NOT LISTED FOR SALE

248 Penns Way Basking Ridge, NJ 07920

Estimated Value: $477,000 - $551,000

-- Bed
-- Bath
1,396 Sq Ft
$362/Sq Ft Est. Value

About This Home

This home is located at 248 Penns Way, Basking Ridge, NJ 07920 and is currently estimated at $505,727, approximately $362 per square foot. 248 Penns Way is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2004
Sold by
Gregorio Carmela R
Bought by
Ferretti August and Ferretti Laura
Current Estimated Value
$505,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.89%

Purchase Details

Closed on
Apr 6, 2000
Sold by
Fwu John Kae
Bought by
Gregorio Carmela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,450
Interest Rate
8.21%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 1939
Sold by
Gilliespie Gregory
Bought by
Fwu Jong Kae and Fwu Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.49%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Ferretti August $325,000 --
Gregorio Carmela $200,500 --
Fwu Jong Kae $5,015,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferretti August $192,610
Closed Ferretti August $100,000
Closed Ferretti August $280,000
Closed Ferretti August $219,102
Closed Ferretti August $79,000
Closed Ferretti August $260,000
Previous Owner Gregorio Carmela $180,450
Previous Owner Fwu Jong Kae $120,000
Source: Public Records

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 $7,954 $447,100 $129,000 $318,100
2023 $7,882 $417,900 $129,000 $288,900
2022 $7,980 $396,800 $129,000 $267,800
2021 $6,895 $326,800 $129,000 $197,800
2020 $6,814 $325,400 $129,000 $196,400
2019 $6,641 $326,500 $125,000 $201,500
2018 $6,546 $326,500 $125,000 $201,500
2017 $6,355 $319,500 $125,000 $194,500
2016 $6,138 $314,600 $125,000 $189,600
2015 $5,986 $312,400 $125,000 $187,400
2014 $5,736 $296,600 $125,000 $171,600
Source: Public Records

Map

New Jersey Somerset County Basking Ridge 07920

248 Penns Way, Basking Ridge, NJ

This home is located at 248 Penns Way, Basking Ridge, NJ 07920 and is currently estimated at $505,727, approximately $362 per square foot. 248 Penns 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.

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