NOT LISTED FOR SALE

656 Prospect Ave Princeton, NJ 08540

Estimated Value: $1,438,000 - $1,596,000

4 Beds
3 Baths
2,851 Sq Ft
$531/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $959,000 $336 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $10,231/month

About This Home

As of September 2020

This well maintained Princeton colonial has been meticulously maintained and updated to suits today's needs. . Situated on a quiet spot on Prospect , this home has a large yard and lots of privacy due to the mature hedges and trees. The formal entry leads to the classic living room, with fireplace and built-in book cases either side. and access to the rear deck via a slider door. Just off the living room there is a bonus space, which also built- in book cases, great for an office, quiet space or play room. As with traditional colonials, the dining room is located on the other side of the foyer. Note the original features that still remain. The corner cabinet is original to the home as well as the wooden pelmets across the top of the windows. The kitchen is a delight! Carefully crafted cabinets sit below granite counters, the farmhouse style sink adds a little bit of country flair. The breakfast bar provides seating as well as a natural break to the family room beyond. Th e deck can be accessed from the slider in the family room. Note the beam atop of the vaulted cathedral ceiling. The charming window seat makes a perfect spot to sit and read. There is a also side door access to the drive way and garages . The master suite has two closets and a full bath. The three other bedrooms all share the hall bath room . The surprise in this home is the finihsed third floor, which is great bonus space. The three sides of built in shelving provides storage. Off this space is unfinished attic storage too. The basement is unfinished. There is a two car detached garage, two storage sheds and a workshop on the property. The large back yard is a delight. Located in Riverside neighborhood, it is a must see home!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 22, 2020
Sold by
Ding Cliff Li and Chu Kefei Stelle
Bought by
Tanrtous Jack and Tannous Jeannette
Seller's Agent
Ingela Kostenbader
Queenston Realty, LLC
Buyer's Agent
Eric Schlamowitz
BLT Real Estate Development LLC
List Price
$969,000
Sold Price
$959,000
Premium/Discount to List
-$10,000
-1.03%
Current Estimated Value
$1,514,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,028
Avg. Annual Appreciation
10.27%
Original Mortgage
$0
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2013
Sold by
Scheer Adam L and Scheer Michal
Bought by
Ding Cliff Li and Chu Kefei Stelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2005
Sold by
Neilson Peter
Bought by
Scheer Adam and Scheer Michal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
5.68%

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
Tanrtous Jack $959,000 Foundation Title
Ding Cliff Li $865,000 Title Resources Guaranty
Scheer Adam $835,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tanrtous Jack $0
Previous Owner Ding Cliff Li $692,000
Previous Owner Scheer Adam $610,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $959,000 -1.0% $336 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $969,000 +12.0% $340 / Sq Ft
08/23/2013 08/23/13 Sold $865,000 -1.1% --
07/16/2013 07/16/13 Pending -- -- --
06/11/2013 06/11/13 Price Changed $875,000 -2.7% --
06/01/2013 06/01/13 For Sale $899,000 -- --

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 $21,072 $838,200 $548,000 $290,200
2023 $21,072 $838,200 $548,000 $290,200
2022 $20,385 $838,200 $548,000 $290,200
2021 $20,444 $838,200 $548,000 $290,200
2020 $20,284 $838,200 $548,000 $290,200
2019 $19,882 $838,200 $548,000 $290,200
2018 $19,547 $838,200 $548,000 $290,200
2017 $19,279 $838,200 $548,000 $290,200
2016 $18,977 $838,200 $548,000 $290,200
2015 $17,150 $775,300 $498,000 $277,300
2014 $16,540 $757,000 $498,000 $259,000
Source: Public Records

Agents Affiliated with this Home

  • Ingela Kostenbader

    Seller's Agent in 2020

    Ingela Kostenbader

    Queenston Realty, LLC

    (609) 902-5302

    119 in this area

    288 Total Sales

    Ingela Kostenbader
    Section Image
  • Eric Schlamowitz

    Buyer's Agent in 2020

    Eric Schlamowitz

    BLT Real Estate Development LLC

    (609) 203-2656

    1 in this area

    13 Total Sales

    Eric Schlamowitz
    Section Image
  • Beatrice Bloom

    Seller's Agent in 2013

    Beatrice Bloom

    Weichert Corporate

    (609) 577-2989

    39 in this area

    164 Total Sales

    Beatrice Bloom
    Section Image
  • Chihlan Chan

    Buyer's Agent in 2013

    Chihlan Chan

    BHHS Fox & Roach

    (609) 915-2581

    16 in this area

    130 Total Sales

    Chihlan Chan
    Section Image
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Map

New Jersey Mercer County Princeton 08540

656 Prospect Ave, Princeton, NJ

Homes for Sale in Princeton, NJ

This home is located at 656 Prospect Ave, Princeton, NJ 08540 and is currently estimated at $1,514,028, approximately $531 per square foot. 656 Prospect Ave is a home located in Mercer County with nearby schools including Riverside Elementary School, Princeton Middle School, and Princeton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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