NOT LISTED FOR SALE

437 Drakes Corner Rd Princeton, NJ 08540

Estimated Value: $2,510,563 - $2,605,000

5 Beds
5.5 Baths
-- Sq Ft
0.89 Acres

Last Sold June 12, 2013

Last sale price $1,500,000

Est. 70% increase in value since last sale

Current estimated payment $17,203/month

398 Days on Market

Highlights

  • Newly Remodeled
  • Colonial Architecture
  • Marble Flooring
  • Johnson Park School Rated A+
  • Wooded Lot
  • Cathedral Ceiling

About This Home

As of June 2013

A once in a lifetime opportunity to acquire new construction on one of Princeton's most picturesque roads presents itself with this masterfully-finished residence. No detail was spared when constructing this beauty - the builder took every amenity into consideration. From state-of-the-art mechanicals to radiant heated bathroom floors, this home has it all! Both an elevator and a forged iron staircase will transport you through three architecturally-exquisite levels. Main floor highlights include a state-of-the-art kitchen with separate butler's pantry near a grand dining hall that spills into a fireside living room. Both breakfast parlor and family room access the backyard. Bedroom accommodations include a first floor in-law suite for long-term guests. Princess and Jack and Jill suites join a five star master upstairs which, with a covered balcony and rain shower bathroom, is a luxurious retreat. The basement is designed for exercise and home theater usage. A library provides work from home options.

Last Agent to Sell the Property

Cynthia Weshnak

Callaway Henderson Sotheby's Int'l-Princeton License #9486585 Listed on: 04/30/2012

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

EVELYN MOHR

Coldwell Banker Residential Brokerage - Princeton License #TREND:MMOHREVE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,073

Year Built

  • Built in 2012 | Newly Remodeled

Lot Details

  • 0.89 Acre Lot
  • Sprinkler System
  • Wooded Lot
  • Property is zoned RA

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Elevator
  • Cathedral Ceiling
  • 2 Fireplaces
  • Family Room
  • Living Room
  • Dining Room
  • Home Security System
  • Laundry on upper level

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Built-In Range
  • Kitchen Island

Flooring

  • Wood
  • Marble
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • In-Law or Guest Suite

Finished Basement

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

Outdoor Features

  • Patio

Schools

  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00020 01
  • Assessor Parcel Number 14-00102-00020 01

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,073

Year Built

Built in 2012 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2012
  • Remarks Public: A once in a lifetime opportunity to acquire new construction on one of Princeton's most picturesque roads presents itself with this masterfully-finished residence. No detail was spared when constructing this beauty - the builder took every amenity into consideration. From state-of-the-art mechanicals to radiant heated bathroom floors, this home has it all! Both an elevator and a forged iron staircase will transport you through three architecturally-exquisite levels. Main floor highlights include a state-of-the-art kitchen with separate butler's pantry near a grand dining hall that spills into a fireside living room. Both breakfast parlor and family room access the backyard. Bedroom accommodations include a first floor in-law suite for long-term guests. Princess and Jack and Jill suites join a five star master upstairs which, with a covered balcony and rain shower bathroom, is a luxurious retreat. The basement is designed for exercise and home theater usage. A library provides work from home options.
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Built-In Range, Oven - Wall
  • Flooring Type: Wood, Tile/Brick, Marble
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Sprinkler System, Elevator, Dining Area
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room Count: 12
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, In-Law/AuPair/Suite
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Outside Entrance
  • Laundry Type: Upper Floor
  • Street Number Modifier: 437

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Stone
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • High School: PRINCETON
  • School District Key: 300200396175
  • High School: PRINCETON

Lot Info

  • Lot Features: Trees/Wooded
  • Lot Size Acres: 0.89
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 38768.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: RA

Green Features

  • R Factor Ceilings: 38
  • R Factor Ext Walls: R21

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2141066
  • Assessor Parcel Number: 14-00102-00020 01
  • Tax Lot: 00020 01
  • Tax Year: 2011
  • Close Date: 06/12/2013

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2012
Closed on
Jun 12, 2013
Sold by
G S Realty Corp
Bought by
Singhal Shalabh and Srivastava Shivani
Seller's Agent
Cynthia Weshnak
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
EVELYN MOHR
Coldwell Banker Residential Brokerage - Princeton
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Current Estimated Value
$2,549,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,049,521
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,200,000
Outstanding Balance
$854,985
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$1,694,536

Purchase Details

Closed on
Sep 28, 2011
Sold by
437 Drakes Corner Road Llc
Bought by
G S Realty Corp

Purchase Details

Closed on
Aug 7, 2003
Sold by
Thompson W Bryce V
Bought by
Great Locations

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.22%

Purchase Details

Closed on
Nov 30, 2000
Sold by
Scherer Jack
Bought by
Thompson Realty Co
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
Singhal Shalabh $1,500,000 First American Title Ins Co
G S Realty Corp $744,642 None Available
Great Locations -- --
Thompson Realty Co $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singhal Shalabh $1,200,000
Previous Owner Great Locations $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2013 06/12/13 Sold $1,500,000 -3.2% --
06/02/2013 06/02/13 Pending -- -- --
04/19/2013 04/19/13 Price Changed $1,549,000 -2.9% --
01/31/2013 01/31/13 Price Changed $1,595,000 -5.9% --
12/31/2012 12/31/12 For Sale $1,695,000 +13.0% --
12/31/2012 12/31/12 Off Market $1,500,000 -- --
10/07/2012 10/07/12 Price Changed $1,695,000 -3.1% --
08/07/2012 08/07/12 Price Changed $1,749,000 -7.7% --
04/30/2012 04/30/12 For Sale $1,895,000 -- --
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 $40,073 $1,479,200 $494,000 $985,200
2024 $37,831 $1,504,800 $539,000 $965,800
2023 $37,831 $1,504,800 $539,000 $965,800
2022 $36,597 $1,504,800 $539,000 $965,800
2021 $36,702 $1,504,800 $539,000 $965,800
2020 $36,416 $1,504,800 $539,000 $965,800
2019 $35,694 $1,504,800 $539,000 $965,800
2018 $35,092 $1,504,800 $539,000 $965,800
2017 $34,610 $1,504,800 $539,000 $965,800
2016 $34,069 $1,504,800 $539,000 $965,800
2015 $33,286 $1,504,800 $539,000 $965,800
2014 $32,880 $1,504,800 $539,000 $965,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003946328

Bright MLS

APN: 14-00102-0000-00020-01