NOT LISTED FOR SALE

78 Potomac Dr Unit 2 Basking Ridge, NJ 07920

Estimated Value: $326,000 - $408,000

1 Bed
1 Bath
-- Sq Ft
$341/mo HOA Fee

Last Sold October 19, 2022

Last sale price $282,000

Est. 33% increase in value since last sale

Current estimated payment $2,761/month

8 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Tennis Courts
  • Cedar Hill Elementary School Rated A
  • Deck
  • Jogging Path

About This Home

As of October 2022

Move-in ready. This 5 room penthouse/end-unit is freshly painted and has new carpet. Offers open flow and numerous updates. Kitchen features SS appliances/sink, granite, tile backsplash. Gas fireplace, sliders to a sunny balcony. Spacious bedroom connects with a fully-renovated bathroom. Ownership includes a separate basement storage area and detached garage. The building overlooks beautiful open space. Chesterfield 11 model

Last Agent to Sell the Property

PEGGY OBLACK

BHHS FOX & ROACH Brokerage Phone: 908-500-5239 Listed on: 09/08/2022

Last Buyer's Agent

Paula Axt

BHHS FOX & ROACH

BHHS FOX & ROACH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,218

Year Built

  • Built in 1994

Lot Details

  • Open Lot

HOA Fees

  • $341 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Parking Lot

Home Design

  • Vertical Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Blinds
  • Formal Dining Room
  • Storage Room
  • Wall to Wall Carpet
  • Unfinished Basement
  • Front Basement Entry

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

  • Cedar Hill Elementary School
  • W Annin Middle School
  • Ridge High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2702-08701-0000-00315-0000-CONDO

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
  • $1,023 Other One-Time Fees

Recreation

  • Tennis Courts
  • Community Pool
  • Jogging Path

Pet Policy

  • Cats Allowed

Additional Features

  • Clubhouse
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,218

Year Built

Built in 1994

Lot Details

0

HOA Fees

$341 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1994
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: King George Rd to Spring Ridge Entrance(Spring Valley Blvd) 5th Left is Potomac
  • I D: 5177383
  • Section Subdiv Development: Madison Village
  • First Name: PEGGY
  • First Name3: PAULA
  • Last Name: OBLACK
  • Last Name3: AXT
  • Office Phone: 908-580-5000
  • Office Phone3: 908-580-5000
  • Attribution Contact: 908-500-5239
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Tile
  • Fireplace Description: Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Blinds, Walk-In Closet
  • Bedrooms: 1
  • Bedroom 1 Level: Second
  • Primary Bathroom Features: Stall Shower And Tub
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished
  • Basement Level Rooms: Storage Room
  • Dining Room Level: Second
  • Den Level: Second
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x9
  • Kitchen Level: Second
  • Living Room Dim: 19x16
  • Living Room Level: Second
  • Level 2 Rooms: 1 Bedroom, Bath Main, Dining Room, Entrance Vestibule, LivDinRm
  • Phone: 908-580-5000

Exterior Features

  • Exterior Description: Vertical Siding
  • Exterior Features: Curbs, Deck
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: Parking Lot-Shared

Utilities

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

Condo/Co-op/Association

  • Amenities: Club House, Jogging/Biking Path, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 341
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 1023

Schools

  • High School: RIDGE
  • Middle Jr High School: W ANNIN

Lot Info

  • Lot Size: MADISON VILLAGE
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5218
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2702-08701-0000-00315-0000-CONDO
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.110
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: CEDAR HILL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Oct 14, 2022
Sold by
Cerullo Michael
Bought by
Befumo Rebecca
Seller's Agent
PEGGY OBLACK
BHHS FOX & ROACH
Buyer's Agent
Paula Axt
BHHS FOX & ROACH
List Price
$275,000
Sold Price
$282,000
Premium/Discount to List
$7,000
2.55%
Views
8
Current Estimated Value
$376,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,328
Avg. Annual Appreciation
9.79%

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jul 21, 2016
Sold by
Sloan Kimberly J
Bought by
Cerullo Michale
Seller's Agent
SANDRA D O KEEFE
RE/MAX PREFERRED PROFESSIONALS
Buyer's Agent
SANDRA D O KEEFE
RE/MAX PREFERRED PROFESSIONALS
List Price
$244,900
Sold Price
$240,000
Premium/Discount to List
-$4,900
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%

Purchase Details

Closed on
Feb 20, 2009
Sold by
Dorko Allison Kiacik and Dorko Clristopeer
Bought by
Sloan Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2004
Sold by
Dispirito Joann V
Bought by
Klacik Allison R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.47%

Purchase Details

Closed on
May 23, 1994
Sold by
Hovnanian K
Bought by
Dispirito Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
8.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Befumo Rebecca $282,000 Realsafe Title
Befumo Rebecca $282,000 Realsafe Title
Cerullo Michale $240,000 Old Republic National Title
Sloan Kimberly J $249,000 None Available
Klacik Allison R $275,000 --
Dispirito Joann $115,520 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sloan Kimberly J $186,750
Previous Owner Klacik Allison R $145,000
Previous Owner Dispirito Joann $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2022 10/19/22 Sold $282,000 +2.5% --
09/16/2022 09/16/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $275,000 +14.6% --
07/21/2016 07/21/16 Sold $240,000 -2.0% $253 / Sq Ft View Prior Sale
05/09/2016 05/09/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $244,900 -- $258 / Sq Ft
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 $5,252 $335,700 $140,000 $195,700
2024 $5,252 $295,200 $124,000 $171,200
2023 $5,258 $278,800 $124,000 $154,800
2022 $5,138 $255,500 $120,000 $135,500
2021 $5,218 $247,300 $120,000 $127,300
2020 $4,923 $235,100 $115,000 $120,100
2019 $4,871 $239,500 $125,000 $114,500
2018 $4,762 $237,500 $123,000 $114,500
2017 $4,624 $232,500 $123,000 $109,500
2016 $4,476 $229,400 $123,000 $106,400
2015 $4,361 $227,600 $120,000 $107,600
2014 $4,104 $212,200 $120,000 $92,200
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    PEGGY OBLACK

    BHHS FOX & ROACH

  • Paula Axt

    Buyer's Agent in 2022

    Paula Axt

    BHHS FOX & ROACH

    (908) 230-3033

    5 in this area

    26 Total Sales

    Paula Axt
    Section Image

  • S

    Seller's Agent in 2016

    SANDRA D O KEEFE

    RE/MAX

See All Agents

Map

Source: Garden State MLS

MLS Number: 3806167

Garden State MLS

APN: 02-08701-0000-00315-0000-CONDO

New Jersey Somerset County Basking Ridge 07920

78 Potomac Dr Unit 2, Basking Ridge, NJ

Not Listed for Sale

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