321 WALNUT LANE
About This Property
While perfectly integrated into the neighborhood, this home stands out through its spacious living space, hardwood floors, and gorgeous backyard that is ideal for hosting guests, enjoying a beautiful evening on the porch or playing soccer in the spacious backyard. The fully fenced backyard is beautifully landscaped and framed by mature evergreens that will provide even greater privacy as they grow. Three fig trees, a wildflower garden, vegetable beds, and a cozy patio with a grilling area create a beautiful and inviting outdoor retreat complete with a storage shed.
The home features 4 bedrooms, 3.5 bathrooms with a den, a deck, one car attached garage and driveway parking. The den can be used as an additional bedroom, office, or playroom.
Each spacious bedroom is filled with abundant natural light. The airy primary suite features a walk-in closet, soaking tub, stall shower, and radiant heated flooring. The fully renovated kitchen opens to a bright dining area with large windows and sliding doors that fill the space with natural light, complemented by a cozy gas fireplace.
The home also offers two-zone heating and cooling, a whole-house generator, newer utilities (4yrs old), a newer roof ( 4years old).
A wonderful combination of thoughtful renovations, flexible living spaces, modern amenities, and an exceptional outdoor setting all in a highly desirable Princeton location.
This home has so much to offer! A rare find in Princeton that needs to be seen in person. You will want to call this home!
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Sold | ||
| Sold | |||
| Aug 30, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by Weichert Realtors - Princeton | $1,399,000 | |
| Listed by Weichert Realtors - Princeton | |||
| May 19, 2021 | Sold | ||
| Sold | |||
| Feb 19, 2021 | Listed by BHHS Fox & Roach Hopewell Valley | $675,000 | |
| Listed by BHHS Fox & Roach Hopewell Valley | |||
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Get ready to call this quaint Princeton split-level your new home! Situated on a corner lot in the bucolic Princeton North neighborhood, this charming house with major curb appeal is perfect for the first-time homebuyer with loads of renovation potential. It features 3 bedrooms, one and a half bathrooms, and a one-car garage. Hardwood floors are found throughout the house with a ceramic tiled kitchen. The lower level has a room perfectly fit for a rec room or office, with laundry room and a half bath off to the side. The upper level features a kitchen, formal dining room with picture window, a library with built-in shelving, and a large living room with a newer gas fireplace. Looking out the sliders from the living room is a large wooden deck overlooking a lovely, semi-private backyard. There are 2 storage attics, newer windows throughout, wooden shingled siding, and a just-serviced full house natural gas-powered generator. Located within walking distance is the Princeton Shopping Center, a variety of medical offices, Princeton High School, and Historic downtown Princeton. Conveniently located between New York and Philadelphia, and close to major highways and NJ Transit. Come see this cozy home today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017