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18 Penwood Road

18 Penwood Road, Basking Ridge, NJ 07920
Property in Somerset
Sold Jan 11, 2019
$750,100
$352,000 by Garden Savings Fcu
Mortgage Due Nov 01, 2053
Sold Nov 20, 2013
$750,100
$450,060 by Citibank Na
Mortgage Due Dec 01, 2043
18 Penwood Road 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 1966 and is 58 years old. The building has a total of 2 stories. In addition, 18 Penwood Road has 2,212 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 46,609 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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. 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, 18 Penwood Road was last sold in Jan 8, 2019 for $750,100. According to our calculations, that's $339.10 per sqft. Prior to that sales transaction, the property was sold for $750,100 in Nov 7, 2013. Current property owners are expected to pay $15,118 in taxes per year. The property on 18 Penwood Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $801,600. To break that down further, the land itself was valued at $366,300. While improvements to the property were assessed at a total of $435,300. 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. 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.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: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 46,609
  • Total Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,212
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.07
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WANG XUCAI
  • Current Owner 2: LIN JIA
  • Previous Owner : TONG LEE DAVID C
  • Previous Owner 2: TONG LEE ANGELA
  • Owner Before Previous Owner: LEE DAVID C
  • Owner Before Previous Owner 2: LEE ANGELA TONG
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: TAX MAP 43
  • District: 02
  • Parcel: 02 06704-0000-00010
  • Block: 6704
  • Lot: 10
  • Municipality: BERNARDS TWP
  • Latitude: 40.6719
  • Longitude: -74.5648

    Address

  • Full Address: 18 Penwood Rd
  • Address - House Number: 18
  • Address - Street Name: Penwood
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C005
  • 4-Digit Zip Code: 2239
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,118

    Appraisal Valuation

  • Standard Deviation: 0.1481
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 980,002
  • High Value: 1,125,213
  • Low Value: 834,791

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,000
  • First Open Lien Mortgage Lender: GARDEN SAVINGS FCU
  • First Open Lien Mortgage Recording Date: Nov 01, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $352,000
  • 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, 2053

    Market Valuation

  • Market Total Value: $800,559
  • Market Land Value: $365,824
  • Market Improvement Value: $434,735

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $801,600
  • Assessed Land Value: $366,300
  • Assessed Improvements Value: $435,300

    Sales

  • Current Sale Contract Date: Jan 08, 2019
  • Current Sale Recording Date: Jan 11, 2019
  • Current Sale Transaction ID: 11570705952
  • Current Sale Price: $750,100
  • Current Sale Document Type: Re-recorded Document
  • Current Sale Input Document Number: 2019001338
  • Previous Sale Recording Date: Nov 20, 2013
  • Previous Sale Contract Date: Nov 07, 2013
  • Previous Sale Amount: $750,100
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Nov 20, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $450,060
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2043

About Somerset



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Frequently Asked Questions

What neighborhood is 18 Penwood Road located in?
The 18 Penwood Road is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 18 Penwood Road?
The average sales price for units in 18 Penwood Road is $0 currently.

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