$1,205,000
SOLD JUN 30, 2025

5 Masters Way Pennington, NJ 08534

4 Beds
3.5 Baths
2,889 Sq Ft
0.41 Acres

Recently Sold

$417 Per Sq Ft

17% Above List Price

4 Days on Market

Highlights

  • Private Pool
  • Transitional Architecture
  • 2 Fireplaces
  • Hopewell Valley Central High School Rated A
  • Wood Flooring
  • Mud Room

About This Home

As of June 2025

There’s not a thing you’ll need to change or update in this elegant yet endlessly livable home because the current homeowner did it all, including expanding the home’s footprint with spacious dining and family room additions.

The two-story entry filled with natural light provides a sweeping view of a living room with wainscot, a dining room spacious enough to welcome a large party, and an eat-in kitchen that is truly at the heart of the home with six points of egress from all directions.

Stainless-steel appliances include a double wall oven by Electrolux, five-burner gas cooktop, and refrigerator, while granite countertops provide a sophisticated finishing touch. Twin pantries and a multitude of drawers and pull outs accommodate an array of storage needs.

At the back of the home is the family room, where a soaring ceiling is accented with exposed rough-hewn beams, and a gas fireplace is trimmed with stone from floor to ceiling. Finishing the main level are a home office with wood-burning fireplace, a mud room entry off the attached two-car garage, and a powder room with pedestal sink.

A turned staircase leads to the second level, where the master suite enjoys a private bath done up in shades of black, gray and white, with a river stone floor in the glass shower and a soaking tub nearby. Twin vanities face each other, and a spacious walk-in closet completes this space. The remaining three bedrooms warm your feet with wall-to-wall carpeting, and share a hall bathroom fitted with twin vanity sinks and a tub/shower combo.

At the home’s lowest level, the basement delivers two finished sitting areas, a full bath with shower and pedestal sink, a laundry room with ample cabinet storage, and plenty of unfinished concealed storage. A door allows for easy access to the backyard.

High-touch details throughout this Mershon Chase home include gleaming hardwood floors, arched doorways, recessed lighting, and sliders leading from the dining and family rooms to the backyard, where a paver patio and in-ground pool with slide await the opportunity to fill warm-weather months with endless memories.

Outdoor enthusiasts will appreciate the home’s proximity to groomed paths, preserved open spaces and parks, and commuters will appreciate easy access to routes 295, 95 and 1, as well as the Hamilton and Princeton train stations.

Last Agent to Sell the Property

Susan Thompson

(609) 638-7700 sthompson@corcoranss.com Corcoran Sawyer Smith License #785606 Listed on: 04/11/2025

Last Buyer's Agent

Jean Rubin

(973) 903-6777 jean.rubin@cbmoves.com Coldwell Banker Residential Brokerage - Princeton

Coldwell Banker Residential Brokerage - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,582

Year Built

  • Built in 1997

Lot Details

  • 0.41 Acre Lot
  • Back Yard Fenced
  • Property is in excellent condition
  • Property is zoned R-5

HOA Fees

  • $44 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Transitional Architecture
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 2,889 Sq Ft Home
  • Property has 2 Levels
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Game Room
  • Basement
  • Laundry in Basement
  • Laundry Room

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Pool

  • Private Pool

Schools

  • Timberlane Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • Association fees include common area maintenance
  • Mershon Chase Subdivision

Listing and Financial Details

  • Tax Lot 00011 03
  • Assessor Parcel Number 06-00078 43-00011 03

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,582

Year Built

Built in 1997

Lot Details

0

HOA Fees

$44 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Transitional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 4/11/2025 12:00:00 AM
  • Year Built: 1997
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Partially Carpeted, Ceramic Tile
  • Fireplace Features: Wood, Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Study, Laundry, Mud Room, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Laundry Type: Basement
  • Total Sq Ft: 2889
  • Living Area Sq Ft: 2889
  • Price Per Sq Ft: 356.18
  • Above Grade Finished Sq Ft: 2889
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • 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: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front 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

Condo/Co-op/Association

  • HOA Fees: 132.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: Yes
  • Senior Community: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CENTRAL H.S.
  • Middle Or Junior School: TIMBERLANE M.S.

Lot Info

  • Fencing: Rear
  • Lot Size Acres: 0.41
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17860.00
  • Property Condition: Excellent
  • Zoning: R-5

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 19582.00
  • Assessor Parcel Number: 06-00078 43-00011 03
  • Tax Lot: 00011 03
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2013
Sold by
Sobel Bruce and Sobel Annette
Bought by
Sobel Bruce and Sobel Annette
Current Estimated Value
$1,159,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$99,677
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$1,059,869

Purchase Details

Closed on
May 8, 1997
Sold by
Nvr Homes
Bought by
Sobel Bruce and Annette Sobel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Interfamily Deed Transfer $50,000 None Available
Deed $233,225 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 New Conventional
Closed $210,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Sold $1,205,000 +17.1% $417 / Sq Ft
04/11/2025 04/11/25 For Sale $1,029,000 -- $356 / 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 $19,583 $620,300 $235,500 $384,800
2024 $18,474 $620,300 $235,500 $384,800
2023 $18,474 $604,500 $219,700 $384,800
2022 $18,093 $604,500 $219,700 $384,800
2021 $17,614 $575,800 $191,000 $384,800
2020 $17,188 $575,800 $191,000 $384,800
2019 $16,767 $575,800 $191,000 $384,800
2018 $16,456 $575,800 $191,000 $384,800
2017 $16,007 $575,800 $191,000 $384,800
2016 $15,132 $575,800 $191,000 $384,800
2015 $15,287 $575,800 $191,000 $384,800
2014 $14,971 $575,800 $191,000 $384,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2056766

Bright MLS

APN: 06-00078-43-00011-03