NOT LISTED FOR SALE

340 Penns Way Basking Ridge, NJ 07920

Estimated Value: $403,000 - $419,000

2 Beds
2 Baths
1,180 Sq Ft
$300/mo HOA Fee

Last Sold January 19, 2022

Last sale price $305,000 $258 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,096/month

16 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Formal Dining Room
  • Liberty Corner Elementary School Rated A
  • Tennis Courts
  • Eat-In Kitchen

About This Home

As of January 2022

Updated ground floor condo facing the woods! Upgrades include: kitchen, bathrooms, floors, carpet and furnace. New six panel interior doors, new outlets and security system. Top notch schools! Close to schools, shopping, Rt 78 and 287, and close to Train to Manhattan.

Last Agent to Sell the Property

Jennifer Blanchard

BHHS FOX & ROACH Listed on: 11/15/2021

BHHS FOX & ROACH

Co-Listed By

GERALD P. LIGHT

BHHS FOX & ROACH

Last Buyer's Agent

Jennifer Blanchard

BHHS FOX & ROACH Listed on: 11/15/2021

BHHS FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,366

Year Built

  • Built in 1987

Lot Details

  • 566

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Composition Shingle Roof
  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,180 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Parking Lot
  • Assigned Parking

Accessible Home Design

  • Accessible Bedroom

Outdoor Features

  • Private Pool
  • Patio

Schools

  • Liberty C Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00033-0001-CONDO
  • Tax Block *

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,366

Year Built

Built in 1987

Lot Details

0

HOA Fees

$300 per month

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: 340
  • Directions: Valley Rd to Spring Valley to Penns Way
  • I D: 5115508
  • Modified: 2023-01-20
  • Number Images: 15
  • Section Subdiv Development: Society Hill
  • First Name: JENNIFER A.
  • First Name2: GERALD P.
  • First Name3: JENNIFER A.
  • Last Name: BLANCHARD
  • Last Name2: LIGHT
  • Last Name3: BLANCHARD
  • Office Phone: 908-580-5000
  • Office Phone3: 908-580-5000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Area: Formal Dining Room
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x10
  • Kitchen Level: Ground
  • Living Room Dim: 17x14
  • Living Room Level: Ground
  • Estimated Sq Ft: 1180
  • Ground Level Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Laundry Room, Living Room
  • Phone: 908-580-5000

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Patio
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Composition Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Assigned, Parking Lot-Shared

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, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 300
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Snow Removal, Trash Collection

Schools

  • Elementary School: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: common
  • Assessed Improvement Value: 139700
  • Assessed Land Value: 120000
  • Assessment: 259700
  • Easement: Unknown
  • Lot Identifier: 33.01
  • Lot I D Tax: *
  • Zoning: R5

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5366
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00033-0001-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.094
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: LIBERTY C

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%
Total Days on Market
16
Current Estimated Value
$410,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,712
Avg. Annual Appreciation
9.61%
Original Mortgage
$228,750
Outstanding Balance
$212,963
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$202,976

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

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Range of Values:

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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 $252,000
Previous Owner Capurso Louis $252,000
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 Change Sq Ft Price
01/19/2022 01/19/22 Sold $305,000 +2.0% $258 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $299,000 +10.7% $253 / Sq Ft
07/26/2019 07/26/19 Sold $270,000 -1.8% $229 / Sq Ft
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
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

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Map

Source: Garden State MLS

MLS Number: 3752217

Garden State MLS

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