$524,551 - $622,000
RENTED AUG 1, 2025

61 Palmer Square W Unit D Princeton, NJ 08542

1 Bed
1 Bath
465 Sq Ft
1932 Built

Highlights

  • No HOA
  • Property is in very good condition
  • Radiator
  • Community Park Elementary School Rated A+

About This Home

As of August 2025

Nestled in the heart of Princeton, this delightful apartment is a true gem. Bright, cozy, and excellently located on picturesque Palmer Square, it offers the perfect blend of convenience and charm. You'll find yourself surrounded by an array of top-notch restaurants and excellent shopping with Princeton University, McCarter Theatre, the beloved Bent Spoon and Princeton Railway Station all just a stone's throw away. Inside, the apartment is a tranquil oasis, filled with natural light. It's the perfect place to relax and unwind after a busy day at work or school.

Last Agent to Rent the Property

Christine Alleyne

Weichert Realtors - Princeton License #1541286 Listed on: 06/08/2025

Weichert Realtors - Princeton

Last Renter's Agent

Christine Alleyne

Weichert Realtors - Princeton License #1541286 Listed on: 06/08/2025

Weichert Realtors - Princeton

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,447

Year Built

  • Built in 1932

Lot Details

  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 465 Sq Ft Home
  • Property has 3 Levels
  • Laundry in Basement

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Tenant pays for cable TV, insurance, internet, parking fee
  • Rent includes electricity, gas, heat, sewer, snow removal, trash removal, water
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 7/1/25
  • Assessor Parcel Number 14-00020 08-00061 04-C61D

Community Details

Overview

  • No Home Owners Association
  • Low-Rise Condominium
  • Palmer Square Subdivision
  • Property Manager

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,447

Year Built

Built in 1932

Lot Details

0

Rental Info

  • Date Available: 2025-07-01
  • Pets Allowed: No
  • Rent Includes: Electricity, Gas, Heat, Sewer, Snow Removal, Trash Removal, Water
  • Security Deposit: 1.50
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Insurance, Internet, Parking Fee
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 6/8/2025 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1932
  • Automatically Close On Close Date: Yes
  • Remarks Public: Nestled in the heart of Princeton, this delightful apartment is a true gem. Bright, cozy, and excellently located on picturesque Palmer Square, it offers the perfect blend of convenience and charm. You'll find yourself surrounded by an array of top-notch restaurants and excellent shopping with Princeton University, McCarter Theatre, the beloved Bent Spoon and Princeton Railway Station all just a stone's throw away. Inside, the apartment is a tranquil oasis, filled with natural light. It's the perfect place to relax and unwind after a busy day at work or school.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Basement
  • Total Sq Ft: 465
  • Living Area Sq Ft: 465
  • Price Per Sq Ft: 5.05
  • Above Grade Finished Sq Ft: 465
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 61

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • School District Key: 300200396175
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Zoning: CBCP

Tax Info

  • Assessor Parcel Number: 14-00020 08-00061 04-C61D
  • Tax Total Finished Sq Ft: 465
  • Close Date: 08/01/2025

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2007
Sold by
Emmerson Fred B and Davis Lucy C
Bought by
Karauthamer Carol
Current Estimated Value
$573,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2003
Sold by
Miller Marcus
Bought by
Emerson Fred and Davis Lucy

Purchase Details

Closed on
Feb 22, 2001
Sold by
Wyle Solomon
Bought by
Miller Marcus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,925
Interest Rate
6.96%

Purchase Details

Closed on
Jan 25, 1999
Sold by
Fach Wolfgang
Bought by
Wyle Solomon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
6.67%
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
Karauthamer Carol $390,500 --
Emerson Fred $265,000 --
Miller Marcus $191,500 --
Wyle Solomon $130,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krauthamer Carole $228,000
Closed Karauthamer Carol $224,000
Previous Owner Miller Marcus $181,925
Previous Owner Wyle Solomon $104,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Rented $2,450 +4.3% --
06/18/2025 06/18/25 Under Contract -- -- --
06/08/2025 06/08/25 For Rent $2,350 0.0% --
07/01/2024 07/01/24 Rented $2,350 +6.8% --
06/03/2024 06/03/24 Under Contract -- -- --
05/22/2024 05/22/24 For Rent $2,200 -10.2% --
06/20/2023 06/20/23 Rented $2,450 +11.4% --
04/24/2023 04/24/23 Under Contract -- -- --
04/15/2023 04/15/23 For Rent $2,200 +4.8% --
10/08/2022 10/08/22 Rented $2,100 -16.0% --
09/08/2022 09/08/22 For Rent $2,500 -- --
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 $8,447 $317,200 $255,000 $62,200
2024 $7,974 $317,200 $255,000 $62,200
2023 $7,974 $317,200 $255,000 $62,200
2022 $7,714 $317,200 $255,000 $62,200
2021 $7,737 $317,200 $255,000 $62,200
2020 $7,676 $317,200 $255,000 $62,200
2019 $7,524 $317,200 $255,000 $62,200
2018 $7,397 $317,200 $255,000 $62,200
2017 $7,296 $317,200 $255,000 $62,200
2016 $7,181 $317,200 $255,000 $62,200
2015 $7,016 $317,200 $255,000 $62,200
2014 -- $317,200 $255,000 $62,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2059876

Bright MLS

APN: 14-00020-08-00061-04-C61D