545 Mercer Rd Princeton, NJ 08540
Estimated Value: $685,000 - $865,000
3
Beds
1.5
Baths
1,148
Sq Ft
$664/Sq Ft
Est. Value
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 2016Here 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
Corcoran Sawyer Smith Listed on: 10/24/2015
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
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%
Total Days on Market
418
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
$322,028
Avg. Annual Appreciation
5.97%
Original Mortgage
$374,000
Interest Rate
4.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 1993
Bought by
Warnock Donald Glen
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 |
|---|---|---|---|
| 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
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 | $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
-
L
Seller's Agent in 2016
LEWIS EDGE
Corcoran Sawyer Smith
-
Galina Peterson
Buyer's Agent in 2016
Galina Peterson
BHHS Fox & Roach
(908) 227-9044
22 in this area
37 Total Sales
Map
Source: Bright MLS
MLS Number: 1003333793
APN: 14-09901-0000-00017
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