NOT LISTED FOR SALE

197 Witherspoon St Princeton, NJ 08542

Estimated Value: $1,106,026 - $1,287,000

3 Beds
3 Baths
-- Sq Ft
8,050 Sq Ft Lot

Last Sold July 24, 2020

Last sale price $699,000

Est. 68% increase in value since last sale

Current estimated payment $7,411/month

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Baseboard Heater
  • Community Park Elementary School Rated A+

About This Home

As of July 2020

Great location close to downtown. This detached property consists of three separate one bedroom units, one on each level. Unit 1 has a newer kitchen and bath. Units 2 and 3 have both been freshly painted. There is a 3 car detached garage to the rear of property that could be rented out for for storage. Each unit has a one car parking space. The windows have been updated throughout the property.There is no laundry in the building. CLose to schools, Arts Council, library and Nassau St!

Last Agent to Sell the Property

Ingela Kostenbader

(609) 902-5302 ingela@princetonhome.com Queenston Realty, LLC License #344850 Listed on: 03/31/2020

Last Buyer's Agent

Susan DiMeglio

(609) 915-5645 sdimeglio@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9702048

Callaway Henderson Sotheby's Int'l-Princeton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,833

Year Built

  • Built in 1920

Lot Details

  • 8,050 Sq Ft Lot
  • Lot Dimensions are 50.00 x 161.00

Home Design

  • Triplex
  • Traditional Architecture
  • Frame Construction

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Lot

Schools

  • Community Park Elementary School
  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 14-00021 01-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,833

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Great location close to downtown. This detached property consists of three separate one bedroom units, one on each level. Unit 1 has a newer kitchen and bath. Units 2 and 3 have both been freshly painted. There is a 3 car detached garage to the rear of property that could be rented out for for storage. Each unit has a one car parking space. The windows have been updated throughout the property.There is no laundry in the building. CLose to schools, Arts Council, library and Nassau St!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 197

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 5

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: COMMUNITY PARK E.S.
  • Middle School: JOHN WITHERSPOON M.S.
  • High School: PRINCETON H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396175
  • School District Source: Listing Agent
  • Elementary School: COMMUNITY PARK E.S.
  • High School: PRINCETON H.S.
  • Middle Or Junior School: JOHN WITHERSPOON M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 225000.00
  • Land Assessed Value: 316000.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 50.00 x 161.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8050.00
  • Year Assessed: 2019
  • Zoning: RB

Rental Info

  • Total Actual Rent: 53460.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2139075
  • Tax Annual Amount: 12833.00
  • Assessor Parcel Number: 14-00021 01-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/24/2020

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2020
Closed on
Jul 24, 2020
Sold by
Vichnevetsky Robert
Bought by
Witherspoon Corner Llc
Seller's Agent
Ingela Kostenbader
Queenston Realty, LLC
Buyer's Agent
Susan DiMeglio
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$799,000
Sold Price
$699,000
Premium/Discount to List
-$100,000
-12.52%
Current Estimated Value
$1,175,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,007
Avg. Annual Appreciation
8.85%
Source: Public Records

Range of Values:

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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
Witherspoon Corner Llc $699,000 Surety Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $699,000 0.0% --
05/04/2020 05/04/20 Pending -- -- --
04/08/2020 04/08/20 Price Changed $699,000 -12.5% --
03/31/2020 03/31/20 For Sale $799,000 -- --
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
2025 $14,188 $532,800 $316,000 $216,800
2024 $13,395 $532,800 $316,000 $216,800
2023 $13,395 $532,800 $316,000 $216,800
2022 $13,157 $541,000 $316,000 $225,000
2021 $13,195 $541,000 $316,000 $225,000
2020 $13,092 $541,000 $316,000 $225,000
2019 $12,833 $541,000 $316,000 $225,000
2018 $12,616 $541,000 $316,000 $225,000
2017 $12,443 $541,000 $316,000 $225,000
2016 $12,248 $541,000 $316,000 $225,000
2015 $11,967 $541,000 $316,000 $225,000
2014 $11,821 $541,000 $316,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • Ingela Kostenbader

    Seller's Agent in 2020

    Ingela Kostenbader

    Queenston Realty, LLC

    (609) 902-5302

    215 in this area

    281 Total Sales

    Ingela Kostenbader
    Section Image
  • Susan DiMeglio

    Buyer's Agent in 2020

    Susan DiMeglio

    Callaway Henderson Sotheby's Int'l-Princeton

    (609) 915-5645

    45 in this area

    86 Total Sales

    Susan DiMeglio
    Section Image
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Map

Source: Bright MLS

MLS Number: NJME293848

Bright MLS

APN: 14-00021-01-00012

New Jersey Mercer County Princeton 08542

197 Witherspoon St, Princeton, NJ

This home is located at 197 Witherspoon St, Princeton, NJ 08542 since 31 March 2020 and is currently estimated at $1,175,007. This property was built in 1920. 197 Witherspoon St is a home located in Mercer County with nearby schools including Community Park Elementary School, Princeton Middle School, and Princeton High School.

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