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31 Cannon Court

31 Cannon Court, Basking Ridge, NJ 07920
Property in Somerset
Sold May 13, 2021
$515,000
$412,800 by New Jersey Lenders Corp
Mortgage Due Jun 01, 2051
Sold Dec 04, 2009
$460,000
$368,000 by Clifton Savings Bank
Mortgage Due Dec 01, 2029
31 Cannon Court in Basking Ridge, NJ was first built in 2000 and is 24 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. 31 Cannon Court has 1,928 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 1,200 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, 31 Cannon Court was last sold in Apr 30, 2021 for $515,000. According to our calculations, that's $267.12 per sqft. Prior to that sales transaction, the property was sold for $460,000 in Nov 19, 2009. Current property owners are expected to pay $10,235 in taxes per year. The property on 31 Cannon Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $542,700. To break that down further, the land itself was valued at $170,000. While improvements to the property were assessed at a total of $372,700. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,200
  • Total Building Area: 1,928
  • Building Area: 1,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HAMILTON RIDGE CONDOMINIUM
  • Land Acres: 0.027
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: 1900

Ownership

  • Current Owner : JAIN SAURABH
  • Current Owner 2: SHAH KADAMBARI
  • Previous Owner : CHANDNANI VISHAL S
  • Previous Owner 2: CHANDNANI PRIYA V
  • Owner Before Previous Owner: JACOBI HENRY C
  • Owner Before Previous Owner 2: JACOBI PAULA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052605

Zoning

  • Zoning: PUD5

Geography

  • Assessors Map Reference: TAX MAP 48
  • District: 02
  • Parcel: 02 10002-0000-00017- 02-CONDO
  • Block: 10002
  • Lot: 17.02
  • Municipality: BERNARDS TWP
  • Latitude: 40.6557
  • Longitude: -74.626

    Address

  • Full Address: 31 Cannon Ct
  • Address - House Number: 31
  • Address - Street Name: Cannon
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R005
  • 4-Digit Zip Code: 3842
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,235

    Appraisal Valuation

  • Standard Deviation: 0.1459
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 650,928
  • High Value: 745,915
  • Low Value: 555,940

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $412,800
  • First Open Lien Mortgage Lender: NEW JERSEY LENDERS CORP
  • First Open Lien Mortgage Recording Date: May 13, 2021
  • First Open Lien Mortgage Loan Amount: $412,800
  • 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, 2051

    Market Valuation

  • Market Total Value: $541,995
  • Market Land Value: $169,779
  • Market Improvement Value: $372,216

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $542,700
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $372,700

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Transaction ID: 11836170022
  • Current Sale Price: $515,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021030372
  • Previous Sale Recording Date: Dec 04, 2009
  • Previous Sale Contract Date: Nov 19, 2009
  • Previous Sale Amount: $460,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW JERSEY LENDERS CORP
  • First Mortgage Transaction Date: May 13, 2021
  • First Mortgage Loan Amount: $412,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CLIFTON SAVINGS BANK
  • Previous Mortgage Transaction Date: Dec 04, 2009
  • Previous Mortgage Loan Amount: $368,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2029

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Frequently Asked Questions

What neighborhood is 31 Cannon Court located in?
The 31 Cannon Court is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 31 Cannon Court?
The average sales price for units in 31 Cannon Court is $0 currently.

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