Seller's Agent in 2022
Kimberly Rizk
Callaway Henderson Sotheby's Int'l-Princeton
(609) 203-4807
23 in this area
81 Total Sales
144 Drakes Corner Rd Princeton, NJ 08540
Princeton West Neighborhood
4
Beds
3
Baths
--
Sq Ft
2.84
Acres
Highlights
- 2.84 Acre Lot
- Deck
- Wooded Lot
- Johnson Park School Rated A+
- Contemporary Architecture
- Attic
About This Home
As of March 2022Restore or add to this gem of a house on the Princeton Ridge. This 1959 mid-century modern has the bones of a Frank Lloyd Wright "Usonian House." In fact, the owners' lore tells us that the house design was by an apprentice of Frank Lloyd Wright, first built on the Connecticut shore and then duplicated on this property on the Princeton Ridge by the same party. Research indicates that the designer may have been Allan J. Gelbin of Connecticut, an apprentice of Wright's at Taliesin East from 1949-1953. The Princeton on-site architect was Elizabeth Reilly Moynahan, an esteemed graduate of the Harvard GSD. The 1971 addition to the north was designed by J. Robert Hillier. The lot is rare and breathtaking. Nearly three acres of majestic ancient eastern woodlands unfolds due south from the house's generous outdoor decks and with an elevation drop of about forty feet. The house is one story, and anchored in the hillside of boulders with the principal rooms facing south, creating the impression of a house cantilevering over the property. The house circulates perfectly, with generous architectural flow from living to dining, to three bedrooms, to a galley kitchen and then back again, with constant views to the dense woods beyond. The house features polished blue slate stone floors on a radiant-heated slab, ingenious angled patio doors full of light, deep eaves, and a double-sided fireplace. Imagine restoring this gem of a house for entertainment, while connecting to your adjacent new construction dream house. Imagine the skylit galley kitchen with state-of-the-art appliances. The front bedroom would make an excellent guest suite, home office, art studio, or library, as it is separated from the other living spaces.
Last Agent to Sell the Property
Richard Chenoweth
Callaway Henderson Sotheby's Int'l-Pennington Listed on: 03/16/2016
Last Buyer's Agent
Richard Chenoweth
Callaway Henderson Sotheby's Int'l-Pennington Listed on: 03/16/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,584
Year Built
- Built in 1959
Lot Details
- 2.84 Acre Lot
- Lot Dimensions are 530'x230'
- Irregular Lot
- Sloped Lot
- Wooded Lot
- Back, Front, and Side Yard
- Property is in below average condition
- Property is zoned RA
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Wood Siding
Interior Spaces
- Property has 1 Level
- Beamed Ceilings
- Brick Fireplace
- Living Room
- Dining Room
- Stone Flooring
- Laundry on main level
- Attic
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- 3 Full Bathrooms
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Driveway
Outdoor Features
- Deck
Schools
- Johnson Park Elementary School
- J Witherspoon Middle School
- Princeton High School
Utilities
- Heating System Uses Oil
- Radiant Heating System
- Oil Water Heater
- On Site Septic
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00002
- Assessor Parcel Number 14-01901-00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2022
Closed on
Mar 23, 2022
Sold by
2009 Trust and Nierenberg Steven J
Bought by
Mueller Michael E and White Claire E
Seller's Agent
Kimberly Rizk
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,895,000
Sold Price
$1,925,000
Premium/Discount to List
$30,000
1.58%
Total Days on Market
922
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
$581,225
Avg. Annual Appreciation
2.12%
Original Mortgage
$1,600,000
Outstanding Balance
$1,545,333
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$513,479
Purchase Details
Listed on
Mar 16, 2016
Closed on
Dec 8, 2017
Sold by
Metha Shiela and Conrath Jacqueline
Bought by
Nierenberg Steven J and The 2009 Trust
Seller's Agent
Richard Chenoweth
Callaway Henderson Sotheby's Int'l-Pennington
Buyer's Agent
Richard Chenoweth
Callaway Henderson Sotheby's Int'l-Pennington
List Price
$690,000
Sold Price
$580,000
Premium/Discount to List
-$110,000
-15.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.35%
Create a Home Valuation Report for This Property
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,925,000 | Chicago Title | |
| Deed | $580,000 | Westcor Land Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,600,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2022 03/25/22 | Sold | $1,925,000 | +1.6% | -- |
| 01/20/2022 01/20/22 | Pending | -- | -- | -- |
| 01/07/2022 01/07/22 | For Sale | $1,895,000 | +226.7% | -- |
| 12/12/2017 12/12/17 | Sold | $580,000 | -15.9% | -- |
| 11/22/2017 11/22/17 | Pending | -- | -- | -- |
| 09/16/2017 09/16/17 | For Sale | $690,000 | +19.0% | -- |
| 09/16/2017 09/16/17 | Off Market | $580,000 | -- | -- |
| 09/16/2017 09/16/17 | Price Changed | $690,000 | -6.6% | -- |
| 05/04/2017 05/04/17 | Price Changed | $739,000 | -7.5% | -- |
| 11/11/2016 11/11/16 | Price Changed | $799,000 | -5.9% | -- |
| 09/22/2016 09/22/16 | For Sale | $849,000 | +46.4% | -- |
| 09/17/2016 09/17/16 | Off Market | $580,000 | -- | -- |
| 05/15/2015 05/15/15 | For Sale | $849,000 | -- | -- |
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 | $37,602 | $1,495,700 | $702,500 | $793,200 |
| 2023 | $37,602 | $1,495,700 | $702,500 | $793,200 |
| 2022 | $29,245 | $1,202,500 | $702,500 | $500,000 |
| 2021 | $29,329 | $1,202,500 | $702,500 | $500,000 |
| 2020 | $18,791 | $776,500 | $702,500 | $74,000 |
| 2019 | $18,419 | $776,500 | $702,500 | $74,000 |
| 2018 | $18,108 | $776,500 | $702,500 | $74,000 |
| 2017 | $19,895 | $865,000 | $702,500 | $162,500 |
| 2016 | $19,584 | $865,000 | $702,500 | $162,500 |
| 2015 | $19,134 | $865,000 | $702,500 | $162,500 |
| 2014 | $18,900 | $865,000 | $702,500 | $162,500 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Rizk
-
Ellie Deardorff
E
Seller Co-Listing Agent in 2022
Ellie Deardorff
Callaway Henderson Sotheby's Int'l-Princeton
(609) 658-4999
16 in this area
71 Total Sales
-
Maura Mills
Buyer's Agent in 2022
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
(609) 947-5757
15 in this area
131 Total Sales
-
R
Seller's Agent in 2017
Richard Chenoweth
Callaway Henderson Sotheby's Int'l-Pennington
-
David Schure
Seller Co-Listing Agent in 2017
David Schure
Callaway Henderson Sotheby's Int'l-Princeton
(609) 577-7029
3 in this area
45 Total Sales
Map
Source: Bright MLS
MLS Number: 1000260839
APN: 14-01901-0000-00002
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