NOT LISTED FOR SALE

81 Cleveland Ln Princeton, NJ 08540

Estimated Value: $2,582,491 - $3,288,000

5 Beds
3.5 Baths
-- Sq Ft
0.38 Acres

Last Sold May 26, 2022

Last sale price $2,200,000

Est. 30% increase in value since last sale

Current estimated payment $18,946/month

1 Day on Market

Highlights

  • Dual Staircase
  • Colonial Architecture
  • Recreation Room
  • Community Park Elementary School Rated A+
  • Private Lot
  • Wood Flooring

About This Home

As of May 2022

This classic stroll-to-town Western Section Colonial is solidly built of brick and accented with copper gutters and an iron-crowned portico. The center hall foyer features elegant arched doorways and a view straight through to the private backyard and broad stone patio. The sunny living room with wood burning fireplace and built in bookcases is a welcoming room off of the foyer. In the modernized kitchen, stainless steel countertops, Sub Zero, Fisher-Paykel, Miele and Dacor appliances feel just right paired with a butcher block island and whitewashed checked wood floor. A breakfast and lounge area openly adjoin and amp up the natural light via French doors. A mudroom is essential these days, as is a charging station for your EV. In addition to a tucked away sunroom, you’ll find quiet spots to work or relax upstairs, where an office with one of 2 fireplaces joins a flexible bedroom suite. A bright, customized, walk-in closet and a decadent, dual rain head shower are noteworthy main suite amenities. Three more bedrooms, 2 of which enjoy extra privacy atop the back stairs, and a smart laundry room complete the second level. The finished 2-room top floor is ready to serve and adapt to any need: play, exercise, hobbies, sleepovers - anything goes!
SHOWINGS WILL BEGIN AT THE OPEN HOUSE ON SUNDAY, APRIL 3, 2-4PM.

Last Agent to Sell the Property

Kathleen Mandzij

Callaway Henderson Sotheby's Int'l-Princeton License #1326715 Listed on: 04/03/2022

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Susan Cook

Callaway Henderson Sotheby's Int'l-Princeton License #15152

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,553

Year Built

  • Built in 1929

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100.00 x 167.00
  • Private Lot
  • Level Lot
  • Back Yard
  • Property is in very good condition
  • Property is zoned R1

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Cedar

Interior Spaces

  • Property has 2.5 Levels
  • Dual Staircase
  • Built-In Features
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Living Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Storage Room
  • Unfinished Basement
  • Partial Basement
  • Attic Fan

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Butlers Pantry
  • Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Cedar Closet
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Central Air
  • Radiator
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 14-00004 01-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,553

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2022-04-03
  • Year Built: 1929
  • Automatically Close On Close Date: No
  • Remarks Public: This classic stroll-to-town Western Section Colonial is solidly built of brick and accented with copper gutters and an iron-crowned portico. The center hall foyer features elegant arched doorways and a view straight through to the private backyard and broad stone patio. The sunny living room with wood burning fireplace and built in bookcases is a welcoming room off of the foyer. In the modernized kitchen, stainless steel countertops, Sub Zero, Fisher-Paykel, Miele and Dacor appliances feel just right paired with a butcher block island and whitewashed checked wood floor. A breakfast and lounge area openly adjoin and amp up the natural light via French doors. A mudroom is essential these days, as is a charging station for your EV. In addition to a tucked away sunroom, you’ll find quiet spots to work or relax upstairs, where an office with one of 2 fireplaces joins a flexible bedroom suite. A bright, customized, walk-in closet and a decadent, dual rain head shower are noteworthy main suite amenities. Three more bedrooms, 2 of which enjoy extra privacy atop the back stairs, and a smart laundry room complete the second level. The finished 2-room top floor is ready to serve and adapt to any need: play, exercise, hobbies, sleepovers - anything goes! SHOWINGS WILL BEGIN AT THE OPEN HOUSE ON SUNDAY, APRIL 3, 2-4PM.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Oven - Single, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring Type: Hardwood, Partially Carpeted, Ceramic Tile
  • Interior Amenities: Additional Stairway, Attic/House Fan, Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Cedar Closet(s), Dining Area, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Stall Shower, Tub Shower, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2.5
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Breakfast Room, Bedroom 1, Sun/Florida Room, Laundry, Office, Recreation Room, Storage Room
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Upper Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 81

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Cedar
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • 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
  • School District Key: 300200396175
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 1035700.00
  • Land Assessed Value: 750000.00
  • Lot Features: Level, Private, Rear Yard
  • Lot Size Acres: 0.38
  • Lot Dimensions: 100.00 x 167.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16700.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2138428
  • Tax Annual Amount: 43553.00
  • Assessor Parcel Number: 14-00004 01-00006
  • Tax Lot: 00006
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/26/2022

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2022
Closed on
May 13, 2022
Sold by
Burke James C E and Burke Pernilla A
Bought by
Augusta J Powell Revocable Trust
Seller's Agent
Kathleen Mandzij
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Susan Cook
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$2,250,000
Sold Price
$2,200,000
Premium/Discount to List
-$50,000
-2.22%
Total Days on Market
1
Current Estimated Value
$2,865,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$665,123
Avg. Annual Appreciation
8.91%

Purchase Details

Closed on
Jun 11, 2009
Sold by
Stephenson Dimitrie and Stephenson Melanie Cecilia
Bought by
Burke James Ce and Burke Pernilla A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2009
Sold by
Stephenson Dimitrie and Stephenson Melanie Cecilia
Bought by
Burke James C E and Burke Pernilla A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2004
Sold by
Brooks Wesley
Bought by
Stephenson Dimitrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.58%

Purchase Details

Closed on
Apr 5, 2002
Sold by
Georgantas Aristides
Bought by
Brooks Wesley and Brooks Cathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
7.18%
Source: Public Records

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Range of Values:

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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
Augusta J Powell Revocable Trust $2,200,000 Cutler Kenneth R
Burke James Ce $1,900,000 --
Burke James C E $1,900,000 Old Republic National Title
Stephenson Dimitrie $1,575,100 --
Brooks Wesley $1,360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke James C E $1,000,000
Previous Owner Burke James C E $1,003,000
Previous Owner Burke James Ce $1,000,000
Previous Owner Burke James C E $1,000,000
Previous Owner Stephenson Dimitrie $1,100,000
Previous Owner Brooks Wesley $1,020,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $2,200,000 -2.2% --
04/05/2022 04/05/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $2,250,000 -- --
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 $44,893 $1,785,700 $750,000 $1,035,700
2023 $44,893 $1,785,700 $750,000 $1,035,700
2022 $43,428 $1,785,700 $750,000 $1,035,700
2021 $43,553 $1,785,700 $750,000 $1,035,700
2020 $43,214 $1,785,700 $750,000 $1,035,700
2019 $42,357 $1,785,700 $750,000 $1,035,700
2018 $41,643 $1,785,700 $750,000 $1,035,700
2017 $41,071 $1,785,700 $750,000 $1,035,700
2016 $40,428 $1,785,700 $750,000 $1,035,700
2015 $39,500 $1,785,700 $750,000 $1,035,700
2014 $39,018 $1,785,700 $750,000 $1,035,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2014238

Bright MLS

APN: 14-00004-01-00006