NOT LISTED FOR SALE

545 Mercer Rd Princeton, NJ 08540

Estimated Value: $724,000 - $901,992

3 Beds
1.5 Baths
1,148 Sq Ft
$734/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $440,000 $383 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,418/month

Highlights

  • 1.26 Acre Lot
  • Colonial Architecture
  • Attic
  • Johnson Park School Rated A+
  • Wood Flooring
  • 2-minute walk to Princeton Battlefield State Park

About This Home

As of December 2016

Here is a unique opportunity to live in historic Clarke Cottage, circa 1725, in Princeton's Battlefield/Stony Brook Settlement Historic District, just steps to the Park (best place to fly a kite in town and participate in all its historic events) and so close to the heart of town for shopping and fine dining. Extensive documentation goes with this property, detailing its history from the beginning as part of the Benjamin Clarke farm until 1894, through purchase by Moses Taylor Pyne as part of the estate now known as Drumthwacket, the New Jersey Governor's Residence. Following the pattern typical of modest dwellings in colonial times when Princeton was founded, the core of the house consisted of one room with a fireplace for cooking and heat, with pie stairs up to the bedroom. Also typical, the house was added to in the late 1700s and updated through to the present, cherished and curated since 1993 by the late preservationist and historian Donald G. Warnock Jr. Today the house has all the charms of its history along with expected modern conveniences, a garage and 2 garden sheds. The entry foyer with sitting area and bay window leads to the main living room with fireplace. A step down is the dining room -- the original room -- with its oversized but at present decorative colonial fireplace, a perfect setting for an intimate candlelight dinner. The kitchen is modern, with hardwood floors and eating area, skylit for cheeriness and with a nearby powder room. Upstairs is the later addition main bedroom, second bedroom and full bath -- and up those pie stairs is the original bedroom, offering a special private space for a guest, a study or a playroom. There's a screened porch for summer enjoyment outside and the garden offers paths with stone benches for relaxing and appreciating nature. Sit and absorb the ambiance of times past in the place where General Washington turned the tide of our nascent Revolution. This is not just another home, this is a living treasure awaiting your passion and care for its heritage.

Last Agent to Sell the Property

LEWIS EDGE

ledge@weidel.com Corcoran Sawyer Smith Listed on: 10/24/2015

Last Buyer's Agent

Galina Peterson

(908) 227-9044 galina.peterson@foxroach.com BHHS Fox & Roach - Princeton License #1222472

BHHS Fox & Roach - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,362

Year Built

  • Built in 1725

Lot Details

  • 1.26 Acre Lot
  • Property is in good condition
  • Property is zoned R3

Parking

  • 1 Car Detached Garage
  • 2 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 1,148 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Bay Window
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 1.5 Bathrooms

Unfinished Basement

  • Partial Basement
  • Laundry in Basement

Outdoor Features

  • Shed
  • Porch

Schools

  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00017
  • Assessor Parcel Number 14-09901-00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,362

Year Built

Built in 1725

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Personal Property,Garden Ornaments
  • Inclusions: Refrigerator, Washer & Dryer, Stone Benches
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1725
  • Remarks Public: Here is a unique opportunity to live in historic Clarke Cottage, circa 1725, in Princeton's Battlefield/Stony Brook Settlement Historic District, just steps to the Park (best place to fly a kite in town and participate in all its historic events) and so close to the heart of town for shopping and fine dining. Extensive documentation goes with this property, detailing its history from the beginning as part of the Benjamin Clarke farm until 1894, through purchase by Moses Taylor Pyne as part of the estate now known as Drumthwacket, the New Jersey Governor's Residence. Following the pattern typical of modest dwellings in colonial times when Princeton was founded, the core of the house consisted of one room with a fireplace for cooking and heat, with pie stairs up to the bedroom. Also typical, the house was added to in the late 1700s and updated through to the present, cherished and curated since 1993 by the late preservationist and historian Donald G. Warnock Jr. Today the house has all the charms of its history along with expected modern conveniences, a garage and 2 garden sheds. The entry foyer with sitting area and bay window leads to the main living room with fireplace. A step down is the dining room -- the original room -- with its oversized but at present decorative colonial fireplace, a perfect setting for an intimate candlelight dinner. The kitchen is modern, with hardwood floors and eating area, skylit for cheeriness and with a nearby powder room. Upstairs is the later addition main bedroom, second bedroom and full bath -- and up those pie stairs is the original bedroom, offering a special private space for a guest, a study or a playroom. There's a screened porch for summer enjoyment outside and the garden offers paths with stone benches for relaxing and appreciating nature. Sit and absorb the ambiance of times past in the place where General Washington turned the tide of our nascent Revolution. This is not just another home, this is a living treasure awaiting your passion and care for its heritage.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Skylight(s), Ceiling Fan(s), Kitchen - Eat-In
  • Window Features: Bay/Bow
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 2
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Basement
  • Living Area Units: Square Feet
  • Total Sq Ft: 1148
  • Living Area Sq Ft: 1148
  • Net Sq Ft: 1148.00
  • Price Per Sq Ft: 405.05
  • Above Grade Finished Sq Ft: 1148
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 545

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Shed
  • Other Structures List: Shed
  • Construction Materials: Wood Siding
  • Access To Pool: No
  • Roof: Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • 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
  • High School: PRINCETON
  • School District Key: 300200396175
  • High School: PRINCETON

Lot Info

  • Improvement Assessed Value: 106700.00
  • Land Assessed Value: 351000.00
  • Lot Size Acres: 1.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 54929.00
  • Outdoor Living Structures: Porch(es)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2146375
  • Tax Annual Amount: 10362.00
  • Assessor Parcel Number: 14-09901-00017
  • Tax Lot: 00017
  • Tax Year: 2016
  • Close Date: 12/23/2016

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2015
Closed on
Dec 23, 2016
Sold by
Berube Megan E and Warnock Donald Glenn
Bought by
Guarnaccia Joseph
Seller's Agent
LEWIS EDGE
Corcoran Sawyer Smith
Buyer's Agent
Galina Peterson
BHHS Fox & Roach - Princeton
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Current Estimated Value
$842,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,748
Original Mortgage
$374,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 1993
Bought by
Warnock Donald Glen
Source: Public Records

Range of Values:

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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
Guarnaccia Joseph $440,000 None Available
Warnock Donald Glen $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guarnaccia Joseph $374,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2016 12/23/16 Sold $440,000 -5.4% $383 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
08/24/2016 08/24/16 Price Changed $465,000 -2.1% $405 / Sq Ft
10/24/2015 10/24/15 For Sale $475,000 -- $414 / 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 $11,395 $427,900 $313,500 $114,400
2024 $11,507 $427,900 $313,500 $114,400
2023 $11,507 $457,700 $351,000 $106,700
2022 $11,131 $457,700 $351,000 $106,700
2021 $11,163 $457,700 $351,000 $106,700
2020 $12,047 $497,800 $351,000 $146,800
2019 $9,512 $401,000 $351,000 $50,000
2018 $9,351 $401,000 $351,000 $50,000
2017 $10,527 $457,700 $351,000 $106,700
2016 $10,362 $457,700 $351,000 $106,700
2015 $10,124 $457,700 $351,000 $106,700
2014 $10,001 $457,700 $351,000 $106,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003333793

Bright MLS

APN: 14-09901-0000-00017