NOT LISTED FOR SALE

487 Prospect Ave Princeton, NJ 08540

Estimated Value: $1,615,000 - $3,705,195

5 Beds
2.5 Baths
2,656 Sq Ft
$1,109/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $957,000 $360 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $19,299/month

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 2021

LOCATION 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.

Last Agent to Sell the Property

Robin Wallack

(609) 462-2340 robin.wallack@foxroach.com BHHS Fox & Roach - Princeton License #7941734 Listed on: 03/16/2021

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Alana Lutkowski

(908) 227-6269 alana@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #1329332

Callaway Henderson Sotheby's Int'l-Princeton

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,919

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: see listing agent
  • Inclusions: washer, dryer, refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-03-16
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Family Room
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2656
  • Living Area Sq Ft: 2656
  • Price Per Sq Ft: 301.20
  • Above Grade Finished Sq Ft: 2656
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 487

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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 - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: 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
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: RIVERSIDE E.S.
  • Middle School: JOHN WITHERSPOON M.S.
  • High School: PRINCETON H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396175
  • School District Source: Listing Agent
  • Elementary School: RIVERSIDE E.S.
  • High School: PRINCETON H.S.
  • Middle Or Junior School: JOHN WITHERSPOON M.S.

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.53
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23087.00
  • Property Condition: Below Average
  • Year Assessed: 2020
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 19919.00
  • Assessor Parcel Number: 14-07805-00014
  • Tax Lot: 00014
  • Tax Total Finished Sq Ft: 2656
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/30/2021

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

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
Current Estimated Value
$2,946,065

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
$2,755,329
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$190,736

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
28.97%
Original Mortgage
$860,000
Interest Rate
2.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
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 $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

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 $44,155 $1,658,100 $553,000 $1,105,100
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

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Map

Source: Bright MLS

MLS Number: NJME308956

Bright MLS

APN: 14-07805-0000-00014