Seller's Agent in 2023
Michelle Needham
BHHS Fox & Roach
(609) 839-6738
10 in this area
59 Total Sales
48 Nassau St Unit F Princeton, NJ 08542
Estimated Value: $337,000 - $456,000
--
Bed
1
Bath
265
Sq Ft
$258/mo
HOA Fee
Highlights
- Colonial Architecture
- Wood Flooring
- Bathtub with Shower
- Community Park Elementary School Rated A+
- Intercom
- Patio
About This Home
As of March 2023Are you looking for an attractive investment property with a tenant already in place? How about one that consistently commands a high rent and low vacancy rate. Then this charming studio in Historical Palmer Square overlooking Princeton University is the one for you! Your tenants-sipping their morning coffee at the unit's Nassau Street facing windows, will enjoy eavesdropping on the bustling local street chatter below. It's an easy stroll to upscale shopping including, Ralph Lauren, Zoe, Rouge, and Barbour, in addition to McCarter Theatre, and a multitude of delectable dining options & the train station. Fresh colored walls & gleaming hardwood floors grace this lovely condo which is accented with a decorative brick fireplace with electric heating insert flanked by bookshelves. Note: Palmer Square recently had all fireplaces sealed up but your tenants, when coming in from the cold, will be one of the few enjoying the 5,000 BTU Napoleon brand electric fireplace insert with 3 flame colors, 7 ember bed colors, flame speed & brightness.
An updated pullman kitchen features cherry cabinetry, granite counter top and stainless steel refrigerator, range and microwave. A full bath with shower/tub and original black & white tile flooring plus two closets (this is a plus) complete the studio. Retreat to the private courtyard for some relaxation with water fountain, wrought iron patio furniture & flowering urns. There is an underground catacomb-like passageway which leads to a clean & bright common laundry room. Several parking garages nearby provide monthly access for those with a car. Enjoy In Town Living at it's Best! Tenant Occupied thru May 2023
Last Agent to Sell the Property
(609) 839-6738 michelle.needham@foxroach.com BHHS Fox & Roach - Princeton Listed on: 11/10/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,726
Year Built
- Built in 1932
Lot Details
- Property is in good condition
HOA Fees
- $258 Monthly HOA Fees
Home Design
- Colonial Architecture
- Entry on the 3rd floor
- Studio
- Brick Exterior Construction
Interior Spaces
- 265 Sq Ft Home
- Property has 1 Level
- Non-Functioning Fireplace
- Self Contained Fireplace Unit Or Insert
- Electric Fireplace
- Entrance Foyer
- Living Room
- Laundry in Basement
- Intercom
- Cooktop with Range Hood
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- 1 Full Bathroom
- Bathtub with Shower
Parking
- Parking Lot
- Off-Site Parking
- Parking Fee
Outdoor Features
- Patio
- Exterior Lighting
Schools
- Community Park Elementary School
- J Witherspoon Middle School
- Princeton High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Radiator
- Hot Water Heating System
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 14-00020 08-00048 06-C48F
Community Details
Overview
- $516 Capital Contribution Fee
- Association fees include heat, water, trash, exterior building maintenance
- Palmer Square Mgt HOA
- Low-Rise Condominium
- Palmer Square Subdivision
Amenities
- Common Area
- Laundry Facilities
Pet Policy
- Pets Allowed
Security
- Fire Escape
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2022
Closed on
Mar 1, 2023
Sold by
Chen John J
Bought by
Cline Investment 2 Llc
Seller's Agent
Michelle Needham
BHHS Fox & Roach - Princeton
Buyer's Agent
Kevin Kerins
Smires & Associates
List Price
$340,000
Sold Price
$340,000
Views
255
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,539
Avg. Annual Appreciation
5.58%
Purchase Details
Closed on
Apr 27, 2005
Sold by
Pierrepont Seth
Bought by
Chen John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.05%
Purchase Details
Closed on
Jun 26, 2001
Sold by
Nordeman Jacques
Bought by
Pierrepont Seth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.21%
Purchase Details
Closed on
Aug 26, 1999
Sold by
Schafroth Richard
Bought by
Nordeman Jacques
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cline Investment 2 Llc | $340,000 | Foundation Title | |
| Chen John | $235,000 | -- | |
| Pierrepont Seth | $126,006 | -- | |
| Nordeman Jacques | $88,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chen John | $192,000 | |
| Previous Owner | Pierrepont Seth | $94,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/08/2023 03/08/23 | Sold | $340,000 | 0.0% | $1,283 / Sq Ft |
| 02/09/2023 02/09/23 | Pending | -- | -- | -- |
| 11/10/2022 11/10/22 | For Sale | $340,000 | 0.0% | $1,283 / Sq Ft |
| 05/28/2022 05/28/22 | Rented | $1,900 | 0.0% | -- |
| 05/25/2022 05/25/22 | Under Contract | -- | -- | -- |
| 05/07/2022 05/07/22 | For Rent | $1,900 | +5.6% | -- |
| 05/15/2021 05/15/21 | Rented | $1,800 | 0.0% | -- |
| 04/27/2021 04/27/21 | Under Contract | -- | -- | -- |
| 04/06/2021 04/06/21 | For Rent | $1,800 | -5.0% | -- |
| 09/01/2019 09/01/19 | Rented | $1,895 | 0.0% | -- |
| 07/31/2019 07/31/19 | For Rent | $1,895 | 0.0% | -- |
| 09/01/2018 09/01/18 | Rented | $1,895 | 0.0% | -- |
| 08/30/2018 08/30/18 | Under Contract | -- | -- | -- |
| 06/12/2018 06/12/18 | For Rent | $1,895 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,253 | $234,800 | $175,000 | $59,800 |
| 2024 | $5,903 | $234,800 | $175,000 | $59,800 |
| 2023 | $5,903 | $234,800 | $175,000 | $59,800 |
| 2022 | $5,710 | $234,800 | $175,000 | $59,800 |
| 2021 | $5,727 | $234,800 | $175,000 | $59,800 |
| 2020 | $5,682 | $234,800 | $175,000 | $59,800 |
| 2019 | $5,569 | $234,800 | $175,000 | $59,800 |
| 2018 | $5,476 | $234,800 | $175,000 | $59,800 |
| 2017 | $5,400 | $234,800 | $175,000 | $59,800 |
| 2016 | $5,316 | $234,800 | $175,000 | $59,800 |
| 2015 | $5,194 | $234,800 | $175,000 | $59,800 |
| 2014 | $4,475 | $204,800 | $145,000 | $59,800 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Needham
-
Kevin Kerins
Buyer's Agent in 2023
Kevin Kerins
Smires & Associates
(609) 903-8131
1 in this area
91 Total Sales
-
Elizabeth Lies
Buyer's Agent in 2022
Elizabeth Lies
BHHS Fox & Roach
(609) 915-8080
8 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2024414
APN: 14-00020-08-00048-06-C48F
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