340 Penns Way
Bernards Twp, NJ 07920
2 bd 2 ba 1,180 sqft Built 1987 condos
Most recent sale
$305,000
Jan 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 2, 2022 | Listed for rent | $2,400 | Avail |
| Jan 19, 2022 | Sold | $305,000 | MLS #3752217 |
| Jul 26, 2019 | Sold | $270,000 | MLS #3550406 |
| Dec 5, 2011 | Sold | $215,000 | Public Record |
| Sep 20, 2011 | Listing removed | $219,900 | GardenState |
| Aug 16, 2011 | Listed | $219,900 | MLS #2880760 |
| Mar 5, 1987 | Sold | $108,700 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $214,800 | $160,000 | $374,800 | $6,326 |
| 2024 | $214,800 | $160,000 | $374,800 | $5,883 |
| 2023 | $179,400 | $129,000 | $308,400 | $5,816 |
| 2022 | $152,100 | $129,000 | $281,100 | $5,652 |
| 2021 | $139,700 | $120,000 | $259,700 | $5,480 |
| 2020 | $136,300 | $120,000 | $256,300 | $5,367 |
| 2019 | $110,500 | $123,000 | $233,500 | $4,749 |
| 2018 | $106,600 | $125,000 | $231,600 | $4,644 |
| 2017 | $103,800 | $125,000 | $228,800 | $4,551 |
| 2016 | $105,000 | $125,000 | $230,000 | $4,487 |
| 2015 | $109,400 | $125,000 | $234,400 | $4,491 |
| 2014 | $103,800 | $125,000 | $228,800 | $4,425 |
| 2013 | $87,200 | $125,000 | $212,200 | $4,144 |
| 2012 | $88,500 | $125,000 | $213,500 | $4,144 |
| 2011 | $105,000 | $125,000 | $230,000 | $4,329 |
| 2010 | $100,300 | $125,000 | $225,300 | $4,118 |
| 2009 | $111,100 | $125,000 | $236,100 | $3,957 |
| 2008 | $117,600 | $135,000 | $252,600 | $3,946 |
| 2007 | $107,400 | $140,000 | $247,400 | $3,785 |
Property facts
Year built
1987
Property type
condos
Stories
—
Beds
2
Baths
2
Living area
1,180 sqft
Lot size
—
ZIP code
07920
City
Bernards Twp
Street
Penns Way
Coordinates
40.65177, -74.56489
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,770
Gross rental yield
6.96%
Implied cap rate
4.53%
Trend-extrapolated value
—
Frequently asked questions
When did 340 Penns Way last sell?
340 Penns Way most recently sold on Jan 19, 2022 for $305,000.
What is the current tax assessment for 340 Penns Way?
The most recent total assessment for 340 Penns Way (year 2025) is $374,800 with $6,326 in property tax.
How does 340 Penns Way's assessment compare to its last sale price?
The current assessment is 22.9% above the last sale price of $305,000.
When was 340 Penns Way built?
340 Penns Way was built in 1987.
How does 340 Penns Way compare to others on Penns Way?
We track 8 other properties on Penns Way. Browse the list under "Other properties on Penns Way" to compare beds, baths, and sale history.
What are the property facts for 340 Penns Way?
340 Penns Way is a 2 bed, 2 bath, 1,180 sqft condos.
Is 340 Penns Way a flip candidate?
No — 340 Penns Way does not appear in our flips dataset.
Is 340 Penns Way a tax-appeal candidate?
Yes — 340 Penns Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.5%
Implied 1-yr
+14.0%
2026 Q3
$1.51M
2026 Q4
$1.55M
ZIP 07920 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Penns Way