NOT LISTED FOR SALE

281 Penns Way Basking Ridge, NJ 07920

Estimated Value: $505,000 - $519,518

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

Last Sold April 24, 2023

Last sale price $430,000

Est. 19% increase in value since last sale

Current estimated payment $3,331/month

4 Days on Market

About This Home

As of April 2023

This home is located at 281 Penns Way, Basking Ridge, NJ 07920 since 01 March 2023 and is currently estimated at $510,880. This property was built in 1986. 281 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

JULIEANN FOURRE

KELLER WILLIAMS METROPOLITAN Brokerage Phone: 908-766-0085 Listed on: 03/01/2023

Last Buyer's Agent

ADAM BATT

KELLER WILLIAMS METROPOLITAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,465

Year Built

  • Built in 1986

Lot Details

  • 915

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,465

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 281
  • I D: 5206419
  • Modified: 2024-04-25
  • Number Images: 1
  • Attribution Contact: 908-766-0085
  • 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
Mar 1, 2023
Closed on
Apr 17, 2023
Sold by
Nilan Barbara
Bought by
Paulo Matthew
Seller's Agent
JULIEANN FOURRE
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
ADAM BATT
KELLER WILLIAMS METROPOLITAN
List Price
$398,000
Sold Price
$430,000
Premium/Discount to List
$32,000
8.04%
Views
78
Current Estimated Value
$510,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,880
Avg. Annual Appreciation
7.29%
Original Mortgage
$344,000
Outstanding Balance
$333,848
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$177,032

Purchase Details

Closed on
Dec 2, 1997
Sold by
Bende Susan
Bought by
Nilan Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Paulo Matthew $430,000 Simplicity Title
Paulo Matthew $430,000 Simplicity Title
Nilan Barbara $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paulo Matthew $344,000
Closed Paulo Matthew $344,000
Previous Owner Nilan Barbara $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold $430,000 +8.0% --
03/09/2023 03/09/23 Pending -- -- --
03/04/2023 03/04/23 For Sale $398,000 -- --
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 $7,465 $467,400 $160,000 $307,400
2024 $7,465 $419,600 $129,000 $290,600
2023 $7,069 $374,800 $129,000 $245,800
2022 $7,143 $355,200 $129,000 $226,200
2021 $6,990 $331,300 $129,000 $202,300
2020 $6,722 $321,000 $129,000 $192,000
2019 $6,417 $315,500 $125,000 $190,500
2018 $6,141 $306,300 $125,000 $181,300
2017 $5,943 $298,800 $125,000 $173,800
2016 $5,718 $293,100 $125,000 $168,100
2015 $5,344 $278,900 $125,000 $153,900
2014 $5,467 $282,700 $125,000 $157,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JULIEANN FOURRE

    KELLER WILLIAMS METROPOLITAN

  • A

    Buyer's Agent in 2023

    ADAM BATT

    KELLER WILLIAMS METROPOLITAN

See All Agents

Map

Source: Garden State MLS

MLS Number: 3831081

Garden State MLS

APN: 02-09203-0000-00030-08-CONDO

New Jersey Somerset County Basking Ridge 07920

281 Penns Way, Basking Ridge, NJ

This home is located at 281 Penns Way, Basking Ridge, NJ 07920 since 01 March 2023 and is currently estimated at $510,880. This property was built in 1986. 281 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.

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