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Single Family ResidenceResidential
$1,261,892$420 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $729,000 on Oct 10, 2003

40 PENWOOD RD

BASKING RIDGE, NJ 07920
0
Baths
3,005 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.93 ac
Lot SizeThe size of the land the home sits on, from county records.
1966
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
9
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$1.3M
$1.2M low$1.4M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$729,000 · Oct 10, 2003

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$18,956 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$1,249,300 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$438,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$810,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,123,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$1,249,300

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.45
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
20
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
67
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
97
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
43
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Colonial
CountySOMERSET
Lot (acres)The size of the land the home sits on, from county records.0.93
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
William Annin Middle SchoolA
Middle · Grades 6–8 · 0.7 mi
E
Liberty Corner Elementary SchoolA
Elementary · Grades PK–5 · 1.1 mi
H
Ridge High SchoolB+
High · Grades 9–12 · 1.7 mi

District: Bernards Township School District

Neighborhood · ZIP 07920These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.20
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.96
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.102

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.36%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.28,676
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,109 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$170,540
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$228,687
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.51 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

40 Penwood Rd measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 89% of homes in Somerset County
  • Costs more per square foot than 82% of homes in Somerset County
  • Bigger than 83% of homes in Somerset County
  • Has a bigger lot than 77% of homes in Basking Ridge 07920
  • Older than 74% of homes in Basking Ridge 07920

What homes are worth in Basking Ridge 07920

Each bar is how many homes fall in that price range. The marker is this home.

This home
$276K$2.5M

This home is worth more than 70% of homes in Basking Ridge 07920.

How it measures up in Basking Ridge 07920

The dot is this home. The mark in the middle is the typical home in Basking Ridge 07920.

Estimated value$1,261,892
CheaperTypical $959,931Pricier

Pricier than 70% of homes nearby

Price per ft²$420
CheaperTypical $423Pricier

Pricier than 47% of homes nearby

Living area3,005 ft²
SmallerTypical 2,150 ft²Bigger

Bigger than 75% of homes nearby

Lot size0.93 ac
SmallerTypical 0.33 acBigger

Bigger than 77% of homes nearby

Year built1966
OlderTypical 1986Newer

Newer than 26% of homes nearby

How 40 Penwood Rd ranks against every home in each area.
MeasureThis homeBasking Ridge 07920Somerset County
Estimated valuepricier than$1,261,89270% of homes89% of homes
Price per ft²pricier than$42047% of homes82% of homes
Living areabigger than3,005 ft²75% of homes83% of homes
Lot sizebigger than0.93 ac77% of homes77% of homes
Year builtnewer than196626% of homes37% of homes

About 40 Penwood Rd

How much is 40 Penwood Rd, Basking Ridge, NJ worth?

The TopHap Estimate for 40 Penwood Rd, Basking Ridge, NJ is $1,261,892 as of Jul 14, 2026. The likely range is $1,164,724 to $1,359,060. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 Penwood Rd, Basking Ridge, NJ last sell?

40 Penwood Rd, Basking Ridge, NJ last sold on Oct 10, 2003 for $729,000, according to the county's recorded deed.

How big is 40 Penwood Rd, Basking Ridge, NJ?

40 Penwood Rd, Basking Ridge, NJ has 3,005 square feet of living space and a 0.93-acre lot.

When was 40 Penwood Rd, Basking Ridge, NJ built?

40 Penwood Rd, Basking Ridge, NJ was built in 1966, making it 60 years old. It is a colonial home. The building has 2 stories.

What schools serve 40 Penwood Rd, Basking Ridge, NJ?

40 Penwood Rd, Basking Ridge, NJ is assigned to William Annin Middle School (middle), rated A; Liberty Corner Elementary School (elementary), rated A; Ridge High School (high), rated B+. All sit in Bernards Township School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 Penwood Rd, Basking Ridge, NJ compare to other homes in Basking Ridge 07920?

Among the 9,639 homes in Basking Ridge 07920, it is worth more than 70% of them ($1,261,892 against a typical $959,931), its price per square foot is higher than 47% of them ($420 against a typical $423), it is bigger than 75% of them (3,005 ft² against a typical 2,150 ft²), its lot is bigger than 77% of them (0.93 ac against a typical 0.33 ac) and it is newer than 26% of them (1966 against a typical 1986). Measured against all of Somerset County, it is worth more than 89% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40 Penwood Rd, Basking Ridge, NJ?

The 2025 property tax bill for 40 Penwood Rd, Basking Ridge, NJ was $18,956. The county assessed it at $1,249,300.

More homes on Penwood Rd

Closest homes

More homes in Basking Ridge 07920

Assigned schools

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See this home in context

Open 40 Penwood Rd on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

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