NOT LISTED FOR SALE

50 Governors Ln Princeton, NJ 08540

Estimated Value: $1,130,000 - $1,394,929

4 Beds
3.5 Baths
3,308 Sq Ft
$387/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $775,000 $234 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $9,349/month

376 Days on Market

Highlights

  • Gourmet Kitchen
  • Curved or Spiral Staircase
  • Wood Flooring
  • Littlebrook Elementary School Rated A+
  • Colonial Architecture
  • 2 Fireplaces

About This Home

As of August 2020

GREAT OPPORTUNITY! Look no further! DO NOT Let This One Slip Away! 50 Governors Lane offers the ultimate Princeton experience and lifestyle where you enjoy all that Princeton offers in the unique natural setting and comfort of a colonial estate.Enjoy the privacy, elegant distinction and peaceful location of this gorgeous Classic Georgian Colonial home located in the premier Governors Lane community. This beautiful townhouse is perfectly situated in the 20+ acres of this classically landscaped and carefully maintained grounds that offer open courtyards, walking paths, manicured lawns, gardens and mature trees. From the moment you open the door, you know that you are not simply in a elegant house, you are HOME. The warm neutral tones on the walls, the custom crown moldings, the marble floors in the foyer and baths, the hardwood floors throughout, and the beautiful granite countertops all contribute to the luxurious feel that this home exudes. The gourmet kitchen with JennAir stainless steel appliances, trash compactor, 5 burner gas stove, convection oven, microwave drawer and large Marvel beverage cooler makes preparing meals and making memories with family and friends a pure joy. The finished basement is perfect for young children to play, teens to hang with friends or the whole family to enjoy a home theater, fitness room or craft center. The Master suite is a perfect retreat to begin or end your day with a private sitting room with a cozy fireplace, custom bookshelves, his/hers bathrooms, large jet bathtub, washer/dryer and four large closets with ample storage. The two large bedrooms with extra large closets and shared full bath have great views of the beautiful courtyard and surrounding natural landscape. Governors Lane offers the perfect location for access to not only Downtown Princeton but to the Princeton Shopping Center that offers; McCaffery s, Yoga/Dance Studios, Sports Club, Ace Hardware, Bakery, Bon Appetite Gourmet Store, Pharmacy, popular restaurants, Grover Park and Playing Fields and much more. Just steps away from your private brick patio, enjoy hiking and biking in the the natural setting of the marked trails, brooks and meadows of the 142 acre Herrontown Woods Arboretum.

Last Agent to Sell the Property

Robert Lopez

Keller Williams Real Estate - Princeton License #681866 Listed on: 06/14/2019

Keller Williams Real Estate - Princeton

Last Buyer's Agent

Robert Lopez

Keller Williams Real Estate - Princeton License #681866 Listed on: 06/14/2019

Keller Williams Real Estate - Princeton

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,252

Year Built

  • Built in 1991

Lot Details

  • Property is in very good condition

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 1 Open Parking Space
  • Oversized Parking
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Georgian Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Curved or Spiral Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace Mantel
  • Double Pane Windows
  • Window Treatments
  • Bay Window
  • Entrance Foyer
  • Great Room
  • Living Room
  • Formal Dining Room
  • Finished Basement

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Built-In Range
  • Stove
  • Range Hood
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Wine Rack
  • Trash Compactor
  • Compactor

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Littlebrook Elementary School
  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00014 50
  • Assessor Parcel Number 14-05601-00014 50

Community Details

Overview

  • $6,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, snow removal, trash, management
  • $1,000 Other One-Time Fees
  • Governors Lane Condominium Association, Phone Number (609) 688-0004
  • Governors Lane Subdivision
  • Property Manager

