See Home Value
Mercer 08540
51 GRASMERE WAY
$2,050,000
House - Off Market

51 GRASMERE WAY

PRINCETON, NJ 08540
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
$2,556,545
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Located in a leafy enclave just off of Princeton's most picturesque winding road, close to a selection of renowned schools, sports fields and charming Pretty Brook Tennis Club, this all brick house has no shortage of space or style. Under a brand new roof, every room is airy and generous in scale beginning with the foyer, where custom iron balusters line the wide hardwood staircase. Ahead, the dining room has French doors to an amazing stone terrace running the length of the house, complete with a built-in spa. A handsomely detailed study crowned with a barrel vaulted ceiling was added off the living room offering a perfect work-from-home situation. In the well-planned kitchen, double sinks overlook a meadow alive with the sights and sounds of nature. A sunroom adjoining the two-story family room may be the most relaxing spot to savor the surroundings. The 4/5-bedroom floor plan offers ultimate flexibility with a main level suite, an exceptionally private suite atop the back stairs and a luxurious main suite with a marble-tiled bathroom. Even the finely finished basement is full of useful space.
Unit Size
-
Days on Market
128 days
Land Size
0.69 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,975
HOA Dues
$1,867
Year Built
1997
Last updated: 2 years ago (Bright MLS #NJME307078)

Price History

Date / Event Date Event Price
Jun 10, 2021 Sold to Min Chen, Zhihai Qin $2,050,000
Sold to Min Chen, Zhihai Qin
Jan 24, 2021 Listed by Callaway Henderson Sotheby's Int'l-Princeton $2,185,000
Listed by Callaway Henderson Sotheby's Int'l-Princeton

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 5,114
  • Building Area: 5,114
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,114
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : QIN ZHIHAI
  • Current Owner 2: CHEN MIN
  • Previous Owner : WATTS COLIN F
  • Previous Owner 2: WATTS AURIEL G
  • Owner Before Previous Owner: CLARK KENNETH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Princeton Public Schools
  • Census Tract: 004203

Zoning

  • Zoning: R1AH

Geography

  • Assessors Map Reference: TAX MAP 35
  • District: 14
  • Parcel: 14 03501-0000-00005- 18
  • Block: 3501
  • Lot: 5.18
  • Municipality: PRINCETON
  • Latitude: 40.3627
  • Longitude: -74.6962

    Address

  • Full Address: 51 Grasmere Way
  • Address - House Number: 51
  • Address - Street Name: Grasmere
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Princeton
  • Carrier Code: R002
  • 4-Digit Zip Code: 7548
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,877
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 73
  • Final Value: 2,150,414
  • High Value: 2,573,726
  • Low Value: 1,727,101

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,640,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jun 10, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,640,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $1,475,200
  • Market Land Value: $569,000
  • Market Improvement Value: $906,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,475,200
  • Assessed Land Value: $569,000
  • Assessed Improvements Value: $906,200

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: Jun 10, 2021
  • Current Sale Transaction ID: 11839906413
  • Current Sale Price: $2,050,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021035498
  • Previous Sale Recording Date: Sep 06, 2005
  • Previous Sale Contract Date: Aug 17, 2005
  • Previous Sale Amount: $2,275,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jun 10, 2021
  • First Mortgage Loan Amount: $1,640,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HOPE BANK
  • Previous Mortgage Transaction Date: Sep 06, 2005
  • Previous Mortgage Loan Amount: $1,502,000
  • Previous Mortgage Term: 360



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
6,545 ft²
$351/ft²
$2,300,000 Jul 16, 2023
-
$1,500/mo

About Mercer


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Frequently Asked Questions

When was property at 51 Grasmere Way built and last sold?
The property at 51 Grasmere Way was built in 1997 and last sold on May 14, 2021 for $2,050,000.
How much is this home worth?
The estimated value of the home located at 51 Grasmere Way is $2,206,850.
What are some comparable homes to 51 Grasmere Way?
There are currently no comparable homes to 51 Grasmere Way.

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