$328,500
SOLD NOV 13, 2020

259 Penns Way Unit A Basking Ridge, NJ 07920

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

Recently Sold

$235 Per Sq Ft

2% Above List Price

21 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Tennis Courts
  • Liberty Corner Elementary School Rated A
  • Wood Flooring
  • Jogging Path

About This Home

As of July 2024

MOVE RIGHT IN!! PRIVATE END UNIT ON CUL-DE-SAC!! THIS UNIT FEATURES PRIVATE PATIO WITH POND VIEWS!! LOTS OF SUNLIGHT ENTERS THIS BRIGHT ROOM. KITCHEN UPDATES INCL; GRANITE COUNTER TOPS, CUSTOM PLANTATION SHUTTERS, 2 BRAND NEW UPDATED BATHS, SECOND FLOOR FEATURES 2 GENEROUS SIZED BEDRMS EA W/ PRIVATE BATH!! LIV RM OFFERS A COZY WOOD BURNING FIREPLACE..WASHER AND DRYER BEING OFFERED AS-IS. DONT MISS THIS AWESOME OPPORUNITY TO ENJOY SOCIETY HILL LIVING!!

Last Agent to Sell the Property

Olga Tsiavos

RE/MAX SELECT Listed on: 09/23/2020

RE/MAX SELECT

Last Buyer's Agent

ELIZABETH LANDY

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,118

Year Built

  • Built in 1986

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Thermal Windows
  • Shades
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

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

  • Additional Parking
  • Parking Lot

Outdoor Features

  • Private Pool
  • Patio

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
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00025-0006-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,118

Year Built

Built in 1986

Lot Details

0

HOA Fees

$400 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: 259
  • Directions: Valley Rd to Spring Valley to Right on Penns Way to Cul-de-Sac..# 259
  • I D: 4971456
  • Modified: 2021-11-14
  • Number Images: 19
  • Section Subdiv Development: Society Hill
  • First Name: OLGA
  • First Name3: ELIZABETH
  • Last Name: TSIAVOS
  • Last Name3: LANDY
  • Office Phone: 268198
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Shades, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • 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: 14x12
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other
  • Phone: 973-539-1120

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Curbs, Patio, Sidewalk, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: Additional Parking, Blacktop, Parking Lot-Shared

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, 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: 400
  • 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: 180000
  • Assessed Land Value: 129000
  • Assessment: 309200
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 25.6
  • Lot I D Tax: *
  • Zoning: residential

Rental Info

  • Application Fee: 250
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6118
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00025-0006-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: LIBERTY C

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
1.85%

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
Buyer's Agent
ELIZABETH LANDY
KELLER WILLIAMS REALTY
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
10.92%
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
Buyer's Agent
ELIZABETH LANDY
KELLER WILLIAMS REALTY
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

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 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
11/13/2020 11/13/20 Sold $328,500 +2.0% $235 / Sq Ft
10/14/2020 10/14/20 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

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Map

Source: Garden State MLS

MLS Number: 3666644

Garden State MLS

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