NOT LISTED FOR SALE

313 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $428,000 - $441,000

2 Beds
2 Baths
-- Sq Ft
$341/mo HOA Fee

Last Sold June 24, 2022

Last sale price $305,000

Est. 42% increase in value since last sale

Current estimated payment $3,131/month

18 Days on Market

Highlights

  • Private Pool
  • 1 Car Detached Garage
  • Laundry Room
  • Cedar Hill Elementary School Rated A
  • Living Room
  • Entrance Foyer

About This Home

As of June 2022

Fabulous first floor 2BR 2 BTH in Spring Ridge. The Master Bedroom is complete with private Master Bath and ample walk-in closet. Two Remodeled Baths(2021), Newer Kitchen Couter(2021), Furnace(2021), Washer/Dryer(2021), Dish Washer(2021). The location is extremely convenient for commuters w close proximity to main roads I 78 and 287. Excellent Bernards Twp schools, Super close to many parks, restaurants and shopping. Amenities include 1 detached Garage, ample visitor parkings, tennis courts, playground, & POOL!

Last Agent to Sell the Property

CHENGWU YIN

REALMART REALTY Listed on: 05/05/2022

Last Buyer's Agent

Melissa Reynolds

KELLER WILLIAMS TOWNE SQUARE REAL

KELLER WILLIAMS TOWNE SQUARE REAL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,155

Year Built

  • Built in 1993

Lot Details

  • 566

HOA Fees

  • $341 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Additional Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Storage Room
  • Utility Room
  • Laminate Flooring
  • Unfinished Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool

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 2702-08701-0000-00136-0000-CONDO

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection, water fees

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,155

Year Built

Built in 1993

Lot Details

0

HOA Fees

$341 per month

Parking

1

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Year Built: 1993
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: King George Rd to Spring Valley Blvd to Potomac Dr
  • I D: 5148495
  • Section Subdiv Development: Spring Ridge
  • First Name: CHENGWU
  • First Name3: MELISSA
  • Last Name: YIN
  • Last Name3: REYNOLDS
  • Office Phone3: 908-766-0085
  • Attribution Contact: null
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Year Renovated: 2021

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Dishwasher, Dryer, Range/Oven-Electric, Refrigerator, Washer
  • Bedrooms: 2
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bathroom
  • Other Room1 Level: First
  • Other Room 2: Bathroom
  • Other Room2 Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Foyer, Kitchen, Laundry Room, Living Room

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: 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: 2
  • Parking Driveway Description: 1 Car Width, Additional Parking, Blacktop

Utilities

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

Condo/Co-op/Association

  • Association Maintenance Fee: 341
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection, Water Fees

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: 5155
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00136-0000-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
May 5, 2022
Closed on
Jun 24, 2022
Sold by
Flint Jonathan A and Flint Reifen
Bought by
Sharma Amit and Sharma Sandhya Fnu
Seller's Agent
CHENGWU YIN
REALMART REALTY
Buyer's Agent
Melissa Reynolds
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$305,000
Sold Price
$305,000
Current Estimated Value
$433,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,746
Avg. Annual Appreciation
10.37%
Original Mortgage
$165,000
Outstanding Balance
$137,688
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$296,058
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sharma Amit $305,000 Simplicity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharma Amit $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $305,000 0.0% --
05/23/2022 05/23/22 Pending -- -- --
05/09/2022 05/09/22 Off Market $305,000 -- --
05/05/2022 05/05/22 For Sale $305,000 -- --
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
2025 $6,267 $402,000 $140,000 $262,000
2024 $6,267 $352,300 $124,000 $228,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    CHENGWU YIN

    REALMART REALTY

  • Melissa Reynolds

    Buyer's Agent in 2022

    Melissa Reynolds

    KELLER WILLIAMS TOWNE SQUARE REAL

    (908) 581-0555

    43 in this area

    183 Total Sales

    Melissa Reynolds
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3780169

Garden State MLS

APN: 02-08701-0000-00136-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

313 Potomac Dr, Basking Ridge, NJ

Not Listed for Sale

Condos

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