NOT LISTED FOR SALE

5 Lafayette Way Cranbury, NJ 08512

Estimated Value: $972,220 - $1,199,000

3 Beds
2.5 Baths
3,401 Sq Ft
$308/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $900,000 $265 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,105/month

3 Days on Market

Highlights

  • Gourmet Kitchen
  • Pond View
  • Deck
  • The Cranbury School Rated A
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of October 2023

Exquisite newer townhome in desirable Gateway at Cranbury! Enjoy a spacious, light-filled open floor plan with 10 ft ceilings on the first floor, custom trim work, LED recessed lighting, and upgraded hardwood flooring throughout the home. The chef's kitchen boasts a quartz island, marble subway tile backsplash, and stainless steel appliances. Step onto the covered porch overlooking open space and serene pond views. Upstairs, the primary suite features 9ft ceilings, tray ceilings, a luxurious bath with dual sinks, rain head shower, and a deep soaker tub. Two more bedrooms, a loft space, and a bonus room on the third floor complete the layout. Smart Wi-Fi, SimpliSafe security, and Ring doorbell add convenience. Enjoy charming historic Main St Cranbury with shops and restaurants and close to highways, trains to NY. Top-rated Cranbury schools K-8 and zoned for Princeton High School.

Last Agent to Sell the Property

Debbie Lang

BHHS Fox & Roach - Princeton License #8633765 Listed on: 09/17/2023

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Kathleen Bonchev

Queenston Realty, LLC License #1328642

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,546

Year Built

  • Built in 2019

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $295 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,401 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Entrance Foyer
  • Combination Dining and Living Room
  • Den
  • Loft
  • Pond Views
  • Alarm System

Kitchen

  • Gourmet Kitchen
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Deck

Schools

  • Cranbury Elementary School
  • Cranbury Middle School
  • Princeton High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00020 24
  • Assessor Parcel Number 02-00020 16-00020 24

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, snow removal
  • Gateway At Cranbury Assoc HOA
  • Property Manager

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,546

Year Built

Built in 2019

Lot Details

0

HOA Fees

$295 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: small refrigerators in pantry and third floor, wine refrigerator, 2 arlo wireless cameras, electric fireplace on third floor
  • Inclusions: Washer, dryer, refrigerator in kitchen, window treatments and all light fixtures and ceiling fans as exist
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 2019
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dryer, Refrigerator, Washer
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Floor Plan - Open, Kitchen - Gourmet, Pantry, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Foundation Details: Slab
  • Levels Count: 3
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Laundry, Loft, Office, Primary Bathroom, Full Bath, Half Bath
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 3401
  • Living Area Sq Ft: 3401
  • Price Per Sq Ft: 260.22
  • Above Grade Finished Sq Ft: 3401
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 3
  • 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: Brick, Vinyl Siding
  • Roof: Asphalt
  • View: Pond
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 295.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal
  • HOA Name: GATEWAY AT CRANBURY ASSOC
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: CRANBURY TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: CRANBURY E.S.
  • Middle School: CRANBURY
  • High School: PRINCETON H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396184
  • School District Source: Listing Agent
  • Elementary School: CRANBURY E.S.
  • High School: PRINCETON H.S.
  • Middle Or Junior School: CRANBURY

Lot Info

  • Lot Features: Pond
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3484.80
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: PO/R

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 11546.00
  • Assessor Parcel Number: 02-00020 16-00020 24
  • Tax Lot: 00020 24
  • Tax Total Finished Sq Ft: 3105
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/30/2023

MLS Schools

  • School District Name: CRANBURY TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2023
Closed on
Oct 30, 2023
Sold by
Ligas Matthew and Ligas Erin
Bought by
Swarup Vuppuluri Mehar and Prasad Niti
Seller's Agent
Debbie Lang
BHHS Fox & Roach - Princeton
Buyer's Agent
Kathleen Bonchev
Queenston Realty, LLC
List Price
$885,000
Sold Price
$900,000
Premium/Discount to List
$15,000
1.69%
Views
81
Current Estimated Value
$1,048,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,055
Avg. Annual Appreciation
7.06%
Original Mortgage
$675,000
Outstanding Balance
$665,494
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$340,989

Purchase Details

Listed on
Mar 10, 2022
Closed on
May 19, 2022
Sold by
Ming Mai Xiao and Ming Jennifer
Bought by
Ligas Matthew and Ligas Erin
Seller's Agent
Kathy Froelich
Redfin
Buyer's Agent
Debbie Lang
BHHS Fox & Roach - Princeton
List Price
$849,999
Sold Price
$880,000
Premium/Discount to List
$30,001
3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%

Purchase Details

Closed on
Sep 13, 2019
Sold by
Fleet Cranbury Llc
Bought by
Mai Xiao Ming and Foung Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Swarup Vuppuluri Mehar $900,000 Sunnyside Title
Ligas Matthew $880,000 Wu Changi
Mai Xiao Ming $688,000 Group 21 Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swarup Vuppuluri Mehar $675,000
Previous Owner Mai Xiao Ming $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $900,000 +1.7% $265 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/17/2023 09/17/23 For Sale $885,000 +0.6% $260 / Sq Ft
05/26/2022 05/26/22 Sold $880,000 +3.5% $283 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $849,999 -- $274 / 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
2024 $11,651 $644,400 $85,000 $559,400
2023 $11,651 $644,400 $85,000 $559,400
2022 $11,483 $644,400 $85,000 $559,400
2021 $11,528 $644,400 $85,000 $559,400
2020 $11,470 $644,400 $85,000 $559,400
2019 $1,529 $85,000 $85,000 $0
2018 $949 $48,200 $48,200 $0
2017 $924 $48,200 $48,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJMX2005574

Bright MLS

APN: 02-00020-16-00020-24