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278 Alexandria Way

278 Alexandria Way, Basking Ridge, NJ 07920
Townhouse in Somerset
Sold Dec 28, 2017
$389,900
$292,000 by Crosscountry Mortgage Inc
Mortgage Due Jan 01, 2048
Sold Nov 17, 2016
$1,960
Local assessors in Basking Ridge, NJ have categorized 278 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 7,405 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 278 Alexandria Way has a total of 1,524 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Dec 10, 2017 for $389,900. That's $255.84 per sqft. Prior to that sales transaction, the property was also sold in Nov 6, 2015 for $1,960. 278 Alexandria Way was last assessed in 2023. The total value of the property was assessed at $546,000. Specifically, the land the property is located on was valued at $234,000. While improvements on the property were assessed at a total of $312,000. 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 $10,298. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,524
  • Building Area: 1,524
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,524
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINAL MAP OF SPRING RIDGE PHASE 1E
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WANG LIMING TAN LIN
  • Previous Owner : MCM CAPITAL PARTNERS LLC
  • Owner Before Previous Owner: SUAZO JUAN M
  • Owner Before Previous Owner 2: SUAZO ANA

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 57
  • District: 02
  • Parcel: 02 08902-0000-00010
  • Block: 8902
  • Lot: 10
  • Municipality: BERNARDS TWP
  • Latitude: 40.661
  • Longitude: -74.5481

    Address

  • Full Address: 278 Alexandria Way
  • Address - House Number: 278
  • Address - Street Name: Alexandria
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 2797
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,298

    Appraisal Valuation

  • Standard Deviation: 0.152
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 605,683
  • High Value: 697,800
  • Low Value: 513,566

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $292,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Dec 28, 2017
  • First Open Lien Mortgage Loan Amount: $292,000
  • 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: Jan 01, 2048

    Market Valuation

  • Market Total Value: $545,291
  • Market Land Value: $233,696
  • Market Improvement Value: $311,595

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546,000
  • Assessed Land Value: $234,000
  • Assessed Improvements Value: $312,000

    Sales

  • Current Sale Contract Date: Dec 10, 2017
  • Current Sale Recording Date: Dec 28, 2017
  • Current Sale Transaction ID: 11344207321
  • Current Sale Price: $389,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017052241
  • Previous Sale Recording Date: Nov 17, 2016
  • Previous Sale Contract Date: Nov 06, 2015
  • Previous Sale Amount: $1,960
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Mortgage Transaction Date: Dec 28, 2017
  • First Mortgage Loan Amount: $292,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2048

About Somerset



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Frequently Asked Questions

What neighborhood is 278 Alexandria Way located in?
The 278 Alexandria Way is a townhouse located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 278 Alexandria Way?
The average sales price for units in 278 Alexandria Way is $429,900 currently.

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