLS

MLS Number: 3636785

Garden State MLS

APN: 06-00610-0000-00003

New Jersey Somerset County Basking Ridge 07920 Martinsville

996 Magnolia Dr, Basking Ridge, NJ

This home is located at 996 Magnolia Dr, Basking Ridge, NJ 07920 since 01 June 2020 and is currently estimated at $1,135,308, approximately $631 per square foot. This property was built in 2018. 996 Magnolia Dr is a home located in Somerset County with nearby schools including Hamilton Primary School, Hillside Intermediate School, and Bridgewater-Raritan Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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