Seller's Agent in 2022
Brenda Garcia
RE/MAX
(908) 672-2447
15 in this area
95 Total Sales
338 Potomac Dr Basking Ridge, NJ 07920
Estimated Value: $427,000 - $461,000
2
Beds
1
Bath
--
Sq Ft
$341/mo
HOA Fee
Highlights
- Private Pool
- Lake View
- Deck
- Cedar Hill Elementary School Rated A
- Clubhouse
- Wood Flooring
About This Home
As of July 2022Impeccable & Pristine, this Stunning END UNIT Condo has a Premium Location in much desired Spring Ridge community. Offering BEAUTIFUL VIEWS from all rooms and gleaming newer HARDWOOD FLOORS throughout. This NATURALLY BRIGHT 2 bedroom 1 bath with open floor plan has been flawlessly UPDATED by current owner. MANY RECENT IMPROVEMENTS include: Kitchen- cabinetry w/extra storage, breakfast bar, granite counter tops, tile backsplash, tile floor, recessed lighting, separate filtered water faucet. Bathroom- custom tiles, vanity, soaking tub, separate shower. The spacious living room has Venetian plaster walls, is topped with crown molding and is finished with a custom granite fireplace surround and mantle and has a sliding door opening to the private balcony offering serene views. A large foyer closet, private 24x10 storage basement and one car garage included along with ample guest parking. Newer washer & dryer and 2 beautiful crystal chandeliers included. New in 2013-Furnace, A/C, Hot Water Heater, & Roof. Energy efficient home with low utility bills. TV and stand in living room included. All this plus TOP RATED schools and close proximity to Rt 78, 287 & Transit.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,350
Year Built
- Built in 1989
Lot Details
- 261
HOA Fees
- $341 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Additional Parking
Home Design
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Wood Burning Fireplace
- Blinds
- Entrance Foyer
- Living Room with Fireplace
- Formal Dining Room
- Storage Room
- Lake Views
- Unfinished Basement
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- 1 Full Bathroom
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
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
- Standard Electricity
Listing and Financial Details
- Assessor Parcel Number 2702-08701-0000-00196-0000-CONDO
- Tax Block *
Community Details
Overview
- Association fees include maintenance-common area, snow removal, trash collection, water fees
Recreation
- Tennis Courts
- Community Playground
- Community Pool
- Jogging Path
Pet Policy
- Cats Allowed
Additional Features
- Clubhouse
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2022
Closed on
Jun 20, 2022
Sold by
Ella Kotlyar
Bought by
Chen Mike W and Chen Helen L
Seller's Agent
Brenda Garcia
RE/MAX PREMIER
Buyer's Agent
Rudy Garon
BHHS FOX & ROACH
List Price
$329,000
Sold Price
$350,000
Premium/Discount to List
$21,000
6.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,900
Avg. Annual Appreciation
7.22%
Original Mortgage
$256,500
Outstanding Balance
$246,043
Interest Rate
5.23%
Mortgage Type
Balloon
Estimated Equity
$189,020
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Kotlyar Ella | $187,500 | |
| Previous Owner | Ramnauth Mahendra | $194,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2022 07/01/22 | Sold | $350,000 | +6.4% | -- |
| 05/13/2022 05/13/22 | Pending | -- | -- | -- |
| 04/22/2022 04/22/22 | For Sale | $329,000 | +28.5% | -- |
| 11/25/2013 11/25/13 | Sold | $256,105 | -- | -- |
Source: Garden State MLS
Tax History Compared to Growth
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 | $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
Agents Affiliated with this Home
-
-
R
Buyer's Agent in 2022
Rudy Garon
BHHS FOX & ROACH
(908) 304-3798
4 in this area
19 Total Sales
-
V
Seller's Agent in 2013
VIJAYALAKHMI VENKATESH
WEICHERT REALTORS
-
R
Buyer's Agent in 2013
REGINA BURKE
COLDWELL BANKER RIVIERA REALTY
Map
Source: Garden State MLS
MLS Number: 3776685
APN: 02-08701-0000-00196-0000-CONDO
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