Check Availability
Mercer 08540
753 PROSPECT AVE
$1,975,000
House - In Contract

753 PROSPECT AVE

PRINCETON, NJ 08540
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3646 Sqft
$9,698
Estimated Monthly
$0
HOA / Fees

About This Property

Welcome to 753 Prospect Avenue, a captivating lakefront retreat in the coveted Riverside neighborhood of Princeton, NJ. This stunning property offers a panoramic view of Lake Carnegie and boasts a completely renovated solid brick main residence with a separate guest house, making it an ideal work-from-home oasis.

As you make your way down the Belgian block driveway, you'll be greeted by the meticulously renovated main house, featuring three fireplaces, solid hardwood floors throughout, and an open layout perfect for entertaining while soaking in the picturesque view of the lake. The elegant living room, adorned with a massive picture window, will leave you in awe. The newly renovated open gourmet kitchen is a chef's dream, with custom cabinets, stainless steel appliances, quartzite countertops, marble backsplashes, and ample space for entertaining in the adjoining sitting and dining areas. Additionally, the main floor offers a powder room and a formal dining room with French doors that open to one of two stone patios.

The second floor of the main house comprises four bedrooms, including a private master suite overlooking the lake, complete with a fireplace, large walk-in closet, and a tastefully renovated master bathroom featuring custom cabinets and a luxurious steam shower. The hall bath boasts a jetted whirlpool tub, and there's an upstairs laundry room for added convenience. Both upstairs baths have radiant heated floors, adding a touch of luxury to everyday living.

The detached and newly updated guest house, situated above the garage, offers a versatile space with a full bath, kitchenette, a spacious living area, and access to two cedar decks. Upstairs, a flex office/loft/sleeping area provides ample room for various uses. With wide views of Lake Carnegie, generous workspaces, and dedicated HVAC, this space is perfect for guests, remote work, or pursuing creative endeavors.

Completing this mini compound is direct lake access for your kayaks and canoes, as well as a built-in outdoor grill for al fresco dining. The property is conveniently located within walking distance to the bus to Manhattan and is in close proximity to the delightful shopping and dining options in downtown Princeton. Not to mention, it's part of the award-winning Princeton school district!

This home offers the perfect blend of elegance, functionality, and tranquility. Don't miss the opportunity to make this extraordinary lakefront property your own. Schedule a showing today and experience the allure of 753 Prospect Avenue.
Unit Size
3,646Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$542
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
Listed By
YAEL ZAKUT
COMPASS NEW JERSEY LLC
Last updated: 2 months ago (Bright MLS #NJME2040850)

Price History

Date / Event Date Event Price
Mar 28, 2024 In contract -
In contract
Mar 20, 2024 Listed by Compass New Jersey, LLC - Princeton $1,975,000
Listed by Compass New Jersey, LLC - Princeton
Oct 28, 2022 Sold $1,850,000
Sold
Mar 7, 2022 Listed by Queenston Realty, LLC $1,850,000
Listed by Queenston Realty, LLC
This lakefront retreat has it all: a stunning view of Lake Carnegie, a totally renovated solid brick main residence, and a stand-alone guest house that offers an ideal work from home oasis in the coveted Riverside neighborhood. Walk down the Belgian block driveway and you will find a meticulously renovated main house with 3 fireplaces, solid hardwood floors throughout, and an open flow ideal for entertaining and taking in the view. You will be wowed when you enter the elegant living room…
Dec 10, 2015 Sold to Adam Scheer, Michael Scheer $1,400,000
Sold to Adam Scheer, Michael Scheer
Show More

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Garage Features: Oversized
Parking Features: Driveway, Detached Garage
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details

Bedroom Information

Bedrooms on Main Level: 5

Interior Information

Living Area Square Feet Source: Estimated

Basement Information

Has Basement
Unfinished

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 5,482
  • Building Area: 5,482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,482
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.5
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCHEER ADAM
  • Current Owner 2: SCHEER MICHAEL
  • Previous Owner : MEDICI CARLO
  • Previous Owner 2: MEDICI TERESA
  • Owner Before Previous Owner: MILLER GEORGE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 59
  • Account Number: 00001543
  • District: 14
  • Parcel: 14 05901-0000-00022
  • Block: 5901
  • Lot: 22
  • Municipality: PRINCETON
  • Latitude: 40.365
  • Longitude: -74.6272

    Address

  • Full Address: 753 Prospect Ave
  • Address - House Number: 753
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C014
  • 4-Digit Zip Code: 4080
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,559

    Appraisal Valuation

  • Standard Deviation: 0.1101
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 1,847,546
  • High Value: 2,051,072
  • Low Value: 1,644,019

    Market Valuation

  • Market Total Value: $1,585,500
  • Market Land Value: $725,000
  • Market Improvement Value: $860,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,585,500
  • Assessed Land Value: $725,000
  • Assessed Improvements Value: $860,500

    Sales

  • Current Sale Contract Date: Nov 11, 2015
  • Current Sale Recording Date: Dec 10, 2015
  • Current Sale Transaction ID: 1381404588
  • Current Sale Price: $1,400,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2015055011
  • Previous Sale Recording Date: Jul 01, 1998
  • Previous Sale Contract Date: Jun 18, 1998
  • Previous Sale Amount: $595,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 10, 2015
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CENDANT MORTGAGE
  • Previous Mortgage Transaction Date: Jul 01, 1998
  • Previous Mortgage Loan Amount: $470,000
  • Previous Mortgage Term: 360

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
6 Baths
4,101 ft²
$487/ft²
$1,999,000 Apr 1, 2015
$1,999,000 Dec 4, 2015
-
House
4 Beds
4 Baths
-
$1,850,000 Mar 7, 2022
$1,850,000 Oct 28, 2022
-
House
4 Beds
4 Baths
-
$1,820,000 Feb 29, 2016
$1,820,000 Aug 26, 2016
-
House
5 Beds
4 Baths
3,972 ft²
$504/ft²
$2,000,000 Mar 20, 2024
-
-
In Contract
House
5 Beds
4 Baths
4,138 ft²
$480/ft²
$1,985,000 Mar 14, 2024
-
-

About Mercer


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Frequently Asked Questions

When was property at 753 Prospect Avenue built and last sold?
The property at 753 Prospect Avenue was built in 1979 and last sold on Nov 11, 2015 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 753 Prospect Avenue is $1,994,750.
What are some comparable homes to 753 Prospect Avenue?
Homes that are comparable to 753 Prospect Avenue include a house property at 23 Littlebrook Road, 686 Prospect Avenue, 753 Prospect Avenue.

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