NOT LISTED FOR SALE

521 Lake Dr Princeton, NJ 08540

Estimated Value: $3,227,000 - $3,701,000

6 Beds
5.5 Baths
-- Sq Ft
1 Acres

Last Sold July 12, 2024

Last sale price $3,200,000

Est. 6% increase in value since last sale

Current estimated payment $23,192/month

5 Days on Market

Highlights

  • 191 Feet of Waterfront
  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Riverside Elementary School Rated A
  • 1 Acre Lot
  • Dual Staircase

About This Home

As of July 2024

Pristine views across Lake Carnegie and direct access to the water make this stunning
Riverside home on a full acre positively irresistible. Fortunate residents have been so
enamored, in fact, that the property has changed hands only once! The current owners
greatly expanded the interior to create bright, functional spaces that maximize views.
Choose your favorite spot to watch birds and boats glide over the serene water: the
living room’s wide window seat or a bank of windows beside the breakfast table. Invite
friends to spectate as elite athletes prepare for world-class regattas. There’s room for all
on the Trex deck, the stone patio below and out on the lawn, gently easing down toward
the water. The home’s charming, nestled-in facade belies an airy interior with more
space than imaginable, including a multi-room lower level with a game room and a
fireplace. A gas fireplace provides easy ambiance in the open family room above.
Updates to the kitchen over the last several years include quartz countertops, new
appliances and new lighting. The nearby mudroom is more than ample and opens to an
absolutely spotless garage. The private areas of the first floor can be found down a
quiet corridor. A den and an office offer more lovely views and a guest suite is perfectly
suited for extended stays. The upper level was carefully planned so that separate pairs
of bedrooms each share a roomy bath and the primary suite is a three-room sanctuary.
The primary’s skylit sitting room opens to a dressing room for two and a bath with more
quartz countertops and a spa tub. There are still more secondary spaces to discover
and use as you please. A superb setting, abundant space and an overall warmth that’s
undeniably tasteful and timeless are a magical combination that won’t be found again!

Last Agent to Sell the Property

Maura Mills

Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 04/17/2024

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Josh Wilton

Queenston Realty, LLC License #AB068719

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,507

Year Built

  • Built in 1957 | Remodeled in 2000

Lot Details

  • 1 Acre Lot
  • 191 Feet of Waterfront
  • Partially Fenced Property
  • Stone Retaining Walls
  • Landscaped
  • Extensive Hardscape
  • Sprinkler System
  • Back, Front, and Side Yard
  • Property is zoned R5

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • 4 Fireplaces
  • Entrance Foyer
  • Family Room Off Kitchen
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Den
  • Library
  • Recreation Room
  • Game Room
  • Hobby Room
  • Storage Room
  • Utility Room
  • Water Views
  • Partially Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Room
  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Water Access
  • Property is near a lake
  • Deck
  • Patio
  • Exterior Lighting

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Hot Water Baseboard Heater
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Riverside Subdivision

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 14-08801-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,507

Year Built

Built in 1957 | Remodeled in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Washer, dryer. Contact Listing Agent for other exclusions.
  • Inclusions: Refrigerator
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-04-17
  • Year Built: 1957
  • Year Renovated: 2000
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Pristine views across Lake Carnegie and direct access to the water make this stunning Riverside home on a full acre positively irresistible. Fortunate residents have been so enamored, in fact, that the property has changed hands only once! The current owners greatly expanded the interior to create bright, functional spaces that maximize views. Choose your favorite spot to watch birds and boats glide over the serene water: the living room’s wide window seat or a bank of windows beside the breakfast table. Invite friends to spectate as elite athletes prepare for world-class regattas. There’s room for all on the Trex deck, the stone patio below and out on the lawn, gently easing down toward the water. The home’s charming, nestled-in façade belies an airy interior with more space than imaginable, including a multi-room lower level with a game room and a fireplace. A gas fireplace provides easy ambiance in the open family room above. Updates to the kitchen over the last several years include quartz countertops, new appliances and new lighting. The nearby mudroom is more than ample and opens to an absolutely spotless garage. The private areas of the first floor can be found down a quiet corridor. A den and an office offer more lovely views and a guest suite is perfectly suited for extended stays. The upper level was carefully planned so that separate pairs of bedrooms each share a roomy bath and the primary suite is a three-room sanctuary. The primary’s skylit sitting room opens to a dressing room for two and a bath with more quartz countertops and a spa tub. There are still more secondary spaces to discover and use as you please. A superb setting, abundant space and an overall warmth that’s undeniably tasteful and timeless are a magical combination that won’t be found again!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Water Heater - Tankless
  • Flooring Type: Wood, Partially Carpeted
  • Interior Amenities: Additional Stairway, Breakfast Area, Built-Ins, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Pantry, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors, Soaking Tub
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Library, Foyer, Breakfast Room, Laundry, Office, Recreation Room, Storage Room, Utility Room, Bedroom 6, Hobby Room, Primary Bathroom, Full Bath
  • Basement: Yes
  • Basement Type: Partially Finished, Walkout Level
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 521

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 3
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Stone Retaining Walls, Lawn Sprinkler
  • Roof: Asphalt
  • View: Water
  • Water Access: Yes
  • Water Body Name: Lake Carnegie
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 191

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Additional Storage Area, Garage - Side Entry, Inside Access, Garage Door Opener
  • 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, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Baseboard - Hot Water, Zoned
  • 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

Lot Info

  • Fencing: Partially
  • Lot Features: Front Yard, Landscaping, Rear Yard, Sideyard(s)
  • Lot Size Acres: 1.00
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 52507.00
  • Assessor Parcel Number: 14-08801-00003
  • Tax Lot: 00003
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/12/2024

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Jul 9, 2024
Sold by
Millar James J and Millar Kim H
Bought by
Goel Umesh
Seller's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Josh Wilton
Queenston Realty, LLC
List Price
$3,150,000
Sold Price
$3,200,000
Premium/Discount to List
$50,000
1.59%
Views
65
Current Estimated Value
$3,405,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,744
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Sep 19, 2007
Sold by
Millar James J and Millar Kim
Bought by
Millar James J and Millar Kim H

Purchase Details

Closed on
Nov 15, 1999
Sold by
Mcgilvra Allison
Bought by
Miller James and Miller Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.68%
Source: Public Records

Range of Values:

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Average Value
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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
Goel Umesh $3,200,000 First American Title
Millar James J -- --
Miller James $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller James $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $3,200,000 +1.6% --
04/17/2024 04/17/24 For Sale $3,150,000 -- --
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 $55,619 $2,088,600 $1,317,500 $771,100
2024 $52,507 $2,088,600 $1,317,500 $771,100
2023 $52,507 $2,088,600 $1,317,500 $771,100
2022 $50,941 $2,088,600 $1,317,500 $771,100
2021 $50,941 $2,088,600 $1,317,500 $771,100
2020 $50,544 $2,088,600 $1,317,500 $771,100
2019 $49,542 $2,088,600 $1,317,500 $771,100
2018 $48,706 $2,088,600 $1,317,500 $771,100
2017 $48,038 $2,088,600 $1,317,500 $771,100
2016 $47,286 $2,088,600 $1,317,500 $771,100
2015 $44,056 $1,991,700 $1,222,500 $769,200
2014 $43,519 $1,991,700 $1,222,500 $769,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2041594

Bright MLS

APN: 14-08801-0000-00003