NOT LISTED FOR SALE

1016 Mercer Rd Princeton, NJ 08540

Estimated Value: $1,344,915 - $1,914,000

6 Beds
4 Baths
4,100 Sq Ft
$399/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $902,000 $220 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $10,303/month

Highlights

  • 1.5 Acre Lot
  • Colonial Architecture
  • Attic
  • Johnson Park School Rated A+
  • Wood Flooring
  • Ceiling height of 9 feet or more

About This Home

As of May 2012

Elegant, yet casual colonial style home, with floor plan ideal for entertaining, is sited on a beautiful, park-like, 1.5 acre lot, with meandering brook (property backs to preserved land). Enjoy the beautiful spacious backyard & get ready to barbecue & entertain on the paver stone patio this Spring & Summer. The gracious foyer introduces the dining rm, kitchen, living rm, & gathering rm, all overlooking nature's finest. Delight in the chef's kitchen appointed with Viking Professional Stainless Steel appliances, rich granite countertops, & beautiful cabinetry. Enjoy the highly desirable flow between the chef's kitchen, eat-in area, dining rm, gathering rm & living rm. Au-pair/in-law bedroom with full bath, 2nd bedroom, study/den, & full hall bathroom, complete the 1st floor. The 2nd floor possesses a master bedroom, 3 additional bedrooms, a full hall bath, & laundry area. Beautiful wood mouldings. Completely redone in 2009. Minutes to downtown Princeton, Wegmans/Whole Foods, Shopping, Rte 1, & Train Station.

Last Agent to Sell the Property

Charles Horn

(609) 933-9300 CharlesGHorn@gmail.com Keller Williams Cornerstone Realty Listed on: 01/15/2012

Keller Williams Cornerstone Realty

Last Buyer's Agent

Sylmarie Trowbridge

(917) 386-5880 syltrowbridge@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #895937

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,384

Year Built

  • Built in 1956 | Remodeled in 2009

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 999x999x999x999
  • West Facing Home
  • Level Lot
  • Open Lot
  • Back, Front, and Side Yard
  • Property is in good condition
  • Property is zoned R1

Parking

  • 2 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 4,100 Sq Ft Home
  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Skylights
  • Stone Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Security System
  • Laundry on upper level
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Double Oven
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • In-Law or Guest Suite
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Johnson Park Elementary School
  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 14-10102-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,384

Year Built

Built in 1956 | Remodeled in 2009

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Washer/Dryer
  • Inclusions: Viking Professional Kitchen Appliances; Play-Set; Invisible Pet Fence.
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1956
  • Year Renovated: 2009
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Built-In Range, Oven - Wall, Oven - Double, Oven - Self Cleaning, Dishwasher, Refrigerator
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Master Bath(s), Kitchen - Island, Skylight(s), Kitchen - Eat-In
  • Fireplace Features: Stone, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, High
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, In-Law/AuPair/Suite, Attic
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4100
  • Living Area Sq Ft: 4100
  • Net Sq Ft: 4100.00
  • Price Per Sq Ft: 243.17
  • Above Grade Finished Sq Ft: 4100
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Stucco
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Inside Access, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air, Zoned, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: JOHNSON PARK
  • Middle School: J WITHERSPOON
  • High School: PRINCETON
  • School District Key: 300200396175
  • Elementary School: JOHNSON PARK
  • High School: PRINCETON
  • Middle Or Junior School: J WITHERSPOON

Lot Info

  • Improvement Assessed Value: 333800.00
  • Land Assessed Value: 500000.00
  • Lot Features: Level, Open, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 1.50
  • Lot Dimensions: 999X999X999X999
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 65340.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2146455
  • Tax Annual Amount: 16384.00
  • Assessor Parcel Number: 14-10102-00007
  • Tax Lot: 00007
  • Tax Year: 2011
  • Close Date: 05/31/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2012
Closed on
May 16, 2012
Sold by
Hefler Jonathan and Hefler Maren L
Bought by
Patel Chirag and Patel Bijal
Seller's Agent
Charles Horn
Keller Williams Cornerstone Realty
Buyer's Agent
Sylmarie Trowbridge
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,036,000
Sold Price
$902,000
Premium/Discount to List
-$134,000
-12.93%
Current Estimated Value
$1,634,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$732,729
Avg. Annual Appreciation
4.55%
Original Mortgage
$599,700
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 15, 2010
Sold by
Chang Ker Ming and Chang Tzeng Yee
Bought by
Hefler Jonathan and Hefler Maren L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2007
Sold by
Cha Steve
Bought by
Chang Ker Ming and Chang Tzeng Yee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.23%

Purchase Details

Closed on
Oct 17, 2005
Sold by
Colfinopoulos Theodore
Bought by
Cha Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.79%

Purchase Details

Closed on
Jun 17, 1997
Sold by
Mathie Marion
Bought by
Golfinopoulos Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7.86%

Purchase Details

Closed on
Mar 15, 1996
Sold by
Criso Robert
Bought by
Price Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.9%
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
Patel Chirag $902,000 Stewart Title Guaranty Co
Hefler Jonathan $837,500 None Available
Chang Ker Ming $620,000 --
Cha Steve $630,000 --
Golfinopoulos Theodore $257,500 --
Price Marion $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Chirag $599,700
Previous Owner Hefler Jonathan $670,000
Previous Owner Chang Ker Ming $450,000
Previous Owner Cha Steve $500,000
Previous Owner Golfinopoulos Theodore $206,000
Previous Owner Price Marion $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2012 05/31/12 Sold $902,000 -9.5% $220 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
02/15/2012 02/15/12 Price Changed $997,000 -3.8% $243 / Sq Ft
01/15/2012 01/15/12 For Sale $1,036,000 -- $253 / 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
2025 $19,632 $737,200 $360,000 $377,200
2024 $18,870 $737,200 $360,000 $377,200
2023 $18,870 $750,600 $412,500 $338,100
2022 $18,255 $750,600 $412,500 $338,100
2021 $18,307 $750,600 $412,500 $338,100
2020 $18,165 $750,600 $412,500 $338,100
2019 $17,804 $750,600 $412,500 $338,100
2018 $17,504 $750,600 $412,500 $338,100
2017 $17,264 $750,600 $412,500 $338,100
2016 $16,994 $750,600 $412,500 $338,100
2015 $16,603 $750,600 $412,500 $338,100
2014 $16,401 $750,600 $412,500 $338,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003814050

Bright MLS

APN: 14-10102-0000-00007