NOT LISTED FOR SALE

388 Franklin Ave Princeton, NJ 08540

Estimated Value: $948,000 - $1,193,000

3 Beds
1.5 Baths
-- Sq Ft
0.31 Acres

Last Sold May 31, 2017

Last sale price $665,000

Est. 58% increase in value since last sale

Current estimated payment $6,735/month

Highlights

  • Deck
  • Rambler Architecture
  • 1 Fireplace
  • Littlebrook Elementary School Rated A+
  • Wood Flooring
  • 3-minute walk to Potts Park

About This Home

As of May 2017

The incredible backyard garden of this in-town charmer brims with color: hydrangea and peonies, bright goldfinches and butterflies, pink coneflower and roses. Inside, sunshine and hardwood floors flow. A fireplace clad in warm brick and flanking bookcases unite open living and dining space. Easy-care finishes make clean-up a snap in the bright kitchen, as a sweet coffee bar overlooks the yard. A cozy den could serve as an inspired breakfast room with its bay window, bookcases, and parquet floor. A mudroom accesses the 1-car garage and a cathedral screened porch, which functions as a breezy outdoor family room, allowing for rain or shine enjoyment of bountiful blooms and specimen trees. A thoughtful renovation includes the addition of a powder room and a master bedroom expansion. 2 more bedrooms and a full bath finish things. A red maple tree, bed of myrtle, and a pergola-topped patio accent the facade, creating darling curb appeal, plus it's sidewalks all the way to Princeton's wonderful theaters, eateries, and shops! Full-house generator.

Last Agent to Sell the Property

Martha Giancola

(609) 658-1969 mgiancola@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8838228 Listed on: 02/27/2017

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Linda Li

(609) 933-5699 lindawli@aol.com Coldwell Banker Residential Brokerage - Princeton License #0235457

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,998

Year Built

  • Built in 1954

Lot Details

  • 0.31 Acre Lot
  • Property is zoned R7

Home Design

  • Rambler Architecture

Interior Spaces

  • Property has 1 Level
  • 1 Fireplace
  • Family Room
  • Living Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Deck
  • Shed
  • Porch

Schools

  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00020
  • Assessor Parcel Number 14-07309-00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,998

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Garden Fountain
  • New Construction: No
  • Story List: Main
  • Year Built: 1954
  • Remarks Public: The incredible backyard garden of this in-town charmer brims with color: hydrangea and peonies, bright goldfinches and butterflies, pink coneflower and roses. Inside, sunshine and hardwood floors flow. A fireplace clad in warm brick and flanking bookcases unite open living and dining space. Easy-care finishes make clean-up a snap in the bright kitchen, as a sweet coffee bar overlooks the yard. A cozy den could serve as an inspired breakfast room with its bay window, bookcases, and parquet floor. A mudroom accesses the 1-car garage and a cathedral screened porch, which functions as a breezy outdoor family room, allowing for rain or shine enjoyment of bountiful blooms and specimen trees. A thoughtful renovation includes the addition of a powder room and a master bedroom expansion. 2 more bedrooms and a full bath finish things. A red maple tree, bed of myrtle, and a pergola-topped patio accent the facade, creating darling curb appeal, plus it's sidewalks all the way to Princeton's wonderful theaters, eateries, and shops! Full-house generator.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Dishwasher
  • Flooring Type: Wood
  • Interior Amenities: Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Street Number Modifier: 388

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures List: Shed
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Middle School: J WITHERSPOON
  • High School: PRINCETON
  • School District Key: 300200396175
  • High School: PRINCETON
  • Middle Or Junior School: J WITHERSPOON

Lot Info

  • Improvement Assessed Value: 115600.00
  • Land Assessed Value: 326000.00
  • Lot Size Acres: 0.31
  • Lot Dimensions: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13504.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Attached Yn: No
  • Zoning: R7

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2144809
  • Tax Annual Amount: 9998.00
  • Assessor Parcel Number: 14-07309-00020
  • Tax Lot: 00020
  • Tax Year: 2016
  • Close Date: 05/31/2017

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
May 31, 2017
Sold by
Beck Nancy Lu
Bought by
Xia Feng and Zhou Li
Seller's Agent
Martha Giancola
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Linda Li
Coldwell Banker Residential Brokerage - Princeton
List Price
$599,000
Sold Price
$665,000
Premium/Discount to List
$66,000
11.02%
Current Estimated Value
$1,053,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,039
Avg. Annual Appreciation
4.52%
Original Mortgage
$360,000
Outstanding Balance
$193,702
Interest Rate
3.23%
Mortgage Type
New Conventional
Estimated Equity
$767,408

Purchase Details

Closed on
Apr 19, 1989
Bought by
Beck Nancy Lu
Source: Public Records

Range of Values:

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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
Xia Feng $665,000 Title Authority Llc
Beck Nancy Lu $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xia Feng $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $665,000 +11.0% --
03/07/2017 03/07/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $599,000 -- --
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 $13,821 $519,000 $381,000 $138,000
2024 $13,048 $519,000 $381,000 $138,000
2023 $13,048 $519,000 $381,000 $138,000
2022 $12,622 $519,000 $381,000 $138,000
2021 $11,417 $468,100 $351,000 $117,100
2020 $11,328 $468,100 $351,000 $117,100
2019 $11,103 $468,100 $351,000 $117,100
2018 $10,916 $468,100 $351,000 $117,100
2017 $10,766 $468,100 $351,000 $117,100
2016 $9,998 $441,600 $326,000 $115,600
2015 $9,768 $441,600 $326,000 $115,600
2014 $9,649 $441,600 $326,000 $115,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000038754

Bright MLS

APN: 14-07309-0000-00020