NOT LISTED FOR SALE

51 Southern Way Princeton, NJ 08540

Estimated Value: $1,438,000 - $1,719,000

4 Beds
2.5 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold June 16, 2022

Last sale price $1,350,000

Est. 17% increase in value since last sale

Current estimated payment $10,289/month

Highlights

  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Deck
  • Riverside Elementary School Rated A
  • Colonial Architecture
  • Wood Flooring

About This Home

As of June 2022

A complete exterior upgrade brought the outside of this ideally located colonial up to the level of its beautifully bright interior, which was ingeniously expanded to include a family room that spans the entire width of the house. Sets of sliders welcome in abundant sunlight and invite use of the equally expansive deck. Spending time outdoors is always a relaxing experience thanks to the low-traffic nature of the one-way street, a rare oasis of quietude hugging the edge of Princeton University's campus. Along with a potentially bikeable commute, eco-friendly features include an EV charging station and energy-efficient windows throughout. Step inside through the tiled mudroom or through the foyer, where glowing hardwood floors begin. The kitchen, with Bosch and Electrolux appliances, has a modern, open feel with plenty of space and lovely views. You may choose to use an adjoining shelf-lined room as an office, breakfast area, homework zone or play space, depending on your changing needs. A full dining room and powder room complete the first floor. Upstairs, the main bedroom has a bath en-suite with a double floating vanity and striking, oversized tiles in the seamless glass shower. Admire the lush backyard from the cozy window seat. Three additional bedrooms share a hall bath. Such a special spot in the desirable Riverside neighborhood, just a short stroll from Nassau Street!

Last Agent to Sell the Property

Maura Mills

(609) 947-5757 mmills@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 04/28/2022

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Maura Mills

(609) 947-5757 mmills@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 04/28/2022

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,926

Year Built

  • Built in 1950

Lot Details

  • 8,276 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Open Lot
  • Back, Front, and Side Yard
  • Property is zoned R5

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Mud Room
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Den
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Built-In Double Oven
  • Cooktop with Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Deck
  • Exterior Lighting
  • Shed

Schools

  • Riverside Elementary School
  • Princeton Middle School
  • Princeton High School

Utilities

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

Community Details

  • No Home Owners Association
  • Riverside Subdivision

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 14-08702-00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,926

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, washer, dryer
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-04-28
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Remarks Public: A complete exterior upgrade brought the outside of this ideally located colonial up to the level of its beautifully bright interior, which was ingeniously expanded to include a family room that spans the entire width of the house. Sets of sliders welcome in abundant sunlight and invite use of the equally expansive deck. Spending time outdoors is always a relaxing experience thanks to the low-traffic nature of the one-way street, a rare oasis of quietude hugging the edge of Princeton University's campus. Along with a potentially bikeable commute, eco-friendly features include an EV charging station and energy-efficient windows throughout. Step inside through the tiled mudroom or through the foyer, where glowing hardwood floors begin. The kitchen, with Bosch and Electrolux appliances, has a modern, open feel with plenty of space and lovely views. You may choose to use an adjoining shelf-lined room as an office, breakfast area, homework zone or play space, depending on your changing needs. A full dining room and powder room complete the first floor. Upstairs, the main bedroom has a bath en-suite with a double floating vanity and striking, oversized tiles in the seamless glass shower. Admire the lush backyard from the cozy window seat. Three additional bedrooms share a hall bath. Such a special spot in the desirable Riverside neighborhood, just a short stroll from Nassau Street!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven - Double, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Breakfast Area, Built-Ins, Crown Moldings, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Energy Efficient
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Mud Room, Office, Primary Bathroom, Full Bath
  • Basement: Yes
  • Basement Type: Unfinished, Partial
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 51

Beds/Baths

  • Bedrooms: 4
  • 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
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

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

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: RIVERSIDE
  • Middle School: PRINCETON
  • High School: PRINCETON
  • 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: RIVERSIDE
  • High School: PRINCETON
  • Middle Or Junior School: PRINCETON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially
  • Lot Features: Front Yard, Landscaping, Level, Open, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.19
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8276.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2145641
  • Tax Annual Amount: 20926.00
  • Assessor Parcel Number: 14-08702-00013
  • Tax Lot: 00013
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/16/2022

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 13, 2022
Sold by
Robert Fair William and Robert Marie Aileen
Bought by
Fan Paul and Young Lai-Sang
Seller's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,200,000
Sold Price
$1,350,000
Premium/Discount to List
$150,000
12.5%
Current Estimated Value
$1,576,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,765
Avg. Annual Appreciation
4.83%

Purchase Details

Listed on
Jul 1, 2019
Closed on
Aug 29, 2019
Sold by
Higgins John A and Higgins Meytal B
Bought by
Fair William Robert and Fair Aileen Marie
Seller's Agent
Ingela Kostenbader
Queenston Realty, LLC
Buyer's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,025,000
Sold Price
$1,035,000
Premium/Discount to List
$10,000
0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.95%
Original Mortgage
$600,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2011
Sold by
Prenner Jonathan and Baumgold Rebecca
Bought by
Higgins John A and Higgins Meytal B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2004
Sold by
Schreiber Stephen
Bought by
Prenner Jonathan and Baumgold Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,600
Interest Rate
5.83%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Fan Paul $1,350,000 Chicago Title
Fair William Robert $1,035,000 Empire Ttl & Abstract Agcy I
Higgins John A $790,000 Weichert Title Agency
Prenner Jonathan $657,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fair William Robert $600,000
Previous Owner Higgins John A $620,000
Previous Owner Prenner Jonathan $525,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $1,350,000 +12.5% --
04/28/2022 04/28/22 For Sale $1,200,000 +15.9% --
08/30/2019 08/30/19 Sold $1,035,000 +1.0% $452 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $1,025,000 -- $447 / 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 $23,144 $869,100 $453,000 $416,100
2024 $21,849 $869,100 $453,000 $416,100
2023 $21,849 $869,100 $453,000 $416,100
2022 $20,867 $858,000 $453,000 $405,000
2021 $20,927 $858,000 $453,000 $405,000
2020 $16,308 $673,900 $428,000 $245,900
2019 $15,985 $673,900 $428,000 $245,900
2018 $15,715 $673,900 $428,000 $245,900
2017 $15,399 $669,500 $428,000 $241,500
2016 $15,157 $669,500 $428,000 $241,500
2015 $14,809 $669,500 $428,000 $241,500
2014 $14,211 $650,400 $428,000 $222,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2015642

Bright MLS

APN: 14-08702-0000-00013