51 Grasmere Way Princeton, NJ 08540
Princeton West NeighborhoodEstimated Value: $1,861,000 - $2,661,000
4
Beds
4.5
Baths
--
Sq Ft
0.69
Acres
Highlights
- Spa
- Water Oriented
- Scenic Views
- Johnson Park School Rated A+
- Gourmet Kitchen
- Dual Staircase
About This Home
As of June 2021Located in a leafy enclave just off of Princeton's most picturesque winding road, close to a selection of renowned schools, sports fields and charming Pretty Brook Tennis Club, this all brick house has no shortage of space or style. Under a brand new roof, every room is airy and generous in scale beginning with the foyer, where custom iron balusters line the wide hardwood staircase. Ahead, the dining room has French doors to an amazing stone terrace running the length of the house, complete with a built-in spa. A handsomely detailed study crowned with a barrel vaulted ceiling was added off the living room offering a perfect work-from-home situation. In the well-planned kitchen, double sinks overlook a meadow alive with the sights and sounds of nature. A sunroom adjoining the two-story family room may be the most relaxing spot to savor the surroundings. The 4/5-bedroom floor plan offers ultimate flexibility with a main level suite, an exceptionally private suite atop the back stairs and a luxurious main suite with a marble-tiled bathroom. Even the finely finished basement is full of useful space.
Last Listed By
Callaway Henderson Sotheby's Int'l-Princeton License #8531203 Listed on: 01/24/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,700
Year Built
- Built in 1997
Lot Details
- 0.69 Acre Lot
- Backs To Open Common Area
- Landscaped
- Extensive Hardscape
- Sprinkler System
- Property is in very good condition
HOA Fees
- $156 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- 3 Driveway Spaces
- Side Facing Garage
- Garage Door Opener
- Brick Driveway
Property Views
- Pond
- Scenic Vista
Home Design
- Colonial Architecture
- Contemporary Architecture
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- Property has 2 Levels
- Traditional Floor Plan
- Central Vacuum
- Dual Staircase
- Built-In Features
- Chair Railings
- Crown Molding
- Wainscoting
- Wood Ceilings
- Two Story Ceilings
- Ceiling Fan
- Skylights
- Recessed Lighting
- 2 Fireplaces
- Fireplace With Glass Doors
- Marble Fireplace
- Fireplace Mantel
- Gas Fireplace
- Double Pane Windows
- Window Treatments
- Bay Window
- Transom Windows
- Double Door Entry
- French Doors
- Sliding Doors
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Den
- Library
- Game Room
- Home Security System
Kitchen
- Gourmet Kitchen
- Breakfast Room
- Built-In Double Oven
- Gas Oven or Range
- Six Burner Stove
- Down Draft Cooktop
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
Flooring
- Wood
- Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Whirlpool Bathtub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Washer
- Gas Dryer
Partially Finished Basement
- Heated Basement
- Partial Basement
- Interior Basement Entry
- Sump Pump
- Crawl Space
Outdoor Features
- Spa
- Water Oriented
- Property is near a pond
- Terrace
- Exterior Lighting
- Outdoor Grill
Location
- Suburban Location
Schools
- Johnson Park Elementary School
- John Witherspoon Middle School
- Princeton High School
Utilities
- Forced Air Zoned Cooling and Heating System
- Dehumidifier
- 200+ Amp Service
- Water Treatment System
- Natural Gas Water Heater
- Water Conditioner is Owned
- Municipal Trash
Listing and Financial Details
- Assessor Parcel Number 14-03501-00005 18
Community Details
Overview
- Association fees include common area maintenance
- Pond View Subdivision
Recreation
- Tennis Courts
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2021
Closed on
May 14, 2021
Sold by
Watts Colin F and Watts Auriel G
Bought by
Qin Zhihai and Chen Min
Seller's Agent
Barbara Blackwell
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Ziqi Li
Coldwell Banker Residential Brokerage - Princeton
List Price
$2,185,000
Sold Price
$2,050,000
Premium/Discount to List
-$135,000
-6.18%
Total Days on Market
53
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
$370,550
Avg. Annual Appreciation
5.40%
Original Mortgage
$1,640,000
Outstanding Balance
$1,492,821
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$1,036,117
Purchase Details
Closed on
Aug 17, 2005
Sold by
Clark Kenneth
Bought by
Watts Colin and Watts Auriel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,502,000
Interest Rate
5.81%
Purchase Details
Closed on
Aug 21, 1998
Sold by
Verage Thomas
Bought by
Clark Kenneth and Clark Susan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.9%
Purchase Details
Closed on
Jun 12, 1997
Sold by
Pond View Associates
Bought by
Verage Thomas and Verage Evelyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.86%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Princeton, NJ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qin Zhihai | $2,050,000 | Acres Land Title Agency Inc | |
| Watts Colin | $2,275,000 | -- | |
| Clark Kenneth | $1,155,000 | -- | |
| Verage Thomas | $850,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Qin Zhihai | $1,640,000 | |
| Previous Owner | Watts Colin F | $1,200,000 | |
| Previous Owner | Watts Colin F | $1,350,000 | |
| Previous Owner | Watts Colin | $1,502,000 | |
| Previous Owner | Clark Kenneth | $850,000 | |
| Previous Owner | Verage Thomas | $700,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/01/2021 06/01/21 | Sold | $2,050,000 | -6.2% | -- |
| 03/18/2021 03/18/21 | Pending | -- | -- | -- |
| 01/24/2021 01/24/21 | For Sale | $2,185,000 | -- | -- |
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 | $37,087 | $1,475,200 | $569,000 | $906,200 |
| 2023 | $37,087 | $1,475,200 | $569,000 | $906,200 |
| 2022 | $35,877 | $1,475,200 | $569,000 | $906,200 |
| 2021 | $35,980 | $1,475,200 | $569,000 | $906,200 |
| 2020 | $35,700 | $1,475,200 | $569,000 | $906,200 |
| 2019 | $34,992 | $1,475,200 | $569,000 | $906,200 |
| 2018 | $34,292 | $1,470,500 | $569,000 | $901,500 |
| 2017 | $33,822 | $1,470,500 | $569,000 | $901,500 |
| 2016 | $33,292 | $1,470,500 | $569,000 | $901,500 |
| 2015 | $32,527 | $1,470,500 | $569,000 | $901,500 |
| 2014 | $32,130 | $1,470,500 | $569,000 | $901,500 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Blackwell
Seller's Agent in 2021
Barbara Blackwell
Callaway Henderson Sotheby's Int'l-Princeton
(609) 915-5000
18 in this area
93 Total Sales
-
Ziqi Li
Buyer's Agent in 2021
Ziqi Li
Coldwell Banker Residential Brokerage - Princeton
(609) 802-1623
4 in this area
54 Total Sales
Map
Source: Bright MLS
MLS Number: NJME307078
APN: 14-03501-0000-00005-18
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