NOT LISTED FOR SALE

298 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $449,000 - $503,000

2 Beds
2 Baths
-- Sq Ft
479 Sq Ft Lot

Last Sold May 24, 2023

Last sale price $405,000

Est. 14% increase in value since last sale

Current estimated payment $3,101/month

13 Days on Market

About This Home

As of May 2023

This home is located at 298 Potomac Dr, Basking Ridge, NJ 07920 since 31 March 2023 and is currently estimated at $468,842. 298 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.

Last Agent to Sell the Property

MICHELLE AUSTIN

WEICHERT REALTORS Brokerage Phone: 908-561-5400 Listed on: 03/31/2023

Last Buyer's Agent

Amy DeVita

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,844

Lot Details

  • 479

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,844

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 298
  • I D: 5212153
  • Modified: 2024-05-25
  • Number Images: 1
  • Attribution Contact: 908-561-5400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Lot Info

  • Lot Size: MADISON VILLAGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
May 24, 2023
Sold by
Wacker Zachery
Bought by
Chiarella Lucia
Seller's Agent
MICHELLE AUSTIN
WEICHERT REALTORS
Buyer's Agent
Amy DeVita
COLDWELL BANKER REALTY
List Price
$365,000
Sold Price
$405,000
Premium/Discount to List
$40,000
10.96%
Current Estimated Value
$462,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,297
Avg. Annual Appreciation
6.08%

Purchase Details

Listed on
Mar 16, 2020
Closed on
Apr 23, 2020
Sold by
Harmon David F and Harmon Susan K
Bought by
Wacker Zacheiy
Seller's Agent
Barbara Kukura
COLDWELL BANKER REALTY
Buyer's Agent
MICHELLE AUSTIN
WEICHERT REALTORS
List Price
$279,000
Sold Price
$275,000
Premium/Discount to List
-$4,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%

Purchase Details

Closed on
Jul 14, 1998
Sold by
Reichenstein Steven
Bought by
Mezza Susan

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
6.99%

Purchase Details

Closed on
Feb 23, 1996
Sold by
Iannone John
Bought by
Richenstein Steven
Source: Public Records

Range of Values:

Collateral Analytics

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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
Chiarella Lucia $405,000 First American Title
Wacker Zacheiy $275,000 American Land Ttl Assocation
Mezza Susan $135,000 --
Richenstein Steven $136,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mezza Susan $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $405,000 +11.0% --
04/13/2023 04/13/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $365,000 +32.7% --
04/30/2020 04/30/20 Sold $275,000 -1.4% --
03/24/2020 03/24/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $279,000 -- --
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
2024 $6,844 $384,700 $124,000 $260,700
2023 $6,260 $331,900 $124,000 $207,900
2022 $6,109 $303,800 $120,000 $183,800
2021 $5,541 $262,600 $120,000 $142,600
2020 $5,564 $265,700 $115,000 $150,700
2019 $5,358 $263,400 $125,000 $138,400
2018 $5,381 $268,400 $123,000 $145,400
2017 $5,418 $272,400 $123,000 $149,400
2016 $5,077 $260,200 $123,000 $137,200
2015 $4,959 $258,800 $120,000 $138,800
2014 $4,821 $249,300 $120,000 $129,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MICHELLE AUSTIN

    WEICHERT REALTORS

  • Amy DeVita

    Buyer's Agent in 2023

    Amy DeVita

    COLDWELL BANKER REALTY

    (973) 809-0445

    1 in this area

    27 Total Sales

    Section Image
  • Barbara Kukura

    Seller's Agent in 2020

    Barbara Kukura

    COLDWELL BANKER REALTY

    (908) 754-7511

    14 in this area

    20 Total Sales

    Section Image
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Map

Source: Garden State MLS

MLS Number: 3836062

Garden State MLS

APN: 02-08701-0000-00114-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

298 Potomac Dr, Basking Ridge, NJ

This home is located at 298 Potomac Dr, Basking Ridge, NJ 07920 since 31 March 2023 and is currently estimated at $468,842. 298 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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