NOT LISTED FOR SALE

36 Drakes Corner Rd Princeton, NJ 08540

Estimated Value: $1,284,000 - $1,488,000

2 Beds
1 Bath
-- Sq Ft
2.79 Acres

Last Sold March 31, 2016

Last sale price $785,000

Est. 73% increase in value since last sale

Current estimated payment $9,103/month

Highlights

  • Cape Cod Architecture
  • No HOA
  • Living Room
  • Johnson Park School Rated A+
  • Galley Kitchen
  • Electric Baseboard Heater

About This Home

As of April 2020

Welcome to this lovely, serene, large 2 bedroom rental in the lower apartment level of a beautiful home in Princeton. Private entrance in the back of home. Owner occupied and living in the upper level of the home. Located in a very tranquil setting and surrounded by beautiful trees and greenery. Gated entry to property. Access to its own outside patio. Large living room with beautiful views of the back yard and surrounding trees in the distance. Hardwood floors throughout, updated renovated kitchen with dishwasher. Newly renovated bathroom. Includes washer and dryer. 2 car parking included outside. Located off the Great Rd, minutes from downtown Princeton. Note: An extra $100 will be collected with he rent each month to cover utilities including gas, electric, heat, hot water, a/c, water and sewer since all on same meter as owners. Trash and snow removal are also included. Tenant pays for cable, internet and phone only. Nothing like this in all of Princeton for the price.

Last Agent to Rent the Property

Gail Zervos

Coldwell Banker Residential Brokerage - Princeton Listed on: 01/27/2020

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,913

Year Built

  • Built in 1955

Lot Details

  • Property is zoned RA

Home Design

  • Cape Cod Architecture
  • Frame Construction

Interior Spaces

  • Property has 1 Level
  • Living Room

Kitchen

  • Galley Kitchen
  • Oven
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Parking Lot

Schools

  • Johnson Park Elementary School
  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • Western Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,225
  • Requires 1 Month of Rent Paid Up Front
  • Rent includes trash removal, snow removal
  • 12-Month Min and 24-Month Max Lease Term
  • Available 1/27/20
  • Assessor Parcel Number 14-01901-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,913

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Date Available: 2020-01-27
  • Months Rent Up Front: 1.0
  • Pets: Cats Ok, Case By Case Basis
  • Pets Allowed: Yes
  • Rent Includes: Trash Removal, Snow Removal
  • Security Deposit: 3225.00
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1955
  • Remarks Public: Welcome to this lovely, serene, large 2 bedroom rental in the lower apartment level of a beautiful home in Princeton. Private entrance in the back of home. Owner occupied and living in the upper level of the home. Located in a very tranquil setting and surrounded by beautiful trees and greenery. Gated entry to property. Access to its own outside patio. Large living room with beautiful views of the back yard and surrounding trees in the distance. Hardwood floors throughout, updated renovated kitchen with dishwasher. Newly renovated bathroom. Includes washer and dryer. 2 car parking included outside. Located off the Great Rd, minutes from downtown Princeton. Note: An extra $100 will be collected with he rent each month to cover utilities including gas, electric, heat, hot water, a/c, water and sewer since all on same meter as owners. Trash and snow removal are also included. Tenant pays for cable, internet and phone only. Nothing like this in all of Princeton for the price.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven - Single, Stove, Washer, Dishwasher, Dryer, Refrigerator
  • Interior Amenities: Kitchen - Galley
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 36

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: No
  • Type Of Parking: Driveway, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: RA

Tax Info

  • Assessor Parcel Number: 2141814
  • Assessor Parcel Number: 14-01901-00008
  • Close Date: 04/01/2020

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Mar 17, 2016
Sold by
Stayer Catherine
Bought by
Lani Marina Barbara
Seller's Agent
Ingela Kostenbader
Queenston Realty, LLC
Buyer's Agent
Gail Zervos
Coldwell Banker Residential Brokerage - Princeton
List Price
$785,000
Sold Price
$785,000
Current Estimated Value
$1,361,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$576,372
Avg. Annual Appreciation
5.27%
Original Mortgage
$628,000
Outstanding Balance
$495,940
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$779,461

Purchase Details

Closed on
Jan 13, 2005
Sold by
Dean Chace
Bought by
Stayer Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
5.78%
Source: Public Records

Range of Values:

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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
Lani Marina Barbara $785,000 Nrt Title Agency Llc
Stayer Catherine $890,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lani Marina Barbara $628,000
Previous Owner Stayer Catherine $361,064
Previous Owner Stayer Cynthia C $440,000
Previous Owner Stayer Cynthia C $100,000
Previous Owner Stayer Catherine $712,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2020 04/01/20 Rented $2,150 0.0% --
03/16/2020 03/16/20 Under Contract -- -- --
01/27/2020 01/27/20 For Rent $2,150 0.0% --
10/15/2018 10/15/18 Rented $2,150 0.0% --
10/03/2018 10/03/18 Under Contract -- -- --
09/17/2018 09/17/18 For Rent $2,150 +7.5% --
10/20/2016 10/20/16 Rented $2,000 0.0% --
10/10/2016 10/10/16 Under Contract -- -- --
10/07/2016 10/07/16 For Rent $2,000 0.0% --
03/31/2016 03/31/16 Sold $785,000 0.0% $344 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $785,000 0.0% $344 / Sq Ft
01/01/2015 01/01/15 Rented $5,700 -8.1% --
11/24/2014 11/24/14 Under Contract -- -- --
09/03/2014 09/03/14 For Rent $6,200 -- --
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 $20,913 $740,300 $566,500 $173,800
2024 $19,742 $785,300 $611,500 $173,800
2023 $19,742 $785,300 $611,500 $173,800
2022 $19,099 $785,300 $611,500 $173,800
2021 $19,153 $785,300 $611,500 $173,800
2020 $19,004 $785,300 $611,500 $173,800
2019 $18,627 $785,300 $611,500 $173,800
2018 $17,679 $758,100 $611,500 $146,600
2017 $17,436 $758,100 $611,500 $146,600
2016 $17,163 $758,100 $611,500 $146,600
2015 $19,021 $859,900 $611,500 $248,400
2014 $18,789 $859,900 $611,500 $248,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME290880

Bright MLS

APN: 14-01901-0000-00008