NOT LISTED FOR SALE

249 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $374,000 - $409,000

2 Beds
1 Bath
-- Sq Ft
$338/mo HOA Fee

Last Sold February 27, 2020

Last sale price $251,000

Est. 57% increase in value since last sale

Current estimated payment $2,903/month

35 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Tennis Courts
  • Cedar Hill Elementary School Rated A
  • Deck
  • 1 Car Detached Garage

About This Home

As of February 2020

Enjoy the Spring Ridge lifestyle in this light-filled 1st flr Drexel II unit. Freshly painted with new laminate flooring just installed. Hot Water Heater 2019. Privately located facing open space. Features two bedrooms, including Master with walk-in closet. Full bath has two sink vanity. Garage is at end closest to the unit. Large basement storage unit. Water included in association fees. Conveniently located close to highways, public transportation, dining and shopping. Wonderful community amenities. No Dogs, Cats OK. Highly rated Basking Ridge schools.

Last Agent to Sell the Property

JEANNE FEENICK

NEXTHOME PREMIER Listed on: 01/10/2020

Last Buyer's Agent

Amber Linsky

PROMINENT PROPERTIES SIR

PROMINENT PROPERTIES SIR

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,585

Year Built

  • Built in 1994

Lot Details

  • 305

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Additional Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Family or Dining Combination
  • Storage Room
  • Laminate Flooring
  • Unfinished Basement

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

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

Utilities

  • Cooling Available
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00274-0000-CONDO

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,585

Year Built

Built in 1994

Lot Details

0

HOA Fees

$338 per month

Parking

1

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First 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 entrance. Spring Valley to Potomac, unit #249
  • I D: 4953940
  • Section Subdiv Development: Spring Ridge
  • First Name: JEANNE
  • First Name3: AMBER
  • Last Name: FEENICK
  • Last Name3: LINSKY
  • Office Phone: 908-325-5000
  • Office Phone3: 908-654-6666
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: TubShowr, Walk-In Closet, Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 2
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Not Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 10x8
  • Kitchen Level: First
  • Living Room Dim: 21x13
  • Living Room Level: First
  • Level 1 Rooms: Laundry Room, 2 Bedrooms, LivDinRm, Bath Main, Kitchen
  • Phone: 908-325-5000

Exterior Features

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

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop, Common

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 338
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Trash Collection, Maintenance-Common Area, Water Fees
  • Home Warranty: Yes

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 I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 1013
  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4585
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00274-0000-CONDO
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Feb 25, 2020
Sold by
Olmstead Betty and Devlin Robert S
Bought by
Marmo Joseph
Seller's Agent
JEANNE FEENICK
NEXTHOME PREMIER
Buyer's Agent
Amber Linsky
PROMINENT PROPERTIES SIR
List Price
$250,000
Sold Price
$251,000
Premium/Discount to List
$1,000
0.4%
Current Estimated Value
$394,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,711
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Jan 18, 1994
Sold by
Hovnanian K
Bought by
Olstead Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.96%
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
Marmo Joseph $251,000 None Available
Olstead Betty $116,088 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olstead Betty $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2020 02/27/20 Sold $251,000 +0.4% --
02/14/2020 02/14/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $250,000 -- --
Source: Garden State MLS

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 $5,645 $335,700 $140,000 $195,700
2024 $5,645 $317,300 $124,000 $193,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3608890

Garden State MLS

APN: 02-08701-0000-00274-0000-CONDO