$1,100,000
SOLD NOV 5, 2024

73 Drakes Corner Rd Princeton, NJ 08540

4 Beds
4 Baths
-- Sq Ft
1955 Built

Recently Sold

15% Below List Price

102 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • Great Room
  • Johnson Park School Rated A+
  • Main Floor Bedroom
  • No HOA

About This Home

As of November 2024

Welcome to 73 Drakes Corner Road, a captivating blend of charm and space nestled in the heart of Princeton, NJ. This remarkable property offers a quintessential New England Style Salt Box home on a sprawling lot adorned with native and specimen planted trees, open yard, and tall woods.
Originally built in 1955, this home has been thoughtfully expanded over the years, embracing its heritage while incorporating a flexible floor plan. Boasting 3 to 4 bedrooms and 4 baths, this home itself affords ample space for comfortable living. The charm of yesteryear welcomes all upon entry and the dramatic living room features a stunning bluestone floor, setting the stage for memorable gatherings or quiet evenings by the fireplace. Throughout the home, pegged oak random-width floors and stone fireplaces, add warmth and character to the living spaces. As the heart of the home, the kitchen offers a perfect blend of functionality and convenience. Immediately open to the breakfast area and overlooking the rear yard, the kitchen is an inviting space for culinary creations and casual dining alike. On the main level, beyond the study, the dining room and the living room, the primary suite, (which offers the ability to be two separate bedrooms with their own exterior entrance) provides a nearby, yet tranquil sanctuary at the end of the day. Two additional bedrooms and baths on the second floor offer as needed versatility. Outside, the enchanting landscape beckons you to explore and unwind. The expansive yard provides plenty of space for outdoor activities, while the surrounding woods offer a connection to nature. Enjoy al fresco dining on the patio or simply relax and soak in the beauty of your surroundings. Conveniently located just 3.5 miles from Nassau Street in downtown Princeton, this property offers the perfect balance of tranquility and accessibility. Experience the best of both worlds – the serenity of country living with the amenities of city life just moments away. The house, in need of some TLC, is being sold strictly as-is and represents an extraordinary opportunity. Come see!

Last Agent to Sell the Property

Judson Henderson

(609) 651-2226 jhenderson@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9231366 Listed on: 03/14/2024

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Barbara Blackwell

(609) 915-5000 bblackwell@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8531203

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry

Home Design

  • Colonial Architecture
  • Block Foundation
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Beamed Ceilings
  • Skylights
  • Casement Windows
  • Great Room
  • Living Room
  • Formal Dining Room
  • Library
  • Unfinished Basement
  • Partial Basement
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Schools

  • Johnson Park Elementary School
  • J Witherspoon Middle School
  • Princeton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heating System Powered By Leased Propane
  • Well
  • Oil Water Heater

Additional Features

  • In Ground Pool
  • Property is zoned RB

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 14-00301-00002

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-03-16
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 73 Drakes Corner Road, a captivating blend of charm and space nestled in the heart of Princeton, NJ. This remarkable property offers a quintessential New England Style Salt Box home on a sprawling lot adorned with native and specimen planted trees, open yard, and tall woods. Originally built in 1955, this home has been thoughtfully expanded over the years, embracing its heritage while incorporating a flexible floor plan. Boasting 3 to 4 bedrooms and 4 baths, this home itself affords ample space for comfortable living. The charm of yesteryear welcomes all upon entry and the dramatic living room features a stunning bluestone floor, setting the stage for memorable gatherings or quiet evenings by the fireplace. Throughout the home, pegged oak random-width floors and stone fireplaces, add warmth and character to the living spaces. As the heart of the home, the kitchen offers a perfect blend of functionality and convenience. Immediately open to the breakfast area and overlooking the rear yard, the kitchen is an inviting space for culinary creations and casual dining alike. On the main level, beyond the study, the dining room and the living room, the primary suite, (which offers the ability to be two separate bedrooms with their own exterior entrance) provides a nearby, yet tranquil sanctuary at the end of the day. Two additional bedrooms and baths on the second floor offer as needed versatility. Outside, the enchanting landscape beckons you to explore and unwind. The expansive yard provides plenty of space for outdoor activities, while the surrounding woods offer a connection to nature. Enjoy al fresco dining on the patio or simply relax and soak in the beauty of your surroundings. Conveniently located just 3.5 miles from Nassau Street in downtown Princeton, this property offers the perfect balance of tranquility and accessibility. Experience the best of both worlds – the serenity of country living with the amenities of city life just moments away. The house, in need of some TLC, is being sold strictly as-is and represents an extraordinary opportunity. Come see!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entry Level Bedroom, Exposed Beams, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Walk-In Closet(s)
  • Window Features: Skylights, Casement
  • Fireplace: No
  • Foundation Details: Block, Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Library, Bedroom 1, Great Room, Laundry
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 73

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Pool Features: In Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil, Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: JOHNSON PARK
  • Middle School: J WITHERSPOON
  • High School: PRINCETON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396175
  • School District Source: Listing Agent
  • Elementary School: JOHNSON PARK
  • High School: PRINCETON
  • Middle Or Junior School: J WITHERSPOON

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2022
  • Zoning: RB

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14-00301-00002
  • Tax Lot: 00002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/05/2024

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Oct 30, 2024
Sold by
Princeton Academy Of The Sacred Heart In
Bought by
Carman Roy L and Carman Catherine L
Seller's Agent
Judson Henderson
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Barbara Blackwell
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%
Views
176
Current Estimated Value
$1,162,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,139
Avg. Annual Appreciation
-0.50%

Purchase Details

Closed on
May 6, 2016
Sold by
Long David A and Long Alice St Claire
Bought by
Princeton Academy Of The Sacred Heart In

Purchase Details

Closed on
Dec 28, 1999
Sold by
Peyton Theodore
Bought by
Long David and Long Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.91%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Bargain Sale Deed $1,100,000 Old Republic Title
Bargain Sale Deed $1,100,000 Old Republic Title
Deed $1,400,000 None Available
Deed $775,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 Unknown
Previous Owner $600,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $1,100,000 -7.9% --
06/24/2024 06/24/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $1,195,000 -7.7% --
03/14/2024 03/14/24 For Sale $1,295,000 -- --
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
2025 -- $895,700 $630,000 $265,700
2024 -- $1,341,800 $662,000 $679,800
2023 -- $1,341,800 $662,000 $679,800
2022 -- $1,341,800 $662,000 $679,800
2021 $0 $1,341,800 $662,000 $679,800
2020 $30,378 $1,341,800 $662,000 $679,800
2019 $30,378 $1,341,800 $662,000 $679,800
2018 $0 $1,341,800 $662,000 $679,800
2017 $0 $1,341,800 $662,000 $679,800
2016 $30,378 $1,341,800 $662,000 $679,800
2015 $29,681 $1,341,800 $662,000 $679,800
2014 $29,318 $1,341,800 $662,000 $679,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2040220

Bright MLS

APN: 14-00301-0000-00002