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6 Talmadge Lane

6 Talmadge Lane, Basking Ridge, NJ 07920
Property in Somerset
Sold Nov 12, 2019
$1,070,000
$749,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2049
Sold Sep 03, 2004
$1,199,000
Local assessors in Basking Ridge, NJ have categorized 6 Talmadge Lane as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 22,216 square feet. If we look only at the heated or air conditioned part of the building, then 6 Talmadge Lane has a total of 3,385 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. The property was last sold in Oct 22, 2019 for $1,070,000. That's $316.10 per sqft. Prior to that sales transaction, the property was also sold in Aug 27, 2004 for $1,199,000. 6 Talmadge Lane was last assessed in 2023. The total value of the property was assessed at $1,202,700. Specifically, the land the property is located on was valued at $400,200. While improvements on the property were assessed at a total of $802,500. 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 $22,683. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Total Building Area: 3,385
  • Building Area: 3,385
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,385
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: RENOIR

Ownership

  • Current Owner : WADHWANI MOHNISH
  • Current Owner 2: WADHWANI NOOR JEHAN
  • Previous Owner : KAPOOR BHISHAM
  • Previous Owner 2: KAPOOR NEERU
  • Owner Before Previous Owner: PRUDENTIAL RESIDENTIAL SERVICE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052605

Zoning

  • Zoning: PRD5

Geography

  • Assessors Map Reference: TAX MAP 67
  • District: 02
  • Parcel: 02 10301-0000-00041
  • Block: 10301
  • Lot: 41
  • Municipality: BERNARDS TWP
  • Latitude: 40.652
  • Longitude: -74.603

    Address

  • Full Address: 6 Talmadge Ln
  • Address - House Number: 6
  • Address - Street Name: Talmadge
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R002
  • 4-Digit Zip Code: 2986
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,683

    Appraisal Valuation

  • Standard Deviation: 0.1358
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,423,959
  • High Value: 1,617,465
  • Low Value: 1,230,452

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $749,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 12, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $749,000
  • 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, 2049

    Market Valuation

  • Market Total Value: $1,201,138
  • Market Land Value: $399,680
  • Market Improvement Value: $801,458

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,202,700
  • Assessed Land Value: $400,200
  • Assessed Improvements Value: $802,500

    Sales

  • Current Sale Contract Date: Oct 22, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Transaction ID: 11710547233
  • Current Sale Price: $1,070,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019043470
  • Previous Sale Recording Date: Sep 03, 2004
  • Previous Sale Contract Date: Aug 27, 2004
  • Previous Sale Amount: $1,199,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 12, 2019
  • First Mortgage Loan Amount: $749,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Somerset



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Frequently Asked Questions

What neighborhood is 6 Talmadge Lane located in?
The 6 Talmadge Lane is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 6 Talmadge Lane?
The average sales price for units in 6 Talmadge Lane is $0 currently.

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