NOT LISTED FOR SALE

227 Arrowood Way Basking Ridge, NJ 07920

Estimated Value: $525,000 - $555,000

2 Beds
3 Baths
-- Sq Ft
1,089 Sq Ft Lot

Last Sold June 27, 2024

Last sale price $515,000

Est. 5% increase in value since last sale

Current estimated payment $3,496/month

8 Days on Market

About This Home

As of June 2024

This home is located at 227 Arrowood Way, Basking Ridge, NJ 07920 since 16 April 2024 and is currently estimated at $539,364. This property was built in 1993. 227 Arrowood Way is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

David Burke

RE/MAX PREMIER Brokerage Phone: 908-754-1500 Listed on: 04/16/2024

RE/MAX PREMIER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,504

Year Built

  • Built in 1993

Lot Details

  • 1,089

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,504

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Year Built: 1993
  • County Name: Somerset
  • Street Number Display: 227
  • I D: 5277631
  • Modified: 2025-06-28
  • Number Images: 1
  • Attribution Contact: 908-754-1500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Jun 21, 2024
Sold by
Ruderman Mark
Bought by
Panda Aaa Llc
Seller's Agent
David Burke
RE/MAX PREMIER
List Price
$485,000
Sold Price
$515,000
Premium/Discount to List
$30,000
6.19%
Views
43
Current Estimated Value
$539,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,364
Avg. Annual Appreciation
3.71%

Purchase Details

Closed on
Jul 10, 2006
Sold by
Goodman Benjamin
Bought by
Ruderman Mark

Purchase Details

Closed on
Jul 29, 2002
Sold by
Heard Erin
Bought by
Goodman Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.64%

Purchase Details

Closed on
Jul 1, 1994
Sold by
Cashman George
Bought by
Heard Ken and Heard Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.51%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Panda Aaa Llc $515,000 Westcor Land Title
Panda Aaa Llc $515,000 Westcor Land Title
Ruderman Mark $417,500 --
Goodman Benjamin $209,000 --
Heard Ken $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodman Benjamin $224,000
Previous Owner Heard Ken $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2024 06/27/24 Sold $515,000 +6.2% --
04/25/2024 04/25/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $485,000 -- --
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 $7,504 $481,500 $175,000 $306,500
2024 $7,504 $421,800 $175,000 $246,800
2023 $7,576 $401,700 $175,000 $226,700
2022 $7,389 $384,500 $175,000 $209,500
2021 $7,389 $350,200 $175,000 $175,200
2020 $7,304 $348,800 $175,000 $173,800
2019 $7,060 $347,100 $175,000 $172,100
2018 $6,853 $341,800 $175,000 $166,800
2017 $6,854 $344,600 $175,000 $169,600
2016 $6,762 $346,600 $175,000 $171,600
2015 $6,499 $339,200 $170,000 $169,200
2014 $6,566 $339,500 $175,000 $164,500
Source: Public Records

Agents Affiliated with this Home

  • David Burke

    Seller's Agent in 2024

    David Burke

    RE/MAX

    (908) 566-6990

    12 in this area

    137 Total Sales

    David Burke
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3896307

Garden State MLS

APN: 02-09001-0000-00016-02-CONDO

New Jersey Somerset County Basking Ridge 07920

227 Arrowood Way, Basking Ridge, NJ

This home is located at 227 Arrowood Way, Basking Ridge, NJ 07920 since 16 April 2024 and is currently estimated at $539,364. This property was built in 1993. 227 Arrowood Way is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes