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229 Alexandria Way

229 Alexandria Way, Basking Ridge, NJ 07920
Property in Somerset
Sold May 18, 2015
$195,000
$156,000 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2025
Sold Dec 05, 2014
$195,000
Local assessors in Basking Ridge, NJ have categorized 229 Alexandria Way as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 423 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 229 Alexandria Way has a total of 850 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 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, 229 Alexandria Way sold most recently in May 12, 2015 for a total of $195,000. If you work out the math, that's approximately a cost of $229.41 per sqft. Before that, the property was also sold for $195,000 in Nov 21, 2014. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $4,847 in taxes each year. 229 Alexandria Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $257,000. 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 $133,000. 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!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: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 423
  • Total Building Area: 850
  • Building Area: 850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 850
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VAN BUREN VILLAGE CONDOMINIUM
  • Land Acres: 0.009
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: L 231.01 C-GAR

Ownership

  • Current Owner : CHIEN JEFFREY K
  • Previous Owner : CHEN I JY
  • Previous Owner 2: CHIEN CHINMANN
  • Owner Before Previous Owner: FRIERI-WHITE MARIA
  • Owner Before Previous Owner 2: ROBERT JOHN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052603

Zoning

  • Zoning: R5

Geography

  • District: 02
  • Parcel: 02 08901-0000-00231-0000-CONDO
  • Block: 8901
  • Lot: 231
  • Municipality: BERNARDS TWP
  • Latitude: 40.6599
  • Longitude: -74.5471

    Address

  • Full Address: 229 Alexandria Way
  • Address - House Number: 229
  • Address - Street Name: Alexandria
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 2774
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,847

    Appraisal Valuation

  • Standard Deviation: 0.1406
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 324,415
  • High Value: 370,029
  • Low Value: 278,800

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 18, 2015
  • First Open Lien Mortgage Loan Amount: $156,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2025

    Market Valuation

  • Market Total Value: $256,666
  • Market Land Value: $123,839
  • Market Improvement Value: $132,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,000
  • Assessed Land Value: $124,000
  • Assessed Improvements Value: $133,000

    Sales

  • Current Sale Contract Date: May 12, 2015
  • Current Sale Recording Date: May 18, 2015
  • Current Sale Transaction ID: 1346851299
  • Current Sale Price: $195,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2015019690
  • Previous Sale Recording Date: Dec 05, 2014
  • Previous Sale Contract Date: Nov 21, 2014
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 18, 2015
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2025

About Somerset



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Frequently Asked Questions

What neighborhood is 229 Alexandria Way located in?
The 229 Alexandria Way is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 229 Alexandria Way?
The average sales price for units in 229 Alexandria Way is $0 currently.

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