NOT LISTED FOR SALE

371 Franklin Ave Princeton, NJ 08540

Estimated Value: $1,122,000 - $1,303,000

3 Beds
2 Baths
1,542 Sq Ft
$764/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $550,000 $357 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $8,188/month

Highlights

  • Rambler Architecture
  • Wood Flooring
  • No HOA
  • Littlebrook Elementary School Rated A+
  • 1 Fireplace
  • 2-minute walk to Potts Park

About This Home

As of August 2021

Welcome to a charming ranch style home in the Littlebrook section of Princeton! It is surrounded by a beautiful tree lined that is within walking distance to everything Princeton has to offer. This adorable home has 3 spacious bedrooms, 2 full bathrooms, eat-in kitchen that leads to a large bright living room with windows overlooking large rear yard. There is a laundry facility located on the first level for your convenience. Full sized unfinished basement for extra storage and even the possibility of a workout/recreational space. The backyard is fenced and has flower beds and mature plantings – perfect for peaceful relaxation. Conveniently located to Princeton Shopping Center, Princeton Schools and Nassau St, gourmet restaurants and cafes, libraries, museum, and Princeton University. No Pets and No Smoking! Available for rent starting 9/1/21. Showings start Sunday - 08/22/21

Last Agent to Rent the Property

Swapnil Patel

(732) 453-4949 swaps86@gmail.com BHHS Fox & Roach - Robbinsville License #1433593 Listed on: 08/17/2021

BHHS Fox & Roach - Robbinsville

Last Renter's Agent

Dawn Schrader

dschrader@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #1973102

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,259

Year Built

  • Built in 1961

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in very good condition
  • Property is zoned R7

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,542 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Entrance Foyer
  • Living Room
  • Wood Flooring
  • Unfinished Basement
  • Sump Pump

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 5 Parking Spaces
  • 4 Driveway Spaces
  • 1 Attached Carport Space

Accessible Home Design

  • More Than Two Accessible Exits

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Littlebrook Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $5,250
  • Tenant pays for gas, electricity, water
  • The owner pays for real estate taxes, insurance, sewer
  • Rent includes grounds maintenance, parking, taxes, trash removal
  • No Smoking Allowed
  • 6-Month Min and 12-Month Max Lease Term
  • Available 9/1/21
  • Assessor Parcel Number 14-07310-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,259

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Date Available: 2021-09-01
  • Owner Pays: Taxes - Real Estate, Insurance, Sewer
  • Pets Allowed: No
  • Rent Includes: Grounds Maintenance, Parking, Taxes, Trash Removal
  • Security Deposit: 5250.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Gas, Electricity, Water
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 6
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1961
  • Remarks Public: Welcome to a charming ranch style home in the Littlebrook section of Princeton! It is surrounded by a beautiful tree lined that is within walking distance to everything Princeton has to offer. This adorable home has 3 spacious bedrooms, 2 full bathrooms, eat-in kitchen that leads to a large bright living room with windows overlooking large rear yard. There is a laundry facility located on the first level for your convenience. Full sized unfinished basement for extra storage and even the possibility of a workout/recreational space. The backyard is fenced and has flower beds and mature plantings – perfect for peaceful relaxation. Conveniently located to Princeton Shopping Center, Princeton Schools and Nassau St, gourmet restaurants and cafes, libraries, museum, and Princeton University. No Pets and No Smoking! Available for rent starting 9/1/21. Showings start Sunday - 08/22/21
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Foyer
  • Basement: Yes
  • Basement Type: Unfinished, Sump Pump
  • Total Sq Ft: 1542
  • Living Area Sq Ft: 1542
  • Price Per Sq Ft: 2.27
  • Above Grade Finished Sq Ft: 1542
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 371

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Parking Features: Asphalt Driveway
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Attached Carport
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: LITTLEBROOK E.S.
  • Middle School: J WITHERSPOON
  • 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: 3rd Party
  • Elementary School: LITTLEBROOK E.S.
  • High School: PRINCETON H.S.
  • Middle Or Junior School: J WITHERSPOON

Lot Info

  • Horses: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Property Condition: Very Good
  • Zoning: R7

Tax Info

  • Assessor Parcel Number: 2144823
  • Assessor Parcel Number: 14-07310-00005
  • Tax Total Finished Sq Ft: 1542
  • Tax Data Updated: No
  • Close Date: 08/31/2021

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Jan 13, 2021
Sold by
Mccabe Veronica L
Bought by
Patel Shivang and Patel Bhumika
Seller's Agent
Denise Henderson
River Valley Realty, LLC
Buyer's Agent
James Maroldi
River Valley Properties
List Price
$525,000
Sold Price
$550,000
Premium/Discount to List
$25,000
4.76%
Current Estimated Value
$1,178,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$628,771
Avg. Annual Appreciation
18.11%
Original Mortgage
$435,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2017
Sold by
Miller Mary John
Bought by
Mccabe Vernica L
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
Patel Shivang $550,000 North East Title Agency Llc
Patel Shivang $550,000 Stewart Title
Mccabe Vernica L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Shivang $435,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Rented $3,500 0.0% --
08/17/2021 08/17/21 For Rent $3,500 0.0% --
03/03/2021 03/03/21 Sold $550,000 +4.8% $357 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $525,000 -4.5% $340 / Sq Ft
10/03/2020 10/03/20 Off Market $550,000 -- --
10/03/2020 10/03/20 For Sale $525,000 -- $340 / 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
2025 $23,259 $873,400 $367,000 $506,400
2024 $12,266 $873,400 $367,000 $506,400
2023 $12,266 $487,900 $367,000 $120,900
2022 $11,866 $487,900 $367,000 $120,900
2021 $11,605 $475,800 $337,000 $138,800
2020 $11,514 $475,800 $337,000 $138,800
2019 $11,286 $475,800 $337,000 $138,800
2018 $11,096 $475,800 $337,000 $138,800
2017 $10,943 $475,800 $337,000 $138,800
2016 $10,165 $449,000 $312,000 $137,000
2015 $9,932 $449,000 $312,000 $137,000
2014 $9,811 $449,000 $312,000 $137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2003752

Bright MLS

APN: 14-07310-0000-00005