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3512 Balsam Way

3512 Balsam Way, Basking Ridge, NJ 07920
Property in Somerset
Sold Jan 12, 2017
$143,000
$135,850 by Peapack Gladstone Bank
Mortgage Due Dec 01, 2046
Sold Jan 21, 2004
$118,745
$94,000 by Investors Savings Bank
Mortgage
3512 Balsam Way in Basking Ridge, NJ was first built in 1994 and is 30 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. 3512 Balsam Way has 887 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 347 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, 3512 Balsam Way was last sold in Nov 2, 2016 for $143,000. According to our calculations, that's $161.22 per sqft. Prior to that sales transaction, the property was sold for $118,745 in Jan 2, 2004. Current property owners are expected to pay $3,631 in taxes per year. The property on 3512 Balsam Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $192,500. To break that down further, the land itself was valued at $24,900. While improvements to the property were assessed at a total of $167,600. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 347
  • Total Building Area: 887
  • Building Area: 887
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 887
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.008
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: MT. LAUREL/M-2

Ownership

  • Current Owner : GRIECO DAVID ALEXANDER
  • Previous Owner : PATEL RAMESH
  • Previous Owner 2: PATEL USHABEN
  • Owner Before Previous Owner: CONOVER JAN
  • 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 09001-0000-00035- 12-CONDO
  • Block: 9001
  • Lot: 35.12
  • Municipality: BERNARDS TWP
  • Latitude: 40.658
  • Longitude: -74.5525

    Address

  • Full Address: 3512 Balsam Way
  • Address - House Number: 3512
  • Address - Street Name: Balsam
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C014
  • 4-Digit Zip Code: 3158
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,631

    Appraisal Valuation

  • Standard Deviation: 0.1418
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 230,883
  • High Value: 263,644
  • Low Value: 198,123

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,850
  • First Open Lien Mortgage Lender: PEAPACK GLADSTONE BANK
  • First Open Lien Mortgage Recording Date: Jan 12, 2017
  • First Open Lien Mortgage Loan Amount: $135,850
  • 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: Dec 01, 2046

    Market Valuation

  • Market Total Value: $192,250
  • Market Land Value: $24,868
  • Market Improvement Value: $167,382

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,500
  • Assessed Land Value: $24,900
  • Assessed Improvements Value: $167,600

    Sales

  • Current Sale Contract Date: Nov 02, 2016
  • Current Sale Recording Date: Jan 12, 2017
  • Current Sale Transaction ID: 1806206512
  • Current Sale Price: $143,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017001921
  • Previous Sale Recording Date: Jan 21, 2004
  • Previous Sale Contract Date: Jan 02, 2004
  • Previous Sale Amount: $118,745
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PEAPACK GLADSTONE BANK
  • First Mortgage Transaction Date: Jan 12, 2017
  • First Mortgage Loan Amount: $135,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: INVESTORS SAVINGS BANK
  • Previous Mortgage Transaction Date: Jan 21, 2004
  • Previous Mortgage Loan Amount: $94,000

About Somerset



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Frequently Asked Questions

What neighborhood is 3512 Balsam Way located in?
The 3512 Balsam Way is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 3512 Balsam Way?
The average sales price for units in 3512 Balsam Way is $0 currently.

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