NOT LISTED FOR SALE

7 Masters Way Pennington, NJ 08534

Estimated Value: $973,000 - $1,173,000

5 Beds
3 Baths
2,501 Sq Ft
$417/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $835,000 $334 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,030/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • 2 Car Direct Access Garage
  • Hopewell Valley Central High School Rated A
  • Community Pool
  • Forced Air Zoned Heating and Cooling System

About This Home

As of December 2022

At the corner of Masters Way and Avalon Road, a handsome brick front colonial offers a fresh take on upscale suburban living with a freshly painted, neutral interior complemented by refinished hardwood floors and brand new carpeting. The inviting, two-story foyer is brightened by a full lite leaded glass door with sidelites and a second story picture window. The living room and dining room peel off to either side of the foyer, both overlooking the professionally landscaped front yard through nearly floor to ceiling round top windows. A first floor bedroom or office with a walk-in bay window offers views of both the back and side yards. The open concept great room and kitchen have easy access to the second floor via a back staircase. The two-story great room has a fireplace with marble surround and large windows that create a scenic, seasonally changing backdrop to the room. The center island kitchen has white cabinetry, recessed lighting and a breakfast area with French doors leading to the brick patio, creating opportunities for easy al fresco dining or indoor/outdoor entertaining. The laundry room is convenient to the kitchen and the back staircase. The second level houses three spacious bedrooms that share a full bath, and the primary bedroom suite, which has a vaulted ceiling, walk-in closet and an en suite bath with jetted tub, separate shower and dual sinks. The finished basement provides additional space for relaxation, entertaining or working from home. Within the highly acclaimed Hopewell Valley Regional School District and conveniently located close to supermarket, shops, businesses, transportation and major roadways…7 Masters Way is a delightful spot to call home.

Please ask for a list of the many fabulous updates/updates including NEW ROOF and more
Homeowners can join the Brandon Farms community pool for the season

Last Agent to Sell the Property

Karen Friedland

(609) 439-6343 karen.friedland@foxroach.com BHHS Fox & Roach - Princeton License #9912114 Listed on: 11/05/2022

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Sita Philion

(609) 658-2659 sitaworks4you@gmail.com BHHS Fox & Roach - Princeton License #337666

BHHS Fox & Roach - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,402

Year Built

  • Built in 1997

Lot Details

  • 0.36 Acre Lot
  • Northeast Facing Home
  • Corner Lot
  • Property is in excellent condition
  • Property is zoned R-5

HOA Fees

  • $34 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Transitional Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Marble Fireplace
  • Finished Basement
  • Sump Pump
  • Laundry on main level

Bedrooms and Bathrooms

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00011 04
  • Assessor Parcel Number 06-00078 43-00011 04

Community Details

Overview

  • $101 Capital Contribution Fee
  • Association fees include common area maintenance
  • First Service Residential/Brandon Farms Poa
  • Mershon Chase Subdivision
  • Property Manager

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,402

Year Built

Built in 1997

Lot Details

0

HOA Fees

$34 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Transitional, Colonial
  • Ownership: Fee Simple
  • Exclusions: Seller's Personal Belongings
  • Inclusions: As shown
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-11-05
  • Year Built: 1997
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Features: Marble, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished, Sump Pump
  • Laundry Type: Main Floor
  • Total Sq Ft: 3301
  • Living Area Sq Ft: 2501
  • Price Per Sq Ft: 299.48
  • Above Grade Finished Sq Ft: 2501
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C, Zoned, Ceiling Fan(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 101.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA Name: FIRST SERVICE RESIDENTIAL/BRANDON FARMS POA
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 101.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.36
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15682.00
  • Property Condition: Excellent
  • Zoning: R-5

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 17402.00
  • Assessor Parcel Number: 06-00078 43-00011 04
  • Tax Lot: 00011 04
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2022
Closed on
Dec 15, 2022
Sold by
Goldstein Andrew V and Goldstein Carolyn J
Bought by
Modi Nehal R
Seller's Agent
Karen Friedland
BHHS Fox & Roach - Princeton
Buyer's Agent
Sita Philion
Redfin
List Price
$749,000
Sold Price
$835,000
Premium/Discount to List
$86,000
11.48%
Views
28
Current Estimated Value
$1,043,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,943
Avg. Annual Appreciation
7.60%
Original Mortgage
$647,000
Outstanding Balance
$628,043
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$415,900

Purchase Details

Closed on
Jun 20, 2008
Sold by
Cook Kevin and Cook Beth
Bought by
Goldstein Andrew and Fariello Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,350
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 1997
Sold by
Nvr Homes Inc
Bought by
Cook Kevin and Cook Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.81%
Source: Public Records
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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
Modi Nehal R $835,000 Old Republic Title
Modi Nehal R $835,000 Old Republic Title
Goldstein Andrew $632,500 --
Cook Kevin $298,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modi Nehal R $647,000
Closed Modi Nehal R $647,000
Previous Owner Goldstein Andrew $474,350
Previous Owner Cook Kevin $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2022 12/21/22 Sold $835,000 +11.5% $334 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
11/05/2022 11/05/22 For Sale $749,000 -- $299 / Sq Ft
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 $18,459 $584,700 $228,600 $356,100
2024 $17,386 $584,700 $228,600 $356,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2023986

Bright MLS

APN: 06-00078-43-00011-04