NOT LISTED FOR SALE

371 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $326,000 - $374,326

1 Bed
1 Bath
-- Sq Ft
$326/mo HOA Fee

Last Sold February 06, 2023

Last sale price $287,000

Est. 25% increase in value since last sale

Current estimated payment $2,666/month

66 Days on Market

Highlights

  • Private Pool
  • Corner Lot
  • Eat-In Kitchen
  • Cedar Hill Elementary School Rated A
  • 1 Car Attached Garage
  • 1-Story Property

About This Home

As of February 2023

Welcome home to this totally renovated first floor End Unit in the desirable Spring Ridge Development. This beautiful Baxter model offers and Open Floor Plan. Enjoy company in the spacious Living-Room open to the Formal Dining-Room and Modern Eat-In Kitchen with SS appliances, white cabinets and white granite counter. Relax in the Modern Bath. There's LED recessed lighting Throughout. This freshly painted Unit also has a very generous spacious Bedroom with plenty of closets. New Life-proof luxury flooring. This beauty is complete with stackable washer/dryer in unit, a Basement, one car Garage and additional parking. This community offers outdoor pool, playgrounds, jogging trails and club house. Close to mayor highways, shopping and houses of worship. - BACK ON THE MARKET - THIS WAS CASH SALE CONTRACT - BUYER"S HOUSE SALE"S DID NOT HAPPEN - THEIR BUYER -MORTGAGE COMMITMENT GOT CANCELED & DID NOT CLOSE

Last Agent to Sell the Property

Ranjana Chopra

RE/MAX OUR TOWN Brokerage Phone: 732-873-3341 Listed on: 11/01/2022

RE/MAX OUR TOWN

Last Buyer's Agent

ALMA AGUAYO

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,019

Year Built

  • Built in 1987

Lot Details

  • 348

HOA Fees

  • $326 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Washer
  • Unfinished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Pool

  • Private Pool

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00162-0000-CONDO

Community Details

Overview

  • Association fees include sewer fees, snow removal, water fees

Recreation

  • Community Pool

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,019

Year Built

Built in 1987

Lot Details

0

HOA Fees

$326 per month

Parking

1

Listing Details

  • Style: One Floor Unit, First 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
  • Easements Description: Common
  • Directions: Spring Valley Road to Potomac Drive
  • I D: 5187620
  • Section Subdiv Development: Spring Ridge
  • First Name: RANJANA
  • First Name3: ALMA
  • First Name4: IRINA
  • Last Name: CHOPRA
  • Last Name3: AGUAYO
  • Last Name4: BAGMUT
  • Office Phone: REMAX OUR TOWN
  • Office Phone3: 908-766-7500
  • Attribution Contact: 732-873-3341
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Carbon Monoxide Detector, Dishwasher, Range/Oven-Gas, Refrigerator, Washer
  • Bedrooms: 1
  • Bedroom 1 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x11
  • Kitchen Level: First
  • Living Room Dim: 9x11
  • Living Room Level: First
  • Phone: 732-419-9300

Exterior Features

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

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Association
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 326
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Sewer Fees, Snow Removal, Water Fees

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Yes
  • Lot Description: Corner
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5019
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00162-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Feb 3, 2023
Sold by
Moriau Kimberly
Bought by
Wexford Holdings Limited Liability Company
Seller's Agent
Ranjana Chopra
RE/MAX OUR TOWN
Buyer's Agent
ALMA AGUAYO
WEICHERT REALTORS
List Price
$289,900
Sold Price
$287,000
Premium/Discount to List
-$2,900
-1%
Views
49
Current Estimated Value
$357,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,832
Avg. Annual Appreciation
8.14%

Purchase Details

Listed on
Mar 18, 2020
Closed on
Jun 3, 2020
Sold by
Revive Estates Llc
Bought by
Marian Kimberly
Seller's Agent
Rose Vazquez
COLDWELL BANKER REALTY
Buyer's Agent
Ranjana Chopra
RE/MAX OUR TOWN
List Price
$245,000
Sold Price
$243,000
Premium/Discount to List
-$2,000
-0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%
Original Mortgage
$236,710
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2019
Sold by
Midfirst Bank
Bought by
Revive Estates Llc

Purchase Details

Closed on
Sep 26, 2019
Sold by
Pomponio Angela V
Bought by
Midfirst Bank

Purchase Details

Closed on
Oct 30, 2006
Sold by
Mba Realty Llc
Bought by
Pomponio Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,715
Interest Rate
6.47%

Purchase Details

Closed on
Jun 14, 2005
Sold by
Fasquerello Frank M and Fasquerello Gloria F
Bought by
Mba Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,400
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Beatty Dawn Marie
Bought by
Pasquerello Frank M and Pasquerello Gloria F

Purchase Details

Closed on
Aug 4, 1999
Sold by
Finlay Peter
Bought by
Beatty Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.54%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wexford Holdings Limited Liability Company $287,000 Stewart Title
Wexford Holdings Limited Liability Company $287,000 Stewart Title
Marian Kimberly $243,000 Catic Title Insurance Co
Revive Estates Llc $163,540 Mortgage Connect Lp
Midfirst Bank $1,000 None Available
Pomponio Angela $276,500 --
Mba Realty Llc $248,000 Lawyers Title Insurance Corp
Pasquerello Frank M $214,500 --
Beatty Dawn $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marian Kimberly $236,710
Previous Owner Pomponio Angela $271,715
Previous Owner Mba Realty Llc $198,400
Previous Owner Beatty Dawn $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2023 02/06/23 Sold $287,000 +0.7% --
01/06/2023 01/06/23 Pending -- -- --
12/26/2022 12/26/22 Price Changed $284,900 -1.7% --
11/01/2022 11/01/22 For Sale $289,900 +19.3% --
06/08/2020 06/08/20 Sold $243,000 -0.8% -- View Prior Sale
04/28/2020 04/28/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $245,000 -- --
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 $5,467 $334,300 $140,000 $194,300
2024 $5,467 $307,300 $124,000 $183,300
2023 $5,202 $275,800 $124,000 $151,800
2022 $4,989 $248,100 $120,000 $128,100
2021 $5,020 $237,900 $120,000 $117,900
2020 $4,255 $203,200 $115,000 $88,200
2019 $4,046 $198,900 $125,000 $73,900
2018 $3,948 $196,900 $123,000 $73,900
2017 $3,934 $197,800 $123,000 $74,800
2016 $3,779 $193,700 $123,000 $70,700
2015 $3,669 $191,500 $120,000 $71,500
2014 $3,735 $193,100 $120,000 $73,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3815658

Garden State MLS

APN: 02-08701-0000-00162-0000-CONDO