NOT LISTED FOR SALE

373 Penns Way Basking Ridge, NJ 07920

Estimated Value: $394,000 - $425,585

2 Beds
2 Baths
-- Sq Ft
$300/mo HOA Fee

Last Sold June 21, 2021

Last sale price $310,000

Est. 34% increase in value since last sale

Current estimated payment $2,985/month

15 Days on Market

Highlights

  • Eat-In Kitchen
  • Patio
  • 1-Story Property
  • Liberty Corner Elementary School Rated A
  • Accessible Bedroom
  • Forced Air Heating and Cooling System

About This Home

As of June 2021

Beautiful 2 BR 2 BATH ground floor end unit in desirable Society Hill. New furnace and AC 2019, new water heater and brand new full size washer/dryer. Freshly painted open concept living room, dining room, kitchen, hallway with gorgeous wainscoting. Sliding door opens to beautiful private extended paving stone patio overlooking plush landscaping. Spacious kitchen with granite countertops and brand new stainless steel appliances. Master suite features full bath, large walk-in closet and crown molding. Spacious second BR with large closet space. Newly installed floors in both bedrooms. Will not last, must see!

Last Agent to Sell the Property

TERESA RIGA

NJ REALTY SYSTEMS LLC. Listed on: 04/26/2021

Last Buyer's Agent

TODD KOLLER

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1986

Lot Details

  • 436

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Composition Shingle Roof
  • Wood Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Assigned Parking

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

Additional Features

  • Accessible Bedroom
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00035-0016-CONDO
  • Tax Block *

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,182

Year Built

Built in 1986

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: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 373
  • Directions: Valley Rd to Society Hill entrance to Penns Way on right to #373 ground floor unit downstairs in back
  • I D: 5064881
  • Modified: 2022-06-22
  • Number Images: 10
  • First Name: TERESA
  • First Name3: TODD
  • Last Name: RIGA
  • Last Name3: KOLLER
  • Office Phone3: 908-526-5444
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Number Rooms: 5
  • Bedrooms: 2
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: Ground
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x10
  • Kitchen Level: Ground
  • Living Room Dim: 17x14
  • Living Room Level: Ground
  • Phone: 800-455-2059

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Patio
  • Roof Description: Composition Shingle

Garage/Parking

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

Condo/Co-op/Association

  • Association Maintenance Fee: 300
  • Association Maintenance Fee Frequency: Monthly

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: 127500
  • Assessed Land Value: 120000
  • Assessment: 247500
  • Easement: Unknown
  • Lot Description: Open Lot
  • Lot Identifier: 35.16
  • Lot I D Tax: *

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: 5182
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00035-0016-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
Apr 26, 2021
Closed on
Jun 17, 2021
Sold by
Desousa Michelle
Bought by
Gencarelli Pasquale and Roth Allison Carol
Seller's Agent
TERESA RIGA
NJ REALTY SYSTEMS LLC.
Buyer's Agent
TODD KOLLER
WEICHERT REALTORS
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%
Current Estimated Value
$415,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,146
Avg. Annual Appreciation
7.04%
Original Mortgage
$248,000
Outstanding Balance
$224,533
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$190,613

Purchase Details

Listed on
Jun 24, 2019
Closed on
Oct 10, 2019
Sold by
Hawk John A
Bought by
Desousa Michelle
Seller's Agent
MARLENE BUCCAFUSCO
RE/MAX PREMIER
Buyer's Agent
VINOD VAID
DAVIS REALTORS
List Price
$289,900
Sold Price
$272,000
Premium/Discount to List
-$17,900
-6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$258,400
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2007
Sold by
Centrella Dianne T
Bought by
Hawk John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,800
Interest Rate
6.18%

Purchase Details

Closed on
Jun 28, 2000
Sold by
Parkes Susan
Bought by
Centrella Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.59%
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
Gencarelli Pasquale $310,000 Residential Com Ttl Agcy Llc
Desousa Michelle $272,000 Fidelity National Ttl Ins Co
Hawk John A $242,000 --
Centrella Dianne $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gencarelli Pasquale $248,000
Previous Owner Desousa Michelle $258,400
Previous Owner Hawk John A $217,800
Previous Owner Centrella Dianne $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2021 06/21/21 Sold $310,000 +1.6% --
05/14/2021 05/14/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $305,000 +12.1% --
10/07/2019 10/07/19 Sold $272,000 -6.2% -- View Prior Sale
09/09/2019 09/09/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $289,900 -- --
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 $5,716 $364,300 $160,000 $204,300
2024 $5,716 $321,300 $129,000 $192,300
2023 $5,658 $300,000 $129,000 $171,000
2022 $5,508 $273,900 $129,000 $144,900
2021 $5,183 $252,500 $120,000 $132,500
2020 $5,183 $247,500 $120,000 $127,500
2019 $4,837 $237,800 $123,000 $114,800
2018 $4,726 $235,700 $125,000 $110,700
2017 $4,660 $234,300 $125,000 $109,300
2016 $4,610 $236,300 $125,000 $111,300
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: 3707587

Garden State MLS

APN: 02-09203-0000-00035-16-CONDO