NOT LISTED FOR SALE

465 Penns Way Basking Ridge, NJ 07920

Estimated Value: $511,000 - $541,000

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

Last Sold November 22, 2022

Last sale price $444,000

Est. 18% increase in value since last sale

Current estimated payment $3,837/month

5 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Formal Dining Room
  • Liberty Corner Elementary School Rated A
  • Tennis Courts
  • Walk-In Closet

About This Home

As of November 2022

Society Hill in Basking Ridge is one of the most sought after communities in town. This townhome is a beautiful and bright end unit with 3 bedrooms and 2.5 bathrooms across 1,396 SQFT of interior living space. Renovated over the course of the last two years, you'll find this home to be turn-key ready for the most discerning of home buyers. New flooring throughout main floor, recessed lighting, custom window treatments throughout, modern appliances and a renovated kitchen are some of the most notable upgrades that make this home beautiful at every turn. Private- paved outdoor patio off of the kitchen is ideal for morning coffee, barbecuing or enjoying the sunset with your favorite drink. One assigned parking space at your front door and minutes away from schools and parks. Enjoy the community amenities such as pool, tennis courts and club house.

Last Listed By

ELAINE WALLER

WEICHERT REALTORS Brokerage Phone: 908-581-2236 Listed on: 10/03/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,863

Year Built

  • Built in 1987

Lot Details

  • Privacy Fence

HOA Fees

  • $315 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding
  • Tile

Interior Spaces

  • Blinds
  • Living Room
  • Formal Dining Room
  • Gas Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Private Pool
  • Patio

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 2702-09203-0000-00023-0008-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,863

Year Built

Built in 1987

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1987
  • Year Built Description: Approximate
  • County Name: Somerset
  • Renovated Year: 2022
  • Street Number Display: 465
  • Directions: Valley Rd to Society Hill entrance to Penns Way. Home on Right
  • I D: 5181106
  • Modified: 2023-11-23
  • Number Images: 38
  • First Name: ELAINE
  • First Name2: GERALDINE
  • First Name3: LUIS
  • First Name4: MAXWEL
  • Last Name: WALLER
  • Last Name2: BASILE
  • Last Name3: ZORRILLA
  • Last Name4: FAWCETT
  • Office Phone4: 212-929-4250
  • Attribution Contact: 908-581-2236
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Year Renovated: 2022

Interior Features

  • Flooring: Carpeting, Tile, Vinyl-Linoleum
  • Appliances: Carbon Monoxide Detector, Disposal, Dryer, Range/Oven-Gas, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Walk-In Closet
  • Number Rooms: 6
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Slab
  • Dining Room Level: First
  • Kitchen Area: Separate Dining Area
  • Kitchen Dim: 11x9
  • Kitchen Level: First
  • Living Room Dim: 20x13
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Kitchen, Laundry Room, Living Room, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-766-7447

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Patio, Privacy Fence, Sidewalk, Storm Door(s)
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

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

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, Playground, 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: 241400
  • Assessed Land Value: 129000
  • Assessment: 370400
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 23.08
  • 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: 6863
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00023-0008-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
Oct 3, 2022
Closed on
Nov 14, 2022
Sold by
Baslie Michael J and Baslie Geraldine A
Bought by
Ortega Alvin and Martinez Teresa Gomez
Seller's Agent
ELAINE WALLER
WEICHERT REALTORS
Buyer's Agent
LUIS ZORRILLA
RAREFIED REAL ESTATE PARTNERS LLC
List Price
$415,000
Sold Price
$444,000
Premium/Discount to List
$29,000
6.99%
Total Days on Market
5
Views
4
Current Estimated Value
$523,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,577
Avg. Annual Appreciation
9.13%
Original Mortgage
$352,000
Outstanding Balance
$344,045
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$205,885

Purchase Details

Listed on
Apr 2, 2020
Closed on
May 29, 2020
Sold by
Pradeep Meera and Krishnannair Pradeep
Bought by
Krishnannair Pradeep and Krishnannair Pradeep Meera
Seller's Agent
VIJAYALAKHMI VENKATESH
WEICHERT REALTORS
Buyer's Agent
HALDING RIOS
HARMONI REAL ESTATE SOLUTIONS
List Price
$349,999
Sold Price
$340,000
Premium/Discount to List
-$9,999
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%
Original Mortgage
$328,652
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2004
Sold by
Balyan Jagbir Singh
Bought by
Krishnannair Pradeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
6.03%

Purchase Details

Closed on
Oct 7, 1996
Sold by
Plakey James
Bought by
Balyan Jagbir and Balyan Saroj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
8.06%

Range of Values:

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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
Ortega Alvin $444,000 Allied Title
Krishnannair Pradeep $340,000 Westcor Land Title Ins Co
Krishnannair Pradeep $333,000 --
Balyan Jagbir $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortega Alvin $352,000
Previous Owner Basile Geraldine Alameda $81,874
Previous Owner Krishnannair Pradeep $328,652
Previous Owner Krishnannair Pradeep $274,000
Previous Owner Krishnannair Pradeep $284,000
Previous Owner Krishannair Pradeep K $81,570
Previous Owner Krishnannair Pradeep $266,400
Previous Owner Balyan Jagbir $113,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $444,000 +7.0% --
10/14/2022 10/14/22 Pending -- -- --
10/08/2022 10/08/22 For Sale $415,000 +22.1% --
06/10/2020 06/10/20 Sold $340,000 -2.9% --
04/23/2020 04/23/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $349,999 -- --
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 $7,429 $417,600 $129,000 $288,600
2023 $7,376 $391,100 $129,000 $262,100
2022 $7,449 $370,400 $129,000 $241,400
2021 $6,864 $325,300 $129,000 $196,300
2020 $6,590 $314,700 $129,000 $185,700
2019 $6,381 $313,700 $125,000 $188,700
2018 $6,290 $313,700 $125,000 $188,700
2017 $6,122 $307,800 $125,000 $182,800
2016 $5,867 $300,700 $125,000 $175,700
2015 $5,804 $302,900 $125,000 $177,900
2014 $5,570 $288,000 $125,000 $163,000
Source: Public Records

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Source: Garden State MLS

MLS Number: 3810622

Garden State MLS

APN: 02-09203-0000-00023-08-CONDO