NOT LISTED FOR SALE

296 Penns Way Basking Ridge, NJ 07920

Estimated Value: $470,563 - $500,000

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

Last Sold August 25, 2023

Last sale price $422,000

Est. 15% increase in value since last sale

Current estimated payment $3,153/month

28 Days on Market

About This Home

As of August 2023

This home is located at 296 Penns Way, Basking Ridge, NJ 07920 since 23 June 2023 and is currently estimated at $485,391. This property was built in 1986. 296 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

SUSAN FELTER

COLDWELL BANKER REALTY Brokerage Phone: 908-766-0808 Listed on: 06/23/2023

Last Buyer's Agent

Lois Gross

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,920

Year Built

  • Built in 1986

Lot Details

  • 784

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,920

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 296
  • I D: 5229394
  • Modified: 2024-08-26
  • 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 23, 2023
Closed on
Aug 24, 2023
Sold by
Petras Mary C
Bought by
Gross William F and Cronce Amanda L
Seller's Agent
SUSAN FELTER
COLDWELL BANKER REALTY
Buyer's Agent
Lois Gross
COLDWELL BANKER REALTY
List Price
$415,000
Sold Price
$422,000
Premium/Discount to List
$7,000
1.69%
Total Days on Market
28
Views
6
Current Estimated Value
$485,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,391
Avg. Annual Appreciation
8.23%
Original Mortgage
$337,600
Outstanding Balance
$331,821
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$153,570

Purchase Details

Listed on
May 16, 2020
Closed on
Aug 13, 2020
Sold by
Ingale Sandeep and Ingale Shilpa
Bought by
Petras Mary C
Seller's Agent
Eric Godoy
CPM REALTY
Buyer's Agent
SUSAN FELTER
COLDWELL BANKER REALTY
List Price
$329,900
Sold Price
$313,000
Premium/Discount to List
-$16,900
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.36%
Original Mortgage
$250,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2003
Sold by
Da Silva Joaquim
Bought by
Ingale Sandeep and Ingale Shilpa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,800
Interest Rate
6.02%
Source: Public Records

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Range of Values:

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Average Value
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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
Gross William F $422,000 None Listed On Document
Petras Mary C $313,000 First American Title Ins Co
Ingale Sandeep $256,000 --
Ingale Sandeep $256,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross William F $337,600
Previous Owner Petras Mary C $250,400
Previous Owner Ingale Sandeep $247,200
Previous Owner Ingale Sandeep $88,900
Previous Owner Ingale Sandeep $150,000
Previous Owner Ingale Sandeep $204,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $422,000 +1.7% --
07/21/2023 07/21/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $415,000 +32.6% --
08/14/2020 08/14/20 Sold $313,000 -2.2% $224 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $319,999 -3.0% $229 / Sq Ft
05/16/2020 05/16/20 For Sale $329,900 -- $236 / 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 $6,920 $389,000 $135,500 $253,500
2023 $7,240 $383,900 $135,500 $248,400
2022 $7,368 $366,400 $135,500 $230,900
2021 $6,319 $299,500 $135,500 $164,000
2020 $6,094 $291,000 $129,000 $162,000
2019 $6,100 $299,900 $125,000 $174,900
2018 $5,855 $292,000 $125,000 $167,000
2017 $5,742 $288,700 $125,000 $163,700
2016 $5,625 $288,300 $125,000 $163,300
2015 $5,146 $268,600 $125,000 $143,600
2014 $5,086 $263,000 $125,000 $138,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3851202

Garden State MLS

APN: 02-09203-0000-00029-01-CONDO