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4 Forbes Court

4 Forbes Court, Basking Ridge, NJ 07920
Property in Somerset
Sold May 14, 2021
$930,000
$500,000 by Jpmorgan Chase Bank Na
Mortgage Due May 01, 2051
Sold Aug 20, 2001
$660,000
$528,000 by Commerce Bank
Mortgage
4 Forbes Court in Basking Ridge, NJ was first built in 1981 and is 43 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 colonial style. There are a total of 2 floors. 4 Forbes Court has 2,983 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 30,056 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Apr 13, 2021 for $930,000. That's $311.77 per sqft. Prior to that sales transaction, the property was also sold in Aug 14, 2001 for $660,000. 4 Forbes Court was last assessed in 2023. The total value of the property was assessed at $1,001,900. Specifically, the land the property is located on was valued at $388,800. While improvements on the property were assessed at a total of $613,100. 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 $18,896. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 2,983
  • Building Area: 2,983
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,983
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINAL MAP OF RAVEN RIDGE
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KUNG TIFFANY L
  • Current Owner 2: KUNG FRANK H
  • Previous Owner : SHAW JULIE A
  • Owner Before Previous Owner: SCHMIDT JAMES
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: TAX MAP 23
  • District: 02
  • Parcel: 02 02703-0000-00010
  • Block: 2703
  • Lot: 10
  • Municipality: BERNARDS TWP
  • Latitude: 40.6976
  • Longitude: -74.5504

    Address

  • Full Address: 4 Forbes Ct
  • Address - House Number: 4
  • Address - Street Name: Forbes
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C015
  • 4-Digit Zip Code: 1437
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,896

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 1,147,677
  • High Value: 1,352,364
  • Low Value: 942,990

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 14, 2021
  • 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: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $1,000,599
  • Market Land Value: $388,295
  • Market Improvement Value: $612,304

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,001,900
  • Assessed Land Value: $388,800
  • Assessed Improvements Value: $613,100

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Transaction ID: 11836609193
  • Current Sale Price: $930,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021030564
  • Previous Sale Recording Date: Aug 20, 2001
  • Previous Sale Contract Date: Aug 14, 2001
  • Previous Sale Amount: $660,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 14, 2021
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COMMERCE BANK
  • Previous Mortgage Transaction Date: Aug 20, 2001
  • Previous Mortgage Loan Amount: $528,000

About Somerset



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Frequently Asked Questions

What neighborhood is 4 Forbes Court located in?
The 4 Forbes Court is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 4 Forbes Court?
The average sales price for units in 4 Forbes Court is $0 currently.

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