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3305 Balsam Way

3305 Balsam Way, Basking Ridge, NJ 07920
Property in Somerset
Sold Feb 05, 1997
$79,361
$100,000 by Bank Of America Na
Mortgage Due Mar 31, 2052
3305 Balsam Way 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 1992 and is 32 years old. In addition, 3305 Balsam Way has 779 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 324 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. 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, 3305 Balsam Way was last sold in Jan 30, 1997 for $79,361. According to our calculations, that's $101.88 per sqft. Current property owners are expected to pay $3,302 in taxes per year. The property on 3305 Balsam Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $175,100. To break that down further, the land itself was valued at $24,900. While improvements to the property were assessed at a total of $150,200. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 324
  • Total Building Area: 779
  • Building Area: 779
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 779
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.007
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: MT. LAUREL/M-1

Ownership

  • Current Owner : WERNER ALBERT
  • Previous Owner : DONOVAN ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 59
  • District: 02
  • Parcel: 02 09001-0000-00033- 07-CONDO
  • Block: 9001
  • Lot: 33.07
  • Municipality: BERNARDS TWP
  • Latitude: 40.6586
  • Longitude: -74.5525

    Address

  • Full Address: 3305 Balsam Way
  • Address - House Number: 3305
  • Address - Street Name: Balsam
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 3156
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,302

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 217,650
  • High Value: 250,922
  • Low Value: 184,378

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 31, 2052
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Mar 14, 2013
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $80,000
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 19, 2038

    Market Valuation

  • Market Total Value: $174,873
  • Market Land Value: $24,868
  • Market Improvement Value: $150,005

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $175,100
  • Assessed Land Value: $24,900
  • Assessed Improvements Value: $150,200

    Sales

  • Current Sale Contract Date: Jan 30, 1997
  • Current Sale Recording Date: Feb 05, 1997
  • Current Sale Transaction ID: 11476122901
  • Current Sale Price: $79,361
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK MTG
  • First Mortgage Transaction Date: Feb 05, 1997
  • First Mortgage Loan Amount: $63,000

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Frequently Asked Questions

What neighborhood is 3305 Balsam Way located in?
The 3305 Balsam Way is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 3305 Balsam Way?
The average sales price for units in 3305 Balsam Way is $0 currently.

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