NOT LISTED FOR SALE

306 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $382,000 - $418,000

1 Bed
1 Bath
950 Sq Ft
$341/mo HOA Fee

Last Sold August 31, 2022

Last sale price $292,000 $307 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,840/month

10 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Den
  • Cedar Hill Elementary School Rated A
  • Deck
  • 1 Car Detached Garage

About This Home

As of August 2022

Beautifully updated second floor Chesterfield II model End Unit - Madison Village. Bright 1 BD plus a Den. Updated white kitchen with Quartz counter tops & SS appliances. Updated bath. Living room has a slider to private large deck. Laminate floors. Updated windows, HVAC & HWH. Moldings. Custom closet. Basement storage room. Garage and parking spot. Additional parking in the courtyard. 326-acres of well-maintained grounds bordering over 100 acres of undisturbed nature. Convenient to Rt. 78, NYC Midtown Direct trains and bus and shopping. On-site property manager, clubhouse, playground, bocce court, bicycle paths, tennis court & in-ground pool. No dogs are allowed in the complex. Excellent Basking Ridge schools. Elementary school: Cedar Hill

Last Agent to Sell the Property

ALMA AGUAYO

WEICHERT REALTORS Listed on: 06/28/2022

Co-Listed By

IRINA BAGMUT

WEICHERT REALTORS

Last Buyer's Agent

Jennifer Blanchard

BHHS FOX & ROACH

BHHS FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,941

Year Built

  • Built in 1987

Lot Details

  • 392

HOA Fees

  • $341 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Additional Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Family or Dining Combination
  • Den
  • Storage Room
  • Unfinished Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00127-0000-CONDO

Community Details

Overview

  • $1,023 Other One-Time Fees

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,941

Year Built

Built in 1987

Lot Details

0

HOA Fees

$341 per month

Parking

1

Listing Details

  • Style: One Floor Unit, Townhouse-End Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1987
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: Mirror in bathroom will be replaced
  • Directions: King George Rd to Spring Ridge entrance (Spring Valley Blvd) to 5th L to #306
  • I D: 5160964
  • Section Subdiv Development: Spring Ridge
  • First Name: ALMA
  • First Name2: IRINA
  • First Name3: JENNIFER A.
  • First Name4: MARIA
  • Last Name: AGUAYO
  • Last Name2: BAGMUT
  • Last Name3: BLANCHARD
  • Last Name4: FLATLEY
  • Office Phone: 908-766-7500
  • Office Phone3: 908-580-5000
  • Office Phone4: 908-580-5000
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2016

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Appliances: Dishwasher, Dryer, Range/Oven-Electric, Refrigerator, Washer
  • Bedrooms: 1
  • Master Bedroom Desc: Walk-In Closet
  • Bedroom 1 Level: Second
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Dining Area: Living/Dining Combo
  • Den Level: Second
  • Kitchen Dim: 11x09
  • Kitchen Level: Second
  • Living Room Dim: 19x16
  • Living Room Level: Second
  • Other Room 1: Foyer
  • Other Room1 Dim: 05x04
  • Other Room1 Level: Second
  • Level 2 Rooms: 1 Bedroom, Bath Main, Den, Dining Room, Foyer, Kitchen, Living Room
  • Estimated Sq Ft: 950
  • Phone: 908-766-7500

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Sidewalk, Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: Additional Parking, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 341
  • Association Maintenance Fee Frequency: Monthly

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 1023

Schools

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

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *

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: 4941
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00127-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 29, 2022
Sold by
Brophy Judith A
Bought by
Ambartsoumian Tatevik and Broustis Ioannis
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
Jennifer Blanchard
BHHS FOX & ROACH
List Price
$280,000
Sold Price
$292,000
Premium/Discount to List
$12,000
4.29%
Views
1
Current Estimated Value
$391,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,373
Avg. Annual Appreciation
9.05%
Original Mortgage
$92,000
Outstanding Balance
$86,939
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$304,434

Purchase Details

Listed on
Jun 28, 2022
Closed on
Jul 16, 2022
Sold by
Brophy Judith A
Bought by
Brophy Judith A
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
Jennifer Blanchard
BHHS FOX & ROACH
List Price
$280,000
Sold Price
$292,000
Premium/Discount to List
$12,000
4.29%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$86,939
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$304,434

Purchase Details

Closed on
Aug 21, 2002
Sold by
Allan Mary
Bought by
Brophy Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.55%

Purchase Details

Closed on
Nov 17, 1999
Sold by
Druckman Christine
Bought by
Allan Peter and Allan Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ambartsoumian Tatevik $292,000 --
Ambartsoumian Tatevik $292,000 None Listed On Document
Brophy Judith A -- Westcor Land Title
Brophy Judith A -- Westcor Land Title
Brophy Judith $205,000 --
Allan Peter $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambartsoumian Tatevik $92,000
Closed Ambartsoumian Tatevik $92,000
Previous Owner Brophy Judith $125,000
Previous Owner Allan Peter $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $292,000 +4.3% $307 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $280,000 -- $295 / 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 $5,422 $342,300 $140,000 $202,300
2024 $5,422 $304,800 $127,700 $177,100
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    ALMA AGUAYO

    WEICHERT REALTORS

  • I

    Seller Co-Listing Agent in 2022

    IRINA BAGMUT

    WEICHERT REALTORS

  • Jennifer Blanchard

    Buyer's Agent in 2022

    Jennifer Blanchard

    BHHS FOX & ROACH

    (908) 432-0318

    134 in this area

    216 Total Sales

    Jennifer Blanchard
    Section Image

  • M

    Buyer Co-Listing Agent in 2022

    MARIA FLATLEY

    BHHS FOX & ROACH

See All Agents

Map

Source: Garden State MLS

MLS Number: 3792318

Garden State MLS

APN: 02-08701-0000-00127-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

306 Potomac Dr, Basking Ridge, NJ

Not Listed for Sale

Condos

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