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283 Prospect Avenue

283 Prospect Avenue, Princeton, NJ 08540
Property in Mercer
Sold Jun 21, 2017
$1,011,000
$909,000 by Princeton University
Mortgage
Sold May 07, 2008
$780,000
$560,000 by Trident Mortgage Co Lp
Mortgage
283 Prospect Avenue has been categorized by the local assessors in Princeton, NJ as a residential type of property. The building on the property was first built in 1962 and is 62 years old. The building has a total of 2 stories. In addition, 283 Prospect Avenue has 2,036 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,540 ft and across the front of the lot is 1,050 ft. The area measurement of the land has been determined as 16,170 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 283 Prospect Avenue was last sold in May 30, 2017 for $1,011,000. According to our calculations, that's $496.56 per sqft. Prior to that sales transaction, the property was sold for $780,000 in Apr 16, 2008. Current property owners are expected to pay $18,771 in taxes per year. The property on 283 Prospect Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $769,600. To break that down further, the land itself was valued at $496,000. While improvements to the property were assessed at a total of $273,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

Level Lot

Building Style

Contemporary
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,170
  • Lot Size Depth Feet: 1,540
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,036
  • Building Area: 2,036
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,036
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.371
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DABHOIWALA FARAMERZ
  • Current Owner 2: DUNKLEY JOANNA
  • Previous Owner : KLEIN ROGER L
  • Previous Owner 2: KLEIN ANNE M
  • Owner Before Previous Owner: ST JOHN CHRISTINE D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Princeton Public Schools
  • Census Tract: 004204

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: TAX MAP 56
  • District: 14
  • Parcel: 14 00056- 06-00110
  • Block: 56.06
  • Lot: 110
  • Municipality: PRINCETON
  • Latitude: 40.352
  • Longitude: -74.6391

    Address

  • Full Address: 283 Prospect Ave
  • Address - House Number: 283
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C014
  • 4-Digit Zip Code: 5334
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $18,771

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 73
  • Final Value: 1,194,622
  • High Value: 1,433,522
  • Low Value: 955,723

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $909,000
  • First Open Lien Mortgage Lender: PRINCETON UNIVERSITY
  • First Open Lien Mortgage Recording Date: Jun 21, 2017
  • First Open Lien Mortgage Loan Amount: $909,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $769,600
  • Market Land Value: $496,000
  • Market Improvement Value: $273,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $769,600
  • Assessed Land Value: $496,000
  • Assessed Improvements Value: $273,600

    Sales

  • Current Sale Contract Date: May 30, 2017
  • Current Sale Recording Date: Jun 21, 2017
  • Current Sale Transaction ID: 1589388394
  • Current Sale Price: $1,011,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017028078
  • Previous Sale Recording Date: May 07, 2008
  • Previous Sale Contract Date: Apr 16, 2008
  • Previous Sale Amount: $780,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRINCETON UNIVERSITY
  • First Mortgage Transaction Date: Jun 21, 2017
  • First Mortgage Loan Amount: $909,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT MORTGAGE CO LP
  • Previous Mortgage Transaction Date: May 07, 2008
  • Previous Mortgage Loan Amount: $560,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 283 Prospect Avenue located in?
The 283 Prospect Avenue is a located in the neighborhood of Mercer in Princeton, Princeton.
What is the average sales price for listings in 283 Prospect Avenue?
The average sales price for units in 283 Prospect Avenue is $0 currently.

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