NOT LISTED FOR SALE

265 Penns Way Unit 16F Basking Ridge, NJ 07920

Estimated Value: $453,000 - $496,457

2 Beds
3 Baths
1,400 Sq Ft
$338/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $430,000 $307 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,141/month

21 Days on Market

About This Home

As of July 2023

This home is located at 265 Penns Way Unit 16F, Basking Ridge, NJ 07920 since 16 June 2023 and is currently estimated at $473,614, approximately $338 per square foot. 265 Penns Way Unit 16F 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

Siu Wong

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 908-754-1500 Listed on: 06/16/2023

KL SOTHEBY'S INT'L. REALTY

Last Buyer's Agent

KELLY OLSEN

KELLER WILLIAMS METROPOLITAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,555

Lot Details

  • 784

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,555

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 265
  • I D: 5227759
  • Modified: 2024-07-20
  • Number Images: 1
  • Attribution Contact: 908-754-1500
  • 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

Closed on
Feb 13, 2025
Sold by
Yuan Eugene
Bought by
Zhang Ping and Zhang Bin
Current Estimated Value
$473,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$312,271
Interest Rate
6.14%
Mortgage Type
Seller Take Back
Estimated Equity
$161,343

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jul 14, 2023
Sold by
Peng Xiaojun and Peng Lieting
Bought by
Yuan Eugene
Seller's Agent
Siu Wong
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
KELLY OLSEN
KELLER WILLIAMS METROPOLITAN
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%

Purchase Details

Listed on
Mar 1, 2016
Closed on
Jul 1, 2016
Sold by
Juan J Rojas
Bought by
Peng Xiaojun
Seller's Agent
FARIDA CAPUANO
CENTURY 21 REAL ESTATE GROUP
Buyer's Agent
BEIRONG FU
REALMART REALTY
List Price
$321,000
Sold Price
$308,880
Premium/Discount to List
-$12,120
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%
Original Mortgage
$231,650
Interest Rate
3.48%

Purchase Details

Closed on
Apr 27, 2010
Sold by
Macdougall Matthew C and Macdougall Jessica A
Bought by
Fine Noah and Capuano Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,041
Interest Rate
4.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 25, 2007
Sold by
Macdougall Matthew C and Macdougall Jessica A
Bought by
Macdougall Matthew C and Macdougall Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 31, 2004
Sold by
Garrison Gregg
Bought by
Macdougall Matthew C and Peitz Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
6.08%

Purchase Details

Closed on
Mar 30, 2001
Sold by
Depinto Richard
Bought by
Russo Michelle and Garrison Gregg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
7.05%

Purchase Details

Closed on
Aug 22, 1994
Sold by
Robertson Elizabeth
Bought by
Depinto Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
8.49%
Source: Public Records

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 Buyer Sale Price Title Company
Zhang Ping $450,000 None Listed On Document
Zhang Ping $450,000 None Listed On Document
Yuan Eugene $430,000 None Listed On Document
Yuan Eugene $430,000 None Listed On Document
Peng Xiaojun -- --
Fine Noah $309,000 Fidelity Natl Title Ins Co
Macdougall Matthew C -- None Available
Macdougall Matthew C $292,000 --
Russo Michelle $204,000 --
Depinto Richard $127,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Ping $320,000
Closed Zhang Ping $320,000
Previous Owner Peng Xiaojun $231,650
Previous Owner Peng Xiaojun --
Previous Owner Fine Noah $46,041
Previous Owner Fine Noah $231,750
Previous Owner Macdougall Matthew C $25,000
Previous Owner Macdougall Matthew C $233,600
Previous Owner Russo Michelle $163,200
Previous Owner Depinto Richard $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $430,000 -2.1% $307 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $439,000 +42.1% $314 / Sq Ft
05/24/2016 05/24/16 Sold $308,880 -3.8% $247 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $321,000 -- $257 / 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
2025 $7,555 $477,300 $160,000 $317,300
2024 $7,555 $424,700 $129,000 $295,700
2023 $6,471 $343,100 $129,000 $214,100
2022 $6,582 $327,300 $129,000 $198,300
2021 $6,374 $302,100 $129,000 $173,100
2020 $6,336 $302,600 $129,000 $173,600
2019 $6,031 $296,500 $125,000 $171,500
2018 $5,788 $288,700 $125,000 $163,700
2017 $5,609 $282,000 $125,000 $157,000
2016 $5,350 $274,200 $125,000 $149,200
2015 $5,181 $270,400 $125,000 $145,400
2014 $5,117 $264,600 $125,000 $139,600
Source: Public Records

Agents Affiliated with this Home

  • Siu Wong

    Seller's Agent in 2023

    Siu Wong

    KL SOTHEBY'S INT'L. REALTY

    (908) 581-9593

    27 in this area

    254 Total Sales

    Siu Wong
    Section Image

  • K

    Buyer's Agent in 2023

    KELLY OLSEN

    KELLER WILLIAMS METROPOLITAN

  • F

    Seller's Agent in 2016

    FARIDA CAPUANO

    CENTURY 21 REAL ESTATE GROUP

  • B

    Buyer's Agent in 2016

    BEIRONG FU

    REALMART REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3849715

Garden State MLS

APN: 02-09203-0000-00028-06-CONDO

New Jersey Somerset County Basking Ridge 07920

265 Penns Way Unit 16F, Basking Ridge, NJ

This home is located at 265 Penns Way Unit 16F, Basking Ridge, NJ 07920 since 16 June 2023 and is currently estimated at $473,614, approximately $338 per square foot. 265 Penns Way Unit 16F 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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