$1,337,400
SOLD DEC 10, 2024

559 Drakes Corner Rd Princeton, NJ 08540

3 Beds
2.5 Baths
-- Sq Ft
2.03 Acres

Recently Sold

4% Below List Price

38 Days on Market

Highlights

  • 2.03 Acre Lot
  • Midcentury Modern Architecture
  • Sun or Florida Room
  • Johnson Park School Rated A+
  • 1 Fireplace
  • Great Room

About This Home

As of December 2024

Tucked away in a leafy paradise surrounded by preserved land, this Mid-Century modern gem promises peace and privacy for generations. Step inside, and you'll be wowed by the sparkling wood floors that catch every ray of sunshine streaming through the floor-to-ceiling windows and doors. The gardens are lush and green, and nearly every room opens out to these botanical beauties, making nature your constant companion. The living and great rooms spill out onto a deck with built-in seating. The open kitchen is a dream with its central island and stainless appliances and is adjoined by a big, sunny sunroom that's perfect year-round. One of the three spacious bedrooms sits next to a powder room and a closet, just waiting to be turned into a full bathroom if you desire. The other two bedrooms each have a full bath of their own, perfect for keeping the peace in the mornings. Step outside to find your own secret garden hidden within a fenced courtyard, an ideal spot for a quiet escape. With fresh hardscaping and landscaping all around, grounds are easy on the eyes and easy to maintain. A true Princeton oasis!

Last Agent to Sell the Property

Susan DiMeglio

(609) 915-5645 sdimeglio@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9702048 Listed on: 08/06/2024

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Linda Twining

(609) 439-2282 ltwining@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #999178

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,578

Year Built

  • Built in 1967

Lot Details

  • 2.03 Acre Lot
  • Property is in excellent condition
  • Property is zoned RA

Parking

  • 1 Car Attached Garage
  • 6 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Block Foundation

Interior Spaces

  • Property has 1 Level
  • 1 Fireplace
  • Great Room
  • Living Room
  • Dining Room
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom

Location

  • Suburban Location

Schools

  • Johnson Park Elementary School
  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater
  • Municipal Trash
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 14-00102-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,578

Year Built

Built in 1967

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Mid-Century Modern
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1967
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: Tucked away in a leafy paradise surrounded by preserved land, this Mid-Century modern gem promises peace and privacy for generations. Step inside, and you'll be wowed by the sparkling wood floors that catch every ray of sunshine streaming through the floor-to-ceiling windows and doors. The gardens are lush and green, and nearly every room opens out to these botanical beauties, making nature your constant companion. The living and great rooms spill out onto a deck with built-in seating. The open kitchen is a dream with its central island and stainless appliances and is adjoined by a big, sunny sunroom that's perfect year-round. One of the three spacious bedrooms sits next to a powder room and a closet, just waiting to be turned into a full bathroom if you desire. The other two bedrooms each have a full bath of their own, perfect for keeping the peace in the mornings. Step outside to find your own secret garden hidden within a fenced courtyard, an ideal spot for a quiet escape. With fresh hardscaping and landscaping all around, grounds are easy on the eyes and easy to maintain. A true Princeton oasis!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Entry Floor: 1
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Sun/Florida Room, Great Room
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 559

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Spa: No
  • 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
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: JOHNSON PARK
  • Middle School: JOHN WITHERSPOON M.S.
  • High School: PRINCETON H.S.
  • 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: JOHNSON PARK
  • High School: PRINCETON H.S.
  • Middle Or Junior School: JOHN WITHERSPOON M.S.

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 2.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 88427.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RA

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 26578.00
  • Assessor Parcel Number: 14-00102-00004
  • Tax Lot: 00004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 12/10/2024

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Nov 19, 2024
Sold by
Oxon Hill Land Co Llc and Oxon Hill Land Company Llc
Bought by
Krin Robert and Nicosia Jennifer
Seller's Agent
Susan DiMeglio
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Linda Twining
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,395,000
Sold Price
$1,337,400
Premium/Discount to List
-$57,600
-4.13%
Views
83
Current Estimated Value
$1,383,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,189
Avg. Annual Appreciation
4.03%
Original Mortgage
$845,000
Outstanding Balance
$837,495
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$546,094

Purchase Details

Closed on
Sep 4, 2007
Sold by
Sims William D and Gunzenhauser Alice S
Bought by
Oxon Hill Land Co Llc

Purchase Details

Closed on
Jun 26, 1998
Sold by
Ward Klingebiel
Bought by
Sims William D and Sims Alice Gynzenhauser

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.09%
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 Type Sale Price Title Company
Deed $1,337,400 Old Republic Title
Deed $1,337,400 Old Republic Title
Deed $1,337,400 Old Republic Title
Deed $850,000 --
Deed $665,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $845,000 New Conventional
Closed $845,000 New Conventional
Previous Owner $300,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Sold $1,337,400 -4.1% --
08/06/2024 08/06/24 For Sale $1,395,000 0.0% --
11/10/2015 11/10/15 Rented $4,500 -18.2% --
10/15/2015 10/15/15 Under Contract -- -- --
05/01/2015 05/01/15 For Rent $5,500 -- --
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 $28,153 $982,500 $626,500 $356,000
2024 $26,578 $1,057,200 $676,500 $380,700
2023 $26,578 $1,057,200 $676,500 $380,700
2022 $25,711 $1,057,200 $676,500 $380,700
2021 $25,785 $1,057,200 $676,500 $380,700
2020 $25,584 $1,057,200 $676,500 $380,700
2019 $25,077 $1,057,200 $676,500 $380,700
2018 $24,654 $1,057,200 $676,500 $380,700
2017 $24,316 $1,057,200 $676,500 $380,700
2016 $23,935 $1,057,200 $676,500 $380,700
2015 $23,385 $1,057,200 $676,500 $380,700
2014 $23,100 $1,057,200 $676,500 $380,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2045554

Bright MLS

APN: 14-00102-0000-00004