See Home Value
Mercer 08540
521 LAKE DR
$3,200,000
● House - Off Market

521 LAKE DR

PRINCETON, NJ 08540
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
$15,468
Est. Monthly

About This Property

Pristine views across Lake Carnegie and direct access to the water make this stunning

Riverside home on a full acre positively irresistible. Fortunate residents have been so

enamored, in fact, that the property has changed hands only once! The current owners

greatly expanded the interior to create bright, functional spaces that maximize views.

Choose your favorite spot to watch birds and boats glide over the serene water: the

living room's wide window seat or a bank of windows beside the breakfast table. Invite

friends to spectate as elite athletes prepare for world-class regattas. There's room for all

on the Trex deck, the stone patio below and out on the lawn, gently easing down toward

the water. The home's charming, nestled-in facade belies an airy interior with more

space than imaginable, including a multi-room lower level with a game room and a

fireplace. A gas fireplace provides easy ambiance in the open family room above.

Updates to the kitchen over the last several years include quartz countertops, new

appliances and new lighting. The nearby mudroom is more than ample and opens to an

absolutely spotless garage. The private areas of the first floor can be found down a

quiet corridor. A den and an office offer more lovely views and a guest suite is perfectly

suited for extended stays. The upper level was carefully planned so that separate pairs

of bedrooms each share a roomy bath and the primary suite is a three-room sanctuary.

The primary's skylit sitting room opens to a dressing room for two and a bath with more

quartz countertops and a spa tub. There are still more secondary spaces to discover

and use as you please. A superb setting, abundant space and an overall warmth that's

undeniably tasteful and timeless are a magical combination that won't be found again!
Unit Size
-
Days on Market
78 days
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$4,376
HOA Dues
-
Year Built
1957

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Last updated: 3 years ago (Bright MLS #NJME2041594)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Sold
Apr 25, 2024 In contract -
In contract
Apr 17, 2024 Listed by Callaway Henderson Sotheby's Int'l-Princeton $3,150,000
Listed by Callaway Henderson Sotheby's Int'l-Princeton

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 5,032
  • Building Area: 5,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 88
  • Account Number: 00001490
  • District: 14
  • Parcel: 14 08801-0000-00003
  • Block: 8801
  • Lot: 3
  • Municipality: PRINCETON
  • Latitude: 40.347
  • Longitude: -74.63

    Address

  • Full Address: 521 Lake Dr
  • Address - House Number: 521
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C024
  • 4-Digit Zip Code: 5632
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $5,094,095

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Oct 12, 2022
  • Confidence Score: 70
  • Final Value: 2,481,377
  • High Value: 2,841,275
  • Low Value: 2,121,478

    Market Valuation

  • Market Total Value: $2,088,600
  • Market Land Value: $1,317,500
  • Market Improvement Value: $771,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,088,600
  • Assessed Land Value: $1,317,500
  • Assessed Improvements Value: $771,100

    Sales

  • Current Sale Contract Date: Nov 15, 1999
  • Current Sale Recording Date: Nov 16, 1999
  • Current Sale Price:
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mercer


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Frequently Asked Questions

When was property at 521 Lake Drive built and last sold?
The property at 521 Lake Drive was built in 1957 and last sold on Nov 15, 1999 for $825,000.
How much is this home worth?
The estimated value of the home located at 521 Lake Drive is $0.
What are some comparable homes to 521 Lake Drive?
There are currently no comparable homes to 521 Lake Drive.