85 Elm Rd Princeton, NJ 08540
Estimated Value: $1,748,000 - $1,980,000
4
Beds
3
Baths
3,135
Sq Ft
$585/Sq Ft
Est. Value
Highlights
- Commercial Range
- Curved or Spiral Staircase
- Wood Flooring
- Community Park Elementary School Rated A+
- Midcentury Modern Architecture
- Main Floor Bedroom
About This Home
As of October 2022If you’re passionate about mid-century modern architecture, then welcome to this 1950’s classic, located in the coveted Western Section of Princeton. Originally a single-story, designed by architect Geoffrey Lawford, the current owners substantially expanded the footprint with two additions, in the 1990’s and in the 2000’s. Clean lines, muted curves, high ceilings and large windows add to the interior design based on functionality with an open floor plan where indoor and outdoor spaces converge. First floor living begins at a wide entrance hall which leads to an expansive living and dining area with high beam ceilings and walls of glass that showcase that outdoor pergola covered patio and grounds. An adjacent family room separated by glass doors was part of the 1990’s addition that also includes a fourth bedroom, a third full bathroom, mudroom, laundry area and a spiral staircase to a lofty study with access to an open-air balcony. A spectacular kitchen addition and renovation by Tobias Design in the mid 2000’s, continued the elevated ceiling theme this time with a modern coffer design enhanced by perfectly placed square windows above and tall windows in the breakfast room below. A center island with built-in bookshelves is flanked by floor-to-ceiling maple cabinets, soapstone counters and stainless steel appliances. The bedroom wing to the left of the entrance hall has two bedrooms that share a full hall bathroom and a primary suite with a private full bathroom. The property also boasts a creative history with frequent visits by William Faulkner, who wrote a portion of the novel A Fable, in one of the bedrooms and Albert Einstein who played sonatas with the concert pianist homeowner in the living room. Walking distance to town, the university, restaurants, the theater and so much more. (The property is accessed by Allison Drive, a private one-way street at the corner of Elm.)
Last Agent to Sell the Property
Coldwell Banker Residential Brokerage - Princeton Listed on: 07/29/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,187
Year Built
- Built in 1953
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 100.00 x 200.00
- Property is Fully Fenced
- Privacy Fence
- Property is in very good condition
- Property is zoned R1
HOA Fees
- $21 Monthly HOA Fees
Home Design
- Midcentury Modern Architecture
- Contemporary Architecture
- Rambler Architecture
- Flat Roof Shape
- Block Foundation
- Copper Roof
- Wood Siding
Interior Spaces
- 3,135 Sq Ft Home
- Property has 1 Level
- Curved or Spiral Staircase
- Built-In Features
- Beamed Ceilings
- Non-Functioning Fireplace
- Mud Room
- Family Room
- Combination Dining and Living Room
- Breakfast Room
- Den
- Unfinished Basement
- Partial Basement
- Laundry on main level
Kitchen
- Eat-In Kitchen
- Commercial Range
- Dishwasher
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Primary Bedroom
- 3 Full Bathrooms
Parking
- 8 Parking Spaces
- 8 Driveway Spaces
- Gravel Driveway
Accessible Home Design
- Halls are 36 inches wide or more
- No Interior Steps
Schools
- Community Park Elementary School
- Prin. Midd Middle School
- Princeton High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- Western Subdivision
Listing and Financial Details
- Tax Lot 00062
- Assessor Parcel Number 14-00010 02-00062
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2022
Closed on
Oct 6, 2022
Sold by
Heckscher Charles C
Bought by
Hattemer Andrew and Mo Stephanie
Seller's Agent
Heidi Hartmann
Coldwell Banker Residential Brokerage - Princeton
Buyer's Agent
Beth Kearns
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$1,535,000
Sold Price
$1,500,000
Premium/Discount to List
-$35,000
-2.28%
Total Days on Market
12
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,822
Avg. Annual Appreciation
8.03%
Original Mortgage
$1,000,000
Outstanding Balance
$967,980
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$866,842
Purchase Details
Closed on
Sep 30, 1992
Bought by
Heckscher Charles C and Lavinia Hall
Similar Homes in Princeton, NJ
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hattemer Andrew | $1,500,000 | First American Title | |
| Heckscher Charles C | $305,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hattemer Andrew | $1,000,000 | |
| Previous Owner | Hall Lavinia | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2022 10/21/22 | Sold | $1,500,000 | -2.3% | $478 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 07/29/2022 07/29/22 | For Sale | $1,535,000 | -- | $490 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $24,931 | $991,700 | $665,000 | $326,700 |
| 2023 | $24,931 | $991,700 | $665,000 | $326,700 |
| 2022 | $24,118 | $991,700 | $665,000 | $326,700 |
| 2021 | $24,188 | $991,700 | $665,000 | $326,700 |
| 2020 | $23,999 | $991,700 | $665,000 | $326,700 |
| 2019 | $23,523 | $991,700 | $665,000 | $326,700 |
| 2018 | $23,126 | $991,700 | $665,000 | $326,700 |
| 2017 | $22,809 | $991,700 | $665,000 | $326,700 |
| 2016 | $22,452 | $991,700 | $665,000 | $326,700 |
| 2015 | $21,936 | $991,700 | $665,000 | $326,700 |
| 2014 | $20,928 | $957,800 | $665,000 | $292,800 |
Source: Public Records
Agents Affiliated with this Home
-
Heidi Hartmann
Seller's Agent in 2022
Heidi Hartmann
Coldwell Banker Residential Brokerage - Princeton
(609) 658-3771
27 in this area
103 Total Sales
-
Beth Kearns
Buyer's Agent in 2022
Beth Kearns
Callaway Henderson Sotheby's Int'l-Princeton
(609) 847-5173
2 in this area
26 Total Sales
Map
Source: Bright MLS
MLS Number: NJME2020248
APN: 14-00010-02-00062
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