Score
0Bedminster, NJ
10 Smoke Rise Ln
869K
4 beds
3 baths
2,350 sqft
4 bd • 3 ba • 2,350 sf
This analysis was generated on 2/8/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$869,000
Price/Sq.Ft
$370
Year Built
1987
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Updated and Move-In Ready: The property has been recently updated, including the kitchen and bathrooms, reducing the need for immediate renovations and repairs. The description emphasizes a maintenance-free exterior, adding to its appeal.
• Desirable Community Amenities: The Hills community offers a range of amenities, including pools, tennis courts, a clubhouse, walking trails, and playgrounds, enhancing the lifestyle for residents.
• Excellent School District: Located near Bedminster Township Elementary School (rated 8/10), the property is attractive to families with children.
• Private Setting: The cul-de-sac lot provides a private and tranquil setting, appealing to buyers seeking peace and quiet.
• Newer Systems and Roof: The presence of newer major systems and roof provides peace of mind and reduces the likelihood of costly repairs in the near future.
The Bad
• Relatively High Price per Square Foot: At $369.79/sqft, the property is priced at the higher end compared to the average of $300/sqft for similar homes in Somerset County. This could indicate overpricing or reflect recent renovations.
• Reliance on HOA: While offering amenities, the HOA introduces monthly fees and potential restrictions on property use and modifications.
• Moderate Fire Risk: A fire risk of 3/10 suggests a need for homeowner's insurance.
• Commuting Considerations: Bedminster's location may present commuting challenges, particularly for those working in New York City. Factor in commute times and transportation costs.
The Ugly
• High Total Cost of Ownership: Combining the mortgage payment (~$4,600/month), estimated property taxes (high for Bedminster), insurance ($3,128.4/year or ~$260/month), and potential HOA fees, the total monthly cost of ownership could be substantial.
• Potential Septic System Issues: If the property relies on a septic system, unexpected repairs or replacement can be a significant financial burden. A new septic system can cost between $10,000 and $20,000.
• Wind Risk Insurance Costs: A major wind risk (6/10) may translate to higher insurance premiums compared to areas with lower wind risk. Obtain quotes from multiple insurance providers to assess the potential cost.
• Dependence on Car: Due to Bedminster's rural character and limited commercial development, residents are heavily reliant on cars for commuting and errands. This dependence adds to transportation costs and potential traffic congestion.
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Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking Updated Move-In Ready Homes: The property's recent renovations, including the kitchen and bathrooms, and maintenance-free exterior make it ideal for those looking to avoid immediate projects.
• Homeowners Valuing Community Amenities: The Hills community offers access to pools, tennis courts, a clubhouse, walking trails, and playgrounds, appealing to those who enjoy an active lifestyle and social engagement.
• Buyers Prioritizing School Quality: Located 1.4 miles from Bedminster Township Elementary School (rated 8/10), this home is well-suited for families placing a high value on education.
• Individuals Seeking Low-Maintenance Living: The recent exterior updates (reseeding lawn, resurfacing driveway, restaining deck) and newer major systems provide peace of mind and reduce the likelihood of near-term repairs.
• Buyers Comfortable with HOA Fees: Individuals who find value in the HOA-provided common area maintenance and community amenities, and who have factored the associated costs into their budget.
Not For
• Buyers Seeking Very Low Property Taxes: Bedminster has relatively high property taxes compared to the national average, which may not be suitable for those on a strict budget.
• Buyers Requiring a Large Lot or Acreage: While the property offers a private setting, it's within a cul-de-sac lot and may not appeal to buyers seeking substantial land or rural acreage.
• Buyers Prioritizing Proximity to Extensive Retail and Dining: Bedminster's rural character means fewer local shopping and dining options; those seeking immediate access to urban amenities may find the location limiting.
• Buyers Unwilling to Live in an HOA Community: The mandatory HOA with its rules and regulations might not suit buyers who prefer complete autonomy over their property.
