NOT LISTED FOR SALE

1 Timkak Ln Pennington, NJ 08534

Estimated Value: $870,000 - $1,161,000

4 Beds
2.5 Baths
-- Sq Ft
2.5 Acres

Last Sold May 19, 2021

Last sale price $765,000

Est. 37% increase in value since last sale

Current estimated payment $7,169/month

Highlights

  • Private Pool
  • 2.5 Acre Lot
  • Vaulted Ceiling
  • Hopewell Valley Central High School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of May 2021

Setting the benchmark for gracious, resort-style living, this gorgeous, comfy, up-to-date home is built for enjoyment. A perfect balance between formal and casual, there’s a quietly sophisticated ambiance in every main floor room. Long windows filter light through the living and dining rooms. An upgraded kitchen, built for cooking and entertaining, accentuates both style and practicality with a substantial granite work island and quality appliances. Timber floors and a brick fireplace create warmth and beauty in the family room, with direct access to the pool. Outdoor spaces are abundant and reflect a laid back, vacation atmosphere including a Trex deck and paver patio. Four stylish bedrooms at the top of the stairs are equally relaxing. The master is especially so with windowed walk-ins and a private bathroom with a glass shower and whirlpool bathtub. The added peace of mind provided by a whole house generator, and several window upgrades only further conveys the quality presented in this fantastic offering near Pennington Borough, the high school and middle school, and the library.

Last Agent to Sell the Property

Cheryl Goldman

(609) 439-9072 cgoldman@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9233624 Listed on: 03/18/2021

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Maureen Troiano

(609) 240-7554 maureen.troiano@cbmoves.com Coldwell Banker Residential Brokerage - Princeton License #562485

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,102

Year Built

  • Built in 1985

Lot Details

  • 2.5 Acre Lot
  • Property is in excellent condition
  • Property is zoned VRC

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Property has 2 Levels
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room
  • Unfinished Basement

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Private Pool

Schools

  • Bear Tavern Elementary School
  • Timberlane Middle School
  • Hvchs High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Ridings Subdivision

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 06-00089 02-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,102

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-03-19
  • Federal Flood Zone: No
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Setting the benchmark for gracious, resort-style living, this gorgeous, comfy, up-to-date home is built for enjoyment. A perfect balance between formal and casual, there’s a quietly sophisticated ambiance in every main floor room. Long windows filter light through the living and dining rooms. An upgraded kitchen, built for cooking and entertaining, accentuates both style and practicality with a substantial granite work island and quality appliances. Timber floors and a brick fireplace create warmth and beauty in the family room, with direct access to the pool. Outdoor spaces are abundant and reflect a laid back, vacation atmosphere including a Trex deck and paver patio. Four stylish bedrooms at the top of the stairs are equally relaxing. The master is especially so with windowed walk-ins and a private bathroom with a glass shower and whirlpool bathtub. The added peace of mind provided by a whole house generator, and several window upgrades only further conveys the quality presented in this fantastic offering near Pennington Borough, the high school and middle school, and the library.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Tile/Brick
  • Wall Ceiling Types: Dry Wall, Vaulted Ceilings
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Laundry, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Septic Exists
  • Water Source: Private

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Elementary School: BEAR TAVERN
  • Middle School: TIMBERLANE
  • High School: HVCHS
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397266
  • School District Source: Listing Agent
  • Elementary School: BEAR TAVERN
  • High School: HVCHS
  • Middle Or Junior School: TIMBERLANE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 300800.00
  • Land Assessed Value: 340000.00
  • Lot Size Acres: 2.50
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 108900.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: VRC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2124879
  • Tax Annual Amount: 19102.00
  • Assessor Parcel Number: 06-00089 02-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/19/2021

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
May 7, 2021
Sold by
Venizelos William and Venizelos Cynthia
Bought by
Itkoff Lance C and Itkoff Bernadette B
Seller's Agent
Cheryl Goldman
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Maureen Troiano
Coldwell Banker Residential Brokerage - Princeton
List Price
$729,000
Sold Price
$765,000
Premium/Discount to List
$36,000
4.94%
Current Estimated Value
$1,045,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,470
Avg. Annual Appreciation
7.29%
Original Mortgage
$459,000
Outstanding Balance
$342,891
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$702,579

Purchase Details

Listed on
Mar 3, 2014
Closed on
Sep 2, 2014
Sold by
Pagano Vito J and Pagano Kathleen A
Bought by
Venizelos William and Venizelos Cynthia
Seller's Agent
Pamela Gillmett
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Cheryl Goldman
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$749,000
Sold Price
$729,000
Premium/Discount to List
-$20,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.72%

Purchase Details

Closed on
Jul 18, 2002
Sold by
Morrison Sylvia
Bought by
Pagano Vito and Pagano Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,000
Interest Rate
6.73%

Purchase Details

Closed on
Jun 23, 1994
Sold by
Seitz James D
Bought by
Morrison Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.55%

Purchase Details

Closed on
Dec 6, 1988
Sold by
Rock Hill Builders Inc
Bought by
Seitz James D and Seitz Colleen C
Source: Public Records

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 Buyer Sale Price Title Company
Itkoff Lance C $765,000 Chicago Title
Venizelos William $729,000 Empire Title & Abstract Agen
Pagano Vito $549,000 --
Morrison Sylvia $380,000 --
Seitz James D $374,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Itkoff Lance C $459,000
Previous Owner Pagano Vito $374,000
Previous Owner Morrison Sylvia $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2021 05/19/21 Sold $765,000 +4.9% --
03/24/2021 03/24/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $729,000 0.0% --
09/02/2014 09/02/14 Sold $729,000 -1.4% -- View Prior Sale
08/02/2014 08/02/14 Pending -- -- --
06/24/2014 06/24/14 Price Changed $739,000 -1.3% --
04/29/2014 04/29/14 For Sale $749,000 0.0% --
03/31/2014 03/31/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $749,000 -- --
Source: Bright 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 $20,230 $640,800 $340,000 $300,800
2024 $19,583 $640,800 $340,000 $300,800
2023 $19,583 $640,800 $340,000 $300,800
2022 $19,179 $640,800 $340,000 $300,800
2021 $19,602 $640,800 $340,000 $300,800
2020 $19,128 $640,800 $340,000 $300,800
2019 $18,660 $640,800 $340,000 $300,800
2018 $18,314 $640,800 $340,000 $300,800
2017 $17,814 $640,800 $340,000 $300,800
2016 $16,840 $640,800 $340,000 $300,800
2015 $17,013 $640,800 $340,000 $300,800
2014 $16,661 $640,800 $340,000 $300,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME309068

Bright MLS

APN: 06-00089-02-00012