NOT LISTED FOR SALE

124 Potomac Dr Unit 4 Basking Ridge, NJ 07920

Estimated Value: $436,371 - $463,000

2 Beds
2 Baths
1,050 Sq Ft
$321/mo HOA Fee

Last Sold June 14, 2019

Last sale price $274,000 $261 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,355/month

56 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Cathedral Ceiling
  • Cedar Hill Elementary School Rated A
  • Deck
  • Tennis Courts

About This Home

As of June 2019

GH1050 (Essex) Model /Madison Village. Top-level. Cathedral ceiling / skylights/ ceiling fan. Interior painted/ Mar 2019. Stainless-steel appliances 2018 /2019. Water heater 2015. Granite counters. 24' x 20' basement storage. Garage with opener. On-site Community Manager, playground, tennis court, clubhouse & bicycle / walking paths / bocce court. 326-acre well-manicured community borders over 100 acres of undisturbed nature. No dogs allowed in complex.

Last Agent to Sell the Property

HEATHER ODONNELL

WEICHERT REALTORS Listed on: 03/27/2019

Last Buyer's Agent

Anne Dealmeida

WEICHERT REALTORS

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,407

Year Built

  • Built in 1994

Lot Details

  • 436

HOA Fees

  • $321 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Shared Driveway
  • Additional Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Thermal Windows
  • Window Treatments
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Laminate Flooring
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

  • Cedar Hill Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00041-0000-CONDO
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-exterior, snow removal, maintenance-common area
  • $42 Other Monthly Fees

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Pet Policy

  • Cats Allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,407

Year Built

Built in 1994

Lot Details

0

HOA Fees

$321 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1994
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 124
  • Directions: King George Rd to Spring Ridge entrance (Spring Valley Blvd) to 5th left at Potomac to 3rd drive on right, to #124, upstairs.
  • I D: 4882359
  • Modified: 2021-09-23
  • Number Images: 20
  • Section Subdiv Development: Spring Ridge
  • First Name: HEATHER
  • First Name3: ANNE
  • Last Name: ODONNELL
  • Last Name3: DEALMEIDA
  • Office Phone: 908-212-6015
  • Office Phone3: 908-757-7780
  • Attribution Contact: 908-781-1000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: TubShowr, StallShw, Fire Extinguisher, Window Treatments, Carbon Monoxide Detector, Skylight, Cathedral Ceiling, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Partial, Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x8
  • Kitchen Level: Second
  • Living Room Dim: 22x14
  • Living Room Level: Second
  • Other Room 1: Storage Room
  • Other Room1 Dim: 24x20
  • Other Room1 Level: Basement
  • Other Room 2: Bathroom
  • Other Room2 Dim: 10x5
  • Other Room2 Level: Second
  • Other Room 3: Bathroom
  • Other Room3 Dim: 10x5
  • Other Room3 Level: Second
  • Other Room 4: Foyer
  • Other Room4 Dim: 10x5
  • Other Room4 Level: Second
  • Level 2 Rooms: Laundry Room, Utility Room, 2 Bedrooms, Living Room, Dining Room, Bath Main, Bath(s) Other, Kitchen
  • Estimated Sq Ft: 1050
  • Phone: 908-781-1000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Detached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: Additional Parking, Blacktop, Common

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer, Sewer Charge Extra
  • Utilities: All Underground
  • Water: Association, Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Jogging/Biking Path, Tennis Courts
  • Association Maintenance Fee: 321
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Maintenance-Common Area

Fee Information

  • Other Fee Freqency: Annually
  • Other Fees: 500

Schools

  • Elementary School: CEDAR HILL
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: Common Area
  • Assessed Improvement Value: 146700
  • Assessed Land Value: 123000
  • Assessment: 269700
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 41
  • Lot I D Tax: *
  • Zoning: Condominium

Rental Info

  • Pets Allowed: CatsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5407
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00041-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2019
Closed on
Jun 25, 2019
Sold by
Bright Kevin N and Bright Dyna
Bought by
Nancy Vaniccky
Seller's Agent
HEATHER ODONNELL
WEICHERT REALTORS
Buyer's Agent
Anne Dealmeida
WEICHERT REALTORS
List Price
$289,000
Sold Price
$274,000
Premium/Discount to List
-$15,000
-5.19%
Total Days on Market
56
Current Estimated Value
$450,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,093
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Bright Keview
Bought by
Bright Kevin and Bright Dyna

Purchase Details

Listed on
Nov 30, 2012
Closed on
Nov 28, 2012
Sold by
Mejia Juan D and Mejia Stephanie L
Bought by
Bright Kevin N
Seller's Agent
PHILIP M GATTI
WEICHERT REALTORS
Sold Price
$267,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$254,125
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Caracitas Alexandra
Bought by
Mejia Juan D and Mejia Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.28%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 30, 2004
Sold by
Familletti Philip J
Bought by
Caracitas Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
5.39%

Purchase Details

Closed on
Mar 7, 2002
Sold by
Allen Daniel
Bought by
Familletti Phillip and Familletti Lorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.04%

Purchase Details

Closed on
Feb 28, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Giaido Jennifer and Allen Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.07%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nancy Vaniccky $274,000 None Available
Bright Kevin -- None Available
Bright Kevin N $267,500 None Available
Mejia Juan D $275,000 Fidelity Natl Title Ins Co
Caracitas Alexandra $319,000 --
Familletti Phillip $210,000 --
Giaido Jennifer $133,672 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bright Kevin N $254,125
Previous Owner Mejia Juan D $217,600
Previous Owner Mejia Juan D $220,000
Previous Owner Caracitas Alexandra $303,000
Previous Owner Familletti Phillip $147,000
Previous Owner Giaido Jennifer $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $274,000 -5.2% $261 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $289,000 +8.0% $275 / Sq Ft
11/30/2012 11/30/12 Sold $267,500 -- $255 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,170 $346,800 $124,000 $222,800
2023 $5,856 $310,500 $124,000 $186,500
2022 $5,733 $285,100 $120,000 $165,100
2021 $5,718 $271,000 $120,000 $151,000
2020 $5,423 $259,000 $115,000 $144,000
2019 $5,526 $271,700 $125,000 $146,700
2018 $5,407 $269,700 $123,000 $146,700
2017 $5,448 $273,900 $123,000 $150,900
2016 $5,073 $260,000 $123,000 $137,000
2015 $4,953 $258,500 $120,000 $138,500
2014 $4,845 $250,500 $120,000 $130,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3542486

Garden State MLS

APN: 02-08701-0000-00041-0000-CONDO