NOT LISTED FOR SALE

27 A E Franklin Ave Pennington, NJ 08534

Estimated Value: $300,000 - $798,000

-- Bed
-- Bath
2,392 Sq Ft
$226/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $495,000 $207 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,544/month

333 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Garden View
  • Hopewell Valley Central High School Rated A
  • Wood Flooring
  • Attic

About This Home

As of January 2021

Urban Flight? Looking for Multi-Generational Living? Looking to live in one home and get rental income from a 2nd Home? This is a truly special & rare property in one of the most-beloved neighborhoods & small towns in NJ. With two single family homes on the property with large yard, it is ideal for multi-generational living. This property provides numerous & wonderful possibilities. You can live in one residence and use the other residence as a home office or studio; or, you can live in one home, and invite loved ones or an au pair, to live, or stay, in the other; or, you can use it as a guest house; or, you can continue to use it as an income-producing property, like it is now, to help offset and reduce your overall living expenses. The possibilities, abound. The delightful three-bedroom, two-full bath home... situated in a quiet, picturesque section of Pennington Borough, boasts plenty of charm and character, throughout. Bright & sunny... it possesses hardwood floors, pocket doors, built-ins, skylights, a deck, and much more... this home awaits your own decorating style. The detached and cozy, two-bedroom, one-full bath, ranch-style home, with full kitchen, living room, and spacious private deck, possesses its' own privacy, inside and out. As you can see, this property presents a wonderful opportunity to accommodate loved ones, frequent visitors, and au pair, or, a tenant (income producing investment). Location, Location, location Just a short distance to the heart of Pennington Borough and everything it has to offer... schools, restaurants, shops, parks, & houses of worship. Kunkel Park is close-by, too. All public schools are located within 1 +/- mile from the two homes. In addition to public schools, Pennington is also home to "The Pennington School", a private, coeducational college preparatory school for day and boarding students in sixth through twelfth grades. You won't want to miss this rare opportunity to own one of the most unique properties in the historical borough of Pennington. Recent updates/improvements in the main home include: New Roof (2013); Hardwood Flooring (2013); New 200A Electric Panel (2013); Crawl Space French Drain/Sump Pump (2013); Multi-unit Inverter AC system (2014); 11 Andersen Windows (2015); Dishwasher (2015); S/S Kitchen Cooktop (2016); Gas Boiler (2016); Sump-Pump (2018); 3 Skylights. Recent updates/improvements in the second home include: New Roof (2013); Bathroom Skylight (2013); Basement Work- Footers, ground leveling, vapor barrier, and sump pump (2013); Stove/Oven (2016); Dishwasher (2017); Refrigerator (2018)... The property is conveniently located near downtown Pennington Borough, within short distance to shops, restaurants, schools, houses of worship, & banks. Quick & easy access to route 31, I-95, I-195, I-295, Trenton/Hamilton train stations, Princeton, NYC, Philly, the Jersey Shore, & the Pocono's. YOU MUST SEE IT!

Last Agent to Sell the Property

Charles Horn

Keller Williams Cornerstone Realty Listed on: 01/17/2020

Keller Williams Cornerstone Realty

Last Buyer's Agent

Liz Boyle Hall

Keller Williams Real Estate-Doylestown License #1968417

Keller Williams Real Estate-Doylestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,002

Year Built

  • Built in 1977

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 80.00 x 195.00 x 100.05 x 197.04
  • Landscaped
  • Corner Lot
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in good condition

Home Design

  • Colonial Architecture
  • Rambler Architecture
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Active Radon Mitigation

Interior Spaces

  • 2,392 Sq Ft Home
  • Traditional Floor Plan
  • Built-In Features
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Sliding Windows
  • Family Room Off Kitchen
  • Formal Dining Room
  • Garden Views
  • Attic Fan
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Oven or Range
  • Stove
  • Down Draft Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower

Basement

  • Interior and Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • 14 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Storage Shed

Schools

  • Toll Gate/Grammar Elementary School
  • Timberlane Middle School
  • Central High School

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Hot Water Baseboard Heater
  • 200+ Amp Service
  • 100 Amp Service
  • Water Treatment System
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, real estate taxes, trash collection
  • Tax Lot 00012
  • Assessor Parcel Number 08-00104-00012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes parking

