NOT LISTED FOR SALE

581 Lake Dr Princeton, NJ 08540

Estimated Value: $2,508,000 - $5,492,000

5 Beds
8 Baths
-- Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: June 25, 2013

Last sale price $3,000,000

Est. 34% increase in value since last sale

Current estimated payment $27,944 / mo

804 Days on Market

Highlights

  • Water Oriented
  • Waterfront
  • Wood Flooring
  • Riverside Elementary School Rated A+
  • Deck
  • Attic

About This Home

As of June 2013

A lightly lived-in, lake-front Villa responsibly constructed by a renowned local builder in the inviting Italian style features only the finest materials, evidenced by a terra cotta tile roof, and greenest systems, like geothermal heating and cooling. The most impressive feature, however, is the unmarred view of Carnegie Lake showcased throughout a modern sun-splashed interior. Through tall arched doors, past a floating staircase, the central gathering room gives way to an expansive terrace high above the water. To one side are his and her offices. To the other, dining and family areas are open to the Viking-equipped kitchen gleaming with glass tile and polished granite. A service corridor is hidden from view. Below, a guest suite and gym join a theater room with access to the loggia and lawn leading to a dock. Four upper bedroom suites include two masters with marble baths. Custom closets, radiant heat and plantation shutters revealing water views further the sense of a luxury getaway every day.

Last Agent to Sell the Property

Denise Shaughnessy

(609) 921-1050 info@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #231557 Listed on: 03/01/2011

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Robin Wallack

(609) 924-1600 wendy.merkovitz@foxroach.com BHHS Fox & Roach - Princeton License #7941734

BHHS Fox & Roach - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,720

Year Built

  • Built in 2008

Lot Details

  • 32,670 Sq Ft Lot
  • Lot Dimensions are 125 x 260
  • Waterfront
  • Sloped Lot
  • Sprinkler System
  • Back, Front, and Side Yard
  • Property is zoned R5

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway

Home Design

  • Pitched Roof
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Laundry on main level
  • Attic

Kitchen

  • Butlers Pantry
  • Built-In Self-Cleaning Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 8 Bathrooms
  • Walk-in Shower

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Water Oriented
  • Property is near a lake
  • Deck
  • Patio

Schools

  • Riverside Elementary School
  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Air Filtration System
  • Zoned Heating
  • Radiant Heating System
  • Geothermal Heating and Cooling
  • Programmable Thermostat
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 14-08801-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,720

Year Built

Built in 2008

Lot Details

0.75 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Washer, Dryer
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Oven - Double, Oven - Self Cleaning, Dishwasher, Refrigerator, Energy Efficient Appliances
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Master Bath(s), Kitchen - Island, Butlers Pantry, Air Filter System, Stall Shower
  • Window Features: Energy Efficient
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor, Upper Floor

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 8
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Half Bathrooms: 2

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Exterior Features: Lawn Sprinkler
  • Roof: Pitched
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Inside Access, Garage Door Opener, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Geothermal
  • Heating Fuel: Geo-Thermal
  • Heating Type: Geothermal, Radiant, Zoned, Energy Star Heating System, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Instant Hot Water
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: RIVERSIDE
  • High School: PRINCETON
  • Middle Or Junior School: J WITHERSPOON

Green Features

  • Efficiency: Appliances

Lot Info

  • Improvement Assessed Value: 1588600.00
  • Land Assessed Value: 1185000.00
  • Lot Features: Sloping, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.75
  • Lot Dimensions: 125 X 260
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 32670.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2145723
  • Tax Annual Amount: 56720.00
  • Assessor Parcel Number: 14-08801-00009
  • Tax Lot: 00009
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2011
Closed on
May 23, 2013
Sold by
Bought by
Seller's Agent
Denise Shaughnessy
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Robin Wallack
BHHS Fox & Roach - Princeton
List Price
$4,800,000
Sold Price
$3,000,000
Premium/Discount to List
-$1,800,000
-37.5%
Current Estimated Value
$4,031,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,031,961
Avg. Annual Appreciation
2.29%

Purchase Details

Closed on
Apr 24, 2008
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,000,000 Foundation Title Llc
$2,000,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/25/2013 06/25/13 Sold $3,000,000 0.0% --
02/05/2013 02/05/13 Off Market $3,000,000 -- --
05/17/2012 05/17/12 Price Changed $3,950,000 -6.0% --
02/27/2012 02/27/12 Price Changed $4,200,000 -12.5% --
03/01/2011 03/01/11 For Sale $4,800,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $78,563 $2,874,600 $1,280,000 $1,594,600
2025 $78,563 $2,874,600 $1,280,000 $1,594,600
2024 $72,267 $2,874,600 $1,280,000 $1,594,600
2023 $72,267 $2,874,600 $1,280,000 $1,594,600
2022 $69,910 $2,874,600 $1,280,000 $1,594,600
2021 $70,111 $2,874,600 $1,280,000 $1,594,600
2020 $69,565 $2,874,600 $1,280,000 $1,594,600
2019 $68,186 $2,874,600 $1,280,000 $1,594,600
2018 $67,036 $2,874,600 $1,280,000 $1,594,600
2017 $66,116 $2,874,600 $1,280,000 $1,594,600
2016 $65,081 $2,874,600 $1,280,000 $1,594,600
2015 $61,485 $2,779,600 $1,185,000 $1,594,600
2014 $60,603 $2,773,600 $1,185,000 $1,588,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004303182

Bright MLS

APN: 14-08801-0000-00009

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