NOT LISTED FOR SALE

558 W Scotch Rd Pennington, NJ 08534

Estimated Value: $610,000 - $761,000

4 Beds
2 Baths
2,281 Sq Ft
$300/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $510,000 $224 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,032/month

3 Days on Market

Highlights

  • 2.77 Acre Lot
  • Colonial Architecture
  • No HOA
  • Hopewell Valley Central High School Rated A
  • Mud Room
  • 3 Car Direct Access Garage

About This Home

As of January 2022

This quaint country home, the heart of which dates to the 1850s, is filled with character and charm, and abundant natural light. Random-width pumpkin pine floors in the kitchen, one of the two original rooms, nicely complement bead board cabinetry, stainless steel appliances, and an oversized quartz-topped work table with shelf storage beneath. A step-in pantry cleverly uses space at the top of the cellar stairs to keep kitchen essentials within easy reach. Hardwood floors in the living room add an elegant touch to the front of the home. At the back, a skylit family/dining room stretches from front to back, and offers sliding door access to the spacious deck overlooking the backyard. A mudroom entry with slate-tiled floor leads to the laundry room, and a full bath with shower and crisp white shiplap on the walls. The master bedroom is the first room at the top of the spacious landing. It is an airy space, with wide closets flanking a lighted vanity table nestled beneath an archway. Windows on three walls fill the room with sunlight, and offer panoramic views of the home’s surroundings, the highlight of which is preserved farmland and a pond across the way. Three others bedroom are on this level, though two can be combined into one larger space with the easy removal of the dividing wall. A full bath with tub/shower combo is shared by all. Landscaped with the nature enthusiast in mind, the near-three-acre lot is dotted with meadows, a fenced dog run, a fenced garden, a brick barbecue, patio, pond and raised decks. Three outbuildings of various sizes will accommodate an array of storage needs, with the smallest the perfect size for a child’s playhouse. The attached three-car garage offers additional storage space, as does the basement, which was outfitted with a French drainage system in 2019, and offers two storage rooms and one finished room with built-in cabinetry along one wall, making it the perfect space for a teen hangout, media room or home office. Bilco doors to the outside make seasonal storage a cinch. The home also has one fireplace, plus a central vac, recessed lighting, and central air to keep the home cool in summer.
Don’t be fooled by its serene and private setting, as the home is centrally located in Hopewell Township, and offers easy access to charming downtown Pennington, Hopewell Boro and Princeton , as well as major commuter routes 295, 95, 1. Fireplace in family room works fine, but is being sold "as is"

Last Agent to Sell the Property

Susan Thompson

Corcoran Sawyer Smith License #785606 Listed on: 11/13/2021

Last Buyer's Agent

Sandy Brown

BHHS Fox & Roach Hopewell Valley

BHHS Fox & Roach Hopewell Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,755

Year Built

  • Built in 1970

Lot Details

  • 2.77 Acre Lot
  • Property is zoned VRC

Parking

  • 3 Car Direct Access Garage
  • 5 Driveway Spaces
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,281 Sq Ft Home
  • Property has 2 Levels
  • Wood Burning Fireplace
  • Mud Room
  • Family Room
  • Living Room
  • Laundry on main level
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Timberlane Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Oil Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 06-00089 01-00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,755

