NOT LISTED FOR SALE

171 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $367,433 - $430,000

2 Beds
1 Bath
-- Sq Ft
$346/mo HOA Fee

Last Sold July 09, 2021

Last sale price $266,000

Est. 49% increase in value since last sale

Current estimated payment $2,815/month

14 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Jogging Path
  • Cedar Hill Elementary School Rated A
  • Tennis Courts
  • Eat-In Kitchen

About This Home

As of July 2021

Welcome Home to this private Drexel II unit located in Madison Village section of Spring Ridge. This walk-out unit offers beautiful natural views, two bedrooms and one full bath. The primary bedroom has a large walk-in closet, the full bath offers double vanity sinks, Laundry is a full size washer and dryer. The 9x4 storage closet is located outside the front door. The Spring Ridge community offers: Clubhouse, tennis courts, in-ground outdoor pool, walking / bike paths and playground. Conveniently located near Rt 78 and Rt 287.

Last Agent to Sell the Property

Janine Rose

BHHS FOX & ROACH Listed on: 05/21/2021

BHHS FOX & ROACH

Last Buyer's Agent

Barry Goldman

CENTURY 21 PREFERRED REALTY, INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,569

Year Built

  • Built in 1994

Lot Details

  • 305

HOA Fees

  • $346 Monthly HOA Fees

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Blinds
  • Entrance Foyer
  • Living Room
  • Family or Dining Combination

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Additional Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Bedroom

Outdoor Features

  • Private Pool
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00305-0000-CONDO

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,569

Year Built

Built in 1994

Lot Details

0

HOA Fees

$346 per month

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
  • Directions: King George Rd to Spring Valley Rd (Spring Ridge Entrance) to Potomac Drive to #171
  • I D: 5073762
  • Section Subdiv Development: Spring Ridge
  • First Name: JANINE
  • First Name3: BARRY
  • Last Name: ROSE
  • Last Name3: GOLDMAN
  • Office Phone: 259411
  • Office Phone3: 908-688-3311.311
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, TubShowr, Walk-In Closet
  • Bedrooms: 2
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Dining Room Level: Ground
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x10
  • Kitchen Level: Ground
  • Living Room Dim: 21x14
  • Living Room Level: Ground
  • Other Room 1: Storage Room
  • Other Room1 Dim: 9x4
  • Other Room1 Level: Ground
  • Other Room 2: Foyer
  • Ground Level Rooms: 2 Bedrooms, Bath Main, Dining Room, Foyer, Kitchen, Living Room
  • Phone: 908-753-4450

Exterior Features

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

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Additional Parking, Assigned

Utilities

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

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

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: *
  • Zoning: residential

Rental Info

  • Application Fee: 1038
  • Pets Allowed: CatsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4569
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00305-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 6, 2021
Sold by
Purcell Patricia and Purcell Mary
Bought by
Dores Thomas J
Seller's Agent
Janine Rose
BHHS FOX & ROACH
Buyer's Agent
Barry Goldman
CENTURY 21 PREFERRED REALTY, INC
List Price
$262,500
Sold Price
$266,000
Premium/Discount to List
$3,500
1.33%
Current Estimated Value
$395,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,358
Avg. Annual Appreciation
9.21%
Original Mortgage
$195,000
Outstanding Balance
$177,094
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$218,264

Purchase Details

Closed on
Jun 4, 2003
Sold by
Schreck Thomas
Bought by
Purcell Patricia

Purchase Details

Closed on
Feb 25, 1994
Sold by
Hovnanian K
Bought by
Schreck Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.15%
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
Dores Thomas J $266,000 Chicago Title Insurance Co
Purcell Patricia $245,000 --
Schreck Thomas $112,143 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dores Thomas J $195,000
Previous Owner Schreck Thomas $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $266,000 +1.3% --
06/04/2021 06/04/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $262,500 -- --
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 $5,061 $300,900 $140,000 $160,900
2024 $5,061 $284,500 $127,700 $156,800
Source: Public Records

Agents Affiliated with this Home

  • Janine Rose

    Seller's Agent in 2021

    Janine Rose

    BHHS FOX & ROACH

    (908) 229-6253

    6 in this area

    85 Total Sales

    Janine Rose
    Section Image
  • Barry Goldman

    Buyer's Agent in 2021

    Barry Goldman

    CENTURY 21 PREFERRED REALTY, INC

    (201) 207-9307

    1 in this area

    15 Total Sales

    Barry Goldman
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3714373

Garden State MLS

APN: 02-08701-0000-00305-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

171 Potomac Dr, Basking Ridge, NJ

Not Listed for Sale

Condos

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