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1 Richmond Drive

1 Richmond Drive, Basking Ridge, NJ 07920
House in Somerset
Sold Apr 15, 2020
$700,000
$629,300 by Wells Fargo Bank Na
Mortgage Due May 01, 2050
Sold Sep 30, 2009
$665,000
1 Richmond Drive has been categorized by the local assessors in Basking Ridge, NJ as a residential type of property. The building on the property was first built in 1999 and is 25 years old. In addition, 1 Richmond Drive has 2,735 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 12,632 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Apr 3, 2020 for $700,000. That's $255.94 per sqft. Prior to that sales transaction, the property was also sold in Sep 28, 2009 for $665,000. 1 Richmond Drive was last assessed in 2023. The total value of the property was assessed at $739,700. Specifically, the land the property is located on was valued at $237,700. While improvements on the property were assessed at a total of $502,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $13,951. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,735
  • Building Area: 2,735
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,735
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: PHASE 1

Ownership

  • Current Owner : VAG JOSEPH MICHAEL
  • Current Owner 2: VAG LINDA ANN
  • Previous Owner : BISCHOFF NOEL V
  • Owner Before Previous Owner: DWYER MARTHA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052605

Zoning

  • Zoning: PRD5

Geography

  • Assessors Map Reference: TAX MAP 64
  • District: 02
  • Parcel: 02 10801-0000-00003
  • Block: 10801
  • Lot: 3
  • Municipality: BERNARDS TWP
  • Latitude: 40.6492
  • Longitude: -74.6155

    Address

  • Full Address: 1 Richmond Dr
  • Address - House Number: 1
  • Address - Street Name: Richmond
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R005
  • 4-Digit Zip Code: 4241
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,951

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 946,838
  • High Value: 1,115,706
  • Low Value: 777,971

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $629,300
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 15, 2020
  • First Open Lien Mortgage Loan Amount: $629,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Market Valuation

  • Market Total Value: $738,739
  • Market Land Value: $237,391
  • Market Improvement Value: $501,348

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,700
  • Assessed Land Value: $237,700
  • Assessed Improvements Value: $502,000

    Sales

  • Current Sale Contract Date: Apr 03, 2020
  • Current Sale Recording Date: Apr 15, 2020
  • Current Sale Transaction ID: 11760797878
  • Current Sale Price: $700,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020015684
  • Previous Sale Recording Date: Sep 30, 2009
  • Previous Sale Contract Date: Sep 28, 2009
  • Previous Sale Amount: $665,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 15, 2020
  • First Mortgage Loan Amount: $629,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Somerset



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Frequently Asked Questions

What neighborhood is 1 Richmond Drive located in?
The 1 Richmond Drive is a house located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 1 Richmond Drive?
The average sales price for units in 1 Richmond Drive is $0 currently.

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