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106 Elmwood Court

106 Elmwood Court, Basking Ridge, NJ 07920
Property in Somerset
Sold Feb 24, 2021
$396,000
$356,400 by Guaranteed Rate Inc
Mortgage Due Mar 01, 2051
Sold Apr 04, 2016
$341,900
Local assessors in Basking Ridge, NJ have categorized 106 Elmwood Court as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 856 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a prefab, modular style. If we look only at the heated or air conditioned part of the building, then 106 Elmwood Court has a total of 1,357 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 106 Elmwood Court was last sold in Feb 6, 2021 for $396,000. According to our calculations, that's $291.82 per sqft. Prior to that sales transaction, the property was sold for $341,900 in Mar 30, 2016. Current property owners are expected to pay $8,574 in taxes per year. The property on 106 Elmwood Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $454,600. To break that down further, the land itself was valued at $175,000. While improvements to the property were assessed at a total of $279,600. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Building Style: Prefab, Modular
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 856
  • Total Building Area: 1,357
  • Building Area: 1,357
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,357
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE CEDARS
  • Land Acres: 0.019
  • Standard Land Use Code: Modular/pre-fabricated homes

Ownership

  • Current Owner : ARCHIELLO ANGELA
  • Previous Owner : ZHU MING
  • Previous Owner 2: ZHANG QIANYI
  • Owner Before Previous Owner: FANNIE MAE
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 054100

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 02
  • Parcel: 02 09001-0000-00007- 09-CONDO
  • Block: 9001
  • Lot: 7.09
  • Municipality: BERNARDS TWP
  • Latitude: 40.6598
  • Longitude: -74.5541

    Address

  • Full Address: 106 Elmwood Ct
  • Address - House Number: 106
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 3127
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,574

    Appraisal Valuation

  • Standard Deviation: 0.152
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 524,952
  • High Value: 604,790
  • Low Value: 445,113

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $420,742
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Feb 24, 2021
  • First Open Lien Mortgage Loan Amount: $356,400
  • 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: Mar 01, 2051
  • Second Open Lien Mortgage Lender: FIGURE LENDING LLC
  • Second Open Lien Mortgage Recording Date: Nov 06, 2023
  • Second Open Lien Mortgage Loan Amount: $64,342
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 27, 2053

    Market Valuation

  • Market Total Value: $454,010
  • Market Land Value: $174,773
  • Market Improvement Value: $279,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $454,600
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $279,600

    Sales

  • Current Sale Contract Date: Feb 06, 2021
  • Current Sale Recording Date: Feb 24, 2021
  • Current Sale Transaction ID: 11822774493
  • Current Sale Price: $396,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021012710
  • Previous Sale Recording Date: Apr 04, 2016
  • Previous Sale Contract Date: Mar 30, 2016
  • Previous Sale Amount: $341,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Feb 24, 2021
  • First Mortgage Loan Amount: $356,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

About Somerset



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Nearby Rentals

Unit for rent at 390 Penns Way, Bernards Twp., NJ, 07920-3063

$3,200 /mo

  • 3 Beds
  • 2.5 Baths
390 Penns Way, Bernards Twp., NJ, 07920-3063 Listing by ANDREA MCGUIRE

Frequently Asked Questions

What neighborhood is 106 Elmwood Court located in?
The 106 Elmwood Court is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 106 Elmwood Court?
The average sales price for units in 106 Elmwood Court is $0 currently.

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