HISTORIC CHARACTER, OVER 4,000 SQ FT & APPROXIMATELY 1.4 BEAUTIFUL
ACRES IN THE HEART OF PRINCETON! This distinctive ALL-BRICK HOME
offers the kind of space, character and setting that is
increasingly hard to find, all within the sought-after PRINCETON
SCHOOL DISTRICT. From the moment you arrive, this property
feels special. DOUBLE GATES, generous ROAD FRONTAGE and established
landscaping create an impressive setting, while the beautiful
ROCKING CHAIR FRONT PORCH invites you to slow down and enjoy the
charm of this early 1900s home. The approximately 1.4-ACRE lot
offers gorgeous established FLOWERS, GARDENS and outdoor spaces
with plenty of room to enjoy, entertain, garden and make the
property your own. Inside, you'll find OVER 4,000 SQ FT
filled with CHARACTER and a wonderfully versatile floor plan. The
UPDATED ISLAND KITCHEN features QUARTZ COUNTERTOPS, TILE BACKSPLASH
and a spacious everyday DINING AREA. A separate FORMAL DINING ROOM
provides additional space for entertaining and special gatherings.
The home offers 4 BEDROOMS along with a LARGE FAMILY ROOM,
ADDITIONAL LIVING ROOM and an expansive BONUS/FLEX SPACE, giving
you tremendous flexibility for a home office, recreation room,
hobbies, additional gathering space or whatever best fits your
lifestyle. The GREENHOUSE ROOM provides access to the garden area
and adds even more personality to this truly unique home.
Outside is where this property becomes even more special.
Enjoy approximately 1.4 ACRES with a GATED DRIVEWAY, FENCED
GROUNDS, mature landscaping and established garden areas, all while
being conveniently located within PRINCETON CITY LIMITS.
Known locally as the historic Gurley House, this property has
a wonderful history but has served as a PRIVATE RESIDENCE for the
past several years. For the buyer searching for MORE SPACE, MORE
LAND and a HOME WITH TRUE CHARACTER rather than another
cookie-cutter floor plan, this Princeton property is amazing!!
NOTE: Included in the total heated square footage is
approximately 635 SF with painted concrete flooring that is heated
and cooled. Total square footage also includes approximately 164 SF
in an upstairs bedroom without a dedicated vent that receives
heating and cooling from the hallway and upstairs units.
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%.
How much can I actually make?
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.
Parking Features: Concrete, Driveway, Gated, On Site, Open, Outside
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Built-in Features, Ceiling Fan(s), Chandelier, Double Vanity, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Vaulted Ceiling(s), Bathtub/Shower Combination, Kitchen/Dining Room Combination, Primary Downstairs, Quartz Counters
Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Oven, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s), Water Heater
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