NOT LISTED FOR SALE

1009 Cherry Valley Rd Hopewell, NJ 08525

Estimated Value: $404,000 - $736,000

-- Bed
-- Bath
2,405 Sq Ft
$252/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $240,000 $100 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $3,844/month

21 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Hot Water Baseboard Heater
  • Hopewell Valley Central High School Rated A

About This Home

As of June 2021

Located in beautiful "down town" Mount Rose, this legal 2 family home dates back over 100 years . There are no historic requirements upon it though so buyer can totally rehab or tear down as they wish. Sellers have updated with newer electrical panels, heating system, water heater, gas service and public water. Extensive including structural work is still needed and buyers assume responsibility for all municipal and other required inspections and certifications. Just minutes from Princeton and Hopewell Boro in the Hopewell Valley's award winning school district this home this property could be a great starter home, down sizer or just investment property.

Last Agent to Sell the Property

Ken Verbeyst

BHHS Fox & Roach - Princeton License #9912243 Listed on: 04/29/2021

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Mark Brower

RE/MAX Tri County License #9702442

RE/MAX Tri County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,546

Year Built

  • Built in 1890

Lot Details

  • 0.44 Acre Lot

Parking

  • Driveway

Home Design

  • 2,405 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Sump Pump

Schools

  • Hopewell Elementary School
  • Timberlane Middle School
  • Central High School

Utilities

  • Hot Water Baseboard Heater
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Mount Rose Subdivision

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 06-00016-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,546

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: appliances as exist in as is condition
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Front Entrance, Interior Access, Outside Entrance, Partial, Sump Pump, Unfinished
  • Total Sq Ft: 2405
  • Living Area Sq Ft: 2405
  • Price Per Sq Ft: 103.95
  • Above Grade Finished Sq Ft: 2405
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1009

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Elementary School: HOPEWELL E.S.
  • Middle School: TIMBERLANE
  • High School: CENTRAL H.S.
  • 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: HOPEWELL E.S.
  • High School: CENTRAL H.S.
  • Middle Or Junior School: TIMBERLANE

Lot Info

  • Lot Size Acres: 0.44
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19166.00
  • Year Assessed: 2020
  • Zoning: R75

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11546.00
  • Assessor Parcel Number: 06-00016-00012
  • Tax Lot: 00012
  • Tax Total Finished Sq Ft: 2405
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/25/2021

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 10, 2021
Sold by
Johnson Robert and Johnson Lori
Bought by
Ademi Mervete
Seller's Agent
Ken Verbeyst
BHHS Fox & Roach - Princeton
Buyer's Agent
Mark Brower
RE/MAX Tri County
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$553,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,196
Avg. Annual Appreciation
23.93%

Purchase Details

Closed on
Jan 30, 1997
Sold by
Degrange Brenda
Bought by
Johnson Robert and Johnson Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.57%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ademi Mervete $240,000 Riverview Title Agency Llc
Johnson Robert $161,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Robert $90,000
Previous Owner Johnson Robert $205,000
Previous Owner Johnson Robert A $80,000
Previous Owner Johnson Robert $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $240,000 -4.0% $100 / Sq Ft
04/29/2021 04/29/21 For Sale $250,000 -- $104 / Sq Ft
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
2024 $9,779 $320,000 $179,400 $140,600
2023 $9,779 $320,000 $179,400 $140,600
2022 $11,936 $398,800 $179,400 $219,400
2021 $11,848 $387,300 $167,900 $219,400
2020 $11,561 $387,300 $167,900 $219,400
2019 $11,278 $387,300 $167,900 $219,400
2018 $11,069 $387,300 $167,900 $219,400
2017 $10,767 $387,300 $167,900 $219,400
2016 $10,178 $387,300 $167,900 $219,400
2015 $10,283 $387,300 $167,900 $219,400
2014 $10,070 $387,300 $167,900 $219,400
Source: Public Records

Agents Affiliated with this Home

  • Ken Verbeyst

    Seller's Agent in 2021

    Ken Verbeyst

    BHHS Fox & Roach

    (609) 203-0495

    34 Total Sales

    Section Image
  • Mark Brower

    Buyer's Agent in 2021

    Mark Brower

    RE/MAX

    (609) 977-7746

    76 Total Sales

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Map

Source: Bright MLS

MLS Number: NJME311646

Bright MLS

APN: 06-00016-0000-00012

New Jersey Mercer County Hopewell 08525

1009 Cherry Valley Rd, Hopewell, NJ

This home is located at 1009 Cherry Valley Rd, Hopewell, NJ 08525 since 29 April 2021 and is currently estimated at $605,125, approximately $251 per square foot. This property was built in 1890. 1009 Cherry Valley Rd is a home located in Mercer County with nearby schools including Hopewell Valley Central High School, Princeton Montessori School, and Stuart Country Day School of the Sacred Heart.

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