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57 Spencer Road

57 Spencer Road, Basking Ridge, NJ 07920
Property in Somerset
Sold Oct 28, 2020
$685,000
$648,000 by Atlantic Home Loans Inc
Mortgage Due Nov 01, 2050
Sold Apr 23, 2004
$449,900
$333,500 by Flagstar Bank Fsb
Mortgage
Local assessors in Basking Ridge, NJ have categorized 57 Spencer Road as a residential type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 23,087 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 57 Spencer Road has a total of 2,216 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Oct 22, 2020 for $685,000. That's $309.12 per sqft. Prior to that sales transaction, the property was also sold in Apr 20, 2004 for $449,900. 57 Spencer Road was last assessed in 2023. The total value of the property was assessed at $709,100. Specifically, the land the property is located on was valued at $360,600. While improvements on the property were assessed at a total of $348,500. 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 $13,374. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1946
  • Effective Year Built: 1946
  • Total Rooms: 7
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Split level
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 2,216
  • Building Area: 2,216
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.53
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : COMPTON DAVID WARD
  • Current Owner 2: GALLO COMPTON BARBARA
  • Previous Owner : CONVERY BRIAN
  • Previous Owner 2: CONVERY LENORE
  • Owner Before Previous Owner: MORAN JOHN H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R7

Geography

  • Assessors Map Reference: TAX MAP 17
  • District: 02
  • Parcel: 02 01901-0000-00016
  • Block: 1901
  • Lot: 16
  • Municipality: BERNARDS TWP
  • Latitude: 40.7017
  • Longitude: -74.5544

    Address

  • Full Address: 57 Spencer Rd
  • Address - House Number: 57
  • Address - Street Name: Spencer
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C015
  • 4-Digit Zip Code: 1816
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,374

    Appraisal Valuation

  • Standard Deviation: 0.1358
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 901,049
  • High Value: 1,023,495
  • Low Value: 778,602

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $648,000
  • First Open Lien Mortgage Lender: ATLANTIC HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Oct 28, 2020
  • First Open Lien Mortgage Loan Amount: $648,000
  • 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: $708,180
  • Market Land Value: $360,132
  • Market Improvement Value: $348,048

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $709,100
  • Assessed Land Value: $360,600
  • Assessed Improvements Value: $348,500

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Transaction ID: 11795404959
  • Current Sale Price: $685,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020052856
  • Previous Sale Recording Date: Apr 23, 2004
  • Previous Sale Contract Date: Apr 20, 2004
  • Previous Sale Amount: $449,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC HOME LOANS INC
  • First Mortgage Transaction Date: Oct 28, 2020
  • First Mortgage Loan Amount: $648,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Apr 23, 2004
  • Previous Mortgage Loan Amount: $333,500

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 57 Spencer Road located in?
The 57 Spencer Road is a other located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 57 Spencer Road?
The average sales price for units in 57 Spencer Road is $689,999 currently.

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