$480,000
SOLD JUL 10, 2024

259 Penns Way Unit A Basking Ridge, NJ 07920

2 Beds
3 Baths
1,400 Sq Ft
697 Sq Ft Lot

Recently Sold

$343 Per Sq Ft

10% Above List Price

7 Days on Market

About This Home

As of July 2024

This home is located at 259 Penns Way Unit A, Basking Ridge, NJ 07920 and is currently priced at $480,000, approximately $342 per square foot. This property was built in 1986. 259 Penns Way Unit A 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

ELIZABETH LANDY

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 06/11/2024

Last Buyer's Agent

Sumit Widhani

EXP REALTY, LLC

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,927

Year Built

  • Built in 1986

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,927

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 259
  • I D: 5293223
  • Modified: 2025-05-07
  • Number Images: 1
  • Attribution Contact: 908-273-2991
  • 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
Jun 11, 2024
Closed on
Jul 9, 2024
Sold by
Oconnell Carly and Oconnell Dennis
Bought by
Malhotra Vinod Kumar and Malhotra Madhu
Seller's Agent
ELIZABETH LANDY
KELLER WILLIAMS REALTY
Buyer's Agent
Sumit Widhani
EXP REALTY, LLC
List Price
$435,000
Sold Price
$480,000
Premium/Discount to List
$45,000
10.34%
Views
28
Current Estimated Value
$489,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,244
Avg. Annual Appreciation
2.01%

Purchase Details

Listed on
Sep 23, 2020
Closed on
Nov 12, 2020
Sold by
Nanavati Akshay
Bought by
Oconnell Carly and Oconnell Dennis
Seller's Agent
Olga Tsiavos
RE/MAX SELECT - Rockaway
Buyer's Agent
Outside Agent
Outside Office
List Price
$322,000
Sold Price
$328,500
Premium/Discount to List
$6,500
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$293,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2020
Closed on
Nov 9, 2020
Sold by
Nanavati Akshay
Bought by
Oconnell Carly and Oconnell Dennis
Seller's Agent
Olga Tsiavos
RE/MAX SELECT - Rockaway
Buyer's Agent
Outside Agent
Outside Office
List Price
$322,000
Sold Price
$328,500
Premium/Discount to List
$6,500
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2017
Sold by
Nanavati Akshay and Nanavati Ajay
Bought by
Nanavati Akshay

Purchase Details

Closed on
Sep 9, 2010
Sold by
Denton Mary Grace
Bought by
Nanavati Akshay and Nanavati Ajay

Purchase Details

Closed on
Mar 1, 2005
Sold by
Lerner Joel M
Bought by
Secero Martin J and Denton Mary Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
5.64%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $480,000 None Listed On Document
Deed $328,500 Chicago Title Insurance Co
Deed $328,500 Chicago Title
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $300,000 None Available
Deed $285,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,000 Credit Line Revolving
Previous Owner $293,500 New Conventional
Previous Owner $293,500 New Conventional
Previous Owner $293,500 New Conventional
Previous Owner $210,000 New Conventional
Previous Owner $28,500 Credit Line Revolving
Previous Owner $228,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $480,000 +10.3% $343 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $435,000 +32.4% $311 / Sq Ft
11/27/2020 11/27/20 Sold $328,500 +2.0% $235 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $322,000 -- $230 / 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 $6,927 $389,400 $129,000 $260,400
2023 $6,682 $354,300 $129,000 $225,300
2022 $6,789 $337,600 $129,000 $208,600
2021 $6,518 $308,900 $129,000 $179,900
2020 $6,475 $309,200 $129,000 $180,200
2019 $6,118 $300,800 $125,000 $175,800
2018 $5,871 $292,800 $125,000 $167,800
2017 $5,730 $288,100 $125,000 $163,100
2016 $5,611 $287,600 $125,000 $162,600
2015 $5,173 $270,000 $125,000 $145,000
2014 $5,110 $264,200 $125,000 $139,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    ELIZABETH LANDY

    KELLER WILLIAMS REALTY

  • S

    Buyer's Agent in 2024

    Sumit Widhani

    EXP REALTY, LLC

    (917) 209-3844

    1 in this area

    3 Total Sales

    Sumit Widhani
    Section Image
  • Olga Tsiavos

    Seller's Agent in 2020

    Olga Tsiavos

    RE/MAX

    (973) 219-5102

    3 in this area

    136 Total Sales

    Olga Tsiavos
    Section Image

  • O

    Buyer's Agent in 2020

    Outside Agent

    Outside Office

See All Agents

Map

Source: Garden State MLS

MLS Number: 3907114

Garden State MLS

APN: 02-09203-0000-00025-06-CONDO

New Jersey Somerset County Basking Ridge 07920

259 Penns Way Unit A, Basking Ridge, NJ

This home is located at 259 Penns Way Unit A, Basking Ridge, NJ 07920 and is currently priced at $480,000, approximately $342 per square foot. This property was built in 1986. 259 Penns Way Unit A is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

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