503 Lake Dr Princeton, NJ 08540
Estimated Value: $2,562,000 - $4,234,000
7
Beds
7.5
Baths
11,100
Sq Ft
$316/Sq Ft
Est. Value
Highlights
- Lake Front
- Water Oriented
- 1.22 Acre Lot
- Riverside Elementary School Rated A
- Commercial Range
- Carriage House
About This Home
As of September 2014This nine year young custom built Craftsman style home is situated in a warm, friendly community in the Riverside section of town, along Lake Carnegie. It is one of a few lakefront properties larger than an acre, and has more than 150 feet of waterfront on the western shore of the lake. This home has year round amazing views from every window. The seven bedroom, seven and a half bath home, offers over 8000 square feet of living space. The Main House has three floors all easily accessible by elevator or custom staircase. The Carriage House includes a guest suite and a four car climate-controlled garage and is attached to the Main House with a glass covered pergola. The 1200 square foot wrap-around porch is a dream with timeless appeal. It's easy to imagine yourself relaxing there on a beautiful summer evening. The paver driveway and walkway welcome you to the front door, where upon entering, you have an unobstructed view of the lake. The backyard boasts a 2200 square foot bluestone patio with two seating areas, an Herb Garden, Rose Garden and a hidden Lakeside Patio, just feet from the water. Custom-milled, American Cherry wood is found throughout the house with 5" and 3" planked floors, as well as the window and wainscoting surrounds. The ceilings are 10' on the first floor, 9' on the second and up to 11' on the third. The high quality of the construction throughout the home is easily discernible. No detail was left undone. This is a very special, unique, custom designed and built home for the most discriminating buyer.
Last Agent to Sell the Property
BHHS Fox & Roach - Princeton License #1325484 Listed on: 04/06/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $63,365
Year Built
- Built in 2005
Lot Details
- 1.22 Acre Lot
- Lake Front
- Cul-De-Sac
- West Facing Home
- Corner Lot
- Level Lot
- Open Lot
- Sprinkler System
- Wooded Lot
- Back, Front, and Side Yard
- Property is in good condition
- Property is zoned R5
Parking
- 4 Car Direct Access Garage
- 3 Open Parking Spaces
- Garage Door Opener
- Driveway
- On-Street Parking
Home Design
- Carriage House
- Farmhouse Style Home
- Pitched Roof
- Shingle Roof
- Wood Siding
- Shingle Siding
- Stone Siding
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- Elevator
- Wet Bar
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Stone Fireplace
- Bay Window
- Family Room
- Living Room
- Dining Room
- Water Views
- Laundry on upper level
- Attic
Kitchen
- Butlers Pantry
- Built-In Self-Cleaning Double Oven
- Commercial Range
- Built-In Range
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Instant Hot Water
Flooring
- Wood
- Stone
- Marble
- Tile or Brick
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- In-Law or Guest Suite
- Walk-in Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Drainage System
Home Security
- Home Security System
- Fire Sprinkler System
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
- ENERGY STAR Qualified Equipment for Heating
Outdoor Features
- Water Oriented
- Property is near a lake
- Balcony
- Deck
- Patio
- Exterior Lighting
- Breezeway
- Porch
Schools
- Riverside Elementary School
- J Witherspoon Middle School
- Princeton High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Gas
- Geothermal Heating and Cooling
- Programmable Thermostat
- Underground Utilities
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 14-08801-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 6, 2014
Closed on
Sep 10, 2014
Sold by
Landis Jennifer and Pizi Anthony
Bought by
Li Kai and Kai Li Revocable Trust
Seller's Agent
Heidi Joseph
BHHS Fox & Roach - Princeton
Buyer's Agent
Ingela Kostenbader
Queenston Realty, LLC
List Price
$3,800,000
Sold Price
$3,216,162
Premium/Discount to List
-$583,838
-15.36%
Total Days on Market
149
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,771
Avg. Annual Appreciation
0.93%
Purchase Details
Closed on
Jan 7, 2013
Sold by
Suanam Partners Llc
Bought by
Landis Jennifer and Pizi Anthony
Similar Homes in Princeton, NJ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li Kai | $3,216,162 | Title Village Title Agency L | |
| Landis Jennifer | $802,566 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pizi Anthony | $1,820,000 | |
| Previous Owner | Pizi Anthony | $860,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2014 09/10/14 | Sold | $3,216,162 | -15.4% | $290 / Sq Ft |
| 09/03/2014 09/03/14 | Price Changed | $3,800,000 | 0.0% | $342 / Sq Ft |
| 09/02/2014 09/02/14 | Pending | -- | -- | -- |
| 08/07/2014 08/07/14 | Pending | -- | -- | -- |
| 04/06/2014 04/06/14 | For Sale | $3,800,000 | -- | $342 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $72,096 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2023 | $72,096 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2022 | $69,745 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2021 | $69,946 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2020 | $69,401 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2019 | $68,024 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2018 | $66,877 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2017 | $65,959 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2016 | $64,927 | $2,867,800 | $1,328,000 | $1,539,800 |
| 2015 | $63,650 | $2,877,500 | $1,470,500 | $1,407,000 |
| 2014 | $63,365 | $2,900,000 | $1,493,000 | $1,407,000 |
Source: Public Records
Agents Affiliated with this Home
-
Heidi Joseph
Seller's Agent in 2014
Heidi Joseph
BHHS Fox & Roach
(609) 613-1663
4 in this area
41 Total Sales
-
Ingela Kostenbader
Buyer's Agent in 2014
Ingela Kostenbader
Queenston Realty, LLC
(609) 902-5302
119 in this area
288 Total Sales
Map
Source: Bright MLS
MLS Number: 1002869772
APN: 14-08801-0000-00001
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