NOT LISTED FOR SALE

397 Penns Way Unit D Basking Ridge, NJ 07920

Estimated Value: $513,000 - $597,289

3 Beds
2.5 Baths
1,672 Sq Ft
$332/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $390,000 $233 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,878/month

11 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Eat-In Kitchen
  • Liberty Corner Elementary School Rated A
  • Jogging Path
  • Forced Air Heating and Cooling System

About This Home

As of January 2021

North-east facing, rare 3 bedroom (model 600, largets in the community) townhome at Society Hill available for a new owner. Beautifully updated kitchen and bathrooms. Sunroom which leads to a large patio in the back. Assigned parking spot with plenty of shared parking. Amenities include tennis courts, swimming pool, tennis and bocce courts, playground, walking/ jogging paths & a clubhouse with on-site manager. Pet friendly community. Walking distance to Pleasant Valley Park. Conveniently located to RT 78, 287 & NYC Midtown Direct Trains & Buses. Top Rated School District!

Last Agent to Sell the Property

Xiaoyi Wu

QUEENSTON REALTY Listed on: 11/28/2020

Last Buyer's Agent

VIJAYALAKHMI VENKATESH

WEICHERT REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,283

Year Built

  • Built in 1987

Lot Details

  • 1,002

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,672 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Private Pool

Schools

  • Liberty C Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00042-0004-CONDO

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Storm Doors
  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,283

Year Built

Built in 1987

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Style: Townhouse-Interior, Multi Floor Unit
  • Primary Style: Townhouse-Interior
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1987
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: Valley Rd to Society Hill entrance to Penns Way.
  • I D: 5034304
  • Section Subdiv Development: Society Hill
  • First Name: XIAOYI
  • First Name3: VIJAYALAKHMI
  • Last Name: WU
  • Last Name3: VENKATESH
  • Office Phone: 292659
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Bedrooms: 3
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen Area: Eat-In Kitchen
  • Estimated Sq Ft: 1672
  • Phone: 888-362-6543

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Sidewalk, Storm Door(s), Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: Assigned, Parking Lot-Shared

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Playground, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 300
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

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

Lot Info

  • Lot Size: Common
  • Easement: Unknown
  • Lot Description: Level Lot
  • 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: 7283
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00042-0004-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.034
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2020
Closed on
Jan 28, 2021
Sold by
Wong Chi Wai Ronald and Chan Choi Ying
Bought by
Kumar Yamani Praveen and Manjusha Yamani Manjusha
Seller's Agent
Xiaoyi Wu
QUEENSTON REALTY
Buyer's Agent
VIJAYALAKHMI VENKATESH
WEICHERT REALTORS
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$554,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,572
Avg. Annual Appreciation
7.53%
Original Mortgage
$370,500
Outstanding Balance
$330,796
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$223,776

Purchase Details

Closed on
Jul 14, 2011
Sold by
Simon Cynthia and Grassel Eric
Bought by
Wong Chi Wai Ronald and Chan Choi Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
3.68%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kumar Yamani Praveen $390,000 Fidelity National Title
Wong Chi Wai Ronald $321,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Yamani Praveen $370,500
Previous Owner Wong Chi Wai Ronald $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2021 01/26/21 Sold $390,000 0.0% $233 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
11/28/2020 11/28/20 For Sale $390,000 -- $233 / Sq Ft
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 $7,899 $492,800 $160,000 $332,800
2024 $7,899 $444,000 $129,000 $315,000
2023 $7,738 $410,300 $129,000 $281,300
2022 $7,748 $385,300 $129,000 $256,300
2021 $7,312 $369,100 $129,000 $240,100
2020 $7,526 $359,400 $129,000 $230,400
2019 $7,284 $358,100 $125,000 $233,100
2018 $7,180 $358,100 $125,000 $233,100
2017 $7,049 $354,400 $125,000 $229,400
2016 $6,979 $357,700 $125,000 $232,700
2015 $6,685 $348,900 $125,000 $223,900
2014 $6,748 $348,900 $125,000 $223,900
Source: Public Records

Agents Affiliated with this Home

  • Xiaoyi Wu

    Seller's Agent in 2021

    Xiaoyi Wu

    QUEENSTON REALTY

    (609) 375-5677

    1 in this area

    212 Total Sales

    Xiaoyi Wu
    Section Image

  • V

    Buyer's Agent in 2021

    VIJAYALAKHMI VENKATESH

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 3680692

Garden State MLS

APN: 02-09203-0000-00042-04-CONDO

New Jersey Somerset County Basking Ridge 07920

397 Penns Way Unit D, Basking Ridge, NJ

Not Listed for Sale

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