NOT LISTED FOR SALE

254 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $380,000 - $463,000

2 Beds
2 Baths
-- Sq Ft
$338/mo HOA Fee

Last Sold July 01, 2020

Last sale price $267,500

Est. 60% increase in value since last sale

Current estimated payment $3,103/month

126 Days on Market

Highlights

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

About This Home

As of July 2020

Don?t miss Out making this Condo home!! Original owners! This Two bedroom two bath condo offers Cathedral ceiling, Recessed lighting in the kitchen, new hot water heater, new deck and Toilets all done in 2019. Washer and dryer 2016. HVAC 2018 and New Roof! Enjoy having garage with Garage door opener and your own private storage unit in the basement. With some TLC you can make this condo your own while you enjoy the wonderful amenities that Spring Ridge has to offer from Clubhouse pool,walking and hiking trails! Top Notch school district! Motivated sellers please present all offers. Close to major Highway 70 and 287

Last Agent to Sell the Property

Tara Mascola

RE/MAX INSTYLE Listed on: 02/16/2020

RE/MAX INSTYLE

Last Buyer's Agent

BARRY LASNER

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,119

Year Built

  • Built in 1994

Lot Details

  • 436

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Family or Dining Combination
  • Storage Room
  • Wall to Wall Carpet
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00279-0000-CONDO
  • Tax Block *

Community Details

Recreation

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

Pet Policy

  • Cats Allowed

Additional Features

  • Clubhouse

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,119

Year Built

Built in 1994

Lot Details

0

HOA Fees

$338 per month

Parking

1

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: Unknown
  • County Name: Somerset
  • Street Number Display: 254
  • Directions: King George Rd to Spring Valley Blvd to Potomac
  • I D: 4963502
  • Modified: 2021-09-23
  • Number Images: 10
  • Section Subdiv Development: Spring Ridge
  • First Name: TARA
  • First Name3: BARRY
  • First Name4: MARY L.
  • Last Name: MASCOLA
  • Last Name3: LASNER
  • Last Name4: CHURCHILL
  • Office Phone4: 732-494-7700
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Tile
  • Floor Number: 2
  • Appliances: Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: Second
  • Living Room Level: Second
  • Phone: 732-390-1000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Assigned, Garage Door Opener
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 338
  • Association Maintenance Fee Frequency: Monthly

Schools

  • Elementary School: CEDAR HILL
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Assessed Improvement Value: 126700
  • Assessed Land Value: 125000
  • Assessment: 251700
  • Easement: Unknown
  • Lot Identifier: 279
  • Lot I D Tax: *

Rental Info

  • Pets Allowed: CatsOK

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5119
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00279-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2020
Closed on
Jun 30, 2020
Sold by
Contaldi Margaret E and Contaldi Peter J
Bought by
Gu Guodong
Seller's Agent
Tara Mascola
RE/MAX INSTYLE
Buyer's Agent
BARRY LASNER
COLDWELL BANKER REALTY
List Price
$289,000
Sold Price
$267,500
Premium/Discount to List
-$21,500
-7.44%
Current Estimated Value
$426,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,185
Avg. Annual Appreciation
9.32%
Original Mortgage
$214,000
Outstanding Balance
$190,113
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$236,572

Purchase Details

Closed on
Mar 4, 1994
Sold by
K Hovnanian At Spring Ridge
Bought by
Contaldi Peter and Contaldi Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.6%
Source: Public Records

Range of Values:

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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
Gu Guodong $267,500 Acres Land Title Agency Inc
Contaldi Peter $123,978 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gu Guodong $214,000
Previous Owner Contaldi Peter $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $267,500 -7.4% --
06/21/2020 06/21/20 Pending -- -- --
02/16/2020 02/16/20 For Sale $289,000 -- --
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 $5,924 $379,800 $140,000 $239,800
2024 $5,924 $333,000 $124,000 $209,000
2023 $5,639 $299,000 $124,000 $175,000
2022 $5,528 $274,900 $120,000 $154,900
2021 $5,432 $257,600 $120,000 $137,600
2020 $5,155 $246,200 $115,000 $131,200
2019 $5,120 $251,700 $125,000 $126,700
2018 $5,006 $249,700 $123,000 $126,700
2017 $5,040 $253,400 $123,000 $130,400
2016 $5,008 $256,700 $123,000 $133,700
2015 $4,890 $255,200 $120,000 $135,200
2014 $4,785 $247,400 $120,000 $127,400
Source: Public Records

Agents Affiliated with this Home

  • Tara Mascola

    Seller's Agent in 2020

    Tara Mascola

    RE/MAX

    (908) 239-5564

    56 Total Sales

    Tara Mascola
    Section Image

  • B

    Buyer's Agent in 2020

    BARRY LASNER

    COLDWELL BANKER REALTY

  • Mary Churchill

    Buyer Co-Listing Agent in 2020

    Mary Churchill

    COLDWELL BANKER REALTY

    (908) 930-4800

    1 in this area

    129 Total Sales

    Mary Churchill
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3616907

Garden State MLS

APN: 02-08701-0000-00279-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

254 Potomac Dr, Basking Ridge, NJ

This home is located at 254 Potomac Dr, Basking Ridge, NJ 07920 since 16 February 2020 and is currently estimated at $426,685. This property was built in 1994. 254 Potomac Dr is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

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