Sold Apr 25, 2013
$212,575
Buyer
Seller
$159,431
by Wells Fargo Bank Na
Mortgage Due May 01, 2028
Sold Jun 06, 2001
$181,500
Buyer
Seller
$171,500
by Weichert Financial
Mortgage
62 Commonwealth Drive 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 1987 and is 37 years old.
In addition, 62 Commonwealth Drive has 950 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 490 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. The property was last sold in Apr 4, 2013 for $212,575. That's $223.76 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2001 for $181,500. 62 Commonwealth Drive was last assessed in 2023. The total value of the property was assessed at $264,800. Specifically, the land the property is located on was valued at $124,000. While improvements on the property were assessed at a total of $140,800. 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 $4,994. 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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Apr 4, 2013 for $212,575. That's $223.76 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2001 for $181,500. 62 Commonwealth Drive was last assessed in 2023. The total value of the property was assessed at $264,800. Specifically, the land the property is located on was valued at $124,000. While improvements on the property were assessed at a total of $140,800. 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 $4,994. 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.
62 Commonwealth Drive, Basking Ridge, NJ 07920
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