7 Gelsey Lane

7 Gelsey Lane in Basking Ridge, NJ was first built in 1987 and is 37 years old. This has been categorized as a residential property type. 7 Gelsey Lane has 1,524 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7 Gelsey Lane was last sold in Aug 23, 2023 for $650,000. According to our calculations, that's $426.51 per sqft. Prior to that sales transaction, the property was sold for $330,000 in Jun 14, 2001. Current property owners are expected to pay $10,622 in taxes per year. The property on 7 Gelsey Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $563,200. To break that down further, the land itself was valued at $233,500. While improvements to the property were assessed at a total of $329,700. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.