$522,000
SOLD AUG 9, 2024

275 Penns Way Unit B Basking Ridge, NJ 07920

2 Beds
3 Baths
1,780 Sq Ft
741 Sq Ft Lot

Recently Sold

$293 Per Sq Ft

22% Above List Price

7 Days on Market

About This Home

As of August 2024

This home is located at 275 Penns Way Unit B, Basking Ridge, NJ 07920 and is currently priced at $522,000, approximately $293 per square foot. This property was built in 1986. 275 Penns Way Unit B 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

D. WENDELL CARPENTER

COLDWELL BANKER REALTY Brokerage Phone: 908-766-0808 Listed on: 06/26/2024

Last Buyer's Agent

Sahil Aneja

ON TRACK REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,767

Year Built

  • Built in 1986

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,767

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 275
  • I D: 5296058
  • Modified: 2024-08-09
  • Number Images: 1
  • Attribution Contact: 908-766-0808
  • 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 26, 2024
Closed on
Aug 7, 2024
Sold by
Zhan Jason G and Wang Jieyang
Bought by
Gowda Shreeharsha Sampeki Manj and Prakash Shilpa
Seller's Agent
D. WENDELL CARPENTER
COLDWELL BANKER REALTY
Buyer's Agent
Sahil Aneja
ON TRACK REALTY
List Price
$429,000
Sold Price
$522,000
Premium/Discount to List
$93,000
21.68%
Views
18
Current Estimated Value
$521,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349
Avg. Annual Appreciation
0.90%
Original Mortgage
$495,900
Outstanding Balance
$482,199
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$43,998

Purchase Details

Listed on
Apr 7, 2023
Closed on
May 5, 2023
Sold by
Moorthi Malliga and Rajkumar Karuppiah
Bought by
Zhan Jason G and Wang Jieyang
Seller's Agent
Abraham Montalvo
PREMIER HOMES
Buyer's Agent
EILEEN MCDONALD
BHHS FOX & ROACH
List Price
$399,000
Sold Price
$460,000
Premium/Discount to List
$61,000
15.29%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%

Purchase Details

Listed on
Feb 13, 2019
Closed on
Apr 26, 2019
Sold by
Ingale Sandeep and Ingale Shilpa
Bought by
Karuppiah Moorthi Malliga and Karuppiah Chandramohan Rajkumar
Seller's Agent
VIJAYALAKHMI VENKATESH
WEICHERT REALTORS
Buyer's Agent
ELAINE JOHNSON
WEICHERT REALTORS
List Price
$359,900
Sold Price
$355,000
Premium/Discount to List
-$4,900
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$319,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2010
Sold by
Venezia Thomas and Venezia Megan
Bought by
Ingale Sandeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,375
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2003
Sold by
Hepburn Virginia
Bought by
Venezia Thomas and Venezia Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,920
Interest Rate
5.96%

Purchase Details

Closed on
Nov 1, 1993
Sold by
Mehalek Michael
Bought by
Hepburn Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.83%
Source: Public Records

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Range of Values:

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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 $522,000 Fidelity National Title
Bargain Sale Deed $460,000 Chicago Title
Bargain Sale Deed $355,000 Fidelity National Ttl Ins Co
Deed $315,000 First American Title Ins Co
Deed $289,900 --
Deed $146,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $495,900 New Conventional
Previous Owner $253,000 New Conventional
Previous Owner $270,000 New Conventional
Previous Owner $277,000 New Conventional
Previous Owner $319,500 New Conventional
Previous Owner $234,375 New Conventional
Previous Owner $278,489 FHA
Previous Owner $35,350 Unknown
Previous Owner $231,920 No Value Available
Previous Owner $117,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $522,000 +21.7% $293 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $429,000 -6.7% $241 / Sq Ft
05/05/2023 05/05/23 Sold $460,000 +15.3% $258 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $399,000 +12.4% $224 / Sq Ft
04/26/2019 04/26/19 Sold $355,000 -1.4% $199 / Sq Ft
03/07/2019 03/07/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $359,900 -- $202 / 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 $7,767 $436,600 $129,000 $307,600
2023 $6,746 $357,700 $129,000 $228,700
2022 $6,827 $339,500 $129,000 $210,500
2021 $6,737 $319,300 $129,000 $190,300
2020 $6,728 $321,300 $129,000 $192,300
2019 $6,411 $315,200 $125,000 $190,200
2018 $6,348 $316,600 $125,000 $191,600
2017 $6,134 $308,400 $125,000 $183,400
2016 $5,941 $304,500 $125,000 $179,500
2015 $5,367 $280,100 $125,000 $155,100
2014 $5,491 $283,900 $125,000 $158,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3909980

Garden State MLS

APN: 02-09203-0000-00030-02-CONDO