NOT LISTED FOR SALE

254 Penns Way Basking Ridge, NJ 07920

Estimated Value: $448,637 - $509,000

2 Beds
2.5 Baths
1,400 Sq Ft
$316/mo HOA Fee

Last Sold June 17, 2022

Last sale price $375,000 $268 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,588/month

10 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Jogging Path
  • Liberty Corner Elementary School Rated A
  • Tennis Courts
  • Formal Dining Room

About This Home

As of June 2022

Welcome Home to this light filled, freshly painted End Unit with open concept first floor including an eat in kitchen with stainless steel appliances, combination LR/ DR, with gleaming laminate flooring, brick wood burning fireplace and convenient sliding glass doors to the patio. The second floor boasts 2 spacious en-suite bedrooms with newly tiled showers, double closets, and full size laundry closet. Located just a short stroll to Community Pool, Playground, tennis courts and Clubhouse. Community amenities include Pool, tennis courts, clubhouse, basketball court, on site property manager, and bike/walking trails. Top rated Basking Ridge Schools. Conveniently located near Rte 78, 287, NYC Midtown Direct Train, Pleasant Valley Park, shopping and restaurants. Parking space 15F. Chimney, flue and fireplace is "as-is" condition, no known issues.

Last Listed By

Anne Quinn

COLDWELL BANKER REALTY Listed on: 04/26/2022

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,474

Year Built

  • Built in 1986

Lot Details

  • Cul-De-Sac

HOA Fees

  • $316 Monthly HOA Fees

Home Design

  • Aluminum Siding
  • Tile

Interior Spaces

  • 1,400 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Patio
  • Storage Shed

Schools

  • Liberty C 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 2702-09203-0000-00025-0001-CONDO
  • Tax Block *

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool
  • Jogging Path

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,474

Year Built

Built in 1986

Lot Details

0

HOA Fees

$316 per month

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 254
  • Directions: Valley Road to Spring Valley Blvd (Society Hill) to Penns Way
  • I D: 5144941
  • Modified: 2023-06-18
  • Number Images: 25
  • Section Subdiv Development: Society Hill
  • First Name: ANNE
  • First Name3: JIA
  • Last Name: QUINN
  • Last Name3: CHEN
  • Office Phone: 973-543-2552
  • Office Phone3: 908-766-0085
  • Pager Number3: 908-858-0628
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x10
  • Kitchen Level: First
  • Living Room Dim: 11x14
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other
  • Estimated Sq Ft: 1400

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Patio, Storage Shed, FencVnyl
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width, Assigned, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 316
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Assessed Improvement Value: 196000
  • Assessed Land Value: 129000
  • Assessment: 325000
  • Easement: Unknown
  • Lot Description: Cul-De-Sac, Level Lot
  • Lot Identifier: 25.01
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Zoning: Residential

Rental Info

  • Application Fee: 1264
  • Pets Allowed: CatsOK, DogsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6474
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00025-0001-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
Jun 14, 2022
Sold by
Mulhall Deirdre M
Bought by
Huang Siming
Seller's Agent
Anne Quinn
COLDWELL BANKER REALTY
Buyer's Agent
JIA CHEN
PREMIUMONE REALTY
List Price
$359,000
Sold Price
$375,000
Premium/Discount to List
$16,000
4.46%
Total Days on Market
10
Current Estimated Value
$486,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,659
Avg. Annual Appreciation
8.54%
Original Mortgage
$300,000
Outstanding Balance
$288,208
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$186,576

Purchase Details

Closed on
Dec 31, 2013
Sold by
Skettington Patrick J and Skeffington Moira P
Bought by
Skeffington Moria P and Mulhall Deirdre M

Purchase Details

Closed on
Jul 27, 2004
Sold by
Girardy Matthew
Bought by
Skeffington Patrick and Skeffington Moira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.33%

Purchase Details

Closed on
May 29, 2001
Sold by
Lefkowitz Kenneth
Bought by
Girardy Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
7.08%

Purchase Details

Closed on
Jul 20, 1998
Sold by
Appel Randy
Bought by
Lefkowitz Ken and Mazure Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.92%

Purchase Details

Closed on
Nov 9, 1995
Sold by
Savage Helen
Bought by
Appel Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.53%

Range of Values:

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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
Huang Siming $375,000 None Listed On Document
Skeffington Moria P -- None Available
Skeffington Patrick $290,000 --
Girardy Matthew $205,000 --
Lefkowitz Ken $134,500 --
Appel Randy $129,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Siming $300,000
Previous Owner Skeffington Patrick $232,000
Previous Owner Girardy Matthew $184,500
Previous Owner Lefkowitz Ken $123,000
Previous Owner Appel Randy $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $375,000 +4.5% $268 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $359,000 -- $256 / 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
2024 $6,885 $387,000 $129,000 $258,000
2023 $6,642 $352,200 $129,000 $223,200
2022 $6,536 $325,000 $129,000 $196,000
2021 $6,465 $306,400 $129,000 $177,400
2020 $6,475 $309,200 $129,000 $180,200
2019 $6,090 $299,400 $125,000 $174,400
2018 $5,845 $291,500 $125,000 $166,500
2017 $5,730 $288,100 $125,000 $163,100
2016 $5,611 $287,600 $125,000 $162,600
2015 $5,135 $268,000 $125,000 $143,000
2014 $5,075 $262,400 $125,000 $137,400
Source: Public Records

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Source: Garden State MLS

MLS Number: 3777792

Garden State MLS

APN: 02-09203-0000-00025-01-CONDO