NOT LISTED FOR SALE

186 Library Place Princeton, NJ 08540

Estimated Value: $3,045,000 - $3,647,000

4 Beds
4.5 Baths
-- Sq Ft
0.41 Acres

Last Sold November 15, 2017

Last sale price $2,500,000

Est. 31% increase in value since last sale

Current estimated payment $22,988/month

113 Days on Market

Highlights

  • Indoor Pool
  • Cathedral Ceiling
  • No HOA
  • Community Park Elementary School Rated A+
  • Wood Flooring
  • Beamed Ceilings

About This Home

As of November 2017

Take the celebrated Arts and Crafts style, add a fresh modernity and incredible amenities, and you have this stunning custom home on Library Place, just blocks from vibrant downtown. From the slate entry to the family room's stacked stone fireplace, natural materials weave an elegant thread through beautiful spaces, as sliding barn doors, expanses of glass, and ample built-ins add soul and practicality. Under soaring, steel-girded ceilings, an open family room and a spectacular kitchen celebrate the art of entertaining on a grand scale - with honed stone counters and farmer's sink, commercial Wolf range, Sub Zero fridge, and open stairs to a fireside family room. Blue glass tile lines a full bath, handy to an indoor saltwater pool, glimmering under a glass ceiling. The master suite is the ultimate retreat, with a gas fireplace edged by a hewn hearth, a sumptuous slate and marble bath, and back stairs to the pool for a morning dip. Two vaulted bedrooms share a full bath and airy loft; a 4th bedroom and bath on the 3rd floor perfectly suit guests.

Last Listed By

Pete Callaway

Callaway Henderson Sotheby's Int'l-Princeton License #7811591 Listed on: 04/13/2017

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,497

Year Built

  • Built in 2008

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 112x158
  • Property is in good condition
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • 3 Open Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • Property has 3 Levels
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Stone Fireplace
  • Family Room
  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Butlers Pantry
  • Self-Cleaning Oven
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Indoor Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Western Subdivision

Listing and Financial Details

  • Tax Lot 00025
  • Assessor Parcel Number 14-00005 01-00025

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,497

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2008
  • Remarks Public: Take the celebrated Arts and Crafts style, add a fresh modernity and incredible amenities, and you have this stunning custom home on Library Place, just blocks from vibrant downtown. From the slate entry to the family room's stacked stone fireplace, natural materials weave an elegant thread through beautiful spaces, as sliding barn doors, expanses of glass, and ample built-ins add soul and practicality. Under soaring, steel-girded ceilings, an open family room and a spectacular kitchen celebrate the art of entertaining on a grand scale - with honed stone counters and farmer's sink, commercial Wolf range, Sub Zero fridge, and open stairs to a fireside family room. Blue glass tile lines a full bath, handy to an indoor saltwater pool, glimmering under a glass ceiling. The master suite is the ultimate retreat, with a gas fireplace edged by a hewn hearth, a sumptuous slate and marble bath, and back stairs to the pool for a morning dip. Two vaulted bedrooms share a full bath and airy loft; a 4th bedroom and bath on the 3rd floor perfectly suit guests.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Built-In Range, Oven - Self Cleaning, Dishwasher, Refrigerator, Built-In Microwave
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Skylight(s), Exposed Beams, Stall Shower
  • Fireplace Features: Stone
  • Fireplace: No
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Street Number Modifier: 186

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Construction Materials: Wood Siding
  • Access To Pool: Yes
  • Pool Features: Indoor
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • School District Key: 300200396175

Lot Info

  • Improvement Assessed Value: 1516600.00
  • Land Assessed Value: 758000.00
  • Lot Size Acres: 0.41
  • Lot Dimensions: 112X158
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17694.00
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2138439
  • Tax Annual Amount: 51497.00
  • Assessor Parcel Number: 14-00005 01-00025
  • Tax Lot: 00025
  • Tax Year: 2016
  • Close Date: 11/15/2017

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2017
Closed on
Nov 10, 2017
Sold by
Price Price P and Price Amy J
Bought by
Silverstein David L and Silverstein Andrea N
Seller's Agent
Pete Callaway
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Laura Huntsman
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$2,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$250,000
-9.09%
Total Days on Market
113
Current Estimated Value
$3,264,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$764,132
Avg. Annual Appreciation
4.40%
Original Mortgage
$40,000
Outstanding Balance
$7,723
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,451,275

Purchase Details

Closed on
Dec 30, 2005
Sold by
Wallace John
Bought by
Price P Schaefer and Price Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
6.33%

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
Silverstein David L $2,500,000 Abstract Ageency Llc
Price P Schaefer $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silverstein David L $40,000
Previous Owner Price P Schaefer $2,000,000
Previous Owner Price P Schaefer $1,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $2,500,000 -9.1% --
08/04/2017 08/04/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $2,750,000 -- --
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 $56,613 $2,251,900 $758,000 $1,493,900
2023 $56,613 $2,251,900 $758,000 $1,493,900
2022 $54,766 $2,251,900 $758,000 $1,493,900
2021 $54,924 $2,251,900 $758,000 $1,493,900
2020 $54,496 $2,251,900 $758,000 $1,493,900
2019 $53,415 $2,251,900 $758,000 $1,493,900
2018 $52,514 $2,251,900 $758,000 $1,493,900
2017 $52,316 $2,274,600 $758,000 $1,516,600
2016 $51,497 $2,274,600 $758,000 $1,516,600
2015 $50,314 $2,274,600 $758,000 $1,516,600
2014 $49,700 $2,274,600 $758,000 $1,516,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001765477

Bright MLS

APN: 14-00005-01-00025