NOT LISTED FOR SALE

22 Michael Way Pennington, NJ 08534

Estimated Value: $1,085,000 - $1,330,000

5 Beds
4.5 Baths
3,900 Sq Ft
$315/Sq Ft Est. Value

Last Sold March 06, 2015

Last sale price $655,000 $168 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $8,436/month

Highlights

  • Water Oriented
  • 2.72 Acre Lot
  • Contemporary Architecture
  • Hopewell Valley Central High School Rated A
  • Deck
  • Wooded Lot

About This Home

As of March 2015

Great new price for this custom designed home located in the Ridings amongs and set back from the cul de sac road. This impressive home is just waiting for its new owners. The professionally landscaped grounds create an elegant setting on 2.73 acres. Enter into an inviting foyer that immediately welcomes you with its spacious layout and natural light streaming throughout. An expansive kitchen and family room border one another looking onto a deck with peaceful surroundings. It offers an enjoyable place to catch up at the end of the day while cooking or casually dining. For more formal gatherings the adjoining dining and living area are well equipped for entertaining. A first floor master bedroom or possible in-law suite is adjacent to a home office. Second floor hosts a 2nd master suite, three additional bedrooms and storage closet. The laundry and mudroom is tastefully organized off the kitchen, near the 3 car garage. Some of the special features include a generator transfer station creating no loss of power and a generous sized walk out basement with 8' ceilings, a 1/2 bath and plumbing available for a shower. Hopewell Valley is conveniently located close to Princeton and commutable to NYC or Philadelphia.

Last Agent to Sell the Property

Mary Beth Puzio

mbpuzio@verizon.net BHHS Fox & Roach Princeton RE License #TREND:60013490 Listed on: 10/04/2014

Last Buyer's Agent

Dayna Bevilacqua Relstab

(609) 921-1411 dayna.bevilacqua@cbmoves.com Coldwell Banker Residential Brokerage - Princeton License #1110674

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,781

Year Built

  • Built in 1988

Lot Details

  • 2.72 Acre Lot
  • Creek or Stream
  • Wooded Lot
  • Back, Front, and Side Yard
  • Property is in good condition
  • Property is zoned VRC

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • Property has 2 Levels
  • Central Vacuum
  • Cathedral Ceiling
  • Skylights
  • Marble Fireplace
  • Stone Fireplace
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Attic Fan
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Cooktop
  • Kitchen Island
  • Trash Compactor

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Water Oriented
  • Deck
  • Exterior Lighting

Location

  • Property is near a creek

Schools

  • Timberlane Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • 200+ Amp Service
  • Well
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ridings Subdivision

Listing and Financial Details

  • Tax Lot 00004 08
  • Assessor Parcel Number 06-00089-00004 08

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,781

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Washer/Dryer, Kitchen Appliances, Gas Grill, And Window Treatments
  • New Construction: No
  • Year Built: 1988
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Cooktop, Oven - Wall, Refrigerator, Trash Compactor
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick, Marble
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Skylight(s), Attic/House Fan, Central Vacuum, Kitchen - Eat-In
  • Fireplace Features: Brick, Marble, Stone
  • Fireplace: No
  • Wall Ceiling Types: Cathedral Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Laundry Type: Main Floor
  • Total Sq Ft: 3900
  • Living Area Sq Ft: 3900
  • Net Sq Ft: 3900.00
  • Price Per Sq Ft: 179.23
  • Above Grade Finished Sq Ft: 3900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 22

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding, Stone
  • Construction Completed: No
  • Exterior Features: Exterior Lighting
  • Roof: Shingle
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Middle School: TIMBERLANE
  • High School: CENTRAL
  • School District Key: 300200397266
  • High School: CENTRAL
  • Middle Or Junior School: TIMBERLANE

Lot Info

  • Lot Features: Trees/Wooded, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 2.72
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 118701.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Zoning: VRC

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 19781.00
  • Assessor Parcel Number: 06-00089-00004 08
  • Tax Lot: 00004 08
  • Tax Year: 2014
  • Close Date: 03/06/2015

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2014
Closed on
Feb 25, 2015
Sold by
Mahadass Chandra and Mahadass Pavani
Bought by
Chu Jonathan and Chu Patricia M
Seller's Agent
Mary Beth Puzio
BHHS Fox & Roach Princeton RE
Buyer's Agent
Dayna Bevilacqua Relstab
Coldwell Banker Residential Brokerage - Princeton
List Price
$749,000
Sold Price
$655,000
Premium/Discount to List
-$94,000
-12.55%
Current Estimated Value
$1,226,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$571,807
Avg. Annual Appreciation
6.07%
Original Mortgage
$250,000
Outstanding Balance
$86,984
Interest Rate
2.97%
Mortgage Type
New Conventional
Estimated Equity
$1,139,823

Purchase Details

Closed on
Mar 25, 1988
Bought by
Mahadass Chandra and Mahadass Pavani
Source: Public Records

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
Chu Jonathan $655,000 Nrt Title Agency Llc
Mahadass Chandra $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Jonathan $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2015 03/06/15 Sold $655,000 -6.3% $168 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
11/20/2014 11/20/14 Price Changed $699,000 -4.1% $179 / Sq Ft
10/16/2014 10/16/14 Price Changed $729,000 -2.7% $187 / Sq Ft
10/04/2014 10/04/14 For Sale $749,000 -- $192 / Sq Ft
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 $24,018 $760,800 $344,600 $416,200
2024 $23,250 $760,800 $344,600 $416,200
2023 $23,250 $760,800 $344,600 $416,200
2022 $22,771 $760,800 $344,600 $416,200
2021 $23,273 $760,800 $344,600 $416,200
2020 $22,710 $760,800 $344,600 $416,200
2019 $22,155 $760,800 $344,600 $416,200
2018 $21,744 $760,800 $344,500 $416,300
2017 $21,150 $760,800 $344,500 $416,300
2016 $19,994 $760,800 $344,500 $416,300
2015 $20,199 $760,800 $344,500 $416,300
2014 $19,781 $760,800 $344,500 $416,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003107398

Bright MLS

APN: 06-00089-0000-00004-08