NOT LISTED FOR SALE

383 Potomac Dr Basking Ridge, NJ 07920

Estimated Value: $330,000 - $365,000

1 Bed
1 Bath
850 Sq Ft
$311/mo HOA Fee

Last Sold September 30, 2019

Last sale price $220,500 $259 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,576/month

28 Days on Market

Highlights

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

About This Home

As of September 2019

Great Baxter II model on First Floor in Madison Village at Spring Ridge. Gorgeous engineered wood floors. Eat-in kitchen with window. Large bedroom. Some updates in the bathroom. Private deck. Large basement storage room. Garage. 326-acres well-maintained grounds bordering over 100 acres of undisturbed nature. Convenient to Rt. 78 & shopping. On-site property manager, clubhouse, playground, bocce court, bicycle paths, tennis court & in-ground pool. Excellent Basking Ridge schools. Elementary school: Cedar Hill.

Last Agent to Sell the Property

ALMA AGUAYO

WEICHERT REALTORS Listed on: 06/28/2019

Last Buyer's Agent

Gina Rossomondo

RE/MAX COMPETITIVE EDGE

RE/MAX COMPETITIVE EDGE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,001

Lot Details

  • 305

HOA Fees

  • $311 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Additional Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Unfinished Basement

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Private Pool
  • Deck

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 2702-08701-0000-00174-0000-CONDO

Community Details

Overview

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

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

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

Pet Policy

  • Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,001

Lot Details

0

HOA Fees

$311 per month

Parking

1

Listing Details

  • Style: First Floor Unit, One Floor Unit
  • Primary Style: First Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: Rt 78 exit 36 to King George Rd to Spring Valley Blvd (Spring Ridge Entrance) to 4th Left on Potomac Drive to 1st Left, bear Left
  • I D: 4900905
  • Section Subdiv Development: Spring Ridge
  • First Name: ALMA
  • First Name3: GINA
  • First Name4: LAURA
  • Last Name: AGUAYO
  • Last Name3: ROSSOMONDO
  • Last Name4: HUBERT
  • Office Phone: 908-766-7500
  • Office Phone3: 908-766-2020
  • Office Phone4: 908-766-2020
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Range/Oven-Electric, Refrigerator, Dishwasher, Stackable Washer/Dryer, Microwave Oven
  • Interior Amenities: Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Bedrooms: 1
  • Bedroom 1 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Utility Room, Storage Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x11
  • Kitchen Level: First
  • Living Room Dim: 19x11
  • Living Room Level: First
  • Other Room 1: Storage Room
  • Other Room1 Dim: 22x18
  • Other Room1 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Laundry Room, Foyer, Living Room, Dining Room, Bath Main, Kitchen
  • Estimated Sq Ft: 850
  • Phone: 908-766-7500

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Curbs, Deck
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: Additional Parking, Blacktop

Utilities

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

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Jogging/Biking Path, Storage, Tennis Courts
  • Association Maintenance Fee: 311
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Exterior, Snow Removal, Trash Collection, Maintenance-Common Area, Water Fees

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Application Fee: 933
  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4001
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00174-0000-CONDO
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2019
Closed on
Sep 18, 2019
Sold by
Seely Richard M and Seely Joan C
Bought by
Namini Sarah A and Namini Troy D
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
Gina Rossomondo
RE/MAX COMPETITIVE EDGE
List Price
$227,000
Sold Price
$220,500
Premium/Discount to List
-$6,500
-2.86%
Current Estimated Value
$350,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,443
Avg. Annual Appreciation
7.81%
Original Mortgage
$165,375
Outstanding Balance
$144,255
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$206,688

Purchase Details

Listed on
Jun 23, 2017
Closed on
Aug 28, 2017
Sold by
Mazur Joseph J
Bought by
Seely Rishard M and Seely Joan C
Seller's Agent
Brenda Garcia
RE/MAX PREMIER
Buyer's Agent
LINDA DIFORIO
TURPIN REAL ESTATE, INC.
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$172,000
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Namini Sarah A $220,500 Prestige Title Agency Inc
Seely Rishard M $215,000 Simplicity Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namini Sarah A $165,375
Previous Owner Seely Rishard M $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2019 09/30/19 Sold $220,500 -2.9% $259 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $227,000 +5.6% $267 / Sq Ft
08/30/2017 08/30/17 Sold $215,000 -4.4% -- View Prior Sale
08/11/2017 08/11/17 Pending -- -- --
06/23/2017 06/23/17 For Sale $225,000 -- --
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 $5,008 $303,200 $140,000 $163,200
2024 $5,008 $281,500 $127,700 $153,800
2023 $4,790 $254,000 $127,700 $126,300
2022 $4,668 $232,100 $123,600 $108,500
2021 $4,600 $218,000 $123,600 $94,400
2020 $4,383 $209,300 $118,500 $90,800
2019 $4,178 $205,400 $128,800 $76,600
2018 $4,002 $199,600 $123,000 $76,600
2017 $3,988 $200,500 $123,000 $77,500
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: 3569311

Garden State MLS

APN: 02-08701-0000-00174-0000-CONDO