1 W CARTWRIGHT DRIVE
About This Property
And then there's the backyard. Some backyards are beautiful. This one is just a little short of heaven.
Designed to feel like your own private resort, every corner invites you to slow down and savor the moment. Imagine summer afternoons by the sparkling in-ground pool, evenings gathered beneath the pergola, quiet mornings with coffee under the retractable awning, and weekends filled with laughter, backyard barbecues, volleyball games, or simply watching the sunset from one of several inviting seating areas. It is a space where children can run freely, friends never seem to leave, and ordinary weekends become lifelong memories. Thoughtful updates; including a newer water heater, pool filter and motor, along with meticulous maintenance throughout-reflect the exceptional pride of ownership that is evident in every room. Perfectly located just minutes from major highways, shopping, highly regarded schools, and only two miles from the Princeton Junction train station, this home offers not only exceptional convenience but a lifestyle that is increasingly difficult to find.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 22, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Listed by BHHS Fox & Roach - Princeton | $1,040,000 | |
| Listed by BHHS Fox & Roach - Princeton | |||
| Aug 17, 2020 | Sold | ||
| Sold | |||
| Mar 13, 2020 | Listed by BHHS Fox & Roach - Princeton | $669,000 | |
| Listed by BHHS Fox & Roach - Princeton | |||
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Searching for the perfect home both inside and outside then look no further -- this home offers it all. A North/Northeast facing classic colonial that provides for everything today's buyer demands. Beginning with the curb appeal and professional landscaping, the home has a stately presence which invites you to enter and discover what is inside. Upon entering the spacious foyer you are led into either the formal living room, formal dining room or down the hall into a fully updated kitchen. Hardwood or tile flooring throughout the entire home is just the beginning. The open floor plan keeps the kitchen, breakfast nook and family room connected. The gourmet kitchen is well appointed with high-end cabinets and features stainless appliances including Sub-Zero refrigerator, Dacor stovetop, NEW dishwasher and a Thermador hood which provides an extra powerful exhaust fan which vents outside. The granite counters, tile backsplash, recessed lighting and the abundance of cabinet space completes this well thought out and efficiently designed kitchen. An added bonus is the three-season sunroom which allows in plenty of daylight and invites views of the tranquil resort-like backyard setting. Not to be missed in the family room is the gas fireplace with brick-front and built-ins that creates a warm and comfortable sitting area to enjoy the morning paper and coffee. Completing the main level is a 5th bedroom/office, half bath along with the laundry area that leads into a 2-car garage. Moving onto the second level - the master suite is enhanced by the NEWLY updated master bath and walk-in closet. In addition, the second level provides 3 additional good size bedrooms and a NEWLY updated hall bath. Beyond the interior is the beautifully landscaped and fenced resort style backyard designed for everyone in the family... it's just like having your own private oasis. The expansive deck includes a pergola, retractable awning and an additional hot tub area. In addition, there are multiple seating areas around the patio that surrounds the in-ground swimming pool. Even with all of that there is still plenty of space for a game of volleyball or tag football during the backyard bbq. The pride in ownership abounds from the additional updates including new hot water heater (2019), new swimming pool filter/motor (2019) and much more. Located within minutes of highways, schools, shopping and only 2 miles to the Princeton Junction train station. You won't be able to wait to invite your family and friends to visit.
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017