NOT LISTED FOR SALE

348 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $432,000 - $488,000

2 Beds
2 Baths
-- Sq Ft
$323/mo HOA Fee

Last Sold November 23, 2020

Last sale price $275,000

Est. 63% increase in value since last sale

Current estimated payment $3,286/month

43 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Tennis Courts
  • Cedar Hill Elementary School Rated A
  • Wood Flooring
  • Jogging Path

About This Home

As of November 2020

Sought after top floor unit with beautiful private views in the desirable Spring Ridge community. This updated 2 BD plus Den & 2 Baths unit (Fairfax II Model) has an open floor plan with all wood floors & recently painted interior. Updated Kitchen w/granite & backsplash, newer appliances & breakfast bar. Corner fire place in the LR. Bedrooms offer great views of nature & pond. Master suite w/updated bath & walk in closet. Updated hallway bath. Side by side W/D. Ceiling fans. Storage closet/basement. Garage is near the condo. On-site Community Manager, in-ground pool, tennis courts, playground & clubhouse. 326-acres of well-maintained grounds bordering over 100 acres of undisturbed nature. Convenient to I-78, NYC Midtown Direct trains and buses and shopping. Excellent schools, elementary school: Cedar Hill

Last Agent to Sell the Property

ALMA AGUAYO

WEICHERT REALTORS Listed on: 09/03/2020

Last Buyer's Agent

ALMA AGUAYO

WEICHERT REALTORS Listed on: 09/03/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,540

Year Built

  • Built in 1989

Lot Details

  • 261

HOA Fees

  • $323 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Assigned Parking

Home Design

  • Vinyl Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Private Pool

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
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00198-0000-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Pet Policy

  • Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,540

Year Built

Built in 1989

Lot Details

0

HOA Fees

$323 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: 1989
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 348
  • Directions: King George Rd to Spring Ridge entrance (Spring Valley Blvd) to fifth L on Potomac Dr, to first L, bear R to 348
  • I D: 5013996
  • Modified: 2021-11-24
  • Number Images: 25
  • Section Subdiv Development: Spring Ridge
  • First Name: ALMA
  • First Name3: ALMA
  • Last Name: AGUAYO
  • Last Name3: AGUAYO
  • Office Phone: 908-766-7500
  • Office Phone3: 908-766-7500
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range/Oven-Electric, Refrigerator, Washer
  • Interior Amenities: SoakTub, StallShw, Walk-In Closet
  • Number Rooms: 6
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Dining Area: Formal Dining Room
  • Family Room Level: Second
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Dim: 11x08
  • Kitchen Level: Second
  • Living Room Dim: 21x18
  • Living Room Level: Second
  • Other Room 1: Foyer
  • Other Room1 Level: Second
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room
  • Phone: 908-766-7500

Exterior Features

  • Exterior Description: Vinyl Siding
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Assigned, Blacktop, Common

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 323
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection, Water Fees

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: MADISON VILLAGE
  • Assessed Improvement Value: 148200
  • Assessed Land Value: 115000
  • Assessment: 263200
  • Easement: Unknown
  • Lot Identifier: 198
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 969
  • Pets Allowed: CatsOK, NumLimit

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5540
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00198-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Dec 3, 2020
Sold by
Michielli Leonard and Young Wendy
Bought by
Lian Aaron and Lian Jing
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
ALMA AGUAYO
WEICHERT REALTORS
List Price
$305,000
Sold Price
$275,000
Premium/Discount to List
-$30,000
-9.84%
Current Estimated Value
$448,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,137
Avg. Annual Appreciation
11.11%
Original Mortgage
$206,250
Outstanding Balance
$185,615
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$267,037

Purchase Details

Listed on
Sep 3, 2020
Closed on
Nov 18, 2020
Sold by
Michielli Leonard and Young Wendy
Bought by
Lian Aaron and Lian Jing
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
ALMA AGUAYO
WEICHERT REALTORS
List Price
$305,000
Sold Price
$275,000
Premium/Discount to List
-$30,000
-9.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$185,615
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$267,037

Purchase Details

Closed on
Apr 24, 2003
Sold by
Guiliana Scott
Bought by
Michielli Leonard

Purchase Details

Closed on
Dec 7, 2001
Sold by
Shanahan Karen
Bought by
Guiliana Scott and Guiliana Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,900
Interest Rate
6.72%

Purchase Details

Closed on
Aug 28, 1998
Sold by
Klesch William
Bought by
Shanahan Francis and Gazzo Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,100
Interest Rate
6.8%

Purchase Details

Closed on
Jun 27, 1997
Sold by
Holmes Joan
Bought by
Klesch William and Klesch Edwige

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.86%
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
Lian Aaron $275,000 Old Republic Title
Lian Aaron $275,000 Allied Title Llc
Michielli Leonard $260,000 --
Guiliana Scott $226,000 --
Shanahan Francis $159,000 --
Klesch William $151,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lian Aaron $206,250
Closed Lian Aaron $206,250
Previous Owner Michielli Leonard $227,500
Previous Owner Guiliana Scott $180,900
Previous Owner Shanahan Francis $143,100
Previous Owner Klesch William $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $275,000 -9.8% --
10/16/2020 10/16/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $305,000 -- --
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
2024 $6,248 $351,200 $124,000 $227,200
2023 $6,222 $329,900 $124,000 $205,900
2022 $5,709 $283,900 $120,000 $163,900
2021 $5,771 $273,500 $120,000 $153,500
2020 $5,511 $263,200 $115,000 $148,200
2019 $5,541 $272,400 $125,000 $147,400
2018 $5,329 $265,800 $123,000 $142,800
2017 $5,442 $273,600 $123,000 $150,600
2016 $5,272 $270,200 $123,000 $147,200
2015 $5,248 $273,900 $120,000 $153,900
2014 $5,202 $269,000 $120,000 $149,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    ALMA AGUAYO

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3661811

Garden State MLS

APN: 02-08701-0000-00198-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

348 Potomac Dr, Basking Ridge, NJ

This home is located at 348 Potomac Dr, Basking Ridge, NJ 07920 since 03 September 2020 and is currently estimated at $457,050. This property was built in 1989. 348 Potomac Dr is a home located in Somerset County with nearby schools including Cedar Hill Elementary School, William Annin Middle School, and Ridge High School.

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