NOT LISTED FOR SALE

4 Masters Way Pennington, NJ 08534

Estimated Value: $842,000 - $982,000

4 Beds
2.5 Baths
2,402 Sq Ft
$378/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $850,000 $354 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,216/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Hopewell Valley Central High School Rated A
  • Cathedral Ceiling
  • Corner Lot

About This Home

As of July 2024

Looking for a turnkey property? Look no further than this beautifully maintained and appointed four-bedroom home in Pennington’s Mershon Chase.
From the two-story entryway, take in the panoramic view of the home, starting with the formal open living room at the left and working around to the turned staircases leading up and down, the kitchen and sunroom, and the two-story family room at back. Tall windows, transoms and clerestories fill the home with natural light during the day, and recessed lights illuminate the evenings.
The heart of the home is at the back, where a wall of windows in the family room frames the view of a tranquil backyard, raised deck and small basketball court. A gas fireplace and plush wall-to-wall carpeting enhance the comfort of the space.
The neighboring kitchen with tile floor has a center island with granite counters and seating, a gas stove, a pantry, and a half-wall with serving ledge into what is currently used as a breakfast space, but could easily be reimagined as a sunroom with its peaked ceiling and walls of windows, including a single-pane picture window topped with an arched window. A nearby formal dining room is accented with crown molding and chair rail, and a powder room and mudroom finish out this level.
Side by side turned staircases lead up and down. In the finished basement, find a very spacious laundry room with upper and lower cabinets, and a large living space that’s carpeted and accented with a pumpkin-hued wall.
Upstairs, a railed landing looks over the entry and offers a glimpse through the clerestory window. Three bedrooms share a hall bath with tub/shower combo and twin sinks. The master suite, accessed through a double doorway, is outfitted with a spacious walk-in closet and a spa-like bath with glass-doored shower, jetted Jacuzzi soaking tub and private toilet.
Ample storage is available in the basement, attached two-car garage and attic.
Outdoor enthusiasts will appreciate the home’s proximity to biking and walking paths, preserved open spaces and parks. Commuters will appreciate easy access to routes 295, 95 and 1, as well as the Hamilton and Princeton train stations. And just about everyone will appreciate the abundance of shopping and dining options in the Pennington and Hopewell downtowns, as well as nearby Princeton.

Last Agent to Sell the Property

Susan Thompson

(609) 638-7700 sthompson@corcoranss.com Corcoran Sawyer Smith - Pennington License #785606 Listed on: 05/11/2024

Corcoran Sawyer Smith - Pennington

Last Buyer's Agent

Eva Petruzziello

(609) 865-3696 evapgetsresults@gmail.com BHHS Fox & Roach - Princeton License #8630604

BHHS Fox & Roach - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,113

Year Built

  • Built in 1997

Lot Details

  • 0.43 Acre Lot
  • Corner Lot
  • Irregular Lot
  • Property is zoned R-5

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,402 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Stony Brook Elementary School
  • Timberlane Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Association fees include common area maintenance, management
  • Built by RYAN HOMES
  • Mershon Chase Subdivision, Zachary Floorplan

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 06-00078 23-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,113

Year Built

Built in 1997

Lot Details

0

HOA Fees

$40 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: washer, dryer, refrigerator in kitchen, bedroom curtains
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-05-11
  • Year Built: 1997
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Oven - Self Cleaning, Dishwasher
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Ceiling Fan(s), Stall Shower, Dining Area
  • Window Features: Bay/Bow
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Great Room, Laundry, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2402
  • Living Area Sq Ft: 2402
  • Price Per Sq Ft: 335.14
  • Above Grade Finished Sq Ft: 2402
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

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: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 120.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: STONY BROOK
  • High School: CENTRAL
  • Middle Or Junior School: TIMBERLANE

Lot Info

  • Lot Features: Corner, Irregular
  • Lot Size Acres: 0.43
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18731.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: R-5

Building Info

  • Builder Name: RYAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 17113.00
  • Assessor Parcel Number: 06-00078 23-00009
  • Tax Lot: 00009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2003

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2024
Closed on
Jul 18, 2024
Sold by
Magnusson Inger and Craig David
Bought by
Bhartiya Piyush and Bhartiya Arpita Datta
Seller's Agent
Susan Thompson
Corcoran Sawyer Smith - Pennington
Buyer's Agent
Eva Petruzziello
BHHS Fox & Roach - Princeton
List Price
$805,000
Sold Price
$850,000
Premium/Discount to List
$45,000
5.59%
Views
44
Current Estimated Value
$908,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,402
Avg. Annual Appreciation
4.59%
Original Mortgage
$350,000
Outstanding Balance
$345,640
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$562,762

Purchase Details

Closed on
Dec 6, 2004
Sold by
Hands Scott
Bought by
Mchugh Brian and Magnusson Inger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.75%

Purchase Details

Closed on
Oct 15, 2002
Sold by
Oster Raymond
Bought by
Hands Scott and Hands Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.09%

Purchase Details

Closed on
Dec 6, 1996
Sold by
Nvr Homes Inc
Bought by
Oster Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
7.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bhartiya Piyush $850,000 Trident Land Transfer
Bhartiya Piyush $850,000 Trident Land Transfer
Mchugh Brian $617,500 --
Hands Scott $479,900 --
Oster Raymond $249,074 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhartiya Piyush $350,000
Closed Bhartiya Piyush $350,000
Previous Owner Mchugh Brian $435,000
Previous Owner Hands Scott $260,000
Previous Owner Oster Raymond $199,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2024 07/25/24 Sold $850,000 +5.6% $354 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/11/2024 05/11/24 For Sale $805,000 -- $335 / 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 $17,679 $560,000 $234,700 $325,300
2024 $16,631 $560,000 $234,700 $325,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2042560

Bright MLS

APN: 06-00078-23-00009