$517,500
SOLD JUN 17, 2025

408 Penns Way Basking Ridge, NJ 07920

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

Recently Sold

4% Above List Price

15 Days on Market

About This Home

As of June 2025

This home is located at 408 Penns Way, Basking Ridge, NJ 07920 and is currently priced at $517,500. This property was built in 1986. 408 Penns Way 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

JAMES MULVEY

C-21 NEW BEGINNINGS Brokerage Phone: 908-647-2000 Listed on: 04/21/2025

Last Buyer's Agent

Kevin Yento

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,637

Year Built

  • Built in 1986

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,637

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 408
  • I D: 5351466
  • Modified: 2025-06-17
  • Number Images: 0
  • Attribution Contact: 908-647-2000
  • 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
Apr 21, 2025
Closed on
Jun 20, 2025
Sold by
Coviello Anthony L and Coviello Madalina
Bought by
Malek Adam M and Tosti Alexis T
Seller's Agent
JAMES MULVEY
C-21 NEW BEGINNINGS
Buyer's Agent
Kevin Yento
COLDWELL BANKER REALTY
List Price
$499,900
Sold Price
$517,500
Premium/Discount to List
$17,600
3.52%
Views
28
Current Estimated Value
$515,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,098
Avg. Annual Appreciation
-1.34%
Original Mortgage
$439,875
Outstanding Balance
$438,735
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$76,667

Purchase Details

Closed on
Apr 12, 2000
Sold by
Kirchofer Maurice
Bought by
Coviello Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,600
Interest Rate
8.21%

Purchase Details

Closed on
Jun 30, 1995
Sold by
Criag Michael
Bought by
Kirchofer Maurice and Madden Michelle

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
7.84%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $517,500 American Land Title
Deed $517,500 American Land Title
Deed $192,000 --
Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $439,875 New Conventional
Closed $439,875 New Conventional
Previous Owner $153,600 No Value Available
Previous Owner $110,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2025 06/17/25 Sold $517,500 +3.5% --
05/09/2025 05/09/25 Pending -- -- --
04/24/2025 04/24/25 For Sale $499,900 -- --
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 $7,637 $476,200 $160,000 $316,200
2024 $7,637 $429,300 $129,000 $300,300
2023 $7,252 $384,500 $129,000 $255,500
2022 $7,322 $364,100 $129,000 $235,100
2021 $6,744 $319,600 $129,000 $190,600
2020 $6,353 $303,400 $129,000 $174,400
2019 $6,116 $300,700 $125,000 $175,700
2018 $5,859 $292,200 $125,000 $167,200
2017 $5,698 $286,500 $125,000 $161,500
2016 $5,435 $278,600 $125,000 $153,600
2015 $5,024 $262,200 $125,000 $137,200
2014 $5,137 $265,600 $125,000 $140,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    JAMES MULVEY

    C-21 NEW BEGINNINGS

  • Kevin Yento

    Buyer's Agent in 2025

    Kevin Yento

    COLDWELL BANKER REALTY

    (908) 334-4586

    13 in this area

    623 Total Sales

    Kevin Yento
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3957710

Garden State MLS

APN: 02-09203-0000-00039-07-CONDO

New Jersey Somerset County Basking Ridge 07920

408 Penns Way, Basking Ridge, NJ

This home is located at 408 Penns Way, Basking Ridge, NJ 07920 and is currently priced at $517,500. This property was built in 1986. 408 Penns Way 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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