NOT LISTED FOR SALE

42 Cleveland Ln Princeton, NJ 08540

Estimated Value: $2,418,934 - $2,839,000

6 Beds
5 Baths
-- Sq Ft
0.51 Acres

Last Sold April 14, 2015

Last sale price $1,500,000

Est. 79% increase in value since last sale

Current estimated payment $17,979/month

257 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • Wood Flooring
  • Community Park Elementary School Rated A+
  • Deck
  • Attic

About This Home

As of April 2015

A broad wraparound mahogany porch detailed with Corinthian columns and an elegant balustrade sets the scene for this Colonial-era home. One can almost imagine the delight that the original Lady of the House must have felt as her horse and carriage first arrived in 1820, long before most of the other homes in Princeton's enviable Western Section were built. Huge 6-over-6 windows, 11 ft. ceilings, and a dramatic 3 story staircase further the sense of grandeur and, after nearly 2 centuries, still present the perfect venue for elegant entertaining. The front-to-back foyer opens to the living room with marble mantle, window bay and French doors to a glorious sunroom, as well as the family room with built-ins and a fireplace of its own. Still another fireplace warms the dining room and all these spaces flow out to the sprawling porch. The butler's pantry leads to the spacious kitchen and breakfast room with doors handy to both the garage and the tiered backyard with pool. Nearby is a handy back staircase and laundry area. Formal and informal powder rooms serve the first floor, while 2 large bathrooms above serve 4 bedrooms, a study with fireplace and an open sitting room. The third floor has an additional full bath outside 2 more bedrooms and a storage room. Celebrate the beauty of the past, as you usher this fine home into the future.

Last Agent to Sell the Property

Barbara Blackwell

Callaway Henderson Sotheby's Int'l-Princeton License #8531203 Listed on: 07/18/2014

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Judith Erdman

Callaway Henderson Sotheby's Int'l-Princeton License #561619

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,544

Year Built

  • Built in 1820

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 100x223
  • Back Yard
  • Property is in good condition
  • Property is zoned R1

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Pitched Roof
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Ceiling height of 9 feet or more
  • Marble Fireplace
  • Brick Fireplace
  • Gas Fireplace
  • Bay Window
  • Family Room
  • Living Room
  • Dining Room
  • Attic

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • In Ground Pool
  • Deck
  • Porch

Schools

  • Community Park Elementary School
  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Western Subdivision

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 14-00006 01-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,544

Year Built

Built in 1820

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: All Appliances As Is, Fireplaces As Is, Pool And Pool Equipment As Is
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1820
  • Remarks Public: A broad wraparound mahogany porch detailed with Corinthian columns and an elegant balustrade sets the scene for this Colonial-era home. One can almost imagine the delight that the original Lady of the House must have felt as her horse and carriage first arrived in 1820, long before most of the other homes in Princeton's enviable Western Section were built. Huge 6-over-6 windows, 11 ft. ceilings, and a dramatic 3 story staircase further the sense of grandeur and, after nearly 2 centuries, still present the perfect venue for elegant entertaining. The front-to-back foyer opens to the living room with marble mantle, window bay and French doors to a glorious sunroom, as well as the family room with built-ins and a fireplace of its own. Still another fireplace warms the dining room and all these spaces flow out to the sprawling porch. The butler's pantry leads to the spacious kitchen and breakfast room with doors handy to both the garage and the tiered backyard with pool. Nearby is a handy back staircase and laundry area. Formal and informal powder rooms serve the first floor, while 2 large bathrooms above serve 4 bedrooms, a study with fireplace and an open sitting room. The third floor has an additional full bath outside 2 more bedrooms and a storage room. Celebrate the beauty of the past, as you usher this fine home into the future.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Dishwasher
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Primary Bath(s), Dining Area
  • Window Features: Bay/Bow
  • Fireplace Features: Brick, Marble, Gas/Propane
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Levels Count: 3+
  • Room Count: 13
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Main Floor
  • Street Number Modifier: 42

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 2

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Pool Features: In Ground
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Improvement Assessed Value: 1041800.00
  • Land Assessed Value: 768000.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.51
  • Lot Dimensions: 100X223
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22300.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2138463
  • Tax Annual Amount: 39544.00
  • Assessor Parcel Number: 14-00006 01-00005
  • Tax Lot: 00005
  • Tax Year: 2014
  • Close Date: 04/14/2015

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2014
Closed on
Apr 14, 2015
Sold by
Stevenson Vance P and Stevenson Vance P
Bought by
Kornhauser Alain L
Seller's Agent
Barbara Blackwell
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Judith Erdman
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,850,000
Sold Price
$1,500,000
Premium/Discount to List
-$350,000
-18.92%
Current Estimated Value
$2,683,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,183,978
Avg. Annual Appreciation
5.55%
Original Mortgage
$700,000
Interest Rate
2.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2014
Sold by
Stevenson Vance P
Bought by
Tara E Stevenson Irrevocable Trust and Stevenson Vance P

Purchase Details

Closed on
May 22, 2003
Sold by
Stevenson Tara Elizabeth
Bought by
Tara E Stevenson Revoca Trust and Stevenson Vance P

Purchase Details

Closed on
Jul 15, 1997
Sold by
Stevenson Philip
Bought by
Stevenson Mary Lou

Purchase Details

Closed on
Jan 2, 1996
Sold by
Stevenson Philip
Bought by
Stevenson Marylou
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
Kornhauser Alain L $1,500,000 Attorney
Tara E Stevenson Irrevocable Trust -- None Available
Tara E Stevenson Revoca Trust -- --
Stevenson Mary Lou $77,500 --
Stevenson Marylou $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kornhauser Alain L $700,000
Closed Tara E Stevenson Revoca Trust $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2015 04/14/15 Sold $1,500,000 -11.5% --
04/02/2015 04/02/15 Price Changed $1,695,000 0.0% --
04/01/2015 04/01/15 Pending -- -- --
02/13/2015 02/13/15 Pending -- -- --
11/04/2014 11/04/14 Price Changed $1,695,000 -8.4% --
07/18/2014 07/18/14 For Sale $1,850,000 -- --
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 $40,262 $1,511,900 $771,000 $740,900
2024 $38,009 $1,511,900 $771,000 $740,900
2023 $38,009 $1,511,900 $771,000 $740,900
2022 $36,769 $1,511,900 $771,000 $740,900
2021 $36,875 $1,511,900 $771,000 $740,900
2020 $36,588 $1,511,900 $771,000 $740,900
2019 $35,862 $1,511,900 $771,000 $740,900
2018 $35,258 $1,511,900 $771,000 $740,900
2017 $34,482 $1,499,200 $771,000 $728,200
2016 $35,167 $1,553,300 $768,000 $785,300
2015 $40,033 $1,809,800 $768,000 $1,041,800
2014 $39,544 $1,809,800 $768,000 $1,041,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003017368

Bright MLS

APN: 14-00006-01-00005