NOT LISTED FOR SALE

261 Prospect Ave Princeton, NJ 08540

Estimated Value: $1,746,995 - $1,877,000

4 Beds
3 Baths
2,932 Sq Ft
$618/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $1,350,000 $460 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $11,748/month

19 Days on Market

Highlights

  • Commercial Range
  • Rambler Architecture
  • 1 Fireplace
  • Riverside Elementary School Rated A+
  • Wood Flooring
  • Corner Lot

About This Home

As of November 2016

Welcome to this thoughtfully renovated ranch in Princeton's Riverside section of town, located on an over sized corner lot one block from Riverside School. As you enter the home you are greeted by the welcoming living room to the left of the entrance hall. A tiled gas fireplace with built ins either side will make winter nights cozy. The large bay window offers a great view of the large front yard. The living room leads into the good size dining room which is just off the kitchen which makes entertaining a breeze. There is a play room off the living room which leads to an office/ guest room and full bath. As well as this recreation room there is also a family room to the rear of the house which over looks the blue stone patio.The living spaces are a seamless flow into one another which adds to the feeling of spaciousness. The kitchen was remodeled by Princeton Design Guild and boasts a professional range, Kitchen Aid fridge, Bosch dishwasher. A large center island is the focal point of the kitchen and a natural gathering spot and the skylight drenches the area in natural light! There is subway tile back splash, granite counters , under cabinet lighting and cork flooring. The kitchen are also has a desk area and laundry off to the side. It truly is the heart of the home. The master bedroom has a cedar closet and built -ins around the window and master bath has a closet too! The other bedrooms are a good size, one of which has built in storage . The basement is unfinished and two car garage has California Closet storage system as well as some of closets in the home. The yard is fenced in and has mature plantings, shade trees and landscape lighting. Most of the living area has hardwood flooring. A must see!

Last Agent to Sell the Property

Ingela Kostenbader

(609) 924-5353 ingela@princetonhome.com Queenston Realty, LLC License #344850 Listed on: 08/12/2016

Last Buyer's Agent

Ingela Kostenbader

(609) 924-5353 ingela@princetonhome.com Queenston Realty, LLC License #344850 Listed on: 08/12/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,741

Year Built

  • Built in 1951

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 134x155
  • Corner Lot
  • Property is zoned R2

Home Design

  • Rambler Architecture
  • Pitched Roof
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2,932 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Commercial Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 3 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Patio

Schools

  • Riverside Elementary School
  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Riverside Subdivision

Listing and Financial Details

  • Tax Lot 00048
  • Assessor Parcel Number 14-00056 02-00048

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,741

Year Built

Built in 1951

Lot Details

0.48 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1951
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Commercial Range
  • Flooring Type: Wood
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2932
  • Living Area Sq Ft: 2932
  • Net Sq Ft: 2932.00
  • Price Per Sq Ft: 441.68
  • Above Grade Finished Sq Ft: 2932
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Shingle Siding
  • Access To Pool: No
  • Exterior Features: Sidewalks
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Total Garage And Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Baseboard
  • 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

  • Elementary School: RIVERSIDE
  • High School: PRINCETON
  • Middle Or Junior School: J WITHERSPOON

Lot Info

  • Improvement Assessed Value: 321800.00
  • Land Assessed Value: 506000.00
  • Lot Features: Corner
  • Lot Size Acres: 0.48
  • Lot Dimensions: 134X155
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20770.00
  • Outdoor Living Structures: Roof, Patio(s)
  • Property Attached Yn: No
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2140953
  • Tax Annual Amount: 18741.00
  • Assessor Parcel Number: 14-00056 02-00048
  • Tax Lot: 00048
  • Tax Year: 2016

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2016
Closed on
Nov 17, 2016
Sold by
Shapiro Jacob and Shapiro Catherine
Bought by
Dvir Zeev and Tannenbaum Dvir Sarah
Seller's Agent
Ingela Kostenbader
Queenston Realty, LLC
Buyer's Agent
Ingela Kostenbader
Queenston Realty, LLC
List Price
$1,295,000
Sold Price
$1,350,000
Premium/Discount to List
$55,000
4.25%
Current Estimated Value
$1,811,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,998
Avg. Annual Appreciation
3.20%
Original Mortgage
$500,045
Outstanding Balance
$401,449
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,410,549

Purchase Details

Closed on
Dec 5, 2007
Sold by
Greenfield Melvin and Greenfield Marilyn
Bought by
Shapiro Jacob and Shapiro Catherine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dvir Zeev $1,350,000 Old Republic National Title
Shapiro Jacob $810,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dvir Zeev $500,045
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2016 11/17/16 Sold $1,350,000 +4.2% $460 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/12/2016 08/12/16 For Sale $1,295,000 -- $442 / Sq Ft
Source: Bright MLS

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 $27,834 $1,045,200 $580,000 $465,200
2024 $26,276 $1,045,200 $580,000 $465,200
2023 $26,276 $1,045,200 $580,000 $465,200
2022 $25,419 $1,045,200 $580,000 $465,200
2021 $25,368 $1,040,100 $580,000 $460,100
2020 $25,170 $1,040,100 $580,000 $460,100
2019 $24,671 $1,040,100 $580,000 $460,100
2018 $24,139 $1,035,100 $580,000 $455,100
2017 $20,210 $878,700 $506,000 $372,700
2016 $18,741 $827,800 $506,000 $321,800
2015 $18,311 $827,800 $506,000 $321,800
2014 $18,087 $827,800 $506,000 $321,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003887905

Bright MLS

APN: 14-00056-02-00048

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