NOT LISTED FOR SALE

278 Penns Way Basking Ridge, NJ 07920

Estimated Value: $474,154 - $500,000

2 Beds
3 Baths
-- Sq Ft
828 Sq Ft Lot

Last Sold August 04, 2023

Last sale price $424,000

Est. 15% increase in value since last sale

Current estimated payment $3,320/month

10 Days on Market

About This Home

As of August 2023

This home is located at 278 Penns Way, Basking Ridge, NJ 07920 since 07 July 2023 and is currently estimated at $487,039. This property was built in 1986. 278 Penns Way 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

GADIEL RESPES

CENTURY 21 THE CROSSING Brokerage Phone: 973-227-7000 Listed on: 07/07/2023

Last Buyer's Agent

Jennifer Blanchard

BHHS FOX & ROACH

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,130

Year Built

  • Built in 1986

Lot Details

  • 828

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,130

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 278
  • I D: 5231713
  • Modified: 2024-08-05
  • Number Images: 1
  • Attribution Contact: 973-227-7000
  • 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
Jul 7, 2023
Closed on
Aug 1, 2023
Sold by
Mann Kevin M and Mann Jaime L
Bought by
Agarwal Ayush and Singh Ankita
Seller's Agent
GADIEL RESPES
CENTURY 21 THE CROSSING
Buyer's Agent
Jennifer Blanchard
BHHS FOX & ROACH
List Price
$399,999
Sold Price
$424,000
Premium/Discount to List
$24,001
6%
Total Days on Market
10
Views
1
Current Estimated Value
$487,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,039
Avg. Annual Appreciation
8.20%
Original Mortgage
$339,000
Outstanding Balance
$314,658
Interest Rate
6.06%
Mortgage Type
New Conventional
Estimated Equity
$174,762

Purchase Details

Listed on
Jan 7, 2019
Closed on
Apr 9, 2019
Sold by
Muller Susan
Bought by
Mann Kevin M and Spokony Jaime L
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
MEGAN LAVENBURG
CENTURY 21 THE CROSSING
List Price
$319,000
Sold Price
$324,900
Premium/Discount to List
$5,900
1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$259,900
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2002
Sold by
Norton Ann
Bought by
Muller Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.81%
Source: Public Records

Similar Homes in the area

  • 2502 Privet Way, Basking Ridge, NJ 07920

    $409,900

    • 1 Bed
    • 1.5 Baths
    • 1,313 Sq Ft
    • 2502 Privet Way
    • Basking Ridge, NJ

    Welcome home to this sunny & spacious end-unit townhome, conveniently located in the desirable 'Cedars' community of Basking Ridge. Perfect for the first timer, downsizer or savvy investor. Spacious Living Room area offers a charming wood burning fireplace. Enjoy a large EI-Kitchen complete with separate breakfast area. Enjoy plenty of cabinets & pantry space. Flexible Den area could easily be

    Darlene Schror REDFIN CORPORATION

    Section Image
  • 250 River Rd, Millington, NJ 07946

    $510,000

    • 2 Beds
    • 1.5 Baths
    • 250 River Rd
    • Millington, NJ

    Nestled along the peaceful riverbanks of Millington, this two bedroom, two bath split level style home offers a rare opportunity to own a waterfront haven with incredible potential. Perfect for nature lovers, the property boasts direct river access-ideal for kayaking, canoeing, or simply enjoying the view. Birdwatchers and outdoor enthusiasts will feel right at home in this tranquil setting where

    Theresa Filippone COLDWELL BANKER REALTY

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Agarwal Ayush $424,000 Westcor Land Title
Mann Kevin M $324,900 Tohickon Settlement Svcs Inc
Muller Susan $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agarwal Ayush $339,000
Previous Owner Mann Kevin M $259,900
Previous Owner Muller Susan $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $424,000 +6.0% --
07/17/2023 07/17/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $399,999 +23.1% --
03/28/2019 03/28/19 Sold $324,900 +1.8% $232 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $319,000 -- $228 / 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 $7,130 $400,800 $129,000 $271,800
2023 $6,803 $360,700 $129,000 $231,700
2022 $6,926 $344,400 $129,000 $215,400
2021 $6,341 $300,500 $129,000 $171,500
2020 $6,288 $300,300 $129,000 $171,300
2019 $5,986 $294,300 $125,000 $169,300
2018 $5,879 $293,200 $125,000 $168,200
2017 $5,710 $287,100 $125,000 $162,100
2016 $5,588 $286,400 $125,000 $161,400
2015 $5,305 $276,900 $125,000 $151,900
2014 $5,239 $270,900 $125,000 $145,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3853227

Garden State MLS

APN: 02-09203-0000-00030-05-CONDO