NOT LISTED FOR SALE

296 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $412,000 - $434,652

2 Beds
2 Baths
1,033 Sq Ft
$413/Sq Ft Est. Value

Sale Details

Date Sold: November 19, 2021

Last sale price $299,000 $289 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,231 / mo

6 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Deck
  • Cedar Hill Elementary School Rated A
  • Clubhouse
  • High Ceiling

About This Home

As of November 2021

Calling all investors! Great opportunity to start or add to your real estate portfolio with a premium unit located in desirable the Spring Ridge community. Gross rental income of almost $24,000/yr with recently renewed tenant lease in place thru 8/2023! Essex II Model Penthouse Condo. Renovated kitchen in 2020. End unit w/ private deck in great location. Huge basement storage room and detached garage. Premium unit loaded with amenities! Approximately 1,033 s/f unit. Honed granite counters, stainless appliances. Granite bath vanities. Wood burning FP w/ mantel. LR / DR combo. Vaulted ceiling and skylight. Washer / Dryer. Water included in monthly association fees of $323. Club House, playground, pool, tennis courts. Convenient to 287 and 78. No dogs allowed in community.

Last Agent to Sell the Property

ROBERT PATTON

WEICHERT REALTORS Listed on: 10/03/2021

Last Buyer's Agent

MICHELLE PAIS

SIGNATURE REALTY NJ

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,479

Year Built

  • Built in 1990

Lot Details

  • 479

HOA Fees

  • $323 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,033 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights
  • Thermal Windows
  • Blinds
  • Living Room with Fireplace
  • Family or Dining Combination
  • Storage Room
  • Unfinished Basement

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

  • Cedar Hill Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Cooling Available
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00116-0000-CONDO

Community Details

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,479

Year Built

Built in 1990

Lot Details

479 Sq Ft Lot

HOA Fees

$323 per month

Parking

1

Listing Details

  • Style: One Floor Unit, Townhouse-Interior
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1990
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: King George Rd to Spring Valley Blvd to left on Potomac to 296
  • I D: 5107092
  • Section Subdiv Development: Spring Ridge
  • First Name: ROBERT
  • First Name3: MICHELLE
  • Last Name: PATTON
  • Last Name3: PAIS
  • Attribution Contact: 973-543-6511
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Renovated: 2020

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Range/Oven-Electric, Refrigerator, Washer
  • Interior Amenities: Blinds, Fire Extinguisher, High Ceilings, Skylight, Smoke Detector, Window Treatments
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Breakfast Bar, Not Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bathroom
  • Other Room1 Level: First
  • Other Room 2: Bathroom
  • Other Room2 Level: First
  • Other Room 3: Storage Room
  • Other Room3 Level: Basement
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Living Room
  • Estimated Sq Ft: 1033
  • Phone: 973-543-6511

Exterior Features

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

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Common, Off-Street Parking

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Club House, Exercise Room, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 323
  • Association Maintenance Fee Frequency: Monthly

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Easement: Unknown
  • Lot I D Tax: *

Rental Info

  • Pets Allowed: Call

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5479
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00116-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 18, 2021
Sold by
Bought by
Seller's Agent
ROBERT PATTON
WEICHERT REALTORS
Buyer's Agent
MICHELLE PAIS
SIGNATURE REALTY NJ
List Price
$299,000
Sold Price
$299,000
Current Estimated Value
$432,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,642
Avg. Annual Appreciation
7.95%
Original Mortgage
$224,250
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2015
Closed on
May 4, 2015
Sold by
Bought by
Buyer's Agent
JENNIFER NIELSEN
KL SOTHEBY'S INT'L. REALTY
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.47%
Original Mortgage
$232,000
Interest Rate
0.0369%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$299,000 New Title Company Name
$290,000 Attorney
$159,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $224,250
Closed $232,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2021 11/19/21 Sold $299,000 0.0% $289 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $299,000 +3.1% $289 / Sq Ft
05/04/2015 05/04/15 Sold $290,000 -- -- View Prior Sale
Source: Garden State MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,865 $418,600 $140,000 $278,600
2025 $6,349 $406,700 $140,000 $266,700
2024 $6,349 $356,900 $124,000 $232,900
2023 $6,016 $319,000 $124,000 $195,000
2022 $5,882 $292,500 $120,000 $172,500
2021 $5,796 $274,700 $120,000 $154,700
2020 $5,480 $261,700 $115,000 $146,700
2019 $5,331 $262,100 $125,000 $137,100
2018 $5,355 $267,100 $123,000 $144,100
2017 $5,370 $270,000 $123,000 $147,000
2016 $5,303 $271,800 $123,000 $148,800
2015 $5,091 $265,700 $120,000 $145,700
2014 $4,916 $254,200 $120,000 $134,200
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    ROBERT PATTON

    WEICHERT REALTORS

  • M

    Buyer's Agent in 2021

    MICHELLE PAIS

    SIGNATURE REALTY NJ

  • J

    Buyer's Agent in 2015

    JENNIFER NIELSEN

    KL SOTHEBY'S INT'L. REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3744222

Garden State MLS

APN: 02-08701-0000-00116-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

296 Potomac Dr, Basking Ridge, NJ

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