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117 Constitution Way

117 Constitution Way, Basking Ridge, NJ 07920
Property in Somerset
Sold Sep 19, 2016
$576,800
$461,440 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2046
Sold Oct 20, 2011
$480,000
$345,000 by Bank Of China
Mortgage Due Nov 01, 2026
117 Constitution Way 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 1997 and is 27 years old. In addition, 117 Constitution Way has 1,928 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 1,134 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

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 Sep 16, 2016 for $576,800. That's $299.17 per sqft. Prior to that sales transaction, the property was also sold in Oct 11, 2011 for $480,000. 117 Constitution Way was last assessed in 2023. The total value of the property was assessed at $663,900. Specifically, the land the property is located on was valued at $170,000. While improvements on the property were assessed at a total of $493,900. 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 $12,521. 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: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,134
  • Total Building Area: 1,928
  • Building Area: 1,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAMILTON WOODS CONDOMINIUM
  • Land Acres: 0.026
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: 1900

Ownership

  • Current Owner : STOWE KEVIN V
  • Previous Owner : CHEN SUN RACHAEL RUIFENG
  • Previous Owner 2: SUN RONG
  • Owner Before Previous Owner: SHAPIRO MARC J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: PUD5

Geography

  • District: 02
  • Parcel: 02 10601-0000-00035- 03-CONDO
  • Block: 10601
  • Lot: 35.03
  • Municipality: BERNARDS TWP
  • Latitude: 40.6537
  • Longitude: -74.6131

    Address

  • Full Address: 117 Constitution Way
  • Address - House Number: 117
  • Address - Street Name: Constitution
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R009
  • 4-Digit Zip Code: 2969
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,521

    Appraisal Valuation

  • Standard Deviation: 0.14
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 747,345
  • High Value: 852,015
  • Low Value: 642,675

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $461,440
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 19, 2016
  • First Open Lien Mortgage Loan Amount: $461,440
  • 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: Oct 01, 2046

    Market Valuation

  • Market Total Value: $663,038
  • Market Land Value: $169,779
  • Market Improvement Value: $493,259

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $663,900
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $493,900

    Sales

  • Current Sale Contract Date: Sep 16, 2016
  • Current Sale Recording Date: Sep 19, 2016
  • Current Sale Transaction ID: 1983611883
  • Current Sale Price: $576,800
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016039740
  • Previous Sale Recording Date: Oct 20, 2011
  • Previous Sale Contract Date: Oct 11, 2011
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 19, 2016
  • First Mortgage Loan Amount: $461,440
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF CHINA
  • Previous Mortgage Transaction Date: Oct 20, 2011
  • Previous Mortgage Loan Amount: $345,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2026

About Somerset



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Frequently Asked Questions

What neighborhood is 117 Constitution Way located in?
The 117 Constitution Way is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 117 Constitution Way?
The average sales price for units in 117 Constitution Way is $0 currently.

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