NOT LISTED FOR SALE

122 Gallup Rd Princeton, NJ 08540

Estimated Value: $1,415,000 - $1,517,587

5 Beds
2.5 Baths
-- Sq Ft
2 Acres

Last Sold September 13, 2018

Last sale price $1,170,000

Est. 26% increase in value since last sale

Current estimated payment $10,174/month

83 Days on Market

Highlights

  • 2 Acre Lot
  • Colonial Architecture
  • No HOA
  • Johnson Park School Rated A+
  • 2 Fireplaces
  • Living Room

About This Home

As of September 2018

2 acres of broad lawns, majestic trees, lush pachysandra, and a bluestone patio provide an inviting backdrop for this handsome Princeton Colonial in the sought-after Gallup Road neighborhood. Timeless design blends with modern sensibility with features including a fireside living room with a carved mantel, a celebration-sized dining room, and a large, newly-screened porch with cathedral ceilings - a sunny extension of the family room, which is ready for an evening with a new novel, thanks to built-in bookcases and a corner fireplace. A crowd-friendly kitchen is well-equipped with fine stainless appliances, a matching butler's pantry, and a breakfast room gilded with sunshine. A finished basement is the perfect entertaining level, with gym/play areas, a wet bar, darkroom/studio, and a temperature-controlled, cedar wine cellar able to house an incredible 1500 bottles! There's room for all on second floor with 2 renovated, stone-trimmed baths, and 5 bedrooms, including hardwood floors and a generous master suite. A whole house generator. Top Princeton schools and only moments to Nassau Street!

Last Agent to Sell the Property

Kimberly Rizk

Callaway Henderson Sotheby's Int'l-Princeton License #0124663 Listed on: 03/14/2018

Callaway Henderson Sotheby's Int'l-Princeton

Co-Listed By

Ellie Deardorff

Callaway Henderson Sotheby's Int'l-Princeton License #1750793

Last Buyer's Agent

JILL E. Aguayo

Coldwell Banker Residential Brokerage - Princeton

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,305

Year Built

  • Built in 1968

Lot Details

  • 2 Acre Lot
  • Property is in good condition
  • Property is zoned R1

Home Design

  • Colonial Architecture
  • Wood Siding

Interior Spaces

  • Property has 2 Levels
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Built-In Oven
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 5 Car Garage
  • 3 Open Parking Spaces
  • Garage Door Opener

Eco-Friendly Details

  • Energy-Efficient Windows

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00008
  • Assessor Parcel Number 14-09501-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,305

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1968
  • Remarks Public: 2 acres of broad lawns, majestic trees, lush pachysandra, and a bluestone patio provide an inviting backdrop for this handsome Princeton Colonial in the sought-after Gallup Road neighborhood. Timeless design blends with modern sensibility with features including a fireside living room with a carved mantel, a celebration-sized dining room, and a large, newly-screened porch with cathedral ceilings - a sunny extension of the family room, which is ready for an evening with a new novel, thanks to built-in bookcases and a corner fireplace. A crowd-friendly kitchen is well-equipped with fine stainless appliances, a matching butler's pantry, and a breakfast room gilded with sunshine. A finished basement is the perfect entertaining level, with gym/play areas, a wet bar, darkroom/studio, and a temperature-controlled, cedar wine cellar able to house an incredible 1500 bottles! There's room for all on second floor with 2 renovated, stone-trimmed baths, and 5 bedrooms, including hardwood floors and a generous master suite. A whole house generator. Top Princeton schools and only moments to Nassau Street!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven - Wall, Dishwasher, Disposal
  • Interior Amenities: Kitchen - Island, Dining Area
  • Window Features: Energy Efficient
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Main Floor
  • Street Number Modifier: 122

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Wood Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Garage Features: Garage Door Opener
  • Total Garage And Parking Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: 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: 351300.00
  • Land Assessed Value: 575000.00
  • Lot Size Acres: 2.00
  • Lot Dimensions: 2 ACRES
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Property Condition: Good
  • Zoning: R1

Green Features

  • Green Remarks: New double-glazed true divided light Marvin Windows

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2145967
  • Tax Annual Amount: 21305.00
  • Assessor Parcel Number: 14-09501-00008
  • Tax Lot: 00008
  • Tax Year: 2017
  • Close Date: 09/13/2018

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2018
Closed on
Sep 13, 2018
Sold by
Ertel David F and Ertel Frances E
Bought by
Olmstead Mara
Seller's Agent
Kimberly Rizk
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
JILL E. Aguayo
Coldwell Banker Residential Brokerage - Princeton
List Price
$1,350,000
Sold Price
$1,170,000
Premium/Discount to List
-$180,000
-13.33%
Total Days on Market
83
Current Estimated Value
$1,469,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,529
Avg. Annual Appreciation
3.43%
Original Mortgage
$702,000
Outstanding Balance
$623,280
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$846,249

Purchase Details

Closed on
Mar 26, 2001

Purchase Details

Closed on
Jan 22, 2001
Sold by
Ochsner Michele
Bought by
Ertel David
Source: Public Records

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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
Olmstead Mara $1,170,000 Nrt Title Agency Llc
-- -- --
Ertel David $123,023 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olmstead Mara $350,000
Open Olmstead Mara $702,000
Previous Owner Ertel David $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2018 09/13/18 Sold $1,170,000 -13.3% --
06/05/2018 06/05/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $1,350,000 -- --
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
2024 $23,488 $934,300 $575,000 $359,300
2023 $23,488 $934,300 $575,000 $359,300
2022 $22,592 $926,300 $575,000 $351,300
2021 $22,592 $926,300 $575,000 $351,300
2020 $22,416 $926,300 $575,000 $351,300
2019 $21,972 $926,300 $575,000 $351,300
2018 $21,601 $926,300 $575,000 $351,300
2017 $21,305 $926,300 $575,000 $351,300
2016 $20,971 $926,300 $575,000 $351,300
2015 $20,490 $926,300 $575,000 $351,300
2014 $20,240 $926,300 $575,000 $351,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000276250

Bright MLS

APN: 14-09501-0000-00008