15 Commonwealth Drive

15 Commonwealth Drive in Basking Ridge, NJ was first built in 1985 and is 39 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 condo style. 15 Commonwealth Drive has 1,050 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 433 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 15 Commonwealth Drive sold most recently in Apr 27, 2010 for a total of $246,000. If you work out the math, that's approximately a cost of $234.29 per sqft. Before that, the property was also sold for $246,000 in Apr 27, 2010. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $6,284 in taxes each year. 15 Commonwealth Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $333,200. If we break it down further, the land itself was valued at $124,000. Improvements to the property, however, were assessed at a total of $209,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!