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20 Independence Drive

20 Independence Drive, Basking Ridge, NJ 07920
Property in Somerset
Sold Aug 04, 1999
$643,175
20 Independence 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 1999 and is 25 years old. In addition, 20 Independence Drive has 4,135 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 21,344 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 Jul 30, 1999 for $643,175. That's $155.54 per sqft. 20 Independence Drive was last assessed in 2023. The total value of the property was assessed at $1,352,100. Specifically, the land the property is located on was valued at $419,700. While improvements on the property were assessed at a total of $932,400. 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 $25,501. 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: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 4,135
  • Building Area: 4,135
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,135
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.49
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HANXUAN CHE
  • Current Owner 2: LI BI HUA
  • Previous Owner : HILL INDEPENDENCE
  • 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 2
  • District: 02
  • Parcel: 02 10201-0000-00008
  • Block: 10201
  • Lot: 8
  • Municipality: BERNARDS TWP
  • Latitude: 40.6558
  • Longitude: -74.6038

    Address

  • Full Address: 20 Independence Dr
  • Address - House Number: 20
  • Address - Street Name: Independence
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R002
  • 4-Digit Zip Code: 3815
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,501

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,469,694
  • High Value: 1,671,554
  • Low Value: 1,267,835

    Market Valuation

  • Market Total Value: $1,350,344
  • Market Land Value: $419,155
  • Market Improvement Value: $931,189

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,352,100
  • Assessed Land Value: $419,700
  • Assessed Improvements Value: $932,400

    Sales

  • Current Sale Contract Date: Jul 30, 1999
  • Current Sale Recording Date: Aug 04, 1999
  • Current Sale Transaction ID: 1192762816
  • Current Sale Price: $643,175
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HUDSON CITY SAV
  • First Mortgage Transaction Date: Aug 04, 1999
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360

About Somerset



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Frequently Asked Questions

What neighborhood is 20 Independence Drive located in?
The 20 Independence Drive is a located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 20 Independence Drive?
The average sales price for units in 20 Independence Drive is $0 currently.

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