101 Library Place Princeton, NJ 08540
Estimated Value: $2,873,000 - $3,117,000
6
Beds
7
Baths
--
Sq Ft
0.37
Acres
Highlights
- Dual Staircase
- Private Lot
- Marble Flooring
- Community Park Elementary School Rated A+
- Traditional Floor Plan
- Traditional Architecture
About This Home
As of May 2021Built in 1905, 101 Library Place was designed for David Magee, Professor of Classics at Princeton University. The Italianate exterior includes classical friezes and half columns. The interiors are colonial revival with the 4 principal rooms radiating from an octagonal foyer. The 8 rooms in the main block of the house each are anchored by a unique mantel. First floor includes oak paneled library, TV room, Living Room with French doors to the terrace, banquet size dining room with bay window with window seat and walk in safe originally for silver and linens. In the working section of the house can be found an intact Butler's Pantry with original cabinets, wine storage and a bar sink; food pantry; updated kitchen by Eastridge Design with hand painted back splash of Nantucket wild flowers by Debbie Seymour, Wolf Rangetop, Viking ovens and Sub-zero. First floor is completed with back stairs, second powder room and space currently used as home office which could be a convenient playroom or breakfast room. Mounting the Bridal staircase you arrive at a generous upstairs hallway providing informal sitting or study area. Accessible from the landing are 4 bedrooms each with en suite bath. Completing the second floor are two more bedrooms, hall bath and laundry. Walk up attic and second floor of detached 2 car garage provide additional space for creative expansion. Completing the property is a balustraded terrace and walled garden large enough to kick a soccer ball or host a garden party. Seeking a sensitive steward for the next 25 years. Owner is a licensed New Jersey Realtor.
Last Agent to Sell the Property
Callaway Henderson Sotheby's Int'l-Princeton License #0122999 Listed on: 03/19/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $49,750
Year Built
- Built in 1905
Lot Details
- 0.37 Acre Lot
- West Facing Home
- Masonry wall
- Stone Retaining Walls
- Back Yard Fenced
- Private Lot
- Secluded Lot
- Property is in excellent condition
- Property is zoned R1
Parking
- 2 Car Detached Garage
- 4 Driveway Spaces
- Parking Storage or Cabinetry
- Front Facing Garage
- Garage Door Opener
- Circular Driveway
Home Design
- Traditional Architecture
- Villa
- Hip Roof Shape
- Plaster Walls
- Slate Roof
- Copper Roof
- Rubber Roof
- Metal Roof
- Stucco
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Dual Staircase
- Ceiling height of 9 feet or more
- Recessed Lighting
- 8 Fireplaces
- Double Hung Windows
- Bay Window
- Wood Frame Window
- Casement Windows
- Window Screens
- Double Door Entry
- French Doors
- Family Room
- Living Room
- Dining Room
- Den
- Library
- Storm Windows
- Attic
Kitchen
- Eat-In Kitchen
- Butlers Pantry
- Built-In Self-Cleaning Double Oven
- Electric Oven or Range
- Range Hood
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Cedar Closet
Laundry
- Laundry on upper level
- Electric Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior and Exterior Basement Entry
- Drainage System
- Sump Pump
- Basement Windows
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Terrace
- Exterior Lighting
Schools
- Community Park Elementary School
- John Witherspoon Middle School
- Princeton High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Radiator
- Heating System Uses Steam
- Natural Gas Water Heater
- Municipal Trash
- Multiple Phone Lines
- Cable TV Available
Community Details
- No Home Owners Association
- Western Subdivision
Listing and Financial Details
- Tax Lot 00009
- Assessor Parcel Number 14-00012 01-00009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2021
Closed on
May 21, 2021
Sold by
Sayer John D and Sayer Ruth P
Bought by
Fusella Michael and Fusella Kristina
Seller's Agent
Susan Hughes
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
David Weingarten
BHHS Fox & Roach-Princeton Junction
List Price
$2,395,000
Sold Price
$2,450,000
Premium/Discount to List
$55,000
2.3%
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$534,502
Avg. Annual Appreciation
8.96%
Original Mortgage
$1,715,000
Outstanding Balance
$1,576,193
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,882,819
Purchase Details
Closed on
Jan 19, 1995
Sold by
Paul Margaret
Bought by
Sayer John and Sayer Ruth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
9.24%
Similar Homes in Princeton, NJ
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fusella Michael | $2,450,000 | Surety Title Company | |
| Sayer John | $1,105,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fusella Michael | $1,715,000 | |
| Previous Owner | Sayer John D | $350,000 | |
| Previous Owner | Sayer John | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2021 05/25/21 | Sold | $2,450,000 | +2.3% | -- |
| 03/25/2021 03/25/21 | Pending | -- | -- | -- |
| 03/19/2021 03/19/21 | For Sale | $2,395,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $49,853 | $1,983,000 | $794,000 | $1,189,000 |
| 2023 | $49,853 | $1,983,000 | $794,000 | $1,189,000 |
| 2022 | $49,997 | $2,055,800 | $794,000 | $1,261,800 |
| 2021 | $50,141 | $2,055,800 | $794,000 | $1,261,800 |
| 2020 | $49,750 | $2,055,800 | $794,000 | $1,261,800 |
| 2019 | $51,076 | $2,153,300 | $794,000 | $1,359,300 |
| 2018 | $50,215 | $2,153,300 | $794,000 | $1,359,300 |
| 2017 | $49,526 | $2,153,300 | $794,000 | $1,359,300 |
| 2016 | $48,751 | $2,153,300 | $794,000 | $1,359,300 |
| 2015 | $47,631 | $2,153,300 | $794,000 | $1,359,300 |
| 2014 | $47,050 | $2,153,300 | $794,000 | $1,359,300 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Hughes
Seller's Agent in 2021
Susan Hughes
Callaway Henderson Sotheby's Int'l-Princeton
(609) 213-5556
6 in this area
88 Total Sales
-
David Weingarten
Buyer's Agent in 2021
David Weingarten
BHHS Fox & Roach
(609) 903-3000
2 in this area
26 Total Sales
Map
Source: Bright MLS
MLS Number: NJME309084
APN: 14-00012-01-00009
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