NOT LISTED FOR SALE

721 Prospect Ave Princeton, NJ 08540

Estimated Value: $1,413,000 - $1,791,413

3 Beds
2.5 Baths
-- Sq Ft
0.39 Acres

Last Sold October 21, 2016

Last sale price $1,300,000

Est. 23% increase in value since last sale

Current estimated payment $11,333/month

235 Days on Market

Highlights

  • 1,000 Feet of Waterfront
  • Water Oriented
  • Wood Flooring
  • Riverside Elementary School Rated A
  • Traditional Architecture
  • 1 Fireplace

About This Home

As of October 2016

Throw open the windows to the call of geese and slap of oars at this delightful 1939 Colonial on Princeton's Carnegie Lake. Masterfully mixing antique and modern, the home is imbued with the quaint charm of wood floors, and built-in china cabinets and bookcases, which meld seamlessly with a period-worthy, modernized kitchen appointed with chef-quality appliances, Corian and butcher block work surfaces, and terra cotta-tiled floor with inlay. Owned by only two families, all this beautifully maintained home needs is your personal touch. At its heart, a welcoming living room with fireplace opens on one side to a den and attached greenhouse, and on the other to a dining room. Or, dine al fresco on a stone terrace overlooking a yard that slopes gently to the peaceful lake and private boat launch.Upstairs, find a master suite plus two bedrooms. Two full baths on second floor. A partially finished walkout basement is equipped with home office, laundry room, and two multi-purpose rooms. This is water lover's dream come true, ideally located near downtown Princeton.

Last Agent to Sell the Property

Christina M. Callaway

Callaway Henderson Sotheby's Int'l-Princeton License #9805308 Listed on: 02/01/2016

Callaway Henderson Sotheby's Int'l-Princeton

Co-Listed By

Pete Callaway

Callaway Henderson Sotheby's Int'l-Princeton License #7811591

Last Buyer's Agent

Michael Monarca

Callaway Henderson Sotheby's Int'l-Princeton License #1435994

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,933

Year Built

  • Built in 1939

Lot Details

  • 0.39 Acre Lot
  • 1,000 Feet of Waterfront
  • Lake Front
  • Property is in good condition
  • Property is zoned R5

Home Design

  • Traditional Architecture
  • Pitched Roof
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Laundry on lower level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • On-Street Parking

Outdoor Features

  • Water Oriented
  • Property is near a lake

Schools

  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00014
  • Assessor Parcel Number 14-05901-00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,933

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1939
  • Remarks Public: Throw open the windows to the call of geese and slap of oars at this delightful 1939 Colonial on Princeton's Carnegie Lake. Masterfully mixing antique and modern, the home is imbued with the quaint charm of wood floors, and built-in china cabinets and bookcases, which meld seamlessly with a period-worthy, modernized kitchen appointed with chef-quality appliances, Corian and butcher block work surfaces, and terra cotta-tiled floor with inlay. Owned by only two families, all this beautifully maintained home needs is your personal touch. At its heart, a welcoming living room with fireplace opens on one side to a den and attached greenhouse, and on the other to a dining room. Or, dine al fresco on a stone terrace overlooking a yard that slopes gently to the peaceful lake and private boat launch.Upstairs, find a master suite plus two bedrooms. Two full baths on second floor. A partially finished walkout basement is equipped with home office, laundry room, and two multi-purpose rooms. This is water lover's dream come true, ideally located near downtown Princeton.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Lower Floor
  • Street Number Modifier: 721

Beds/Baths

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

Exterior Features

  • Construction Materials: Stucco
  • Access To Pool: No
  • Roof: Pitched
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No
  • Water Frontage In Feet: 1000

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • High School: PRINCETON
  • School District Key: 300200396175
  • High School: PRINCETON

Lot Info

  • Improvement Assessed Value: 210100.00
  • Land Assessed Value: 979500.00
  • Lot Size Acres: 0.39
  • Lot Dimensions: .39
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16988.00
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2143422
  • Tax Annual Amount: 26933.00
  • Assessor Parcel Number: 14-05901-00014
  • Tax Lot: 00014
  • Tax Year: 2016
  • Close Date: 10/21/2016

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2016
Closed on
Oct 28, 2016
Sold by
Denny Legacy Inheritance
Bought by
Fleischer Jason and Graham Mariah Warnock
Seller's Agent
Christina M. Callaway
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Michael Monarca
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Current Estimated Value
$1,596,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,138
Avg. Annual Appreciation
2.60%
Original Mortgage
$706,710
Outstanding Balance
$575,785
Interest Rate
3.47%
Estimated Equity
$1,050,877

Purchase Details

Closed on
Jul 22, 2014
Sold by
Denny John H and Denny Margaret Mcg
Bought by
Denny John H
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Fleischer Jason -- --
Denny John H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fleischer Jason $706,710
Closed Fleischer Jason --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $1,300,000 -13.0% --
09/23/2016 09/23/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $1,495,000 -- --
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 $29,907 $1,189,600 $979,500 $210,100
2023 $29,907 $1,189,600 $979,500 $210,100
2022 $28,931 $1,189,600 $979,500 $210,100
2021 $29,014 $1,189,600 $979,500 $210,100
2020 $28,788 $1,189,600 $979,500 $210,100
2019 $28,217 $1,189,600 $979,500 $210,100
2018 $27,741 $1,189,600 $979,500 $210,100
2017 $27,361 $1,189,600 $979,500 $210,100
2016 $26,933 $1,189,600 $979,500 $210,100
2015 $24,655 $1,114,600 $904,500 $210,100
2014 $24,354 $1,114,600 $904,500 $210,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003882531

Bright MLS

APN: 14-05901-0000-00014