NOT LISTED FOR SALE

169 Potomac Dr Unit 6 Basking Ridge, NJ 07920

Estimated Value: $481,000 - $530,000

2 Beds
2 Baths
1,200 Sq Ft
$419/Sq Ft Est. Value

Last Sold May 21, 2018

Last sale price $355,000 $296 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,561/month

9 Days on Market

Highlights

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

About This Home

As of May 2018

Move right in to this Exquisitely updated Fairfax II Model. (Largest model with Den) This Penthouse unit is light & airy with cathedral ceiling and skylights. Open floor plan great for entertaining! Kitchen remodeled in 2015 w/ new soft close cabinets, granite countertops, Travertine tile back splash, new appliances, pantry closet & Radiant Heat. Laminate wood plank flooring in LR, DR & Den. Dual fireplace w/ marble tile & custom wood mantle is shared between the living room & den. Two spacious bedrooms with new carpeting (2013) & custom closet shelving. Two completely remodeled full baths (2010/2012). Recessed lighting, crown molding, new light fixtures, freshly painted (2017), HWH (2017) and so much more! Backs to view of beautiful open space and woods from the private deck. HOA allows indoor cats only.

Last Agent to Sell the Property

Michelle Reedy

KELLER WILLIAMS TOWNE SQUARE REAL Listed on: 03/12/2018

KELLER WILLIAMS TOWNE SQUARE REAL

Co-Listed By

Al Swider

KELLER WILLIAMS TOWNE SQUARE REAL

Last Buyer's Agent

Jill Cardullo

WEICHERT REALTORS

WEICHERT REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,622

Year Built

  • Built in 1994

Lot Details

  • 218

HOA Fees

  • $321 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Lot

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Storage Room
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • 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
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00295-0000-CONDO

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,622

Year Built

Built in 1994

Lot Details

0

HOA Fees

$321 per month

Parking

1

Listing Details

  • Style: One Floor Unit, Townhouse-Interior
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1994
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: King George Rd to Spring Ridge, 5th left on Potomac
  • I D: 4780323
  • Section Subdiv Development: Spring Ridge
  • First Name: MICHELLE
  • First Name2: ALAN
  • First Name3: JILL
  • Last Name: REEDY
  • Last Name2: SWIDER
  • Last Name3: CARDULLO
  • Office Phone: 908-766-0085
  • Office Phone2: 908-766-0085
  • Office Phone3: 973-543-6511
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Renovated: 2012

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: TubShowr, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Skylight, Cathedral Ceiling, Smoke Detector
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Partial
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Dining Area: Formal Dining Room
  • Den Level: Second
  • Kitchen Area: Breakfast Bar, Pantry, Eat-In Kitchen
  • Kitchen Dim: 15x10
  • Kitchen Level: Second
  • Living Room Dim: 13x11
  • Living Room Level: Second
  • Level 2 Rooms: 2 Bedrooms, Den, Living Room, Dining Room, Bath Main, Bath(s) Other, Kitchen
  • Estimated Sq Ft: 1200
  • Phone: 908-766-0085

Exterior Features

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

Garage/Parking

  • Garage Description: Garage Door Opener, Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Parking Lot-Shared, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 321
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Trash Collection, Maintenance-Common Area

Fee Information

  • Other Fee Freqency: One Time

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Unknown
  • Lot Description: Backs to Park Land
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 962
  • Pets Allowed: CatsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5622
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00295-0000-CONDO
  • Tax Rate Amount: 1.989
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2017

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
May 24, 2018
Sold by
Rivers Linda L
Bought by
Hoffman Brian and Pickton Elizabeth
Seller's Agent
Michelle Reedy
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
Jill Cardullo
WEICHERT REALTORS
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Current Estimated Value
$502,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,262
Avg. Annual Appreciation
4.70%
Original Mortgage
$284,000
Outstanding Balance
$239,844
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$262,418

Purchase Details

Closed on
Aug 29, 2007
Sold by
Park Seong W and Park Jennifer H
Bought by
Rivers Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Lombardi Maureen
Bought by
Park Seong and Lee Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
5.46%

Purchase Details

Closed on
May 10, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Lombardi Gregory and Lombardi Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
8.44%

Purchase Details

Closed on
Feb 28, 1994
Sold by
Hovnanian K
Bought by
Augello Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
6.93%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hoffman Brian $355,000 Fidelity Natl Title Ins Co
Rivers Linda L $342,000 Nrt Title Agency Llc
Park Seong $290,000 --
Lombardi Gregory $144,385 --
Augello Charles $102,880 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Brian $284,000
Previous Owner Rivers Linda L $35,000
Previous Owner Park Seong $276,500
Previous Owner Lombardi Gregory $116,000
Previous Owner Augello Charles $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2018 05/21/18 Sold $355,000 +1.4% $296 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $350,000 -- $292 / 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
2025 $7,180 $472,600 $140,000 $332,600
2024 $7,180 $403,600 $127,700 $275,900
2023 $7,118 $377,400 $127,700 $249,700
2022 $6,978 $347,000 $123,600 $223,400
2021 $6,779 $321,300 $123,600 $197,700
2020 $6,607 $315,500 $118,500 $197,000
2019 $6,545 $321,800 $128,800 $193,000
2018 $5,490 $273,800 $123,000 $150,800
2017 $5,623 $282,700 $123,000 $159,700
2016 $5,213 $267,200 $123,000 $144,200
2015 $5,187 $270,700 $120,000 $150,700
2014 $5,173 $267,500 $120,000 $147,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3452984

Garden State MLS

APN: 02-08701-0000-00295-0000-CONDO