Seller's Agent in 2025
Mike Ivanov
EXP Realty, LLC
(215) 251-3166
3 in this area
28 Total Sales
27 Avalon Rd Pennington, NJ 08534
5
Beds
3
Baths
2,903
Sq Ft
0.5
Acres
Highlights
- View of Trees or Woods
- Colonial Architecture
- Backs to Trees or Woods
- Hopewell Valley Central High School Rated A
- Cathedral Ceiling
- Walk-In Pantry
About This Home
As of August 2025Welcome to 27 Avalon Drive, a magnificent colonial-style home in the highly desirable Mershon Chase neighborhood. This expanded 2,903-square-foot Avalon model, the largest built by Ryan Homes, is offered for the first time by its original owners. Nestled on a premium half-acre lot facing serene woods, this 5-bedroom, 3-full-bath residence blends elegance, modern updates, and timeless charm, all within the highly regarded Hopewell Valley Regional School District. Step into the bright and spacious foyer, which opens to a sunlit living room and formal dining room, perfect for entertaining. Newer luxury flooring (2023) runs throughout the main level and upstairs hallway. The open-concept kitchen features a gas cooktop island, durable and bright quartz countertops, a new stainless steel refrigerator, and a large walk-in pantry, and flows seamlessly into a cozy dinette area. The heart of the home is the inviting family room, boasting a natural gas fireplace and double-height ceilings with an open view from the second floor, creating a grand yet warm atmosphere. The first floor offers a sought-after bedroom with access to a full bath, ideal for guests or multi-generational living. Upstairs, the expanded master suite impresses with a spacious walk-in closet, cleverly utilizing former attic space, and a luxurious ensuite featuring a double vanity, jetted tub, and standing shower. Three additional bedrooms provide ample space for family, work, or hobbies. Outside, a charming paved 20x24 patio (2017) overlooks the gorgeous tree-backed property, accented by mature crepe myrtle trees that add vibrant color to the landscape. The large, unfinished basement offers endless possibilities for customization, while recent updates, including a new roof in 2016, a Central Air system (2018), and a newer water heater (2022), ensure peace of mind. Located minutes from I-295, I-95, Route 1, and NJ Transit, this home offers a convenient commute to NYC or Philadelphia. Mercer Airport is just a few miles away, and vibrant downtown Princeton, with its local shops and restaurants, is only minutes from your doorstep. With a low HOA fee of $126 per quarter and a prime location in Pennington’s coveted neighborhood, this home is a rare find. Don’t miss the chance to own this beautifully maintained property, blending modern comforts with classic elegance.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,678
Year Built
- Built in 1997
Lot Details
- 0.5 Acre Lot
- East Facing Home
- Backs to Trees or Woods
- Property is in very good condition
- Property is zoned R-5
HOA Fees
- $42 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- 4 Driveway Spaces
- Parking Storage or Cabinetry
- Front Facing Garage
- Garage Door Opener
- On-Street Parking
Home Design
- Colonial Architecture
- Block Foundation
- Poured Concrete
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- Property has 2 Levels
- Cathedral Ceiling
- Gas Fireplace
- Views of Woods
- Walk-In Pantry
- Laundry on main level
Bedrooms and Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Windows
Accessible Home Design
- More Than Two Accessible Exits
- Level Entry For Accessibility
Outdoor Features
- Playground
- Play Equipment
Location
- Suburban Location
Schools
- Stony Brook Elementary School
- Timberlane Middle School
- Central High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- Built by Ryan Homes
- Mershon Chase Subdivision, Avalon Floorplan
Listing and Financial Details
- Tax Lot 00011 08
- Assessor Parcel Number 06-00078 43-00011 08
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 1997
Sold by
Nvr Homes Ins
Bought by
Kasbekar Nagnath and Kasbekar Trusha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.5%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $258,975 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $120,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Sold | $999,900 | +1.1% | $344 / Sq Ft |
| 05/28/2025 05/28/25 | For Sale | $989,000 | -- | $341 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $17,679 | $560,000 | $241,300 | $318,700 |
| 2024 | $16,631 | $560,000 | $241,300 | $318,700 |
| 2023 | $16,631 | $544,200 | $225,500 | $318,700 |
| 2022 | $16,288 | $544,200 | $225,500 | $318,700 |
| 2021 | $15,867 | $518,700 | $200,000 | $318,700 |
| 2020 | $15,483 | $518,700 | $200,000 | $318,700 |
| 2019 | $15,105 | $518,700 | $200,000 | $318,700 |
| 2018 | $14,824 | $518,700 | $200,000 | $318,700 |
| 2017 | $14,420 | $518,700 | $200,000 | $318,700 |
| 2016 | $13,631 | $518,700 | $200,000 | $318,700 |
| 2015 | $13,771 | $518,700 | $200,000 | $318,700 |
| 2014 | $13,486 | $518,700 | $200,000 | $318,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Ivanov
-
Sushma Jain
Buyer's Agent in 2025
Sushma Jain
Coldwell Banker Residential Brokerage - Princeton
(609) 433-2635
18 in this area
35 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2059248
APN: 06-00078-43-00011-08
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