NOT LISTED FOR SALE

340 Penns Way Basking Ridge, NJ 07920

Estimated Value: $407,000 - $417,000

2 Beds
2 Baths
-- Sq Ft
566 Sq Ft Lot

Last Sold January 19, 2022

Last sale price $305,000

Est. 36% increase in value since last sale

Current estimated payment $2,692/month

16 Days on Market

About This Home

As of January 2022

This home is located at 340 Penns Way, Basking Ridge, NJ 07920 since 15 November 2021 and is currently estimated at $413,598. 340 Penns Way is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

Jennifer Blanchard

BHHS FOX & ROACH Brokerage Phone: 908-580-5000 Listed on: 11/15/2021

BHHS FOX & ROACH

Co-Listed By

GERALD P. LIGHT

BHHS FOX & ROACH Brokerage Phone: 908-580-5000

Last Buyer's Agent

Jennifer Blanchard

BHHS FOX & ROACH Brokerage Phone: 908-580-5000 Listed on: 11/15/2021

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,883

Lot Details

  • 566

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,883

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 340
  • I D: 5115508
  • Modified: 2025-07-21
  • Number Images: 1
  • Attribution Contact: 908-580-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 19, 2022
Sold by
Louis Capurso
Bought by
Ramsunder Murali and Narayanan Shyama
Seller's Agent
Jennifer Blanchard
BHHS FOX & ROACH
Buyer's Agent
Jennifer Blanchard
BHHS FOX & ROACH
List Price
$299,000
Sold Price
$305,000
Premium/Discount to List
$6,000
2.01%
Current Estimated Value
$413,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,598
Avg. Annual Appreciation
8.56%
Original Mortgage
$228,750
Outstanding Balance
$210,822
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$202,776

Purchase Details

Listed on
Apr 24, 2019
Closed on
Aug 5, 2019
Sold by
Winston Robert T
Bought by
Capurso Louis and Kapitan Kimberly A
Seller's Agent
ROSE MARIE PELTON
BHHS - NEW JERSEY PROPERTIES
Buyer's Agent
GERALD P. LIGHT
BHHS FOX & ROACH
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
5.02%
Original Mortgage
$243,000
Interest Rate
3.75%

Purchase Details

Closed on
Nov 15, 2011
Sold by
Russell Bernadette and Werner Henry S
Bought by
Winston Robert T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Ramsunder Murali $305,000 Old Republic Title
Capurso Louis $270,000 --
Winston Robert T $215,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsunder Murali $228,750
Previous Owner Capurso Louis $243,000
Previous Owner Capurso Louis --
Previous Owner Winston Robert T $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2022 01/19/22 Sold $305,000 +2.0% --
12/06/2021 12/06/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $299,000 +10.7% --
07/26/2019 07/26/19 Sold $270,000 -1.8% $229 / Sq Ft View Prior Sale
05/06/2019 05/06/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $275,000 -- $233 / Sq Ft
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 $5,883 $374,800 $160,000 $214,800
2024 $5,883 $330,700 $129,000 $201,700
2023 $5,816 $308,400 $129,000 $179,400
2022 $5,653 $281,100 $129,000 $152,100
2021 $5,480 $259,700 $120,000 $139,700
2020 $5,367 $256,300 $120,000 $136,300
2019 $4,749 $233,500 $123,000 $110,500
2018 $4,644 $231,600 $125,000 $106,600
2017 $4,551 $228,800 $125,000 $103,800
2016 $4,487 $230,000 $125,000 $105,000
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

  • Jennifer Blanchard

    Seller's Agent in 2022

    Jennifer Blanchard

    BHHS FOX & ROACH

    (908) 432-0318

    137 in this area

    220 Total Sales

    Jennifer Blanchard
    Section Image

  • G

    Seller Co-Listing Agent in 2022

    GERALD P. LIGHT

    BHHS FOX & ROACH

  • R

    Seller's Agent in 2019

    ROSE MARIE PELTON

    BHHS - NEW JERSEY PROPERTIES

See All Agents

Map

Source: Garden State MLS

MLS Number: 3752217

Garden State MLS

APN: 02-09203-0000-00033-01-CONDO

New Jersey Somerset County Basking Ridge 07920

340 Penns Way, Basking Ridge, NJ

This home is located at 340 Penns Way, Basking Ridge, NJ 07920 since 15 November 2021 and is currently estimated at $413,598. 340 Penns Way is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

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