NOT LISTED FOR SALE

291 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $409,000 - $423,000

2 Beds
1 Bath
-- Sq Ft
$330/mo HOA Fee

Last Sold June 24, 2021

Last sale price $300,000

Est. 39% increase in value since last sale

Current estimated payment $3,062/month

8 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Recreation Room
  • Cedar Hill Elementary School Rated A
  • Deck
  • Home Gym

About This Home

As of June 2021

Welcome home to this lovely 1st floor Drexell II Model in Madison Village. 2 spacious bedrooms with double closets, one bath with separate tub and shower, wood floors, deck, large storage basement One car garage, and the association fee includes clubhouse, pool, tennis courts, playground and walking paths.

Last Agent to Sell the Property

LENORE KISS

BHHS FOX & ROACH Listed on: 05/09/2021

Last Buyer's Agent

MARGARET G. GRIFFIN

TURPIN REAL ESTATE, INC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,794

Year Built

  • Built in 1993

Lot Details

  • 479

HOA Fees

  • $330 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Assigned Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Blinds
  • Family or Dining Combination
  • Recreation Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Laminate Flooring
  • Partially Finished Basement

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

  • Cedar Hill 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

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00119-0000-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,794

Year Built

Built in 1993

Lot Details

0

HOA Fees

$330 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1993
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 291
  • Directions: King George Rd To Spring Ridge Entrance (Spring Valley Blvd) to left onto Potomac then first right Building #89/
  • I D: 5069900
  • Modified: 2022-06-25
  • Number Images: 22
  • Section Subdiv Development: Spring Ridge
  • First Name: LENORE
  • First Name3: MARGARET G.
  • Last Name: KISS
  • Last Name3: GRIFFIN
  • Office Phone: 908-464-5200
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Floor Number: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Smoke Detector, StallTub
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Exercise Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Den Level: Basement
  • Kitchen Area: Breakfast Bar
  • Kitchen Dim: 10x9
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Living/Dining Room
  • Other Room1 Dim: 23x14
  • Other Room1 Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Kitchen, LivDinRm
  • Phone: 908-464-5200

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Assigned, Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 330
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: CEDAR HILL
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: MADISON VILLAGE
  • Assessed Improvement Value: 124200
  • Assessed Land Value: 115000
  • Assessment: 239200
  • Easement: Unknown
  • Lot Identifier: 119
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 1038
  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4794
  • Assessor Parcel Number: 2702-08701-0000-00119-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2021
Closed on
Jun 23, 2021
Sold by
Pitarresi Matthew D
Bought by
Griffin William E
Seller's Agent
LENORE KISS
BHHS FOX & ROACH
Buyer's Agent
MARGARET G. GRIFFIN
TURPIN REAL ESTATE, INC.
List Price
$275,000
Sold Price
$300,000
Premium/Discount to List
$25,000
9.09%
Current Estimated Value
$416,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,912
Avg. Annual Appreciation
8.13%
Original Mortgage
$270,000
Outstanding Balance
$244,983
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$171,929

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 29, 2020
Sold by
Marcantonio Timothy
Bought by
Pitarresi Matthew D
Seller's Agent
DOREE A. DISARNO
WEICHERT REALTORS
Buyer's Agent
Karen Hug
REALTY EXECUTIVES EXCEPTIONAL
List Price
$269,000
Sold Price
$265,000
Premium/Discount to List
-$4,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.78%
Original Mortgage
$212,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2004
Sold by
Tyndale Scott C
Bought by
Marcantonio Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 26, 1994
Sold by
Brown Brian
Bought by
Cozine Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
8.22%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Griffin William E $300,000 None Available
Pitarresi Matthew D $265,000 None Available
Marcantonio Timothy $280,000 --
Cozine Kathleen $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin William E $270,000
Previous Owner Pitarresi Matthew D $212,000
Previous Owner Marcantonio Timothy $28,000
Previous Owner Marcantonio Timothy $224,000
Previous Owner Cozine Kathleen $74,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $300,000 +9.1% --
05/17/2021 05/17/21 Pending -- -- --
05/09/2021 05/09/21 For Sale $275,000 +3.8% --
07/29/2020 07/29/20 Sold $265,000 -1.5% --
06/12/2020 06/12/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $269,000 -- --
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 $5,739 $341,100 $140,000 $201,100
2024 $5,739 $322,600 $124,000 $198,600
2023 $5,686 $301,500 $124,000 $177,500
2022 $5,428 $269,900 $120,000 $149,900
2021 $5,009 $251,800 $120,000 $131,800
2020 $5,009 $239,200 $115,000 $124,200
2019 $4,794 $235,700 $125,000 $110,700
2018 $4,650 $231,900 $123,000 $108,900
2017 $4,573 $229,900 $123,000 $106,900
2016 $4,520 $231,700 $123,000 $108,700
2015 $4,514 $235,600 $120,000 $115,600
2014 $4,398 $227,400 $120,000 $107,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    LENORE KISS

    BHHS FOX & ROACH

  • M

    Buyer's Agent in 2021

    MARGARET G. GRIFFIN

    TURPIN REAL ESTATE, INC.

  • D

    Seller's Agent in 2020

    DOREE A. DISARNO

    WEICHERT REALTORS

  • Karen Hug

    Buyer's Agent in 2020

    Karen Hug

    REALTY EXECUTIVES EXCEPTIONAL

    (973) 908-2933

    107 Total Sales

    Karen Hug
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3710887

Garden State MLS

APN: 02-08701-0000-00119-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

291 Potomac Dr, Basking Ridge, NJ

This home is located at 291 Potomac Dr, Basking Ridge, NJ 07920 since 09 May 2021 and is currently estimated at $416,912. This property was built in 1993. 291 Potomac Dr is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

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