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123 Sunset Lane

123 Sunset Lane, Basking Ridge, NJ 07920
Property in Somerset
Sold Oct 07, 2021
$548,000
$438,400 by Bank Of America Na
Mortgage Due Sep 01, 2051
123 Sunset Lane 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 1963 and is 61 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 123 Sunset Lane has 1,400 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 217,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Aug 27, 2021 for $548,000. That's $391.43 per sqft. 123 Sunset Lane was last assessed in 2023. The total value of the property was assessed at $528,000. Specifically, the land the property is located on was valued at $315,000. While improvements on the property were assessed at a total of $213,000. 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 $9,958. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

Building Features

Exterior

Cedar Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 5
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GONCALVES RUI F
  • Current Owner 2: GONCALVES ANA C
  • Previous Owner : BAXTER MAUREEN A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 050903

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 02
  • Parcel: 02 11601-0000-00020
  • Block: 11601
  • Lot: 20
  • Municipality: BERNARDS TWP
  • Latitude: 40.6154
  • Longitude: -74.5741

    Address

  • Full Address: 123 Sunset Ln
  • Address - House Number: 123
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R007
  • 4-Digit Zip Code: 4106
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,958

    Appraisal Valuation

  • Standard Deviation: 0.1408
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 704,321
  • High Value: 803,546
  • Low Value: 605,096

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $438,400
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Oct 07, 2021
  • First Open Lien Mortgage Loan Amount: $438,400
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $527,314
  • Market Land Value: $314,591
  • Market Improvement Value: $212,723

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $528,000
  • Assessed Land Value: $315,000
  • Assessed Improvements Value: $213,000

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Transaction ID: 11859052965
  • Current Sale Price: $548,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021059882

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 07, 2021
  • First Mortgage Loan Amount: $438,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Martinsville



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Frequently Asked Questions

What neighborhood is 123 Sunset Lane located in?
The 123 Sunset Lane is a located in the neighborhood of Somerset in Martinsville, Basking Ridge.
What is the average sales price for listings in 123 Sunset Lane?
The average sales price for units in 123 Sunset Lane is $585,000 , or $418/sqft. currently.

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