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28 Parkwood Lane

28 Parkwood Lane, Basking Ridge, NJ 07920
Property in Somerset
Sold May 17, 2022
$2,100,000
$1,550,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2052
Sold Jul 21, 2003
$1,650,000
$1,115,000 by Us Trust Co
Mortgage
28 Parkwood Lane in Basking Ridge, NJ was first built in 2002 and is 22 years old. This has been categorized as a residential property type. 28 Parkwood Lane has 6,080 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 104,108 square feet.

Learn more about the property and building on this page. 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, 28 Parkwood Lane was last sold in May 10, 2022 for $2,100,000. According to our calculations, that's $345.39 per sqft. Prior to that sales transaction, the property was sold for $1,650,000 in Jul 10, 2003. Current property owners are expected to pay $35,745 in taxes per year. The property on 28 Parkwood Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,895,300. To break that down further, the land itself was valued at $437,000. While improvements to the property were assessed at a total of $1,458,300. 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. 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!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.

Building Features

Exterior

Brick Exterior
Composition Board Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 104,108
  • Total Building Area: 6,080
  • Building Area: 6,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 2.39
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RAHMAN NAEEM
  • Current Owner 2: RASHAD PASHMINA
  • Previous Owner : COZINE STEPHEN W
  • Previous Owner 2: COZINE SUZANNE M
  • Owner Before Previous Owner: ROTS DAVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052604

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 68
  • District: 02
  • Parcel: 02 11201-0000-00027
  • Block: 11201
  • Lot: 27
  • Municipality: BERNARDS TWP
  • Latitude: 40.6479
  • Longitude: -74.5967

    Address

  • Full Address: 28 Parkwood Ln
  • Address - House Number: 28
  • Address - Street Name: Parkwood
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R002
  • 4-Digit Zip Code: 2912
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $35,745

    Appraisal Valuation

  • Standard Deviation: 0.1358
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 2,041,397
  • High Value: 2,318,810
  • Low Value: 1,763,984

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,550,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 17, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,550,000
  • 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: Jun 01, 2052

    Market Valuation

  • Market Total Value: $1,892,840
  • Market Land Value: $436,433
  • Market Improvement Value: $1,456,407

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,895,300
  • Assessed Land Value: $437,000
  • Assessed Improvements Value: $1,458,300

    Sales

  • Current Sale Contract Date: May 10, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Transaction ID: 11888150725
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 19610
  • Previous Sale Recording Date: Jul 21, 2003
  • Previous Sale Contract Date: Jul 10, 2003
  • Previous Sale Amount: $1,650,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 17, 2022
  • First Mortgage Loan Amount: $1,550,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: US TRUST CO
  • Previous Mortgage Transaction Date: Jul 21, 2003
  • Previous Mortgage Loan Amount: $1,115,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 28 Parkwood Lane located in?
The 28 Parkwood Lane is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 28 Parkwood Lane?
The average sales price for units in 28 Parkwood Lane is $0 currently.

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