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,002

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial, Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Washer/Dryer in primary residence. 3' Magnolia tree outside DR window.
  • Historic: No
  • Home Warranty: No
  • Inclusions: Stackable Washer/Dryer in Ranch. 2 Refrigerators in basement of primary residence.
  • New Construction: No
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Remarks Public: Urban Flight? Looking for Multi-Generational Living? Looking to live in one home and get rental income from a 2nd Home? This is a truly special & rare property in one of the most-beloved neighborhoods & small towns in NJ. With two single family homes on the property with large yard, it is ideal for multi-generational living. This property provides numerous & wonderful possibilities. You can live in one residence and use the other residence as a home office or studio; or, you can live in one home, and invite loved ones or an au pair, to live, or stay, in the other; or, you can use it as a guest house; or, you can continue to use it as an income-producing property, like it is now, to help offset and reduce your overall living expenses. The possibilities, abound. The delightful three-bedroom, two-full bath home... situated in a quiet, picturesque section of Pennington Borough, boasts plenty of charm and character, throughout. Bright & sunny... it possesses hardwood floors, pocket doors, built-ins, skylights, a deck, and much more... this home awaits your own decorating style. The detached and cozy, two-bedroom, one-full bath, ranch-style home, with full kitchen, living room, and spacious private deck, possesses its' own privacy, inside and out. As you can see, this property presents a wonderful opportunity to accommodate loved ones, frequent visitors, and au pair, or, a tenant (income producing investment). Location, Location, location Just a short distance to the heart of Pennington Borough and everything it has to offer... schools, restaurants, shops, parks, & houses of worship. Kunkel Park is close-by, too. All public schools are located within 1 +/- mile from the two homes. In addition to public schools, Pennington is also home to "The Pennington School", a private, coeducational college preparatory school for day and boarding students in sixth through twelfth grades. You won't want to miss this rare opportunity to own one of the most unique properties in the historical borough of Pennington. Recent updates/improvements in the main home include: New Roof (2013); Hardwood Flooring (2013); New 200A Electric Panel (2013); Crawl Space French Drain/Sump Pump (2013); Multi-unit Inverter AC system (2014); 11 Andersen Windows (2015); Dishwasher (2015); S/S Kitchen Cooktop (2016); Gas Boiler (2016); Sump-Pump (2018); 3 Skylights. Recent updates/improvements in the second home include: New Roof (2013); Bathroom Skylight (2013); Basement Work- Footers, ground leveling, vapor barrier, and sump pump (2013); Stove/Oven (2016); Dishwasher (2017); Refrigerator (2018)... The property is conveniently located near downtown Pennington Borough, within short distance to shops, restaurants, schools, houses of worship, & banks. Quick & easy access to route 31, I-95, I-195, I-295, Trenton/Hamilton train stations, Princeton, NYC, Philly, the Jersey Shore, & the Pocono's. YOU MUST SEE IT!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Cooktop - Down Draft, Dishwasher, Exhaust Fan, Oven - Wall, Oven/Range - Electric, Refrigerator, Stove, Washer/Dryer Stacked, Extra Refrigerator/Freezer
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Attic/House Fan, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Primary Bath(s), Skylight(s), Tub Shower, Walk-In Closet(s), Water Treat System, Window Treatments, Wood Floors
  • Window Features: Skylights, Sliding
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Active Radon Mitigation, Crawl Space
  • Room Count: 14
  • Basement: Yes
  • Basement Type: Interior Access, Outside Entrance, Poured Concrete, Sump Pump
  • Total Sq Ft: 2392
  • Living Area Sq Ft: 2392
  • Price Per Sq Ft: 208.82
  • Above Grade Finished Sq Ft: 2392
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 27

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame
  • Roof: Asphalt
  • Spa: No
  • View: Garden/Lawn, Street
  • 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: 14
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Multi Units, Window Unit(s)
  • Electric Service: 200+ Amp Service, 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water, Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Elementary School: TOLL GATE/GRAMMAR E.S.
  • Middle School: TIMBERLANE M.S.
  • High School: CENTRAL H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397266
  • School District Source: Listing Agent
  • Elementary School: TOLL GATE/GRAMMAR E.S.
  • High School: CENTRAL H.S.
  • Middle Or Junior School: TIMBERLANE M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 165200.00
  • Land Assessed Value: 336300.00
  • Lot Features: Corner, Front Yard, Level, Landscaping, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.40
  • Lot Dimensions: 80.00 x 195.00 x 100.05 x 197.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17640.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: R-80

Rental Info

  • Existing Lease Type: Gross, Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Common Area Maintenance, Insurance, Taxes - Real Estate, Trash Collection
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Income Includes: Parking

Tax Info

  • Assessor Parcel Number: 2137431
  • Tax Annual Amount: 14002.00
  • Assessor Parcel Number: 08-00104-00012
  • Tax Lot: 00012
  • Tax Total Finished Sq Ft: 2392
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 01/29/2021

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $495,000 -0.9% $207 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
09/28/2020 09/28/20 Price Changed $499,500 -3.9% $209 / Sq Ft
06/26/2020 06/26/20 Price Changed $520,000 -5.5% $217 / Sq Ft
01/17/2020 01/17/20 For Sale $550,000 -- $230 / 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
2022 $14,122 $612,600 $459,000 $153,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME290432

Bright MLS

APN: 08-00104-0000-00012-01