NOT LISTED FOR SALE

561 State Rd Princeton, NJ 08540

Estimated Value: $730,721 - $765,000

3 Beds
1.5 Baths
1,352 Sq Ft
$550/Sq Ft Est. Value

Last Sold December 06, 2023

Last sale price $575,000 $425 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,671/month

30 Days on Market

Highlights

  • 1.98 Acre Lot
  • Partially Wooded Lot
  • Wood Flooring
  • Littlebrook Elementary School Rated A+
  • Rambler Architecture
  • Main Floor Bedroom

About This Home

As of December 2023

RED BRICK IN PRINCETON! Perched on a pleasant, woodsy, and VERY PRIVATE 1.98 acre hillside with abundant parking. Enter the front door and step onto the hardwood floors that flow from foyer to living room with its striking late 50s floor-to-ceiling sleek stone fireplace, bookended by two equally tall and beautifully proportioned south facing windows, providing light and ambience to this central gathering place. The kitchen, with its comfortable eating area, is accessed from both foyer and living room, and is adjacent to the lovely sunroom, surrounded on three sides by views of nature. Hardwood floors also lead to the three-bedroom wing with full bath at the opposite end of the home. Kitchen has newish appliances (2019-2020). Counters on both sides of kitchen offer lots of elbow room for cooking. The backyard deck off kitchen provides an enchanting vista for entertaining and meals. Downstairs is a large and heated basement room housing utilities but with additional space for an office or playroom, with adjoining half bath and opening to oversized 2-car garage. Solidly built on a poured concrete foundation in 1958, with a new roof in 2011, with bathroom updates and a new septic installed in 2014, this house does still need additional love. Five minutes from Princeton University, Princeton Shopping Center, downtown shopping, and the Princeton public schools. Bring your imagination and dreams to make this home blossom in its large, unique and natural setting . . . and with its IMPOSSIBLY CONVENIENT LOCATION!

Last Agent to Sell the Property

Judith Budwig

(609) 933-7886 jbudwig@glorianilson.com BHHS Fox & Roach - Princeton License #1432354 Listed on: 09/05/2023

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Darlene Schror

(908) 768-2819 darlene.schror@redfin.com Redfin

Redfin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,147

Year Built

  • Built in 1958

Lot Details

  • 1.98 Acre Lot
  • Sloped Lot
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Back, Front, and Side Yard
  • Property is in below average condition
  • Property is zoned RA

Parking

  • 2 Car Direct Access Garage
  • 6 Driveway Spaces
  • Basement Garage
  • Oversized Parking
  • Side Facing Garage

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,352 Sq Ft Home
  • Property has 1 Level
  • Fireplace With Glass Doors
  • Marble Fireplace
  • Stone Fireplace
  • Fireplace Mantel
  • Entrance Foyer
  • Living Room
  • Sun or Florida Room
  • Wood Flooring
  • Attic
  • Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Bathtub with Shower

Schools

  • John Witherspoon Middle School
  • Princeton High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Well
  • Electric Water Heater
  • Municipal Trash
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 14-02601-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,147

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Curtains as exist.
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-09-05
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Attic, Entry Level Bedroom, Tub Shower
  • Fireplace Features: Stone, Marble, Mantel(s), Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Foyer, Sun/Florida Room, Bathroom 1, Bathroom 2
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 1352
  • Living Area Sq Ft: 1352
  • Price Per Sq Ft: 480.77
  • Above Grade Finished Sq Ft: 1352
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 561

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Basement Garage, Garage - Side Entry, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Steam
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Middle School: JOHN WITHERSPOON M.S.
  • High School: PRINCETON H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396175
  • School District Source: Listing Agent
  • High School: PRINCETON H.S.
  • Middle Or Junior School: JOHN WITHERSPOON M.S.

Lot Info

  • Lot Features: Backs To Trees, Front Yard, Partly Wooded, Rear Yard, Sideyard(s), Sloping
  • Lot Size Acres: 1.98
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 86249.00
  • Property Condition: Below Average
  • Year Assessed: 2022
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8147.00
  • Assessor Parcel Number: 14-02601-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 1352
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/06/2023

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Nov 30, 2023
Sold by
Lee Kunhae V
Bought by
Duvvuri Venkata R Padmaja and Chalasani Chaitanya
Seller's Agent
Judith Budwig
BHHS Fox & Roach - Princeton
Buyer's Agent
Darlene Schror
Redfin
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%
Views
50
Current Estimated Value
$743,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,930
Avg. Annual Appreciation
15.38%
Original Mortgage
$546,250
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2018
Sold by
Kam Kenney and Lee Kunhae V
Bought by
Lee Kunhae V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2012
Closed on
May 22, 2014
Sold by
Gabauer Cynthia A
Bought by
Kam Kenney and Lee Kinhae
Seller's Agent
Norman Callaway
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Lori Janick
Weichert Realtors-Princeton Junction
List Price
$369,000
Sold Price
$315,000
Premium/Discount to List
-$54,000
-14.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%
Original Mortgage
$252,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2008
Sold by
Brooks Delores M
Bought by
Nj State Dept Of Transp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Duvvuri Venkata R Padmaja $575,000 Realsafe Title
Duvvuri Venkata R Padmaja $575,000 Realsafe Title
Lee Kunhae V -- None Available
Kam Kenney $315,000 Fidelity Natl Title Ins Co
Nj State Dept Of Transp $19,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duvvuri Venkata R Padmaja $546,250
Previous Owner Lee Kunhae V $265,000
Previous Owner Kam Kenney $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2023 12/06/23 Sold $575,000 -11.5% $425 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $650,000 +106.3% $481 / Sq Ft
05/23/2014 05/23/14 Sold $315,000 +16478.9% --
10/29/2013 10/29/13 Pending -- -- --
09/01/2013 09/01/13 Rented $1,900 -2.6% --
08/15/2013 08/15/13 Under Contract -- -- --
03/22/2013 03/22/13 For Rent $1,950 0.0% --
09/05/2012 09/05/12 Price Changed $324,900 -6.9% --
06/26/2012 06/26/12 Price Changed $349,000 -5.4% --
03/15/2012 03/15/12 For Sale $369,000 -- --
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 $8,921 $335,000 $268,300 $66,700
2024 $8,921 $335,000 $268,300 $66,700
2023 $8,422 $335,000 $268,300 $66,700
2022 $8,147 $335,000 $268,300 $66,700
2021 $8,171 $335,000 $268,300 $66,700
2020 $8,107 $335,000 $268,300 $66,700
2019 $7,946 $335,000 $268,300 $66,700
2018 $7,812 $335,000 $268,300 $66,700
2017 $7,705 $335,000 $268,300 $66,700
2016 $7,584 $335,000 $268,300 $66,700
2015 $7,410 $335,000 $268,300 $66,700
2014 $7,320 $335,000 $268,300 $66,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2034440

Bright MLS

APN: 14-02601-0000-00004