NOT LISTED FOR SALE

338 Potomac Dr Unit 1 Basking Ridge, NJ 07920

Estimated Value: $393,000 - $452,000

2 Beds
1 Bath
1,000 Sq Ft
$424/Sq Ft Est. Value

About This Home

This home is located at 338 Potomac Dr Unit 1, Basking Ridge, NJ 07920 and is currently estimated at $423,949, approximately $423 per square foot. 338 Potomac Dr Unit 1 is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2022
Sold by
Ella Kotlyar
Bought by
Chen Mike W and Chen Helen L
Current Estimated Value
$423,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Outstanding Balance
$243,976
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$179,973

Purchase Details

Closed on
Jul 18, 2003
Sold by
Hir Alec
Bought by
Ramnauth Mahendra and Ramnauth Purnima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
5.28%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chen Mike W $350,000 Associated Title
Ramnauth Mahendra $242,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Mike W $256,500
Previous Owner Ramnauth Mahendra $194,000
Source: Public Records

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 $6,451 $381,300 $140,000 $241,300
2024 $6,451 $362,600 $124,000 $238,600
2023 $6,358 $337,100 $124,000 $213,100
2022 $5,792 $288,000 $120,000 $168,000
2021 $5,300 $266,200 $120,000 $146,200
2020 $5,350 $255,500 $115,000 $140,500
2019 $5,071 $249,300 $125,000 $124,300
2018 $5,141 $256,400 $123,000 $133,400
2017 $4,855 $244,100 $123,000 $121,100
2016 $4,571 $234,300 $123,000 $111,300
2015 $4,568 $238,400 $120,000 $118,400
2014 $4,425 $228,800 $120,000 $108,800
Source: Public Records

Map

New Jersey Somerset County Basking Ridge 07920

338 Potomac Dr Unit 1, Basking Ridge, NJ

This home is located at 338 Potomac Dr Unit 1, Basking Ridge, NJ 07920 and is currently estimated at $423,949, approximately $423 per square foot. 338 Potomac Dr Unit 1 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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