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3307 Balsam Way

3307 Balsam Way, Basking Ridge, NJ 07920
Property in Somerset
Sold Jun 13, 2019
$100,000
$126,000 by Mortgage Access Corp
Mortgage Due Mar 01, 2052
Sold Feb 28, 2013
$99,000
$89,100 by Gmh Mortgage Services Llc
Mortgage Due Mar 01, 2043
3307 Balsam Way in Basking Ridge, NJ was first built in 1992 and is 32 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. 3307 Balsam Way has 613 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 324 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, 3307 Balsam Way was last sold in May 28, 2019 for $100,000. According to our calculations, that's $163.13 per sqft. Prior to that sales transaction, the property was sold for $99,000 in Feb 14, 2013. Current property owners are expected to pay $3,414 in taxes per year. The property on 3307 Balsam Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $181,000. To break that down further, the land itself was valued at $24,900. While improvements to the property were assessed at a total of $156,100. 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

Parking

Parking Lot
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: 613
  • Building Area: 613
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 613
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

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

Ownership

  • Current Owner : HARRIS STEVEN W
  • Previous Owner : ROSENBERRY JOSEPH
  • Previous Owner 2: ROSENBERRY KRISTIN
  • Owner Before Previous Owner: SCHNITZER DANIEL A
  • 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- 10-CONDO
  • Block: 9001
  • Lot: 33.10
  • Municipality: BERNARDS TWP
  • Latitude: 40.6587
  • Longitude: -74.5525

    Address

  • Full Address: 3307 Balsam Way
  • Address - House Number: 3307
  • 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: $3,414

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 206,019
  • High Value: 237,514
  • Low Value: 174,525

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $126,000
  • First Open Lien Mortgage Lender: MORTGAGE ACCESS CORP
  • First Open Lien Mortgage Recording Date: Feb 14, 2022
  • First Open Lien Mortgage Loan Amount: $126,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $180,765
  • Market Land Value: $24,868
  • Market Improvement Value: $155,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,000
  • Assessed Land Value: $24,900
  • Assessed Improvements Value: $156,100

    Sales

  • Current Sale Contract Date: May 28, 2019
  • Current Sale Recording Date: Jun 13, 2019
  • Current Sale Transaction ID: 11628516317
  • Current Sale Price: $100,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019020430
  • Previous Sale Recording Date: Feb 28, 2013
  • Previous Sale Contract Date: Feb 14, 2013
  • Previous Sale Amount: $99,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jun 13, 2019
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: GMH MORTGAGE SERVICES LLC
  • Previous Mortgage Transaction Date: Feb 28, 2013
  • Previous Mortgage Loan Amount: $89,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2043

About Somerset



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$2,375 /mo

  • 1 Bed
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73 Smithfield Ct, Bernards Twp., NJ, 07920 Listing by A. GREGORY RAO

Frequently Asked Questions

What neighborhood is 3307 Balsam Way located in?
The 3307 Balsam Way is a other located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 3307 Balsam Way?
The average sales price for units in 3307 Balsam Way is $0 currently.

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