505 Berkshire Drive

Local assessors in Princeton, NJ have categorized 505 Berkshire Drive as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 1,249 square feet. If we look only at the heated or air conditioned part of the building, then 505 Berkshire Drive has a total of 1,958 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 505 Berkshire Drive sold most recently in Dec 21, 2007 for a total of $455,000. If you work out the math, that's approximately a cost of $232.38 per sqft. Before that, the property was also sold for $460,000 in Nov 21, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,175 in taxes each year. 505 Berkshire Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $199,000. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $139,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.