NOT LISTED FOR SALE

240 Mountain Ave Princeton, NJ 08540

Estimated Value: $1,023,000 - $1,087,000

3 Beds
1 Bath
-- Sq Ft
0.92 Acres

Last Sold May 23, 2022

Last sale price $750,000

Est. 40% increase in value since last sale

Current estimated payment $6,773/month

Highlights

  • Rambler Architecture
  • No HOA
  • Oversized Parking
  • Community Park Elementary School Rated A+
  • 2 Car Detached Garage
  • Living Room

About This Home

As of May 2022

A fantastic Western Section location is ideal for on-the-go buyers with a selection of renowned schools, both public and private, as well as all the diversions of town, within a stone’s throw. At one end of the street, the wooded hiking trails of Mountain Lakes Preserve await exploration and the recreational facilities of Community Park invite fun in the sun. The delightfully private lot, at .92-acre, is just the right size for gardening, lawn games and outdoor entertaining, but not so big that maintenance will overtake your weekends. The house is a 3-bedroom Ranch with a solarium beside a separate 2-car garage with workshop. While the interior has wood floors, a brick fireplace and an easy-living layout, the condition is as-is. Bring your contractor or architect and get started on a plan to customize the perfect Princeton abode in a location you’ll love for years to come!

Last Agent to Sell the Property

Pete Callaway

(609) 558-5900 pcallaway@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #7811591 Listed on: 12/07/2021

Callaway Henderson Sotheby's Int'l-Princeton

Co-Listed By

Christina M. Callaway

(609) 610-5747 ccallaway@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9805308

Last Buyer's Agent

Pete Callaway

(609) 558-5900 pcallaway@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #7811591 Listed on: 12/07/2021

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,432

Year Built

  • Built in 1952

Lot Details

  • 0.92 Acre Lot
  • Property is zoned R5

Parking

  • 2 Car Detached Garage
  • Oversized Parking

Home Design

  • Rambler Architecture
  • Fixer Upper
  • Permanent Foundation
  • Frame Construction

Interior Spaces

  • Property has 1 Level
  • Family Room
  • Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Cooling System Utilizes Natural Gas
  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 14-06703-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,432

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1952
  • Automatically Close On Close Date: No
  • Remarks Public: A fantastic Western Section location is ideal for on-the-go buyers with a selection of renowned schools, both public and private, as well as all the diversions of town, within a stone’s throw. At one end of the street, the wooded hiking trails of Mountain Lakes Preserve await exploration and the recreational facilities of Community Park invite fun in the sun. The delightfully private lot, at .92-acre, is just the right size for gardening, lawn games and outdoor entertaining, but not so big that maintenance will overtake your weekends. The house is a 3-bedroom Ranch with a solarium beside a separate 2-car garage with workshop. While the interior has wood floors, a brick fireplace and an easy-living layout, the condition is as-is. Bring your contractor or architect and get started on a plan to customize the perfect Princeton abode in a location you’ll love for years to come!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Permanent
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 240

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

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 Spaces: 2.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

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

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 158700.00
  • Land Assessed Value: 392000.00
  • Lot Size Acres: 0.92
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40075.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2021
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2143819
  • Tax Annual Amount: 13432.00
  • Assessor Parcel Number: 14-06703-00009
  • Tax Lot: 00009
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 05/23/2022

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2021
Closed on
May 18, 2022
Sold by
Wellemeyer Marilyn R
Bought by
Drake Robert
Seller's Agent
Pete Callaway
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Pete Callaway
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$625,000
Sold Price
$750,000
Premium/Discount to List
$125,000
20%
Current Estimated Value
$1,051,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,206
Avg. Annual Appreciation
6.19%

Purchase Details

Closed on
Dec 14, 1990
Bought by
Wellemeyer Marilyn R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Drake Robert $750,000 None Listed On Document
Wellemeyer Marilyn R $205,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $750,000 +20.0% --
12/14/2021 12/14/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $625,000 -- --
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 $14,665 $550,700 $392,000 $158,700
2024 $13,845 $550,700 $392,000 $158,700
2023 $13,845 $550,700 $392,000 $158,700
2022 $13,393 $550,700 $392,000 $158,700
2021 $13,432 $550,700 $392,000 $158,700
2020 $13,327 $550,700 $392,000 $158,700
2019 $13,063 $550,700 $392,000 $158,700
2018 $12,842 $550,700 $392,000 $158,700
2017 $12,666 $550,700 $392,000 $158,700
2016 $12,468 $550,700 $392,000 $158,700
2015 $12,181 $550,700 $392,000 $158,700
2014 $12,033 $550,700 $392,000 $158,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJME2007702

Bright MLS

APN: 14-06703-0000-00009