NOT LISTED FOR SALE

392 Penns Way Unit 29B Basking Ridge, NJ 07920

Estimated Value: $486,000 - $515,130

2 Beds
3 Baths
-- Sq Ft
915 Sq Ft Lot

Last Sold October 25, 2023

Last sale price $458,000

Est. 10% increase in value since last sale

Current estimated payment $3,408/month

11 Days on Market

About This Home

As of October 2023

This home is located at 392 Penns Way Unit 29B, Basking Ridge, NJ 07920 since 12 September 2023 and is currently estimated at $504,533. This property was built in 1986. 392 Penns Way Unit 29B is a home located in Somerset County with nearby schools including Liberty Corner Elementary School, William Annin Middle School, and Ridge High School.

Last Agent to Sell the Property

KAREN LEMKE

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 908-696-8600 Listed on: 09/12/2023

Co-Listed By

JILL FAHERTY

KL SOTHEBY'S INT'L. REALTY Brokerage Phone: 908-696-8600

Last Buyer's Agent

SUSAN ADLER

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,452

Year Built

  • Built in 1986

Lot Details

  • 915

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,452

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 392
  • I D: 5240438
  • Modified: 2024-10-26
  • Number Images: 18
  • Attribution Contact: 908-696-8600
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 22, 2023
Sold by
Weibel Eric and Weibel Maura
Bought by
Mitchell Matthew R and Mitchell Jennifer L
Seller's Agent
KAREN LEMKE
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
SUSAN ADLER
KELLER WILLIAMS REALTY
List Price
$419,000
Sold Price
$458,000
Premium/Discount to List
$39,000
9.31%
Views
78
Current Estimated Value
$504,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,533
Avg. Annual Appreciation
6.59%
Original Mortgage
$343,500
Outstanding Balance
$338,653
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$172,803

Purchase Details

Closed on
Feb 14, 2008
Sold by
Cassady Christopher S and Tsang Tricia S
Bought by
Weibel Eric and Crow Marura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2005
Sold by
Rizzolo Ralph M
Bought by
Cassady Christopher S and Tsang Tricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 20, 2000
Sold by
Blankenship Terrance
Bought by
Rizzolo Ralph and Rizzolo Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
8.19%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Mitchell Matthew R $458,000 Acres Land Title
Weibel Eric $300,000 None Available
Cassady Christopher S $340,000 --
Rizzolo Ralph $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Matthew R $343,500
Previous Owner Weibel Eric $255,000
Previous Owner Weibel Eric $270,000
Previous Owner Cassady Christopher S $272,000
Previous Owner Rizzolo Ralph $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2023 10/25/23 Sold $458,000 +9.3% --
09/28/2023 09/28/23 Pending -- -- --
09/16/2023 09/16/23 For Sale $419,000 -- --
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 $7,452 $418,900 $129,000 $289,900
2023 $7,395 $392,100 $129,000 $263,100
2022 $7,461 $371,000 $129,000 $242,000
2021 $6,836 $324,000 $129,000 $195,000
2020 $6,839 $326,600 $129,000 $197,600
2019 $6,531 $321,100 $125,000 $196,100
2018 $6,248 $311,600 $125,000 $186,600
2017 $6,031 $303,200 $125,000 $178,200
2016 $5,830 $298,800 $125,000 $173,800
2015 $5,401 $281,900 $125,000 $156,900
2014 $5,527 $285,800 $125,000 $160,800
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    KAREN LEMKE

    KL SOTHEBY'S INT'L. REALTY

  • J

    Seller Co-Listing Agent in 2023

    JILL FAHERTY

    KL SOTHEBY'S INT'L. REALTY

  • S

    Buyer's Agent in 2023

    SUSAN ADLER

    KELLER WILLIAMS REALTY

  • K

    Buyer Co-Listing Agent in 2023

    KELSEY SANTIAGO

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3864205

Garden State MLS

APN: 02-09203-0000-00038-07-CONDO

New Jersey Somerset County Basking Ridge 07920

392 Penns Way Unit 29B, Basking Ridge, NJ

This home is located at 392 Penns Way Unit 29B, Basking Ridge, NJ 07920 since 12 September 2023 and is currently estimated at $504,533. This property was built in 1986. 392 Penns Way Unit 29B 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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