$489,000
PENDING

296 Penns Way Basking Ridge, NJ 07920

Estimated payment $3,529/month

Total Views 6,535
2 Beds
2.5 Baths
1,400 Sq Ft
$349 Price per Sq Ft

Highlights

  • Private Pool
  • Clubhouse
  • Jogging Path
  • Liberty Corner Elementary School Rated A
  • Attic
  • Eat-In Kitchen

About This Home

Act fast! Updated 2 bedroom, end unit, townhouse facing the woods provides maximum privacy and all the benefits of a single family home. The white kitchen sports stainless steel appliances and custom tiled backsplash. The large living room is light filled, recently painted and opens to a private rear patio. A wood burning fireplace is enhanced with custom painting and an updated mantel. Both a large storage closet and outdoor storage area make it easy to stay organized. All newer replacement windows and new first floor ceilings. Both bedrooms are located on the second floor, both with ensuite baths and newer lighting fixtures. Convenient second floor laundry. Society Hill boasts an array of amenities such as a clubhouse, pool, tennis and walking paths. There is one deeded parking space directly in front of the unit. The development is situated at the crossroads of Routes 78 & 287 making commuting a breeze! Top rated Basking Ridge schools and community.

Listing Agent

CATHERINE FRATES

BHHS FOX & ROACH Brokerage Phone: 908-334-1789 Listed on: 08/12/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,920

Year Built

  • Built in 1986

Lot Details

  • Privacy Fence
  • Open Lot

HOA Fees

  • $360 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,400 Sq Ft Home
  • Track Lighting
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Family or Dining Combination
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Parking Lot

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Liberty C 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 2702-09203-0000-00029-0001-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,920

Year Built

Built in 1986

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 296
  • Directions: Valley Rd. to Spring Valley Blvd. 4th Right onto Penns Way, #296 on right. End Unit.
  • I D: 5376467
  • Modified: 2025-08-28
  • Number Images: 31
  • Section Subdiv Development: Society Hill
  • Attribution Contact: 908-334-1789
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallShw, StallTub, Track Lighting, Walk-In Closet
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x9
  • Kitchen Level: First
  • Living Room Dim: 21x13
  • Living Room Level: First
  • Level 1 Rooms: Foyer, Kitchen, LivDinRm, Powder Room
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 1400

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Curbs, Patio, Privacy Fence, Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Blacktop, Parking Lot-Shared

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 360
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: One Time

Schools

  • Elementary School: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Assessed Improvement Value: 270700
  • Assessed Land Value: 168000
  • Assessment: 438700
  • Easement: Unknown
  • Lot Description: Backs to Park Land, Level Lot, Open Lot
  • Lot Identifier: 29.01
  • Lot I D Tax: *

Rental Info

  • Application Fee: 1080
  • Pets Allowed: Yes

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 6920
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00029-0001-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.779
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

MLS Schools

  • Grade School: LIBERTY C

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,920 $438,700 $168,000 $270,700
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

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $489,000 +15.9% $349 / Sq Ft
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

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $422,000 None Listed On Document
Bargain Sale Deed $313,000 First American Title Ins Co
Deed $256,000 --
Deed $256,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,600 New Conventional
Previous Owner $250,400 New Conventional
Previous Owner $204,800 No Value Available
Source: Public Records

Source: Garden State MLS

MLS Number: 3980744

Garden State MLS

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