$390,000
SOLD JUL 16, 2024

71 Palmer Square W Unit F Princeton, NJ 08542

-- Bed
1 Bath
319 Sq Ft
$327/mo HOA Fee

Recently Sold

$1,223 Per Sq Ft

4% Above List Price

13 Days on Market

Highlights

  • East Facing Home
  • Property is in excellent condition
  • Radiator
  • Community Park Elementary School Rated A+

About This Home

As of July 2024

Welcome to the pinnacle of town living. Enjoy the romance of early 20th century architecture combined with modern upgrades, all while being truly at the center of it all. One of the largest studios in the Palmer Square Apartments. Enjoy access to the private Palmer Square Courtyard complete with serene fountain feature. Laundry room and storage space located in the basement of Palmer Square Apartments with stairway access from the ground floor. Garage parking available for Palmer Square residents. Luxury renovations completed by the current owner include: a brand new high end kitchen with Kohler fixtures, all new electrical outlets, switches and electrical panel, brand new vanity, shower tile, and Kohler fixtures in the bathroom, lovingly restored original plaster walls and hardwood flooring throughout, sandblasted radiators, remediated old paint from the walls, and repainted in classic neutral colors, new picture frame molding, and so much more! Shopping, dining, entertainment and transportation just outside your door! A small but mighty luxury flat in downtown Princeton, perfect for compact living, or as a pied-a-terre. Excellent investment property, with current rental rates at $1950/mo. Schedule a private tour today, or stop by the open house this Sunday!

Last Agent to Sell the Property

Victoria Covert

BHHS Fox & Roach - Princeton License #1649169 Listed on: 05/24/2024

BHHS Fox & Roach - Princeton

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,875

Year Built

  • Built in 1932 | Remodeled in 2020

Lot Details

  • East Facing Home
  • Property is in excellent condition

HOA Fees

  • $327 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 1 Full Bathroom
  • 319 Sq Ft Home
  • Property has 3 Levels
  • Basement
  • Connecting Stairway

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 00071 06
  • Assessor Parcel Number 14-00020 08-00071 06-C71F

Community Details

Overview

  • Association fees include common area maintenance, trash
  • Low-Rise Condominium
  • Palmer Square Subdivision

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,875

Year Built

Built in 1932 | Remodeled in 2020

Lot Details

0

HOA Fees

$327 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-05-24
  • Year Built: 1932
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to the pinnacle of town living. Enjoy the romance of early 20th century architecture combined with modern upgrades, all while being truly at the center of it all. One of the largest studios in the Palmer Square Apartments. Enjoy access to the private Palmer Square Courtyard complete with serene fountain feature. Laundry room and storage space located in the basement of Palmer Square Apartments with stairway access from the ground floor. Garage parking available for Palmer Square residents. Luxury renovations completed by the current owner include: a brand new high end kitchen with Kohler fixtures, all new electrical outlets, switches and electrical panel, brand new vanity, shower tile, and Kohler fixtures in the bathroom, lovingly restored original plaster walls and hardwood flooring throughout, sandblasted radiators, remediated old paint from the walls, and repainted in classic neutral colors, new picture frame molding, and so much more! Shopping, dining, entertainment and transportation just outside your door! A small but mighty luxury flat in downtown Princeton, perfect for compact living, or as a pied-a-terre. Excellent investment property, with current rental rates at $1950/mo. Schedule a private tour today, or stop by the open house this Sunday!
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway
  • Total Sq Ft: 319
  • Living Area Sq Ft: 319
  • Price Per Sq Ft: 1175.55
  • Above Grade Finished Sq Ft: 319
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 71

Beds/Baths

  • 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: Brick, Stone
  • 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: Window Unit(s)
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 326.83
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Trash
  • 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: Excellent
  • Year Assessed: 2023
  • Zoning: CBCP

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5875.00
  • Assessor Parcel Number: 14-00020 08-00071 06-C71F
  • Tax Lot: 00071 06
  • Tax Total Finished Sq Ft: 319
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/16/2024

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Jul 15, 2024
Sold by
Mancini Jason Anthony
Bought by
Tunc Feza S and Eren-Tunc Lutfiye Ela
Seller's Agent
Victoria Covert
BHHS Fox & Roach - Princeton
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$375,000
Sold Price
$390,000
Premium/Discount to List
$15,000
4%
Views
68
Current Estimated Value
$410,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,164
Avg. Annual Appreciation
4.98%

Purchase Details

Listed on
Apr 6, 2020
Closed on
Jul 2, 2020
Sold by
Dolven Jeff
Bought by
Mancini Jason Anthony
Seller's Agent
Beatrice Bloom
Weichert Realtors - Princeton
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.58%

Purchase Details

Closed on
Dec 1, 2008
Sold by
Cohen Richard A
Bought by
Dolven Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 3, 2001
Sold by
Lamb George
Bought by
Cohen Richard and Gouverneur Elizabeth
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 Type Sale Price Title Company
Bargain Sale Deed $390,000 American Land Title
Bargain Sale Deed $260,000 Associated Title Agency
Deed $225,000 --
Deed $225,000 None Available
Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $390,000 +4.0% $1,223 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $375,000 0.0% $1,176 / Sq Ft
07/19/2023 07/19/23 Rented $1,950 0.0% --
07/18/2023 07/18/23 Under Contract -- -- --
07/17/2023 07/17/23 For Rent $1,950 +2.6% --
08/01/2022 08/01/22 Rented $1,900 +2.7% --
08/01/2022 08/01/22 Under Contract -- -- --
07/21/2022 07/21/22 For Rent $1,850 0.0% --
08/01/2021 08/01/21 Rented $1,850 0.0% --
07/13/2021 07/13/21 For Rent $1,850 0.0% --
01/15/2021 01/15/21 Rented $1,850 0.0% --
12/11/2020 12/11/20 Under Contract -- -- --
12/07/2020 12/07/20 For Rent $1,850 0.0% --
07/06/2020 07/06/20 Sold $260,000 -5.5% $815 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $275,000 -- $862 / 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
2024 $5,875 $233,700 $168,000 $65,700
2023 $5,875 $233,700 $168,000 $65,700
2022 $5,684 $233,700 $168,000 $65,700
2021 $5,700 $233,700 $168,000 $65,700
2020 $5,656 $233,700 $168,000 $65,700
2019 $5,543 $233,700 $168,000 $65,700
2018 $5,450 $233,700 $168,000 $65,700
2017 $5,375 $233,700 $168,000 $65,700
2016 $5,291 $233,700 $168,000 $65,700
2015 $5,169 $233,700 $168,000 $65,700
2014 $4,477 $204,900 $139,200 $65,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2043812

Bright MLS

APN: 14-00020-08-00071-06-C71F