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40 Quincy Road

40 Quincy Road, Basking Ridge, NJ 07920
House in Somerset
Sold Oct 20, 2020
$630,000
$567,000 by American Federal Mortgage Corp
Mortgage Due Nov 01, 2050
40 Quincy 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 1968 and is 56 years old. The building has a total of 2 stories. In addition, 40 Quincy Road has 2,165 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 47,480 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 are a total of 2 available parking spaces. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Quincy Road sold most recently in Oct 8, 2020 for a total of $630,000. If you work out the math, that's approximately a cost of $290.99 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,186 in taxes each year. 40 Quincy Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $752,200. If we break it down further, the land itself was valued at $401,800. Improvements to the property, however, were assessed at a total of $350,400. The property's total assessed value has been marked as more than the total market value 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Total Rooms: 8
  • 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: 47,480
  • Total Building Area: 2,165
  • Building Area: 2,165
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,165
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.09
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JHA VINEET
  • Current Owner 2: MISHRA MANISHA
  • Previous Owner : HODGSON GARRETT G
  • Previous Owner 2: HODGSON MARY P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: TAX MAP 35
  • District: 02
  • Parcel: 02 05401-0000-00005
  • Block: 5401
  • Lot: 5
  • Municipality: BERNARDS TWP
  • Latitude: 40.68
  • Longitude: -74.5634

    Address

  • Full Address: 40 Quincy Rd
  • Address - House Number: 40
  • Address - Street Name: Quincy
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C005
  • 4-Digit Zip Code: 2245
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,186

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 819,466
  • High Value: 967,951
  • Low Value: 670,981

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $567,000
  • First Open Lien Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 20, 2020
  • First Open Lien Mortgage Loan Amount: $567,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $751,223
  • Market Land Value: $401,278
  • Market Improvement Value: $349,945

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $752,200
  • Assessed Land Value: $401,800
  • Assessed Improvements Value: $350,400

    Sales

  • Current Sale Contract Date: Oct 08, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Transaction ID: 11793647778
  • Current Sale Price: $630,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020050806

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 20, 2020
  • First Mortgage Loan Amount: $567,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Somerset



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Frequently Asked Questions

What neighborhood is 40 Quincy Road located in?
The 40 Quincy Road is a house located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 40 Quincy Road?
The average sales price for units in 40 Quincy Road is $0 currently.

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