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20 Bernard Drive

20 Bernard Drive, Basking Ridge, NJ 07920
Property in Somerset
Sold Jun 29, 2009
$1,185,000
$344,000 by Atlantic Home Loans Inc
Mortgage Due Jul 01, 2032
Sold Dec 03, 1999
$780,000
$150,000 by Hudson City Sav
Mortgage
20 Bernard Drive 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 1994 and is 30 years old. The building has a total of 2 stories. In addition, 20 Bernard Drive has 4,692 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 60,984 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 3 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. 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, 20 Bernard Drive sold most recently in Jun 5, 2009 for a total of $1,185,000. If you work out the math, that's approximately a cost of $252.56 per sqft. Before that, the property was also sold for $780,000 in Nov 29, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $26,936 in taxes each year. 20 Bernard Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,428,200. If we break it down further, the land itself was valued at $407,500. Improvements to the property, however, were assessed at a total of $1,020,700. The property's total assessed value has been marked as more than the total market value 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 4,692
  • Building Area: 4,692
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,692
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: CUSTOM

Ownership

  • Current Owner : HU YUAN
  • Current Owner 2: XIANG LIANG
  • Previous Owner : COVIELLO JOSEPH
  • Previous Owner 2: COVIELLO ELLEN
  • Owner Before Previous Owner: FITZPATRICK THOMAS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: RC4

Geography

  • District: 02
  • Parcel: 02 08102-0000-00015
  • Block: 8102
  • Lot: 15
  • Municipality: BERNARDS TWP
  • Latitude: 40.6668
  • Longitude: -74.5462

    Address

  • Full Address: 20 Bernard Dr
  • Address - House Number: 20
  • Address - Street Name: Bernard
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 2692
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $26,936

    Appraisal Valuation

  • Standard Deviation: 0.1481
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 1,678,235
  • High Value: 1,926,905
  • Low Value: 1,429,564

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $854,000
  • First Open Lien Mortgage Lender: ATLANTIC HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jul 02, 2012
  • First Open Lien Mortgage Loan Amount: $344,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2032
  • Second Open Lien Mortgage Lender: NVE BANK
  • Second Open Lien Mortgage Recording Date: May 07, 2015
  • Second Open Lien Mortgage Loan Amount: $260,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2025
  • Third Open Lien Mortgage Lender: NVE BANK
  • Third Open Lien Mortgage Recording Date: Jul 17, 2017
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 84
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Aug 01, 2024

    Market Valuation

  • Market Total Value: $1,426,346
  • Market Land Value: $406,971
  • Market Improvement Value: $1,019,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,428,200
  • Assessed Land Value: $407,500
  • Assessed Improvements Value: $1,020,700

    Sales

  • Current Sale Contract Date: Jun 05, 2009
  • Current Sale Recording Date: Jun 29, 2009
  • Current Sale Transaction ID: 11476120349
  • Current Sale Price: $1,185,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2009034087
  • Previous Sale Recording Date: Dec 03, 1999
  • Previous Sale Contract Date: Nov 29, 1999
  • Previous Sale Amount: $780,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC HOME LOANS INC
  • First Mortgage Transaction Date: Jun 29, 2009
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jul 01, 2039

    Previous Mortgages

  • Previous Mortgage Lender: HUDSON CITY SAV
  • Previous Mortgage Transaction Date: Dec 03, 1999
  • Previous Mortgage Loan Amount: $150,000

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Frequently Asked Questions

What neighborhood is 20 Bernard Drive located in?
The 20 Bernard Drive is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 20 Bernard Drive?
The average sales price for units in 20 Bernard Drive is $0 currently.

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