NOT LISTED FOR SALE

312 Penns Way Unit E1 Basking Ridge, NJ 07920

Estimated Value: $393,000 - $429,000

2 Beds
2 Baths
1,186 Sq Ft
$315/mo HOA Fee

Last Sold October 28, 2022

Last sale price $315,000 $266 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,068/month

63 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • 1-Story Property
  • Liberty Corner Elementary School Rated A
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of October 2022

Step into this fully renovated, open concept condo located in the Society Hill II neighborhood of Basking Ridge. Conveniently located minutes from 287 and 78, a commuters dream, and lots of shopping and dining within minutes. Large master bedroom has attached updated full bath. Master also has walk in closet with brand new built in storage. Guest bedroom with tons of natural light has a huge double closet with half shelving/half hanging space. Updated large hallway bathroom with tub. Wall between kitchen and dining room was opened up to create a breakfast bar. Dining and living room are spacious and ready for entertaining. Unit has a laundry/utility room with a washer/dryer included in sale. The unit is located in the rear of the building- walk down a covered hallway and flight of stairs to a private entrance. Glass sliders off the living room lead to a completely private patio and garden that backs up to green acres. Unit is hardwired with security system. Assigned parking spot in front of the building and plenty of guest spaces. Fabulous HOA that maintains landscaping, snow, and public areas. Paved walking paths, ponds, community pool, bocce courts, playgrounds, and clubhouse that hosts many activities throughout the year. Price reduction to align with current interest rates.

Last Listed By

Maria Cuccinello

KELLER WILLIAMS SUBURBAN REALTY Brokerage Phone: 973-610-4379 Listed on: 07/21/2022

KELLER WILLIAMS SUBURBAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,157

Year Built

  • Built in 1986

Lot Details

  • 566

HOA Fees

  • $315 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,186 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00031-0001-CONDO
  • Tax Block *

Community Details

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,157

Year Built

Built in 1986

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Year Built: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: please ask agent
  • Street Number Display: 312
  • Directions: Valley to Society Hill Entrance-- unit is the back downstairs :)
  • I D: 5167670
  • Modified: 2023-10-29
  • Number Images: 20
  • First Name: MARIA
  • First Name3: BARBARA B.
  • Last Name: CUCCINELLO
  • Last Name3: GIEGERICH
  • Office Phone: 973-251-0100
  • Attribution Contact: 973-610-4379
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Refrigerator, Self Cleaning Oven
  • Number Rooms: 6
  • Bedrooms: 2
  • Bedroom 1 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Kitchen Area: Separate Dining Area
  • Living Room Level: First
  • Estimated Sq Ft: 1186
  • Phone: 973-251-0100

Exterior Features

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

Garage/Parking

  • Parking Driveway Description: Assigned

Utilities

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

Condo/Co-op/Association

  • Amenities: Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 315
  • Association Maintenance Fee Frequency: Monthly

Fee Information

  • Other Fee Freqency: One Time

Lot Info

  • Lot Size: 000
  • Assessed Improvement Value: 153200
  • Assessed Land Value: 129000
  • Assessment: 282200
  • Easement: Unknown
  • Lot Identifier: 31.01
  • Lot I D Tax: *

Rental Info

  • Application Fee: 880
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5157
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00031-0001-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Oct 24, 2022
Sold by
Santomo Samantha
Bought by
Santo Matthew
Seller's Agent
Maria Cuccinello
KELLER WILLIAMS SUBURBAN REALTY
Buyer's Agent
BARBARA B. GIEGERICH
ERA SUBURB REALTY
List Price
$350,000
Sold Price
$315,000
Premium/Discount to List
-$35,000
-10%
Total Days on Market
63
Current Estimated Value
$406,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,664
Avg. Annual Appreciation
10.71%
Original Mortgage
$166,000
Interest Rate
6.02%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 15, 2020
Sold by
Persaud Deidre
Bought by
Santomo Samantha
Seller's Agent
JOSEPHINE SAMARRO
REDFIN CORPORATION
Buyer's Agent
Maria Cuccinello
KELLER WILLIAMS SUBURBAN REALTY
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$261,900
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2018
Closed on
Mar 22, 2018
Sold by
Crawford Rebecca
Bought by
Persaud Deidre
Seller's Agent
Agostino Savino
COLDWELL BANKER REALTY
Buyer's Agent
Jason Olmo
REDFIN CORPORATION
List Price
$264,900
Sold Price
$260,000
Premium/Discount to List
-$4,900
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%
Original Mortgage
$199,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2007
Sold by
Gronau Kimberly N
Bought by
Desanti Michel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,450
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2004
Sold by
Murphy Joseph M
Bought by
Gronau Kimberly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
5.4%

Purchase Details

Closed on
Feb 19, 1999
Sold by
Harris Leon
Bought by
Murphy Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,650
Interest Rate
6.76%

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
Santo Matthew $315,000 --
Santomo Samantha $270,000 Top Shelf Title Agency Llc
Persaud Deidre $260,000 Westcor Land Title Ins Co
Desanti Michel $271,000 Old Republic National Title
Gronau Kimberly N $234,000 --
Murphy Colleen $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Santo Matthew $166,000
Previous Owner Santomo Samantha $261,900
Previous Owner Persaud Deidra $199,500
Previous Owner Persaud Deidre $199,000
Previous Owner Desanti Michel $257,450
Previous Owner Gronau Kimberly N $187,200
Previous Owner Murphy Colleen $120,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $315,000 0.0% $266 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
08/25/2022 08/25/22 Price Changed $315,000 -7.3% $266 / Sq Ft
08/09/2022 08/09/22 Price Changed $339,900 -2.9% $287 / Sq Ft
07/21/2022 07/21/22 For Sale $350,000 +29.6% $295 / Sq Ft
09/17/2020 09/17/20 Sold $270,000 -1.8% --
08/05/2020 08/05/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $275,000 +5.8% --
03/22/2018 03/22/18 Sold $260,000 -1.8% --
01/18/2018 01/18/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $264,900 +28.9% --
11/03/2012 11/03/12 Sold $205,500 -- --
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 $5,851 $328,900 $129,000 $199,900
2023 $5,786 $306,800 $129,000 $177,800
2022 $5,675 $282,200 $129,000 $153,200
2021 $5,321 $252,200 $120,000 $132,200
2020 $5,158 $246,300 $120,000 $126,300
2019 $4,926 $242,200 $123,000 $119,200
2018 $4,778 $238,300 $125,000 $113,300
2017 $4,575 $230,000 $125,000 $105,000
2016 $4,513 $231,300 $125,000 $106,300
2015 $4,491 $234,400 $125,000 $109,400
2014 $4,425 $228,800 $125,000 $103,800
Source: Public Records

Agents Affiliated with this Home

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Source: Garden State MLS

MLS Number: 3797690

Garden State MLS

APN: 02-09203-0000-00031-01-CONDO