Seller's Agent in 2021
Alison Covello
BHHS Fox & Roach
(609) 240-8332
20 in this area
55 Total Sales
16 Governors Ln Princeton, NJ 08540
Estimated Value: $1,440,000 - $1,644,000
4
Beds
3.5
Baths
3,825
Sq Ft
$415/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Colonial Architecture
- Backs to Trees or Woods
- Littlebrook Elementary School Rated A+
- Private Lot
- Wood Flooring
About This Home
As of August 2021Enjoy the classic appeal of beautiful proportions and symmetry in this rare SINGLE family home in Princeton's coveted Governors Lane enclave. The delightful open floor plan on the main level features hardwood floors in the living room, dining room, kitchen and family room. No one does open concept kitchen quite like Governors Lane and this home doesn't disappoint. High-end stainless steel appliances will delight the chef, as will the center island with cooktop and granite counters. The family room is brightened by a wall of windows and glass doors that open onto the slate patio, a private retreat that is a delight to every sense thanks to the beautiful landscaping and specimen plantings. A fireplace warms the family room during colder months, all while providing the perfect ambiance. The renovated third floor (2018) features a vaulted ceiling, hardwood floors and an elegant bath. This space provides wonderful flexibility as an office, a primary suite, guest accommodations, etc... Unlike most of the Governors Lane offerings, 16 Governors Lane has an attached garage for added convenience. Tastefully decorated, recently painted and quintessentially Princeton...this is 16 Governors Lane.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,922
Year Built
- Built in 1997
Lot Details
- 0.3 Acre Lot
- South Facing Home
- Landscaped
- Private Lot
- Premium Lot
- Corner Lot
- Level Lot
- Backs to Trees or Woods
- Property is in excellent condition
- Property is zoned OR2
HOA Fees
- $825 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Oversized Parking
- Side Facing Garage
- Garage Door Opener
Property Views
- Woods
- Garden
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Composition Roof
- Asphalt Roof
Interior Spaces
- 3,825 Sq Ft Home
- Property has 4 Levels
- 1 Fireplace
- Entrance Foyer
- Family Room
- Sitting Room
- Living Room
- Dining Room
- Library
- Bonus Room
- Game Room
- Partially Finished Basement
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
Schools
- John Witherspoon Middle School
- Princeton High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Underground Utilities
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 00014 16
- Assessor Parcel Number 14-05601-00014 16
Community Details
Overview
- $6,000 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, lawn maintenance, reserve funds, snow removal, trash
- Governors Lane Subdivision
- Property Manager
Amenities
- Common Area
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2021
Closed on
Aug 31, 2021
Sold by
Grier Samuel P and Grier Harriet
Bought by
Yuan Fengpeng and Zhou Yijing
Seller's Agent
Alison Covello
BHHS Fox & Roach - Princeton
Buyer's Agent
Yi Shen
Queenston Realty, LLC
List Price
$1,062,000
Sold Price
$1,156,000
Premium/Discount to List
$94,000
8.85%
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
$430,348
Avg. Annual Appreciation
7.15%
Original Mortgage
$648,000
Outstanding Balance
$595,226
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$929,556
Purchase Details
Closed on
Oct 30, 1997
Sold by
Governors Lane Llc
Bought by
Grier Samuel and Grier Harriet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.28%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yuan Fengpeng | $1,156,000 | Title Authority Llc | |
| Grier Samuel | $528,143 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yuan Fengpeng | $648,000 | |
| Previous Owner | Grier Samuel P | $345,000 | |
| Previous Owner | Grier Samuel P | $398,000 | |
| Previous Owner | Grier Samuel P | $400,000 | |
| Previous Owner | Grier Samuel | $340,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $1,156,000 | +8.9% | $302 / Sq Ft |
| 06/24/2021 06/24/21 | Pending | -- | -- | -- |
| 06/15/2021 06/15/21 | For Sale | $1,062,000 | -- | $278 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $24,787 | $930,800 | $315,000 | $615,800 |
| 2024 | $23,400 | $930,800 | $315,000 | $615,800 |
| 2023 | $23,400 | $930,800 | $315,000 | $615,800 |
| 2022 | $22,637 | $930,800 | $315,000 | $615,800 |
| 2021 | $23,102 | $947,200 | $315,000 | $632,200 |
| 2020 | $22,922 | $947,200 | $315,000 | $632,200 |
| 2019 | $21,649 | $912,700 | $315,000 | $597,700 |
| 2018 | $21,284 | $912,700 | $315,000 | $597,700 |
| 2017 | $20,992 | $912,700 | $315,000 | $597,700 |
| 2016 | $20,664 | $912,700 | $315,000 | $597,700 |
| 2015 | $20,189 | $912,700 | $315,000 | $597,700 |
| 2014 | $19,943 | $912,700 | $315,000 | $597,700 |
Source: Public Records
Agents Affiliated with this Home
-
Alison Covello
-
Yi Shen
Y
Buyer's Agent in 2021
Yi Shen
Queenston Realty, LLC
(201) 993-4917
8 in this area
38 Total Sales
Map
Source: Bright MLS
MLS Number: NJME313984
APN: 14-05601-0000-00014-16
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