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218 Potomac Drive

218 Potomac Drive, Basking Ridge, NJ 07920
Condo in Somerset
Sold May 21, 2021
$330,000
$295,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2051
Sold Jan 27, 2020
$294,000
$242,250 by Bank Of America Na
Mortgage Due Feb 01, 2035
218 Potomac Drive is a condo located in Somerset, Basking Ridge. The building was first built in 1993 and is 31 years old.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. See the full transaction history for 218 Potomac Drive below.

Somerset, where 218 Potomac Drive is located, has a median asking price of $299,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 518
  • Total Building Area: 1,050
  • Building Area: 1,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,050
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MADISON VILLAGE CONDOMINIUM
  • Land Acres: 0.011
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: L 103.01 C-GAR

Ownership

  • Current Owner : CAIN MEGAN VIRGINIA
  • Current Owner 2: GUGLER CHRISTOPHER JAMES
  • Previous Owner : MASTICE PAUL
  • Previous Owner 2: MASTICE CINDY
  • Owner Before Previous Owner: HAWK JOHN
  • Owner Before Previous Owner 2: HAWK JOHN A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052603

Zoning

  • Zoning: R5

Geography

  • District: 02
  • Parcel: 02 08701-0000-00103-0000-CONDO
  • Block: 8701
  • Lot: 103
  • Municipality: BERNARDS TWP
  • Latitude: 40.6596
  • Longitude: -74.542

    Address

  • Full Address: 218 Potomac Dr
  • Address - House Number: 218
  • Address - Street Name: Potomac
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: C010
  • 4-Digit Zip Code: 3197
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,212

    Appraisal Valuation

  • Standard Deviation: 0.1495
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 400,716
  • High Value: 460,656
  • Low Value: 340,776

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $295,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 21, 2021
  • First Open Lien Mortgage Loan Amount: $295,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $328,972
  • Market Land Value: $123,839
  • Market Improvement Value: $205,133

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,400
  • Assessed Land Value: $124,000
  • Assessed Improvements Value: $205,400

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Transaction ID: 11836609202
  • Current Sale Price: $330,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021032455
  • Previous Sale Recording Date: Jan 27, 2020
  • Previous Sale Contract Date: Jan 13, 2020
  • Previous Sale Amount: $294,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 21, 2021
  • First Mortgage Loan Amount: $295,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jan 27, 2020
  • Previous Mortgage Loan Amount: $242,250
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2035

About Somerset



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 2 Hawthorne Pl, Bernards Twp., NJ, 07920-3125

$4,250 /mo

  • 3 Beds
  • 2.5 Baths
2 Hawthorne Pl, Bernards Twp., NJ, 07920-3125 Listing by HUI C. CHANG

Frequently Asked Questions

What neighborhood is 218 Potomac Drive located in?
The 218 Potomac Drive is a condo located in the neighborhood of Somerset in Somerset, Basking Ridge.
What is the average sales price for listings in 218 Potomac Drive?
The average sales price for units in 218 Potomac Drive is $0 currently.

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