NOT LISTED FOR SALE

3 Commonwealth Dr Unit 3 Basking Ridge, NJ 07920

Estimated Value: $416,000 - $455,000

2 Beds
2 Baths
1,033 Sq Ft
$405/mo HOA Fee

Last Sold May 02, 2022

Last sale price $336,250 $326 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,269/month

9 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Tennis Courts
  • Cedar Hill Elementary School Rated A
  • Deck
  • Jogging Path

About This Home

As of May 2022

Sensational 1st Floor, One level "ESSEX Model" 2 BR, 2 BA, with a Huge Finished Storage Room and Garage in sought after "Spring Ridge" community; Thoroughly Upgraded and Improved including NEW HVAC 2018 & Water Heater; Fabulous Designer Master Bath, Pella Windows, and Beautiful Pergo Flooring all less than 5 yrs.; Newer Kitchen &: Appliances, New Whirlpool Stackable Washer/Dryer 2019 Incl.; Spring Ridge allows 2 indoor cats, No dogs; Very well maintained complex with manicured grounds and Great Amenities that include Pool, Clubhouse, Jogging Trails, Tennis Courts, Playground & Bocce Ball. Convenient Location in close proximity to Rt's #287, I-78, bus to NYC, nearby Shopping, Dining and TOP Rated Bernards Schools; MINT Condition and Move-in Ready!

Last Agent to Sell the Property

MARIA D. ILIEV

WEICHERT REALTORS Listed on: 03/15/2022

Last Buyer's Agent

Helen Lee

COLDWELL BANKER GARDEN STATE

COLDWELL BANKER GARDEN STATE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,642

Year Built

  • Built in 1986

Lot Details

  • Open Lot

HOA Fees

  • $405 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Shared Driveway
  • Additional Parking
  • Parking Lot

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,033 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Finished Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

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

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
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08603-0000-00003-0000-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

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,642

Year Built

Built in 1986

Lot Details

0

HOA Fees

$405 per month

Parking

1

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 3
  • Directions: King George Rd. to Spring Ridge Entrance - Spring Valley Blvd. to 1st Right on Commonwealth (1st Left to #3)
  • I D: 5134484
  • Modified: 2023-05-03
  • Number Images: 24
  • Section Subdiv Development: Spring Ridge
  • First Name: MARIA D.
  • First Name3: HELEN H.
  • Last Name: ILIEV
  • Last Name3: LEE
  • Office Phone: 908-757-7780
  • Office Phone3: 201-791-9000
  • Attribution Contact: 908-757-7780
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile
  • Floor Number: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Range/Oven-Electric, Refrigerator, Stackable Washer/Dryer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Kitchen Area: Separate Dining Area
  • Kitchen Dim: 11x10
  • Kitchen Level: First
  • Living Room Dim: 19x12
  • Living Room Level: First
  • Other Room 1: Storage Room
  • Other Room1 Dim: 24x20
  • Other Room1 Level: Basement
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Laundry Room, Living Room
  • Estimated Sq Ft: 1033
  • Phone: 908-757-7780

Exterior Features

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

Garage/Parking

  • Garage Description: Detached Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Parking Driveway Description: Additional Parking, Common, 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, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 405
  • 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: CEDAR HILL
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: WASHINGTON VILLAGE
  • Assessed Improvement Value: 147400
  • Assessed Land Value: 120000
  • Assessment: 267400
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 3
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Zoning: Residential

Rental Info

  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5642
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08603-0000-00003-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2013
Closed on
Nov 25, 2013
Sold by
Walker Michael J and Jacoby Justine A
Bought by
Hsu Kenneth K and Hsu Joyce
Seller's Agent
Adele Cerimele
ERA SUBURB REALTY
Buyer's Agent
MARIA D. ILIEV
WEICHERT REALTORS
Sold Price
$265,250
Current Estimated Value
$438,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,468
Avg. Annual Appreciation
4.33%

Purchase Details

Closed on
Dec 28, 2009
Sold by
Haver Lorinda and Obrien Dina
Bought by
Walker Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 1999
Sold by
Kyros Kostas
Bought by
Santos Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
7.81%

Purchase Details

Closed on
Nov 20, 1995
Sold by
Marasco Gregory
Bought by
Gallagher Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.53%
Source: Public Records

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
Hsu Kenneth K $265,250 Agent For First American Tit
Walker Michael J $240,000 Multiple
Santos Anthony $182,000 --
Gallagher Paul $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker Michael J $190,000
Previous Owner Santos Anthony $42,000
Previous Owner Gallagher Paul $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $336,250 +3.5% $326 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/19/2022 03/19/22 For Sale $325,000 +22.5% $315 / Sq Ft
11/26/2013 11/26/13 Sold $265,250 -- $253 / 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
2025 $6,456 $411,800 $140,000 $271,800
2024 $6,456 $362,900 $124,000 $238,900
2023 $6,103 $323,600 $124,000 $199,600
2022 $5,611 $279,000 $120,000 $159,000
2021 $5,642 $267,400 $120,000 $147,400
2020 $5,384 $257,100 $115,000 $142,100
2019 $5,270 $259,100 $125,000 $134,100
2018 $5,293 $264,000 $123,000 $141,000
2017 $5,335 $268,200 $123,000 $145,200
2016 $5,188 $265,900 $123,000 $142,900
2015 $5,068 $264,500 $120,000 $144,500
2014 $4,893 $253,000 $120,000 $133,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3769131

Garden State MLS

APN: 02-08603-0000-00003-0000-CONDO