$364,000 - $460,000
RENTED AUG 12, 2025

49 Palmer Square W Unit I Princeton, NJ 08542

-- Bed
1 Bath
280 Sq Ft
1932 Built

Last Sold June 12, 2024

Last sale price $365,000 $1,304 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,573/month

Highlights

  • Wood Flooring
  • Great Room
  • Efficiency Studio
  • Community Park Elementary School Rated A+
  • No HOA
  • Built-In Features

About This Home

As of August 2025

Furnished rental at THE prime location in Palmer Square! Across the street from Princeton University! This highly sought-after third-floor studio apartment is perfect for students, professionals, and more. Featuring hardwood floors, a kitchenette, an updated bathroom, and a charming outdoor terrace with a reflecting pool for relaxation. Brand new high-end window A/C (July 2025). WIFI, heat and hot water are INCLUDED in the monthly rent. Convenient parking is available in a nearby garage for a monthly fee. Additional amenities include a storage bin and laundry facilities in the basement. Just steps away from Princeton University and surrounded by restaurants, theaters, libraries, and public transportation—endless opportunities await!

Last Agent to Rent the Property

Xiaoyi Wu

(609) 375-5677 charliew@gmail.com Queenston Realty, LLC License #1536520 Listed on: 07/23/2025

Last Renter's Agent

Xiaoyi Wu

(609) 375-5677 charliew@gmail.com Queenston Realty, LLC License #1536520 Listed on: 07/23/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,880

Year Built

  • Built in 1932

Parking

  • Off-Site Parking

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • 280 Sq Ft Home
  • Property has 1 Level
  • Built-In Features
  • Entrance Foyer
  • Great Room
  • Efficiency Studio
  • Gas Oven or Range

Flooring

  • Wood
  • Tile or Brick

Basement

  • Interior Basement Entry
  • Laundry in Basement

Utilities

  • Window Unit Cooling System
  • Radiator
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,750
  • Tenant pays for all utilities
  • The owner pays for real estate taxes, association fees
  • Rent includes furnished, heat, sewer, water
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 8/1/25
  • Assessor Parcel Number 14-00020 08-00049 09-C49I

Community Details

Overview

  • No Home Owners Association
  • Association fees include common area maintenance, gas, heat, management, sewer, trash, water
  • Low-Rise Condominium
  • Palmer Square Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,880

Year Built

Built in 1932

Lot Details

0

Rental Info

  • Date Available: 2025-08-01
  • Owner Pays: Taxes - Real Estate, Association Fees
  • Pets Allowed: No
  • Rent Includes: Furnished, Heat, Sewer, Water
  • Security Deposit: 3750.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Inclusions: All furniture
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1932
  • Automatically Close On Close Date: No
  • Remarks Public: Furnished rental at THE prime location in Palmer Square! Across the street from Princeton University! This highly sought-after third-floor studio apartment is perfect for students, professionals, and more. Featuring hardwood floors, a kitchenette, an updated bathroom, and a charming outdoor terrace with a reflecting pool for relaxation. Brand new high-end window A/C (July 2025). WIFI, heat and hot water are INCLUDED in the monthly rent. Convenient parking is available in a nearby garage for a monthly fee. Additional amenities include a storage bin and laundry facilities in the basement. Just steps away from Princeton University and surrounded by restaurants, theaters, libraries, and public transportation—endless opportunities await!
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Oven/Range - Gas
  • Entry Floor: 3
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Built-Ins, Efficiency
  • Fireplace: No
  • Levels Count: 1
  • Room List: Foyer, Great Room, Bathroom 1
  • Basement: Yes
  • Basement Type: Interior Access
  • Laundry Type: Basement
  • Total Sq Ft: 280
  • Living Area Sq Ft: 280
  • Price Per Sq Ft: 8.39
  • Above Grade Finished Sq Ft: 280
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 49

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Extra Storage, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Gas, Heat, Management, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • School District Key: 300200396175
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Zoning: RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 14-00020 08-00049 09-C49I
  • Close Date: 08/12/2025

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2024
Closed on
Jun 7, 2024
Sold by
Karmas Raivo and Karmas Trust
Bought by
Zhang Huirong
Seller's Agent
Xiaoyi Wu
Queenston Realty, LLC
Buyer's Agent
Xiaoyi Wu
Queenston Realty, LLC
Sold Price
$2,100
Views
12
Current Estimated Value
$394,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,938
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Mar 18, 2009
Sold by
Karmas Raivo
Bought by
Karl A Karmas Trust Of 2005

Purchase Details

Closed on
Feb 17, 2006
Sold by
Matheis Michael
Bought by
Karmas Raivo
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
Zhang Huirong $365,000 Title Authority
Zhang Huirong $365,000 Title Authority
Karl A Karmas Trust Of 2005 $224,000 None Available
Karmas Raivo $224,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2025 08/12/25 Rented $2,350 0.0% --
07/28/2025 07/28/25 Price Changed $2,350 -6.0% $8 / Sq Ft
07/23/2025 07/23/25 For Rent $2,500 +19.0% --
07/01/2024 07/01/24 Rented $2,100 0.0% --
06/16/2024 06/16/24 For Rent $2,100 0.0% --
06/12/2024 06/12/24 Sold $365,000 0.0% $1,304 / Sq Ft View Prior Sale
05/08/2024 05/08/24 Pending -- -- --
05/04/2024 05/04/24 For Sale $365,000 0.0% $1,304 / Sq Ft
08/04/2023 08/04/23 Rented $1,850 0.0% --
08/04/2023 08/04/23 Under Contract -- -- --
08/01/2023 08/01/23 For Rent $1,850 +5.7% --
04/01/2022 04/01/22 Rented $1,750 0.0% --
03/30/2022 03/30/22 Under Contract -- -- --
03/03/2022 03/03/22 For Rent $1,750 +1.4% --
05/20/2021 05/20/21 Rented $1,725 0.0% --
05/14/2021 05/14/21 Under Contract -- -- --
04/30/2021 04/30/21 For Rent $1,725 +7.8% --
12/29/2020 12/29/20 Rented $1,600 0.0% --
12/28/2020 12/28/20 Under Contract -- -- --
08/03/2020 08/03/20 Price Changed $1,600 -8.6% $6 / Sq Ft
07/08/2020 07/08/20 For Rent $1,750 +1.4% --
09/01/2018 09/01/18 Rented $1,725 -5.5% --
08/14/2018 08/14/18 Under Contract -- -- --
06/11/2018 06/11/18 For Rent $1,825 +5.8% --
08/01/2015 08/01/15 Rented $1,725 0.0% --
07/07/2015 07/07/15 Under Contract -- -- --
05/09/2015 05/09/15 For Rent $1,725 -- --
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 $5,880 $220,800 $168,000 $52,800
2024 $5,551 $220,800 $168,000 $52,800
2023 $5,551 $220,800 $168,000 $52,800
2022 $5,370 $220,800 $168,000 $52,800
2021 $5,385 $220,800 $168,000 $52,800
2020 $5,343 $220,800 $168,000 $52,800
2019 $5,237 $220,800 $168,000 $52,800
2018 $5,149 $220,800 $168,000 $52,800
2017 $5,078 $220,800 $168,000 $52,800
2016 $4,999 $220,800 $168,000 $52,800
2015 $4,884 $220,800 $168,000 $52,800
2014 $4,195 $192,000 $139,200 $52,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2063016

Bright MLS

APN: 14-00020-08-00049-09-C49I