NOT LISTED FOR SALE

13 Potomac Dr Unit 1 Basking Ridge, NJ 07920

Estimated Value: $327,735 - $350,000

1 Bed
1 Bath
750 Sq Ft
$346/mo HOA Fee

Last Sold January 29, 2021

Last sale price $240,000 $320 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,648/month

8 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Wood Flooring
  • Cedar Hill Elementary School Rated A
  • Deck
  • Tennis Courts

About This Home

As of January 2021

Beautifully renovated open floorplan unit. The updated kitchen features granite countertops, tile backsplash and plenty of cabinet space. Spacious living room-dining area with recessed lighting and hardwood floors. Sliders lead to a deck which overlooks an open landscaped space, providing a peaceful place to relax. The master bedroom has a double closet complete with closet organizer. The updated full bath is easily accessed from the master bedroom, as well as from the main living area. Some of the many amenities you'll discover in this move in ready unit include a welcoming entry foyer, basement storage area, and garage. Spring Ridge amenities include: Association pool, playground, clubhouse, bike paths, and tennis courts.

Last Listed By

Cathy Splinter

COLDWELL BANKER REALTY Listed on: 12/29/2020

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,301

Year Built

  • Built in 1994

Lot Details

  • 392

HOA Fees

  • $346 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Living Room
  • Formal Dining Room
  • Unfinished Basement

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Private Pool
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00392-0000-CONDO
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
  • $1,037 Other One-Time Fees

Recreation

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

Pet Policy

  • Cats Allowed

Additional Features

  • Clubhouse
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,301

Year Built

Built in 1994

Lot Details

0

HOA Fees

$346 per month

Parking

1

Listing Details

  • Style: One Floor Unit, First Floor Unit, Townhouse-End 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: 13
  • Directions: King George to Spring Valley to Potomac
  • I D: 5036921
  • Modified: 2022-01-30
  • Number Images: 25
  • Section Subdiv Development: Spring Ridge
  • First Name: CATHY
  • First Name3: DONALD
  • Last Name: SPLINTER
  • Last Name3: PHILHOWER
  • Office Phone: 908-233-5508
  • Office Phone3: 908-295-3201
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer
  • Number Rooms: 4
  • Bedrooms: 1
  • Bedroom 1 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Dining Room Level: First
  • Kitchen Dim: 12x9
  • Kitchen Level: First
  • Living Room Dim: 12x20
  • Living Room Level: First
  • Other Room 1: Storage Room
  • Other Room1 Dim: 12x19
  • Other Room1 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Bath Main, Dining Room, Kitchen, Living Room
  • Phone: 908-233-0065

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 346
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 1037

Lot Info

  • Lot Size: MADISON VILLAGE
  • Assessed Improvement Value: 90400
  • Assessed Land Value: 115000
  • Assessment: 205400
  • Easement: Unknown
  • Lot Identifier: 392
  • Lot I D Tax: *
  • Lot Size Tax: *

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: 4301
  • Assessor Parcel Number: 2702-08701-0000-00392-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Year: 2020
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Jan 28, 2021
Sold by
Hertenstein Henry L
Bought by
13 Potomac Drive Llc
Seller's Agent
Cathy Splinter
COLDWELL BANKER REALTY
Buyer's Agent
Donald Philhower
COLDWELL BANKER REALTY
List Price
$229,000
Sold Price
$240,000
Premium/Discount to List
$11,000
4.8%
Total Days on Market
8
Current Estimated Value
$339,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,184
Avg. Annual Appreciation
8.34%

Purchase Details

Listed on
Jul 21, 2016
Closed on
Jan 10, 2017
Sold by
Brown Sheryl J
Bought by
Hertenstein Henry L
Seller's Agent
Rocco Sgro
RE/MAX FIRST REALTY
Buyer's Agent
Cathy Splinter
COLDWELL BANKER REALTY
List Price
$224,500
Sold Price
$215,000
Premium/Discount to List
-$9,500
-4.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%

Purchase Details

Closed on
Jul 25, 2009
Sold by
Singh Vijai A and Shah Palak
Bought by
Brown Sheryl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2004
Sold by
Masterson Keith
Bought by
Singh Vijai A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%

Purchase Details

Closed on
Apr 25, 2000
Sold by
Newman Donna
Bought by
Masterson Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
8.21%

Purchase Details

Closed on
Feb 28, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Newman Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
7.27%
Mortgage Type
FHA

Range of Values:

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Average Value
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List Price
Sold Price
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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
13 Potomac Drive Llc $240,000 None Listed On Document
Hertenstein Henry L $215,000 None Available
Brown Sheryl J $215,000 Stewart Title Guaranty Co
Singh Vijai A $250,000 --
Masterson Keith $142,500 --
Newman Donna $102,817 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Sheryl J $172,000
Previous Owner Singh Vijai A $200,000
Previous Owner Masterson Keith $128,250
Previous Owner Newman Donna $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $240,000 +4.8% $320 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $229,000 +6.5% $305 / Sq Ft
01/10/2017 01/10/17 Sold $215,000 -4.2% $287 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $224,500 -- $299 / 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 $4,841 $272,100 $124,000 $148,100
2023 $4,481 $237,600 $124,000 $113,600
2022 $4,396 $218,600 $120,000 $98,600
2021 $4,275 $222,200 $120,000 $102,200
2020 $4,301 $205,400 $115,000 $90,400
2019 $4,151 $204,100 $125,000 $79,100
2018 $4,024 $200,700 $123,000 $77,700
2017 $3,898 $196,000 $123,000 $73,000
2016 $3,785 $194,000 $123,000 $71,000
2015 $3,702 $193,200 $120,000 $73,200
2014 $3,736 $193,200 $120,000 $73,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3684579

Garden State MLS

APN: 02-08701-0000-00392-0000-CONDO