NOT LISTED FOR SALE

254 S Franklin St Lambertville, NJ 08530

Estimated Value: $783,000 - $1,186,000

3 Beds
2 Baths
2,860 Sq Ft
$336/Sq Ft Est. Value

Last Sold June 19, 2013

Last sale price $610,000 $213 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,292/month

78 Days on Market

Highlights

  • Water Views
  • 0.43 Acre Lot
  • Contemporary Architecture
  • Commercial Range
  • Deck
  • Cathedral Ceiling

About This Home

As of June 2013

This extraordinary modern home sits high on a Lambertville hilltop overlooking the Delaware River and the City below. Sophisticated spaces with tall timbered ceilings and walls of glass blend modern design with rustic warmth and flow one into the other affording great areas for entertaining with breathtaking views. Extensively renovated, this home boasts a well-appointed kitchen with skylights and multiple islands and new spa-like bathrooms with exquisite tiles and fixtures. Custom-built mahogany barn doors unite the family room and master creating a luxurious suite with a fireplace and access to the deck. Two additional bedrooms, one with a vaulted ceiling and private balcony, are generously sized. Surrounded by lush vegetation and featuring newly rebuilt lower and upper decks and manicured gardens, this is truly a paradise for outdoor living. Located a few blocks to City center and within 30 minutes of downtown Princeton and 15 minutes of Capital Health Hospital and Merrill Lynch's Hopewell campus.

Last Agent to Sell the Property

Maura Mills

(609) 947-5757 mmills@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 03/20/2013

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Maura Mills

(609) 947-5757 mmills@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 03/20/2013

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,426

Year Built

  • Built in 1988 | Remodeled in 2009

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 140x135
  • Sloped Lot
  • Property is in good condition
  • Property is zoned R-L

Home Design

  • Contemporary Architecture
  • Pitched Roof
  • Wood Siding

Interior Spaces

  • Property has 2 Levels
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Home Security System
  • Laundry on lower level

Kitchen

  • Butlers Pantry
  • Double Oven
  • Commercial Range
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Parking

  • Private Parking
  • Driveway

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Shed

Utilities

  • Cooling System Utilizes Bottled Gas
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Water Treatment System
  • Well
  • Propane Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cottage Hill Subdivision

Listing and Financial Details

  • Tax Lot 00003 01
  • Assessor Parcel Number 17-01057-00003 01

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,426

Year Built

Built in 1988 | Remodeled in 2009

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Washer, Dryer
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1988
  • Year Renovated: 2009
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Oven - Double, Commercial Range, Dishwasher
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Kitchen - Island, Butlers Pantry, Skylight(s), Ceiling Fan(s), Water Treat System, Exposed Beams, Stall Shower
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings, High
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Lower Floor

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Exterior Lighting
  • Roof: Pitched
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Bottled Gas/Propane
  • Heating Type: Propane, Hot Water, Baseboard
  • Heating: Yes
  • Hot Water: Propane
  • 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

Lot Info

  • Improvement Assessed Value: 410300.00
  • Land Assessed Value: 153600.00
  • Lot Features: Sloping
  • Lot Size Acres: 0.43
  • Lot Dimensions: 140X135
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18900.00
  • Outdoor Living Structures: Deck(s), Balcony
  • Property Condition: Good
  • Zoning: R-L

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3713119
  • Tax Annual Amount: 10426.00
  • Assessor Parcel Number: 17-01057-00003 01
  • Tax Lot: 00003 01
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2019
Sold by
Peters Margery
Bought by
Peters Margery and Margery Peters 2018 Revocable
Current Estimated Value
$960,611

Purchase Details

Listed on
Mar 20, 2013
Closed on
Jun 19, 2013
Sold by
Carvalho Paulo Jorge and Carvalho Anca Maria
Bought by
Peters Margery
Seller's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$635,000
Sold Price
$610,000
Premium/Discount to List
-$25,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%

Purchase Details

Closed on
Dec 9, 2008
Sold by
Whitsett John F and Bennett Charles W
Bought by
Carvalho Paulo Jorge and Copaescu Anca Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2005
Sold by
Bentley Kevin James and Strauch Frank Joseph
Bought by
Whitsett John F and Bennett Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 1, 2001
Sold by
Patrick Robert Thornton
Bought by
Bentley Kevin James and Frank Joseph Strauch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.7%

Purchase Details

Closed on
Jan 2, 2001
Sold by
Hart Donald W
Bought by
Patrick Robert and Hess Neil
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Peters Margery -- Multiple
Peters Margery $610,000 Multiple
Carvalho Paulo Jorge $620,000 Empire Title & Abstract Agen
Whitsett John F $615,000 Sterling Title Agency
Bentley Kevin James $423,800 --
Patrick Robert $160,000 --
Patrick Robert $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carvalho Paulo Jorge $108,000
Previous Owner Carvalho Paulo Jorge $417,000
Previous Owner Whitsett John F $180,000
Previous Owner Bentley Kevin James $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2013 06/19/13 Sold $610,000 -3.9% $213 / Sq Ft
03/20/2013 03/20/13 For Sale $635,000 0.0% $222 / Sq Ft
11/17/2012 11/17/12 Rented $2,750 0.0% --
11/17/2012 11/17/12 Under Contract -- -- --
10/24/2012 10/24/12 For Rent $2,750 -- --
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 $14,633 $645,900 $198,600 $447,300
2024 $14,387 $633,200 $193,600 $439,600
2023 $14,387 $614,300 $178,600 $435,700
2022 $14,190 $614,300 $178,600 $435,700
2021 $12,634 $596,800 $161,100 $435,700
2020 $13,255 $596,800 $161,100 $435,700
2019 $12,634 $596,800 $161,100 $435,700
2018 $12,433 $596,300 $160,600 $435,700
2017 $12,150 $595,300 $159,600 $435,700
2016 $11,892 $594,300 $158,600 $435,700
2015 $11,810 $585,500 $153,600 $431,900
2014 $11,669 $585,500 $153,600 $431,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003374492

Bright MLS

APN: 17-01057-0000-00003-01