NOT LISTED FOR SALE

425 Penns Way Basking Ridge, NJ 07920

Estimated Value: $471,000 - $512,000

2 Beds
2.5 Baths
-- Sq Ft
$315/mo HOA Fee

Last Sold May 24, 2022

Last sale price $380,000

Est. 29% increase in value since last sale

Current estimated payment $3,514/month

13 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Attic
  • Liberty Corner Elementary School Rated A
  • Deck
  • Sun or Florida Room

About This Home

As of May 2022

Lovely light filled end unit located in desirable Society Hill. Sliders lead to the back deck and bucolic setting. New flooring was recently added to the eat -in kitchen. Spacious DR & LR area with brick wood-burning fireplace. Laundry conveniently located on 2nd Floor. Generous sized bedrooms each en-suite. Amenities include:outdoor pool, 2 tennis courts,a bocce court, 1/2 basketball court & a clubhouse. Society hill is conveniently located to Route 78, 287 & trains and buses. Assigned parking spot and ample shared parking. The association collects 3 months of maintenance fees to be held in escrow and the application fee is $250. Enjoy community living at it's best. Property being sold as is. No known defects with wood burning fireplace. It is "as-is".

Last Agent to Sell the Property

Ann Piovano

COLDWELL BANKER REALTY Listed on: 03/22/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Kathryn Barcellona

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,466

Year Built

  • Built in 1986

Lot Details

  • 958

HOA Fees

  • $315 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Sun or Florida Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Additional Parking
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Deck

Schools

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

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00041-0008-CONDO
  • Tax Block *

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,466

Year Built

Built in 1986

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Style: Multi Floor Unit, Townhouse-End Unit
  • Primary Style: Multi Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1986
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 425
  • Directions: Valley Road to Spring Valley Blvd.(Society Hill) , to Penns Way
  • I D: 5135798
  • Modified: 2023-05-25
  • Number Images: 23
  • Section Subdiv Development: Society Hill
  • First Name: ANN
  • First Name3: KATHRYN
  • Last Name: PIOVANO
  • Last Name3: BARCELLONA
  • Office Phone3: 908-658-9000
  • Attribution Contact: 973-543-2552
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Laminate
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Dryer, Refrigerator, Washer
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Slab
  • Dining Room Level: First
  • Kitchen Area: Eat-In Kitchen, Separate Dining Area
  • Kitchen Dim: 11x10
  • Kitchen Level: First
  • Living Room Dim: 17x12
  • Living Room Level: First
  • Other Room 1: Sunroom
  • Other Room1 Dim: 14x8
  • Other Room1 Level: First
  • Other Room 2: Sunroom
  • Level 1 Rooms: Kitchen, Living Room, Powder Room, Sunroom
  • Level 2 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Laundry Room
  • Level 3 Rooms: Attic
  • Phone: 973-543-2552

Exterior Features

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

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Additional Parking, Assigned

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 315
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

  • Elementary School: LIBERTY C
  • Middle School: W ANNIN
  • High School: RIDGE
  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Assessed Improvement Value: 178900
  • Assessed Land Value: 129000
  • Assessment: 307900
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 41.08
  • Lot I D Tax: *

Rental Info

  • Application Fee: 250
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6466
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00041-0008-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Jun 7, 2022
Sold by
Catherine Lilienthal
Bought by
Singh Charan J and Singh Leslee W
Seller's Agent
Ann Piovano
COLDWELL BANKER REALTY
Buyer's Agent
Kathryn Barcellona
COLDWELL BANKER REALTY
List Price
$361,000
Sold Price
$380,000
Premium/Discount to List
$19,000
5.26%
Current Estimated Value
$490,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,535
Avg. Annual Appreciation
7.87%
Original Mortgage
$304,000
Outstanding Balance
$288,799
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$201,736
Source: Public Records

Range of Values:

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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
Singh Charan J $380,000 Fenimore John A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Charan J $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $380,000 +5.3% --
04/07/2022 04/07/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $361,000 -- --
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 $7,054 $448,300 $160,000 $288,300
2024 $7,054 $396,500 $129,000 $267,500
2023 $6,727 $356,700 $129,000 $227,700
2022 $6,809 $338,600 $129,000 $209,600
2021 $6,475 $307,900 $129,000 $178,900
2020 $6,466 $308,800 $129,000 $179,800
2019 $6,173 $303,500 $125,000 $178,500
2018 $5,913 $294,900 $125,000 $169,900
2017 $5,720 $287,600 $125,000 $162,600
2016 $5,506 $282,200 $125,000 $157,200
2015 $5,334 $278,400 $125,000 $153,400
2014 $5,458 $282,200 $125,000 $157,200
Source: Public Records

Agents Affiliated with this Home

  • Ann Piovano

    Seller's Agent in 2022

    Ann Piovano

    COLDWELL BANKER REALTY

    (862) 345-3113

    1 in this area

    19 Total Sales

    Ann Piovano
    Section Image
  • Kathryn Barcellona

    Buyer's Agent in 2022

    Kathryn Barcellona

    COLDWELL BANKER REALTY

    (908) 328-3232

    5 in this area

    160 Total Sales

    Kathryn Barcellona
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3770625

Garden State MLS

APN: 02-09203-0000-00041-08-CONDO

New Jersey Somerset County Basking Ridge 07920

425 Penns Way, Basking Ridge, NJ

This home is located at 425 Penns Way, Basking Ridge, NJ 07920 since 22 March 2022 and is currently estimated at $490,535. This property was built in 1986. 425 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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