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,252

Year Built

Built in 1991

Lot Details

0

HOA Fees

$825 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial, Georgian
  • Ownership: Condominium
  • Exclusions: Personal Property-light fixtures in Dining Roomand Kitchen will be replaced with new light fixtures; Washer & Dryer
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerator-all appliance built in
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2019-06-14
  • Federal Flood Zone: No
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Remarks Public: GREAT OPPORTUNITY! Look no further! DO NOT Let This One Slip Away! 50 Governors Lane offers the ultimate Princeton experience and lifestyle where you enjoy all that Princeton offers in the unique natural setting and comfort of a colonial estate.Enjoy the privacy, elegant distinction and peaceful location of this gorgeous Classic Georgian Colonial home located in the premier Governors Lane community. This beautiful townhouse is perfectly situated in the 20+ acres of this classically landscaped and carefully maintained grounds that offer open courtyards, walking paths, manicured lawns, gardens and mature trees. From the moment you open the door, you know that you are not simply in a elegant house, you are HOME. The warm neutral tones on the walls, the custom crown moldings, the marble floors in the foyer and baths, the hardwood floors throughout, and the beautiful granite countertops all contribute to the luxurious feel that this home exudes. The gourmet kitchen with JennAir stainless steel appliances, trash compactor, 5 burner gas stove, convection oven, microwave drawer and large Marvel beverage cooler makes preparing meals and making memories with family and friends a pure joy. The finished basement is perfect for young children to play, teens to hang with friends or the whole family to enjoy a home theater, fitness room or craft center. The Master suite is a perfect retreat to begin or end your day with a private sitting room with a cozy fireplace, custom bookshelves, his/hers bathrooms, large jet bathtub, washer/dryer and four large closets with ample storage. The two large bedrooms with extra large closets and shared full bath have great views of the beautiful courtyard and surrounding natural landscape. Governors Lane offers the perfect location for access to not only Downtown Princeton but to the Princeton Shopping Center that offers; McCaffery s, Yoga/Dance Studios, Sports Club, Ace Hardware, Bakery, Bon Appetite Gourmet Store, Pharmacy, popular restaurants, Grover Park and Playing Fields and much more. Just steps away from your private brick patio, enjoy hiking and biking in the the natural setting of the marked trails, brooks and meadows of the 142 acre Herrontown Woods Arboretum.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Compactor, Cooktop, Dishwasher, Energy Efficient Appliances, Exhaust Fan, Icemaker, Oven - Self Cleaning, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Trash Compactor
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Chair Railings, Crown Moldings, Curved Staircase, Dining Area, Formal/Separate Dining Room, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Skylight(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wine Storage, Wood Floors
  • Window Features: Bay/Bow, Double Pane, Energy Efficient
  • Fireplace Features: Mantel(s), Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Foyer, Great Room, Bathroom 1
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 3308
  • Living Area Sq Ft: 3308
  • Price Per Sq Ft: 288.98
  • Above Grade Finished Sq Ft: 2768
  • Below Grade Finished Sq Ft: 540
  • Total Below Grade Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Roof: Architectural Shingle
  • Spa: No
  • 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
  • Open Parking Spaces Count: 1
  • Garage Features: Garage - Rear Entry, Oversized
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached 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: 825.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Snow Removal, Trash, Management
  • HOA Name: GOVERNORS LANE CONDOMINIUM ASSOCIATION
  • HOA Phone: 609-688-0004
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 1000.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 6000.00

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: LITTLEBROOK 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: LITTLEBROOK E.S.
  • High School: PRINCETON H.S.
  • Middle Or Junior School: JOHN WITHERSPOON M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 421900.00
  • Land Assessed Value: 275000.00
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good, Very Good
  • Year Assessed: 2018
  • Zoning: OR2

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 2143225
  • Tax Annual Amount: 16252.00
  • Assessor Parcel Number: 14-05601-00014 50
  • Tax Lot: 00014 50
  • Tax Total Finished Sq Ft: 2768
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 08/07/2020

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 27, 2020
Sold by
Golden William B and Golden Kristen K
Bought by
Rackin William Robert and Yoder Richard Joseph
Seller's Agent
Robert Lopez
Keller Williams Real Estate - Princeton
Buyer's Agent
Robert Lopez
Keller Williams Real Estate - Princeton
List Price
$849,500
Sold Price
$775,000
Premium/Discount to List
-$74,500
-8.77%
Current Estimated Value
$1,281,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,232
Avg. Annual Appreciation
10.95%
Original Mortgage
$275,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2012
Closed on
Aug 6, 2012
Sold by
Sameth Julia and Dasgupta Julia
Bought by
Golden William B and Golden Kristen K
Seller's Agent
Alison Covello
BHHS Fox & Roach - Princeton
Buyer's Agent
Robert Lopez
Keller Williams Real Estate - Princeton
List Price
$765,000
Sold Price
$716,250
Premium/Discount to List
-$48,750
-6.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.99%

Purchase Details

Closed on
Jul 25, 2005
Sold by
Pine Rogelio
Bought by
Dasgupta Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
5.68%

Purchase Details

Closed on
May 23, 2000
Sold by
Pellettieri Ruth
Bought by
Pine Rogelio and Pine Teresa
Source: Public Records

Range of Values:

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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
Rackin William Robert $775,000 Foundation Title Llc
Golden William B $716,250 Title Village Title Agency L
Dasgupta Julia $785,000 --
Pine Rogelio $590,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rackin William Robert $275,000
Previous Owner Golden William B $350,000
Previous Owner Dasgupta Julia $417,000
Previous Owner Dasgupta Julia $628,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $775,000 -3.1% $234 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
03/16/2020 03/16/20 Price Changed $799,900 -4.7% $242 / Sq Ft
11/09/2019 11/09/19 Price Changed $839,750 -1.1% $254 / Sq Ft
06/14/2019 06/14/19 For Sale $849,500 +18.6% $257 / Sq Ft
08/06/2012 08/06/12 Sold $716,250 -1.9% --
07/17/2012 07/17/12 Pending -- -- --
06/05/2012 06/05/12 Price Changed $730,000 -4.6% --
03/20/2012 03/20/12 For Sale $765,000 -- --
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 $18,678 $701,400 $275,000 $426,400
2024 $17,633 $701,400 $275,000 $426,400
2023 $17,633 $701,400 $275,000 $426,400
2022 $16,949 $696,900 $275,000 $421,900
2021 $16,997 $696,900 $275,000 $421,900
2020 $16,865 $696,900 $275,000 $421,900
2019 $16,530 $696,900 $275,000 $421,900
2018 $16,252 $696,900 $275,000 $421,900
2017 $16,029 $696,900 $275,000 $421,900
2016 $15,778 $696,900 $275,000 $421,900
2015 $15,415 $696,900 $275,000 $421,900
2014 $15,774 $721,900 $300,000 $421,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME280292

Bright MLS

APN: 14-05601-0000-00014-50