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108 Elmwood Court

108 Elmwood Court, Basking Ridge, NJ 07920
Property in Somerset
Sold Nov 03, 2021
$420,000
$220,000 by Greentree Mortgage Company Lp
Mortgage Due Nov 01, 2051
Sold Oct 02, 2006
$392,500
108 Elmwood Court in Basking Ridge, NJ was first built in 1991 and is 33 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a prefab, modular style. 108 Elmwood Court has 1,388 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,146 square feet.

Learn more about the property and building on this page. 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, 108 Elmwood Court was last sold in Oct 20, 2021 for $420,000. According to our calculations, that's $302.59 per sqft. Prior to that sales transaction, the property was sold for $392,500 in Sep 25, 2006. Current property owners are expected to pay $7,989 in taxes per year. The property on 108 Elmwood Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $423,600. To break that down further, the land itself was valued at $175,000. While improvements to the property were assessed at a total of $248,600. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 0
  • Building Style: Prefab, Modular
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,146
  • Total Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,388
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE CEDARS
  • Land Acres: 0.026
  • Standard Land Use Code: Modular/pre-fabricated homes

Ownership

  • Current Owner : JOHNSON RAGNVALD
  • Current Owner 2: JOHNSON DOREEN
  • Previous Owner : GADIYARAM SESHA S
  • Previous Owner 2: CHIVUKULA SREEVALLI
  • Owner Before Previous Owner: PAPOUTSOGLOU STEFAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

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- 11-CONDO
  • Block: 9001
  • Lot: 7.11
  • Municipality: BERNARDS TWP
  • Latitude: 40.6599
  • Longitude: -74.5541

    Address

  • Full Address: 108 Elmwood Ct
  • Address - House Number: 108
  • 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: $7,989

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 508,858
  • High Value: 588,375
  • Low Value: 429,341

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: GREENTREE MORTGAGE COMPANY LP
  • First Open Lien Mortgage Recording Date: Nov 03, 2021
  • First Open Lien Mortgage Loan Amount: $220,000
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: BETHPAGE FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jun 22, 2023
  • Second Open Lien Mortgage Loan Amount: $50,000
  • 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: Jun 28, 2053

    Market Valuation

  • Market Total Value: $423,050
  • Market Land Value: $174,773
  • Market Improvement Value: $248,277

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $423,600
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $248,600

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Transaction ID: 11864338837
  • Current Sale Price: $420,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021065048
  • Previous Sale Recording Date: Oct 02, 2006
  • Previous Sale Contract Date: Sep 25, 2006
  • Previous Sale Amount: $392,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENTREE MORTGAGE COMPANY LP
  • First Mortgage Transaction Date: Nov 03, 2021
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 108 Elmwood Court located in?
The 108 Elmwood Court is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 108 Elmwood Court?
The average sales price for units in 108 Elmwood Court is $0 currently.

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