• Buyers Sensitive to Moderate Fire or Wind Risk: The moderate fire risk (3/10) and major wind risk (6/10) may deter buyers seeking properties with minimal environmental risks.
Demographics
Area Median Income
$118,382
Property History
Price History
Ownership Timeline
$775,000Financed
Sep 16, 2022Tony J Fu, Cristina Stepan FuAshish Thakur, Elisabeth Lara Hyland
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$645,000Financed
Jan 28, 2019Dane Christiansen, Karolina PiorekTony J Fu, Cristina Stepan-Fu
Deed
Standard Sale (Purchase/Resales)
$620,000Financed
Feb 23, 2013Stephen L Greene, Doreen S GreeneDane Christiansen, Karolina Piorek
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$660,000Financed
Nov 28, 2005Marie D SuozzoStephen L Greene, Doreen S Greene
Deed
Standard Sale (Purchase/Resales)
$305,000Financed
Oct 30, 1993Kenneth LopianMarie Suozzo
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$9,515
2024 Tax Assessment
0.6%from previous year
Assessed Value$749,200
Tax Rate1.27%
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Climate Risks
windMAJOR
Insurance: Required
heatMODERATE
7 extreme heat days per year
98th percentile: 99°F
airMINIMAL
3 bad air quality days per year
fireMINIMAL
Insurance: Recommended
floodMINIMAL
FEMA Zone: Minimal Risk Area
Insurance: Optional
Risk Analysis
• High Property Taxes: Bedminster's property taxes are a significant expense. Budget carefully and consider the potential for future increases. Check the tax history of the property to understand past trends.
• Wind Risk: The major wind risk (6/10) necessitates comprehensive insurance coverage. Assess the property's vulnerability to wind damage and consider mitigation measures such as hurricane shutters.
• Septic System (Potential): While not explicitly mentioned, homes in Bedminster often have septic systems. If applicable, obtain a professional inspection to assess the system's condition and lifespan. Budget for potential maintenance or replacement costs, which can be substantial ($10,000-$20,000).
• HOA Restrictions: Review the HOA documents carefully to understand all rules, regulations, and restrictions. Be aware of potential limitations on renovations, landscaping, or exterior modifications.
• Market Fluctuations: Monitor local market trends in Bedminster. Changes in interest rates or economic conditions could impact property values and resale potential.
Insurance
Annual Cost
$3,128
$261 per month
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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$869 monthly
$261 monthly
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Schools
Bedminster Township Elementary School
Public•Grades PK-8
8/5
Primary
1.4 mi
Financials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$869,000
Price/sqft
$370
Layout
4 bd•3 ba
Days on market
25 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,016,667
14.5%
Your price is 14.5% below average
Median Price
$1,060,000
18.0%
Based on 6 recent sales
Price per Sq.Ft
N/A
No price per sq.ft data available
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| $1,060,000 | N/A | 3 | 3 | N/A | 10/16/2024 | |
| $1,430,000 | N/A | 4 | 3 | N/A | 9/4/2024 | |
| $1,200,000 | N/A | 3 | 3 | N/A | 8/29/2024 | |
| $735,000 | N/A | 3 | 2 | N/A | 12/13/2024 | |
| $920,000 | N/A | 3 | 2 | N/A | 10/31/2024 | |
| $755,000 | N/A | 3 | 2 | N/A | 10/18/2024 |
Price: $1,060,000
Sq.Ft: N/A
Beds/Baths: 3/3
$/Sq.Ft: N/A
Sale Date: 10/16/2024
Price: $1,430,000
Sq.Ft: N/A
Beds/Baths: 4/3
$/Sq.Ft: N/A
Sale Date: 9/4/2024
Price: $1,200,000
Sq.Ft: N/A
Beds/Baths: 3/3
$/Sq.Ft: N/A
Sale Date: 8/29/2024
Price: $735,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 12/13/2024
Price: $920,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 10/31/2024
Price: $755,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 10/18/2024
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