NOT LISTED FOR SALE

166 Potomac Dr Unit 7 Basking Ridge, NJ 07920

Estimated Value: $329,000 - $352,000

1 Bed
1 Bath
750 Sq Ft
$338/mo HOA Fee

Last Sold August 21, 2020

Last sale price $230,000 $307 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,601/month

48 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Jogging Path
  • Cedar Hill Elementary School Rated A
  • Deck
  • Thermal Windows

About This Home

As of August 2020

Clean! Bright! Updated! 1St Floor Ardsley Unit w/Upgraded Cherry Kitchen Cabinets, Granite Counter Tops and New Stainless Appliances! Large Kitchen Pantry Closet, Stack-Able Washer/Dryer, Slider to Private Deck, Separate Finished Garage w/New Garage Door and Auto Door Opener. Newer HVAC and Hot-Water Heater. Scenic Views of Woods and Sunsets. Great Investment Property! Clean, Sanitized and Easy to Preview. Close to Shopping, Major Highways, NJ Transit/Train to NYC Along with the Excellent Schools of Basking Ridge!

Last Agent to Sell the Property

John Circello

BHHS FOX & ROACH Listed on: 05/30/2020

BHHS FOX & ROACH

Last Buyer's Agent

ILANA RAPP

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,090

Year Built

  • Built in 1994

Lot Details

  • 261

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Shared Driveway
  • Additional Parking
  • Parking Garage Space
  • Parking Lot

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Blinds
  • Drapes & Rods
  • Family or Dining Combination
  • Front Basement Entry

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

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
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00297-0000-CONDO
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Amenities

  • Clubhouse

Recreation

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

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,090

Year Built

Built in 1994

Lot Details

0

HOA Fees

$338 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: 166
  • Directions: King George Rd To Spring Ridge Entrance To Spring Valley Blvd To Potomac #166
  • I D: 4985429
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: SPRING RIDGE
  • First Name: JOHN J
  • First Name3: ILANA
  • Last Name: CIRCELLO
  • Last Name3: RAPP
  • Office Phone: 908-580-5000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Floor Number: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven-Gas, Refrigerator, Stackable Washer/Dryer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Drapes, Fire Extinguisher, Smoke Detector, TubShowr, Window Treatments
  • Number Rooms: 4
  • Bedrooms: 1
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Breakfast Bar, Pantry
  • Kitchen Dim: 9x9
  • Kitchen Level: First
  • Living Room Dim: 13x12
  • Living Room Level: First
  • Other Room 1: Foyer
  • Other Room1 Level: First
  • Level 1 Rooms: 1 Bedroom, Bath Main, Entrance Vestibule, Kitchen, LivDinRm
  • Phone: 908-580-5000

Exterior Features

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

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, Garage Parking
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: Additional Parking, Blacktop, Common, Lighting, Parking Lot-Exclusive, Parking Lot-Shared

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, MulSport, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 338
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

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/Madison Village
  • Assessed Improvement Value: 72300
  • Assessed Land Value: 128800
  • Assessment: 201100
  • Easement: Unknown
  • Lot Description: Backs to Park Land
  • Lot Identifier: 297
  • Lot I D Tax: *
  • Zoning: Residential

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4090
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00297-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2020
Closed on
Aug 21, 2020
Sold by
Dangio Sandra
Bought by
Varghese Martin
Seller's Agent
John Circello
BHHS FOX & ROACH
Buyer's Agent
ILANA RAPP
WEICHERT REALTORS
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%
Total Days on Market
48
Current Estimated Value
$336,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,593
Avg. Annual Appreciation
8.65%
Original Mortgage
$207,000
Outstanding Balance
$185,359
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$156,815

Purchase Details

Listed on
May 30, 2020
Closed on
Aug 11, 2020
Sold by
Dangio Sandra
Bought by
Varghese Martin
Seller's Agent
John Circello
BHHS FOX & ROACH
Buyer's Agent
ILANA RAPP
WEICHERT REALTORS
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$185,359
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$156,815

Purchase Details

Closed on
Jun 23, 2010
Sold by
Reich Christopher D
Bought by
Dangio Sandra

Purchase Details

Closed on
Jul 16, 2004
Sold by
Ruscitto Marisa
Bought by
Reich Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.28%

Purchase Details

Closed on
Mar 30, 2001
Sold by
Sutton Carol
Bought by
Ruscitto Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.96%

Purchase Details

Closed on
Sep 30, 1998
Sold by
Lucking Jon
Bought by
Sutton Carolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.74%

Purchase Details

Closed on
May 27, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Lucking John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.29%
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
Varghese Martin $230,000 Fidelity National Title
Varghese Martin $230,000 Zwiren Title Agency Inc
Dangio Sandra $212,000 Chicago Title Insurance Co
Reich Christopher D $225,000 --
Ruscitto Marisa $155,000 --
Sutton Carolo $125,000 --
Lucking John $101,455 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varghese Martin $207,000
Closed Varghese Martin $207,000
Previous Owner Reich Christopher D $175,000
Previous Owner Ruscitto Marisa $145,000
Previous Owner Sutton Carolo $100,000
Previous Owner Lucking John $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $230,000 -4.2% $307 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
05/30/2020 05/30/20 For Sale $240,000 -- $320 / 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 $4,481 $251,900 $127,700 $124,200
2023 $4,210 $223,200 $127,700 $95,500
2022 $4,157 $206,700 $123,600 $83,100
2021 $4,526 $214,500 $123,600 $90,900
2020 $4,213 $201,200 $118,500 $82,700
2019 $4,090 $201,100 $128,800 $72,300
2018 $3,890 $194,000 $123,000 $71,000
2017 $3,843 $193,200 $123,000 $70,200
2016 $3,723 $190,800 $123,000 $67,800
2015 $3,637 $189,800 $120,000 $69,800
2014 $3,671 $189,800 $120,000 $69,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3636334

Garden State MLS

APN: 02-08701-0000-00297-0000-CONDO