$350,000
SOLD JUN 21, 2019

466 Penns Way Basking Ridge, NJ 07920

2 Beds
2.5 Baths
-- Sq Ft
$290/mo HOA Fee

Recently Sold

15 Days on Market

Highlights

  • Private Pool
  • 43.2 Acre Lot
  • Wooded Lot
  • Liberty Corner Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of December 2019

Sweeping lawns & classic curb appeal welcome you to this Immaculate end-unit townhouse. It abounds in desirable amenities like a wood-burning FP in the LR, an open-concept DR, a renovated EIK and an updated PR & Master Bathroom, HW & laminate flooring, stylish décor, 2nd floor Laundry, and a rear Patio bordered by a protected scenic copse of trees. The savvy buyer will appreciate the newer forced-air furnace & HWH (2015), CAC & ceiling fans, and newer windows. There is an on-site clubhouse, in-ground pool, tennis/bocce/basketball courts--and, of course, the excellent Basking Ridge school system. LIVE carefree! PLEASE NOTE: 1) 3 months of Maintenance Fees are payable by Purchaser at closing, held in escrow, and returned to Owner at closing. 2) Driveway re-surfacing is planned for mid-May.

Last Agent to Sell the Property

MARY JO HERR

PROMINENT PROPERTIES SIR Listed on: 04/24/2019

Last Buyer's Agent

CATHERINE FRATES

BHHS FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,682

Year Built

  • Built in 1987

Lot Details

  • Open Lot
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Ceiling Fan
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Additional Parking
  • Parking Lot

Outdoor Features

  • Private Pool
  • Patio
  • Storage Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-09203-0000-00047-0001-CONDO
  • Tax Block *

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,682

Year Built

Built in 1987

Lot Details

0

HOA Fees

$290 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
  • Exclusions: Light fixture in Foyer
  • Street Number Display: 466
  • Directions: RTE 78 W to Exit 36 onto King George Rd. Left onto Spring Valley Blvd to Society Hill complex. Take 1st Right onto Penns Way (pass the pond fountain)
  • I D: 4889986
  • Modified: 2021-09-23
  • Number Images: 21
  • Section Subdiv Development: Society Hill
  • First Name: MARY JO
  • First Name3: CATHERINE
  • Last Name: HERR
  • Last Name3: FRATES
  • Office Phone: 908-273-8808
  • Office Phone3: 908-580-5000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Self Cleaning Oven, Dryer, Microwave Oven
  • Interior Amenities: SoakTub, TubShowr, StallShw, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x11
  • Kitchen Level: First
  • Living Room Dim: 14x14
  • Living Room Level: First
  • Level 1 Rooms: Foyer, Living Room, Dining Room, Storage Room, Powder Room, Kitchen
  • Level 2 Rooms: Laundry Room, 2 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-273-8808

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Storage Shed, Underground Lawn Sprinkler, Patio, Curbs, Tennis Courts, Sidewalk, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: 1 Car Width, Parking Lot-Shared, Additional Parking, Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Playground, Club House, Pool-Outdoor, Jogging/Biking Path, Tennis Courts
  • Association Maintenance Fee: 290
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Snow Removal, Trash Collection, Maintenance-Common Area, Sewer Fees

Fee Information

  • Other Fee Freqency: R

Schools

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

Lot Info

  • Lot Size: 43.2 acres
  • Assessed Improvement Value: 158400
  • Assessed Land Value: 125000
  • Assessment: 283400
  • Easement: Unknown
  • Lot Description: Backs to Park Land, Level Lot, Open Lot, Wooded Lot
  • Lot Identifier: 47.1
  • Lot I D Tax: *
  • Total Acres: 43.20

Rental Info

  • Application Fee: 250
  • Pets Allowed: Yes

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5682
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-09203-0000-00047-0001-CONDO
  • Tax Rate Amount: 2.005
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: LIBERTY C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Nov 18, 2019
Sold by
Phipps Lori B
Bought by
Morana Marianne
Seller's Agent
CATHERINE FRATES
BHHS FOX & ROACH
Buyer's Agent
LISA VANHARA
KELLER WILLIAMS TOWNE SQUARE REAL
List Price
$355,000
Sold Price
$360,000
Premium/Discount to List
$5,000
1.41%
Total Days on Market
15
Current Estimated Value
$509,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,039
Avg. Annual Appreciation
5.99%
Original Mortgage
$260,000
Outstanding Balance
$233,255
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$262,589

Purchase Details

Listed on
Apr 24, 2019
Closed on
Jun 6, 2019
Sold by
Benson Marlyse
Bought by
Phipps Lori B
Seller's Agent
MARY JO HERR
PROMINENT PROPERTIES SIR
Buyer's Agent
CATHERINE FRATES
BHHS FOX & ROACH
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$100,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 2, 2013
Closed on
Jan 2, 2013
Sold by
Compagnino Paul
Bought by
Benson Marlyse
Buyer's Agent
MARY JO HERR
PROMINENT PROPERTIES SIR
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%
Original Mortgage
$212,000
Interest Rate
3.36%
Mortgage Type
VA

Purchase Details

Closed on
Oct 15, 1998
Sold by
Evers Edward
Bought by
Hildebrandt Constance
Source: Public Records

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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 Type Sale Price Title Company
Bargain Sale Deed $360,000 Cortes & Hay Title Agcy Inc
Deed $350,000 Associated Title Agency
Deed $265,000 First American Title Ins Co
Deed $142,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $212,000 VA
Previous Owner $58,300 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $360,000 +1.4% --
10/29/2019 10/29/19 Pending -- -- --
10/12/2019 10/12/19 For Sale $355,000 +1.4% --
06/21/2019 06/21/19 Sold $350,000 0.0% --
05/09/2019 05/09/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $350,000 +32.1% --
01/02/2013 01/02/13 Sold $265,000 -- --
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 $7,586 $426,400 $129,000 $297,400
2023 $7,286 $386,300 $129,000 $257,300
2022 $7,402 $368,100 $129,000 $239,100
2021 $7,005 $332,000 $129,000 $203,000
2020 $6,772 $323,400 $129,000 $194,400
2019 $5,917 $290,900 $125,000 $165,900
2018 $5,682 $283,400 $125,000 $158,400
2017 $5,525 $277,800 $125,000 $152,800
2016 $5,385 $276,000 $125,000 $151,000
2015 $5,146 $268,600 $125,000 $143,600
2014 $5,086 $263,000 $125,000 $138,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3550508

Garden State MLS

APN: 02-09203-0000-00047-01-CONDO