Year Built

Built in 1970

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-11-13
  • Federal Flood Zone: No
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: This quaint country home, the heart of which dates to the 1850s, is filled with character and charm, and abundant natural light. Random-width pumpkin pine floors in the kitchen, one of the two original rooms, nicely complement bead board cabinetry, stainless steel appliances, and an oversized quartz-topped work table with shelf storage beneath. A step-in pantry cleverly uses space at the top of the cellar stairs to keep kitchen essentials within easy reach. Hardwood floors in the living room add an elegant touch to the front of the home. At the back, a skylit family/dining room stretches from front to back, and offers sliding door access to the spacious deck overlooking the backyard. A mudroom entry with slate-tiled floor leads to the laundry room, and a full bath with shower and crisp white shiplap on the walls. The master bedroom is the first room at the top of the spacious landing. It is an airy space, with wide closets flanking a lighted vanity table nestled beneath an archway. Windows on three walls fill the room with sunlight, and offer panoramic views of the home’s surroundings, the highlight of which is preserved farmland and a pond across the way. Three others bedroom are on this level, though two can be combined into one larger space with the easy removal of the dividing wall. A full bath with tub/shower combo is shared by all. Landscaped with the nature enthusiast in mind, the near-three-acre lot is dotted with meadows, a fenced dog run, a fenced garden, a brick barbecue, patio, pond and raised decks. Three outbuildings of various sizes will accommodate an array of storage needs, with the smallest the perfect size for a child’s playhouse. The attached three-car garage offers additional storage space, as does the basement, which was outfitted with a French drainage system in 2019, and offers two storage rooms and one finished room with built-in cabinetry along one wall, making it the perfect space for a teen hangout, media room or home office. Bilco doors to the outside make seasonal storage a cinch. The home also has one fireplace, plus a central vac, recessed lighting, and central air to keep the home cool in summer. Don’t be fooled by its serene and private setting, as the home is centrally located in Hopewell Township, and offers easy access to charming downtown Pennington, Hopewell Boro and Princeton , as well as major commuter routes 295, 95, 1. Fireplace in family room works fine, but is being sold "as is"
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Mud Room, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2281
  • Living Area Sq Ft: 2281
  • Price Per Sq Ft: 196.84
  • Above Grade Finished Sq Ft: 2281
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 558

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick, Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Crushed Stone
  • Garage Features: Garage Door Opener, Inside Access
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Middle School: TIMBERLANE M.S.
  • High School: CENTRAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397266
  • School District Source: Listing Agent
  • High School: CENTRAL H.S.
  • Middle Or Junior School: TIMBERLANE M.S.

Lot Info

  • Improvement Assessed Value: 189000.00
  • Land Assessed Value: 238900.00
  • Lot Size Acres: 2.77
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 120661.00
  • Year Assessed: 2020
  • Zoning: VRC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2124867
  • Tax Annual Amount: 12755.00
  • Assessor Parcel Number: 06-00089 01-00013
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 2281
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/07/2022

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Jan 5, 2022
Sold by
Russell Gareth J and Russell Kimberly N
Bought by
Lane Philip Michael and Lane Nicole Frances
Seller's Agent
Susan Thompson
Corcoran Sawyer Smith
Buyer's Agent
Sandy Brown
BHHS Fox & Roach Hopewell Valley
List Price
$449,000
Sold Price
$510,000
Premium/Discount to List
$61,000
13.59%
Current Estimated Value
$710,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,954
Avg. Annual Appreciation
9.98%
Original Mortgage
$300,000
Outstanding Balance
$279,296
Interest Rate
3.11%
Estimated Equity
$437,530

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jul 10, 2015
Sold by
Vurgason George A and Vurgason Margaret Ann
Bought by
Russell Gareth J and Russell Kimberly N
Seller's Agent
Mary Jane Kent
David DePaola and Company Real Estate
Buyer's Agent
JOHN CHLUDZINSKI
Winding River Realty
List Price
$449,000
Sold Price
$406,000
Premium/Discount to List
-$43,000
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
Original Mortgage
$40,600
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving
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
Lane Philip Michael $510,000 New Title Company Name
Russell Gareth J $406,000 Foundation Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Philip Michael $300,000
Previous Owner Russell Gareth J $40,600
Previous Owner Russell Gareth J $324,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $510,000 +13.6% $224 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $449,000 +10.6% $197 / Sq Ft
07/29/2015 07/29/15 Sold $406,000 -0.7% $178 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
04/21/2015 04/21/15 Price Changed $409,000 -2.0% $179 / Sq Ft
04/11/2015 04/11/15 Price Changed $417,500 -1.8% $183 / Sq Ft
09/20/2014 09/20/14 Price Changed $425,000 -5.3% $186 / Sq Ft
07/28/2014 07/28/14 For Sale $449,000 -- $197 / 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
2024 $13,254 $448,900 $254,100 $194,800
2023 $13,254 $433,700 $238,900 $194,800
2022 $12,981 $433,700 $238,900 $194,800
2021 $13,267 $433,700 $238,900 $194,800
2020 $12,773 $427,900 $238,900 $189,000
2019 $12,460 $427,900 $238,900 $189,000
2018 $12,229 $427,900 $238,900 $189,000
2017 $11,896 $427,900 $238,900 $189,000
2016 $11,245 $427,900 $238,900 $189,000
2015 $11,361 $427,900 $238,900 $189,000
2014 $13,034 $501,300 $238,900 $262,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2006740

Bright MLS

APN: 06-00089-01-00013