5 Arbor Circle

Local assessors in Basking Ridge, NJ have categorized 5 Arbor Circle as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 1,648 square feet. If we look only at the heated or air conditioned part of the building, then 5 Arbor Circle has a total of 1,951 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 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, 5 Arbor Circle sold most recently in Dec 27, 2017 for a total of $488,000. If you work out the math, that's approximately a cost of $250.13 per sqft. Before that, the property was also sold for $385,500 in Aug 23, 2003. 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 $10,158 in taxes each year. 5 Arbor Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $538,600. If we break it down further, the land itself was valued at $166,300. Improvements to the property, however, were assessed at a total of $372,300. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.