NOT LISTED FOR SALE

275 Penns Way Unit B Basking Ridge, NJ 07920

Estimated Value: $468,000 - $531,000

2 Beds
3 Baths
1,780 Sq Ft
$287/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $522,000 $293 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,370/month

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 since 26 June 2024 and is currently estimated at $511,575, approximately $287 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

Lot Details

  • 741

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: 2025-08-10
  • 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
$511,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,425
Avg. Annual Appreciation
-1.74%
Original Mortgage
$495,900
Outstanding Balance
$473,347
Interest Rate
6.16%
Mortgage Type
New Conventional
Estimated Equity
$38,228

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
REAL
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

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
Gowda Shreeharsha Sampeki Manj $522,000 Fidelity National Title
Zhan Jason G $460,000 Chicago Title
Zhan Jason G $460,000 Chicago Title
Karuppiah Moorthi Malliga $355,000 Fidelity National Ttl Ins Co
Ingale Sandeep $315,000 First American Title Ins Co
Venezia Thomas $289,900 --
Hepburn Virginia $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gowda Shreeharsha Sampeki Manj $495,900
Previous Owner Karuppiah Moorthi Malliga $319,500
Previous Owner Ingale Sandeep $234,375
Previous Owner Venezia Thomas $231,920
Previous Owner Hepburn Virginia $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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
2025 $7,767 $501,200 $160,000 $341,200
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

  • D

    Seller's Agent in 2024

    D. WENDELL CARPENTER

    COLDWELL BANKER REALTY

  • S

    Buyer's Agent in 2024

    Sahil Aneja

    ON TRACK REALTY

    (732) 742-5511

    2 in this area

    83 Total Sales

    Sahil Aneja
    Section Image

  • A

    Seller's Agent in 2023

    Abraham Montalvo

    REAL

    (201) 893-2612

    1 in this area

    13 Total Sales

    Abraham Montalvo
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    David Delacruz

    REAL

    (908) 342-0547

    1 in this area

    24 Total Sales

    David Delacruz
    Section Image

  • E

    Buyer's Agent in 2023

    EILEEN MCDONALD

    BHHS FOX & ROACH

  • V

    Seller's Agent in 2019

    VIJAYALAKHMI VENKATESH

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3909980

Garden State MLS

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

New Jersey Somerset County Basking Ridge 07920

275 Penns Way Unit B, Basking Ridge, NJ

This home is located at 275 Penns Way Unit B, Basking Ridge, NJ 07920 since 26 June 2024 and is currently estimated at $511,575, approximately $287 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.

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