$270,000
SOLD JUL 26, 2019

340 Penns Way Basking Ridge, NJ 07920

2 Beds
2 Baths
1,180 Sq Ft
$228/mo HOA Fee

Recently Sold

$229 Per Sq Ft

2% Below List Price

12 Days on Market

Highlights

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

About This Home

As of January 2022

Pristine ground level condo at the desirable Society Hill at Bernards II. Look out to beautiful nature views with privacy. HVAC was installed in 2013, new kitchen was renovated in 2015 and features granite countertops. Master bedroom has a large walk in closet. Conveniently located to major highways: 78, 2876, 202/206. Society Hill offers outdoor pool, club house, tennis courts, bocce ball courts and sidewalks for leisurely strolls. This is a MUST SEE unit.

Last Agent to Sell the Property

ROSE MARIE PELTON

BHHS - NEW JERSEY PROPERTIES Listed on: 04/24/2019

Last Buyer's Agent

GERALD P. LIGHT

BHHS FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,643

Year Built

  • Built in 1987

HOA Fees

  • $228 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Clapboard
  • Tile

Interior Spaces

  • 1,180 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • 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
  • Common or Shared Parking
  • Shared Driveway
  • Additional Parking
  • 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
  • Water Tap or Transfer Fee
  • Gas Water Heater

Listing and Financial Details

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

Community Details

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Clubhouse

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,643

Year Built

Built in 1987

Lot Details

0

HOA Fees

$228 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 Blvd to 4th right onto Penns Way
  • I D: 4889352
  • Modified: 2021-09-23
  • Number Images: 1
  • Section Subdiv Development: Society Hill
  • First Name: ROSE MARIE
  • First Name3: GERALD P.
  • First Name4: JENNIFER A.
  • Last Name: PELTON
  • Last Name3: LIGHT
  • Last Name4: BLANCHARD
  • Office Phone: 908-753-4450
  • Office Phone4: 908-580-5000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate, Tile
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Interior Amenities: TubShowr, StallShw, Fire Alarm Sys, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: Ground
  • Dining Area: Formal Dining Room
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen
  • Kitchen Dim: 10x10
  • Kitchen Level: Ground
  • Living Room Dim: 17x14
  • Living Room Level: Ground
  • Other Room 1: Laundry Room
  • Other Room1 Dim: 10x07
  • Other Room1 Level: Ground
  • Other Room 2: Bathroom
  • Other Room2 Dim: 10x07
  • Other Room2 Level: Ground
  • Other Room 3: Bathroom
  • Other Room3 Dim: 10x08
  • Other Room3 Level: Ground
  • Estimated Sq Ft: 1180
  • Ground Level Rooms: Laundry Room, Utility Room, 2 Bedrooms, Living Room, Dining Room, Bath Main, Bath(s) Other, Kitchen
  • Phone: 908-753-4450

Exterior Features

  • Exterior Description: Brick, Clapboard
  • Exterior Features: Patio, Storm Door(s), Storm Window(s), Curbs, Tennis Courts, Sidewalk, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Additional Parking, Assigned, Common

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air, Humidifr
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Water Charge Extra, Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 228
  • Association Maintenance Fee Frequency: Monthly

Fee Information

  • Other Fee Freqency: R
  • Other Fees: 320

Schools

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

Lot Info

  • Assessed Improvement Value: 106600
  • Assessed Land Value: 125000
  • Assessment: 231600
  • Easement: Unknown
  • Lot Description: Backs to Park Land
  • Lot Identifier: 33.1
  • Lot I D Tax: *
  • Zoning: Residential

Rental Info

  • Application Fee: 684
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4643
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00033-0001-CONDO
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

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%
Current Estimated Value
$429,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,168
Avg. Annual Appreciation
9.84%
Original Mortgage
$228,750
Outstanding Balance
$211,252
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$217,916

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:

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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 Type Sale Price Title Company
Deed $305,000 Old Republic Title
Deed $270,000 --
Deed $215,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $228,750 New Conventional
Previous Owner $252,000 New Conventional
Previous Owner $252,000 New Conventional
Previous Owner $243,000 No Value Available
Previous Owner -- No Value Available
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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: 3550406

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 and is currently priced at $270,000, approximately $228 per square foot. This property was built in 1987. 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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