NOT LISTED FOR SALE

424 Penns Way Basking Ridge, NJ 07920

Estimated Value: $472,000 - $521,000

2 Beds
3 Baths
-- Sq Ft
1,002 Sq Ft Lot

Last Sold December 22, 2023

Last sale price $418,000

Est. 19% increase in value since last sale

Current estimated payment $3,221/month

12 Days on Market

About This Home

As of December 2023

This home is located at 424 Penns Way, Basking Ridge, NJ 07920 since 03 November 2023 and is currently estimated at $495,823. This property was built in 1986. 424 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

Michele Klug

KELLER WILLIAMS TOWNE SQUARE REAL Brokerage Phone: 908-766-0085 Listed on: 11/03/2023

KELLER WILLIAMS TOWNE SQUARE REAL

Last Buyer's Agent

Michele Klug

KELLER WILLIAMS TOWNE SQUARE REAL Brokerage Phone: 908-766-0085 Listed on: 11/03/2023

KELLER WILLIAMS TOWNE SQUARE REAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,068

Year Built

  • Built in 1986

Lot Details

  • 1,002

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,068

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • County Name: Somerset
  • Street Number Display: 424
  • I D: 5252376
  • Modified: 2024-12-23
  • Number Images: 1
  • Attribution Contact: 908-766-0085
  • 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
Nov 3, 2023
Closed on
Dec 1, 2023
Sold by
Ferrara Dominick A
Bought by
Gupta Alok
Seller's Agent
Michele Klug
KELLER WILLIAMS TOWNE SQUARE REAL
Buyer's Agent
Michele Klug
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$400,000
Sold Price
$418,000
Premium/Discount to List
$18,000
4.5%
Total Days on Market
12
Views
67
Current Estimated Value
$495,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,823
Avg. Annual Appreciation
12.59%
Original Mortgage
$334,400
Outstanding Balance
$330,065
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$165,758
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 Buyer Sale Price Title Company
Gupta Alok $418,000 Westcor Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gupta Alok $334,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $418,000 +4.5% --
11/17/2023 11/17/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $400,000 -- --
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 $7,068 $397,300 $129,000 $268,300
2023 $6,741 $357,400 $129,000 $228,400
2022 $6,821 $339,200 $129,000 $210,200
2021 $5,802 $313,000 $129,000 $184,000
2020 $6,567 $313,600 $129,000 $184,600
2019 $6,324 $310,900 $125,000 $185,900
2018 $6,053 $301,900 $125,000 $176,900
2017 $5,800 $291,600 $125,000 $166,600
2016 $5,580 $286,000 $125,000 $161,000
2015 $5,038 $276,000 $125,000 $151,000
2014 $5,161 $279,800 $125,000 $154,800
Source: Public Records

Agents Affiliated with this Home

  • Michele Klug

    Seller's Agent in 2023

    Michele Klug

    KELLER WILLIAMS TOWNE SQUARE REAL

    (908) 672-2055

    773 Total Sales

    Michele Klug
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3872942

Garden State MLS

APN: 02-09203-0000-00041-07-CONDO

New Jersey Somerset County Basking Ridge 07920

424 Penns Way, Basking Ridge, NJ

This home is located at 424 Penns Way, Basking Ridge, NJ 07920 since 03 November 2023 and is currently estimated at $495,823. This property was built in 1986. 424 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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