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70 Vanderveer Drive

70 Vanderveer Drive, Basking Ridge, NJ 07920
Property in Somerset
Sold Jan 11, 2022
$1,220,000
$960,000 by Amerisave Mortgage Corp
Mortgage Due Feb 01, 2052
Sold Dec 17, 1996
$471,818
$200,000 by Summit Bank
Mortgage
Local assessors in Basking Ridge, NJ have categorized 70 Vanderveer Drive as a residential type of property. The home was built in 1996 and is 28 years old. The property's lot size has been calculated to be 18,295 square feet. If we look only at the heated or air conditioned part of the building, then 70 Vanderveer Drive has a total of 3,339 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. 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, 70 Vanderveer Drive was last sold in Dec 30, 2021 for $1,220,000. According to our calculations, that's $365.38 per sqft. Prior to that sales transaction, the property was sold for $471,818 in Dec 12, 1996. Current property owners are expected to pay $22,664 in taxes per year. The property on 70 Vanderveer Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,201,700. To break that down further, the land itself was valued at $411,600. While improvements to the property were assessed at a total of $790,100. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Total Building Area: 3,339
  • Building Area: 3,339
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,339
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.42
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: CORNELL WILLIAMSBURG

Ownership

  • Current Owner : SINGH RUPINDER
  • Current Owner 2: CHAUDHARI MANMEET K
  • Previous Owner : DACOSTA EDWARD J
  • Previous Owner 2: DACOSTA ELAINE
  • Owner Before Previous Owner: BERNARDS CHASE LP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: PRD5

Geography

  • Assessors Map Reference: TAX MAP 46
  • District: 02
  • Parcel: 02 09701-0000-00040
  • Block: 9701
  • Lot: 40
  • Municipality: BERNARDS TWP
  • Latitude: 40.6625
  • Longitude: -74.6218

    Address

  • Full Address: 70 Vanderveer Dr
  • Address - House Number: 70
  • Address - Street Name: Vanderveer
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R005
  • 4-Digit Zip Code: 3746
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,664

    Appraisal Valuation

  • Standard Deviation: 0.1403
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 1,404,402
  • High Value: 1,601,545
  • Low Value: 1,207,259

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $960,000
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jan 11, 2022
  • First Open Lien Mortgage Loan Amount: $960,000
  • 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: Feb 01, 2052

    Market Valuation

  • Market Total Value: $1,200,140
  • Market Land Value: $411,066
  • Market Improvement Value: $789,074

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,201,700
  • Assessed Land Value: $411,600
  • Assessed Improvements Value: $790,100

    Sales

  • Current Sale Contract Date: Dec 30, 2021
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Transaction ID: 11877355541
  • Current Sale Price: $1,220,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022001580
  • Previous Sale Recording Date: Dec 17, 1996
  • Previous Sale Contract Date: Dec 12, 1996
  • Previous Sale Amount: $471,818
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Mortgage Transaction Date: Jan 11, 2022
  • First Mortgage Loan Amount: $960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT BANK
  • Previous Mortgage Transaction Date: Dec 17, 1996
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360

About Somerset



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 70 Vanderveer Drive located in?
The 70 Vanderveer Drive is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 70 Vanderveer Drive?
The average sales price for units in 70 Vanderveer Drive is $0 currently.

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