205 Potomac Drive

Local assessors in Basking Ridge, NJ have categorized 205 Potomac Drive as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 434 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 205 Potomac Drive has a total of 1,000 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Apr 19, 2016 for $250,000. That's $250.00 per sqft. Prior to that sales transaction, the property was also sold in May 30, 1997 for $131,000. 205 Potomac Drive was last assessed in 2023. The total value of the property was assessed at $306,300. Specifically, the land the property is located on was valued at $124,000. While improvements on the property were assessed at a total of $182,300. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,777. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.