$308,880
SOLD MAY 24, 2016

265 Penns Way Unit 16F Basking Ridge, NJ 07920

2 Beds
2.5 Baths
1,250 Sq Ft
$268/mo HOA Fee

Recently Sold

$247 Per Sq Ft

4% Below List Price

17 Days on Market

Highlights

  • Private Pool
  • Formal Dining Room
  • Eat-In Kitchen
  • Liberty Corner Elementary School Rated A
  • Thermal Windows
  • Patio

About This Home

As of July 2023

Beautiful move in ready Bright & Open Townhouse. 1st fl features Hardwood Floors in Lv Rm & Dn Rm & Fireplace. Updated Kitchen w/Granite counter tops,tiled backsplash & floor. Updated half Bath. Upstairs features Two large Bedrooms - Master w/hardwood floors, both have Ensuite Baths, ample closet space, newer carpeting and Laundry. Additionally there are sliding glass doors off of the living room that open on to a nice outdoor Patio. Well maintained Community offers Club House, Pool, Playground, Tennis courts, Bicycle & Walking Paths. Convenient to Routes 78 & 287. FHA APPROVED

Last Agent to Sell the Property

FARIDA CAPUANO

CENTURY 21 REAL ESTATE GROUP Listed on: 03/01/2016

Last Buyer's Agent

BEIRONG FU

REALMART REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,180

Year Built

  • Built in 1987

HOA Fees

  • $268 Monthly HOA Fees

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Additional Parking
  • Assigned Parking

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
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00028-0006-CONDO
  • Tax Block *

Community Details

Overview

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

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,180

Year Built

Built in 1987

Lot Details

0

HOA Fees

$268 per month

Listing Details

  • Style: Townhouse-Interior, Multi Floor Unit
  • Primary Style: Townhouse-Interior
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1987
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 265
  • Directions: Valley Rd to Spring Valley Rd to Penns Way
  • I D: 4603497
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: Society Hill 2
  • First Name: FARIDA
  • First Name3: BEIRONG
  • Last Name: CAPUANO
  • Last Name3: FU
  • Office Phone3: 518-596-0111
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpeting, Ceramic Tile, Laminate
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Washer, Dishwasher, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: Fire Extinguisher, Smoke Detector, Blinds, Carbon Monoxide Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 9x8
  • Kitchen Level: First
  • Living Room Dim: 14x14
  • Living Room Level: First
  • Level 1 Rooms: Foyer, Living Room, Kitchen, Bath(s) Other, Dining Room
  • Level 2 Rooms: 2 Bedrooms, Utility Room, Bath(s) Other, Laundry Room
  • Estimated Sq Ft: 1250
  • Phone: 908-322-2901

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Tennis Courts, Thermal Windows/Doors, Patio, Storm Door(s)
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Maintenance Fee: 268
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Trash Collection, Maintenance-Common Area

Schools

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

Lot Info

  • Lot Size: Common Area
  • Assessed Improvement Value: 145400
  • Assessed Land Value: 125000
  • Assessment: 270400
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 28.6
  • Lot I D Tax: *
  • Zoning: Residential

Rental Info

  • Application Fee: 250
  • Pets Allowed: Yes

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5180
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00028-0006-CONDO
  • Tax Rate Amount: 1.916
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: LIBERTY C

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
Total Days on Market
17
Current Estimated Value
$475,339

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
$317,820
Interest Rate
6.14%
Mortgage Type
Seller Take Back
Estimated Equity
$157,519

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
5.51%

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
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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
Deed $450,000 None Listed On Document
Deed $450,000 None Listed On Document
Deed $430,000 None Listed On Document
Deed -- --
Deed $309,000 Fidelity Natl Title Ins Co
Interfamily Deed Transfer -- None Available
Deed $292,000 --
Deed $204,000 --
Deed $127,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 Seller Take Back
Closed $320,000 Seller Take Back
Previous Owner $267,000 New Conventional
Previous Owner $231,650 No Value Available
Previous Owner -- No Value Available
Previous Owner $46,041 Credit Line Revolving
Previous Owner $231,750 New Conventional
Previous Owner $25,000 Credit Line Revolving
Previous Owner $233,600 No Value Available
Previous Owner $163,200 No Value Available
Previous Owner $115,000 No Value Available
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
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

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Map

Source: Garden State MLS

MLS Number: 3285670

Garden State MLS

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