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347 Old Army Road

347 Old Army Road, Basking Ridge, NJ 07920
Property in Somerset
Sold Apr 03, 2012
$895,000
$500,000 by Sullivan Financial Services In
Mortgage Due Apr 01, 2042
Sold Mar 17, 2006
$1,080,000
$600,000 by Usa Fncl Svcs
Mortgage
347 Old Army Road 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 1950 and is 74 years old. The building has a total of 2 stories. In addition, 347 Old Army Road has 4,565 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 130,680 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Mar 28, 2012 for $895,000. That's $196.06 per sqft. Prior to that sales transaction, the property was also sold in Mar 15, 2006 for $1,080,000. 347 Old Army Road was last assessed in 2023. The total value of the property was assessed at $1,322,200. Specifically, the land the property is located on was valued at $427,500. While improvements on the property were assessed at a total of $894,700. 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 $24,937. 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! 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: 1950
  • Effective Year Built: 1950
  • Total Rooms: 5
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 130,680
  • Total Building Area: 4,565
  • Building Area: 4,565
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,565
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 3
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCIARETTA BRIAN S
  • Current Owner 2: SCIARETTA CAROL T
  • Previous Owner : RIBIS NICHOLAS L
  • Previous Owner 2: RIBIS MELISSA A
  • Owner Before Previous Owner: WESNER LAVONNE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052400

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 1
  • District: 02
  • Parcel: 02 00102-0000-00002
  • Block: 102
  • Lot: 2
  • Municipality: BERNARDS TWP
  • Latitude: 40.74
  • Longitude: -74.5513

    Address

  • Full Address: 347 Old Army Rd
  • Address - House Number: 347
  • Address - Street Name: Old Army
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 3318
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,937

    Appraisal Valuation

  • Standard Deviation: 0.1481
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 1,518,181
  • High Value: 1,743,136
  • Low Value: 1,293,226

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: SULLIVAN FINANCIAL SERVICES IN
  • First Open Lien Mortgage Recording Date: Apr 03, 2012
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2042

    Market Valuation

  • Market Total Value: $1,320,483
  • Market Land Value: $426,945
  • Market Improvement Value: $893,538

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,322,200
  • Assessed Land Value: $427,500
  • Assessed Improvements Value: $894,700

    Sales

  • Current Sale Contract Date: Mar 28, 2012
  • Current Sale Recording Date: Apr 03, 2012
  • Current Sale Transaction ID: 1120685629
  • Current Sale Price: $895,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2012017935
  • Previous Sale Recording Date: Mar 17, 2006
  • Previous Sale Contract Date: Mar 15, 2006
  • Previous Sale Amount: $1,080,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SULLIVAN FINANCIAL SERVICES IN
  • First Mortgage Transaction Date: Apr 03, 2012
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Apr 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: USA FNCL SVCS
  • Previous Mortgage Transaction Date: Mar 17, 2006
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360

About Somerset



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Frequently Asked Questions

What neighborhood is 347 Old Army Road located in?
The 347 Old Army Road is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 347 Old Army Road?
The average sales price for units in 347 Old Army Road is $0 currently.

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