487 Prospect Ave Princeton, NJ 08540
Estimated Value: $2,371,000 - $4,007,000
5
Beds
2.5
Baths
2,656
Sq Ft
$1,324/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Living Room
- Riverside Elementary School Rated A
- 2 Car Attached Garage
- Forced Air Heating and Cooling System
About This Home
As of April 2021LOCATION is everything! Gorgeous level lot in Riverside provides the perfect foil for your dream house! Princeton University, Riverside School, the bus to Manhattan, and Lake Carnegie are a stone's throw away, as is Uptown Princeton, itself. Don't miss this rare opportunity to have it all! This is an "As Is" sale. Highest and Best offers due 9:00 am Thursday March 18th.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,919
Year Built
- Built in 1960
Lot Details
- 0.53 Acre Lot
- Level Lot
- Property is in below average condition
- Property is zoned R5
Parking
- 2 Car Attached Garage
- Side Facing Garage
Home Design
- Colonial Architecture
- Frame Construction
Interior Spaces
- 2,656 Sq Ft Home
- Property has 2 Levels
- Family Room
- Living Room
- Dining Room
- Laundry on main level
- Unfinished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
Schools
- Riverside Elementary School
- John Witherspoon Middle School
- Princeton High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- Riverside Subdivision
Listing and Financial Details
- Tax Lot 00014
- Assessor Parcel Number 14-07805-00014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 11, 2025
Sold by
Matar-Grandi Marcos A and Matar-Grandi Vivian Davis
Bought by
Devico Joseph G and Sigu Veronique
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,856,000
Outstanding Balance
$2,806,101
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$709,601
Purchase Details
Listed on
Mar 16, 2021
Closed on
Apr 16, 2021
Sold by
Perlman Stuart S
Bought by
Matar Grandi Marcos A and Matar Grandi Vivian
Seller's Agent
Robin Wallack
BHHS Fox & Roach - Princeton
Buyer's Agent
Alana Lutkowski
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$800,000
Sold Price
$957,000
Premium/Discount to List
$157,000
19.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.56%
Original Mortgage
$860,000
Interest Rate
2.63%
Mortgage Type
New Conventional
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
Similar Homes in Princeton, NJ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Devico Joseph G | $3,850,000 | Westcor Land Title | |
| Devico Joseph G | $3,850,000 | Westcor Land Title | |
| Matar Grandi Marcos A | $957,000 | Weathervane Abstract & Setmn | |
| Matar-Grandi Marcos A | $957,000 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Devico Joseph G | $2,856,000 | |
| Closed | Devico Joseph G | $2,856,000 | |
| Previous Owner | Matar-Grandi Marcos A | $1,440,000 | |
| Previous Owner | Grandi Marcos A Matar | $860,000 | |
| Previous Owner | Matar-Grandi Marcos A | $860,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2021 04/30/21 | Sold | $957,000 | +19.6% | $360 / Sq Ft |
| 03/18/2021 03/18/21 | Pending | -- | -- | -- |
| 03/16/2021 03/16/21 | For Sale | $800,000 | -- | $301 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $41,142 | $1,658,100 | $553,000 | $1,105,100 |
| 2023 | $41,142 | $1,636,500 | $553,000 | $1,083,500 |
| 2022 | $13,449 | $553,000 | $553,000 | $0 |
| 2021 | $20,075 | $823,100 | $553,000 | $270,100 |
| 2020 | $19,919 | $823,100 | $553,000 | $270,100 |
| 2019 | $19,524 | $823,100 | $553,000 | $270,100 |
| 2018 | $19,195 | $823,100 | $553,000 | $270,100 |
| 2017 | $18,931 | $823,100 | $553,000 | $270,100 |
| 2016 | $18,635 | $823,100 | $553,000 | $270,100 |
| 2015 | $16,816 | $760,200 | $503,000 | $257,200 |
| 2014 | $16,610 | $760,200 | $503,000 | $257,200 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Wallack
Seller's Agent in 2021
Robin Wallack
BHHS Fox & Roach
(609) 462-2340
34 in this area
109 Total Sales
-
Alana Lutkowski
Buyer's Agent in 2021
Alana Lutkowski
Callaway Henderson Sotheby's Int'l-Princeton
(908) 227-6269
7 in this area
78 Total Sales
Map
Source: Bright MLS
MLS Number: NJME308956
APN: 14-07805-0000-00014
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