$598,000
SOLD MAR 25, 2025

471 Penns Way Basking Ridge, NJ 07920

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

Recently Sold

14% Above List Price

7 Days on Market

About This Home

As of March 2025

This home is located at 471 Penns Way, Basking Ridge, NJ 07920 and is currently priced at $598,000. 471 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

NANNETTE BUCHNEY

WEICHERT REALTORS Brokerage Phone: 908-757-7780 Listed on: 02/12/2025

Last Buyer's Agent

WENJUN ZHAO

GARDEN HOME REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,813

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,813

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 471
  • I D: 5337312
  • Modified: 2025-03-25
  • Number Images: 1
  • Attribution Contact: 908-757-7780
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Mar 24, 2025
Sold by
Carey Helen R
Bought by
Mopuru Ravi Kumar Reddy and Bandi Sarika
Seller's Agent
NANNETTE BUCHNEY
WEICHERT REALTORS
Buyer's Agent
WENJUN ZHAO
GARDEN HOME REALTY
List Price
$525,000
Sold Price
$598,000
Premium/Discount to List
$73,000
13.9%
Views
76
Current Estimated Value
$585,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,809
Avg. Annual Appreciation
-8.30%
Original Mortgage
$478,400
Outstanding Balance
$478,400
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$106,791
Source: Public Records

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Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $598,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $478,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2025 03/25/25 Sold $598,000 +13.9% --
02/21/2025 02/21/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $525,000 -- --
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 $7,813 $439,200 $129,000 $310,200
2023 $7,657 $406,000 $129,000 $277,000
2022 $7,668 $381,300 $129,000 $252,300
2021 $6,201 $322,100 $129,000 $193,100
2020 $6,540 $312,300 $129,000 $183,300
2019 $6,316 $310,500 $125,000 $185,500
2018 $6,226 $310,500 $125,000 $185,500
2017 $6,176 $310,500 $125,000 $185,500
2016 $5,990 $307,000 $125,000 $182,000
2015 $5,859 $305,800 $125,000 $180,800
2014 $5,914 $305,800 $125,000 $180,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2025

    NANNETTE BUCHNEY

    WEICHERT REALTORS

  • W

    Buyer's Agent in 2025

    WENJUN ZHAO

    GARDEN HOME REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3945583

Garden State MLS

APN: 02-09203-0000-00047-06-CONDO

New Jersey Somerset County Basking Ridge 07920

471 Penns Way, Basking Ridge, NJ

This home is located at 471 Penns Way, Basking Ridge, NJ 07920 and is currently priced at $598,000. 471 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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