NOT LISTED FOR SALE

34 Commonwealth Dr Basking Ridge, NJ 07920

Estimated Value: $393,000 - $447,000

2 Beds
2 Baths
-- Sq Ft
$405/mo HOA Fee

Last Sold November 21, 2022

Last sale price $290,000

Est. 47% increase in value since last sale

Current estimated payment $3,179/month

37 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • 1 Car Detached Garage
  • Cedar Hill Elementary School Rated A
  • Deck
  • En-Suite Primary Bedroom

About This Home

As of November 2022

Spacious and Bright 2 bedroom, 2 full bath home on 2nd floor has a large living room with a fireplace, two spacious bedrooms, newer HVAC(2019). Slider to private balcony. Large basement offers extra storage. TOP RATED schools. Close to Rt 78, 287 & Transit to NYC. One-car garage (semi-private) and ample guest parking. Spring Ridge is a beautiful well-maintained community with on-site property management, clubhouse, swimming pool, tennis courts, playground and walking paths.

Last Agent to Sell the Property

HANYU LI

EQUITY MID-ATLANTIC REAL ESTATE Brokerage Phone: 908-360-5093 Listed on: 07/24/2022

Last Buyer's Agent

Linda Tom

BROWN HARRIS STEVENS NEW JERSEY

BROWN HARRIS STEVENS NEW JERSEY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,226

Year Built

  • Built in 1987

Lot Details

  • 479

HOA Fees

  • $405 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Living Room with Fireplace
  • Utility Room
  • Wall to Wall Carpet
  • Unfinished Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

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

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08603-0000-00034-0000-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,226

Year Built

Built in 1987

Lot Details

0

HOA Fees

$405 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1987
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 34
  • Directions: GPS
  • I D: 5168424
  • Modified: 2023-11-22
  • Number Images: 14
  • Section Subdiv Development: Spring Ridge
  • First Name: HANYU
  • First Name3: LINDA
  • Last Name: LI
  • Last Name3: TOM
  • Office Phone3: 917-572-9036
  • Attribution Contact: 908-360-5093
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Range/Oven-Electric, Refrigerator, Stackable Washer/Dryer
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Utility Room
  • Dining Room Level: Second
  • Kitchen Area: Not Eat-In Kitchen
  • Kitchen Level: Second
  • Living Room Level: Second
  • Other Room 1: Bathroom
  • Other Room1 Level: Second
  • Other Room 2: Bathroom
  • Other Room2 Level: Second
  • Phone: 888-517-5558

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: 1 Car Width

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 405
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Trash Collection

Schools

  • Elementary School: CEDAR HILL
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: WASHINGTON VILLAGE
  • Assessed Improvement Value: 155500
  • Assessed Land Value: 120000
  • Assessment: 275500
  • Easement: Unknown
  • Lot Identifier: 34
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Pets Allowed: CatsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5226
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08603-0000-00034-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Majlesi Alaedin
Bought by
Ccam Engineering Inc
Current Estimated Value
$427,227

Purchase Details

Listed on
Jul 24, 2022
Closed on
Nov 10, 2022
Sold by
Peng Weiping and Peng Shufen
Bought by
Majlesi Alaedin
Seller's Agent
HANYU LI
EQUITY MID-ATLANTIC REAL ESTATE
Buyer's Agent
Linda Tom
BROWN HARRIS STEVENS NEW JERSEY
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.51%

Purchase Details

Closed on
May 22, 2003
Sold by
Coppen Mirtha
Bought by
Weiping Peng and Shufen Wang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.53%

Purchase Details

Closed on
Jun 1, 2000
Sold by
Sandhu Gulzar
Bought by
Coppen Mirtha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.12%

Purchase Details

Closed on
Oct 1, 1998
Sold by
Carducci John
Bought by
Sandhu Gulzar and Sandhu Manjit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.74%
Source: Public Records

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
Ccam Engineering Inc -- None Listed On Document
Ccam Engineering Inc -- None Listed On Document
Majlesi Alaedin $290,000 --
Majlesi Alaedin $290,000 None Listed On Document
Weiping Peng $262,500 --
Coppen Mirtha $175,000 --
Sandhu Gulzar $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weiping Peng $210,000
Previous Owner Coppen Mirtha $150,000
Previous Owner Sandhu Gulzar $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2022 11/21/22 Sold $290,000 -6.5% --
09/06/2022 09/06/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $310,000 -- --
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 $6,093 $390,600 $140,000 $250,600
2024 $6,093 $342,500 $124,000 $218,500
2023 $5,790 $307,000 $124,000 $183,000
2022 $5,540 $275,500 $120,000 $155,500
2021 $5,132 $259,300 $120,000 $139,300
2020 $5,227 $249,600 $115,000 $134,600
2019 $5,132 $252,300 $125,000 $127,300
2018 $5,147 $256,700 $123,000 $133,700
2017 $5,171 $260,000 $123,000 $137,000
2016 $5,006 $256,600 $123,000 $133,600
2015 $4,890 $255,200 $120,000 $135,200
2014 $4,816 $249,000 $120,000 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3798145

Garden State MLS

APN: 02-08603-0000-00034-0000-CONDO