Check Availability

7 Springfield Lane

7 Springfield Lane, Basking Ridge, NJ 07920
Property in Somerset
Sold Jun 21, 2021
$849,000
$504,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2051
Sold Apr 01, 2019
$773,000
$579,750 by Wells Fargo Bank Na
Mortgage Due Apr 01, 2049
7 Springfield Lane 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 1998 and is 26 years old. In addition, 7 Springfield Lane has 3,403 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 9,148 square feet.

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 Jun 7, 2021 for $849,000. That's $249.49 per sqft. Prior to that sales transaction, the property was also sold in Mar 26, 2019 for $773,000. 7 Springfield Lane was last assessed in 2023. The total value of the property was assessed at $888,500. Specifically, the land the property is located on was valued at $301,600. While improvements on the property were assessed at a total of $586,900. 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 $16,757. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 3,403
  • Building Area: 3,403
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,403
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: BIRKDALE II

Ownership

  • Current Owner : CHAN SIU FUNG
  • Current Owner 2: LEUNG HUNG LIN
  • Previous Owner : KUO RICHARD
  • Previous Owner 2: CHANG SHIRLEY
  • Owner Before Previous Owner: MARDER WALTER S
  • Owner Before Previous Owner 2: ESTATE OF FREDERICK R MARDER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: PRD5

Geography

  • Assessors Map Reference: TAX MAP 47
  • District: 02
  • Parcel: 02 09902-0000-00050
  • Block: 9902
  • Lot: 50
  • Municipality: BERNARDS TWP
  • Latitude: 40.6608
  • Longitude: -74.617

    Address

  • Full Address: 7 Springfield Ln
  • Address - House Number: 7
  • Address - Street Name: Springfield
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R009
  • 4-Digit Zip Code: 4914
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,757

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,107,214
  • High Value: 1,259,287
  • Low Value: 955,140

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $504,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 21, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $504,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $887,346
  • Market Land Value: $301,208
  • Market Improvement Value: $586,138

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $888,500
  • Assessed Land Value: $301,600
  • Assessed Improvements Value: $586,900

    Sales

  • Current Sale Contract Date: Jun 07, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Transaction ID: 11840535678
  • Current Sale Price: $849,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021038347
  • Previous Sale Recording Date: Apr 01, 2019
  • Previous Sale Contract Date: Mar 26, 2019
  • Previous Sale Amount: $773,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 21, 2021
  • First Mortgage Loan Amount: $504,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Apr 01, 2019
  • Previous Mortgage Loan Amount: $579,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2049

About Somerset



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 8 Dorchester Dr, Bernards Twp., NJ, 07920-3805

$3,850 /mo

  • 2 Beds
  • 2.5 Baths
8 Dorchester Dr, Bernards Twp., NJ, 07920-3805 Listing by HUI C. CHANG
Unit for rent at 2435 Lamington Rd, Bedminster Twp., NJ, 07921

$3,800 /mo

  • 2 Beds
  • 2 Baths
2435 Lamington Rd #122, Bedminster Twp., NJ, 07921 Listing by SUSAN POWERS

Frequently Asked Questions

What neighborhood is 7 Springfield Lane located in?
The 7 Springfield Lane is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 7 Springfield Lane?
The average sales price for units in 7 Springfield Lane is $0 currently.

Quantcast