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81 Cleveland Lane

81 Cleveland Lane, Princeton, NJ 08540
Property in Mercer
Sold Jun 01, 2022
$2,200,000
Sold Jun 24, 2009
$1,900,000
$1,000,000 by Gateway Funding Diversified Mt
Mortgage Due Jul 01, 2039
81 Cleveland Lane has been categorized by the local assessors in Princeton, NJ as a residential type of property. The building on the property was first built in 1929 and is 95 years old. In addition, 81 Cleveland Lane has 3,846 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,670 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 16,700 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 81 Cleveland Lane was last sold in May 13, 2022 for $2,200,000. According to our calculations, that's $572.02 per sqft. Prior to that sales transaction, the property was sold for $1,900,000 in Jun 11, 2009. Current property owners are expected to pay $43,428 in taxes per year. The property on 81 Cleveland Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,785,700. To break that down further, the land itself was valued at $750,000. While improvements to the property were assessed at a total of $1,035,700. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

Level Lot

Location

Private Lot

Building Style

Colonial
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,700
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,846
  • Building Area: 3,846
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,846
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.383
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : AUGUSTA J POWELL REVOCABLE TRUST
  • Previous Owner : BURKE JAMES C E
  • Previous Owner 2: BURKE PERNILLA A
  • Owner Before Previous Owner: STEPHENSON DIMITRIE
  • Owner Before Previous Owner 2: STEPHENSON MELANIE CECILIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Princeton Public Schools
  • Census Tract: 004502

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 4
  • District: 14
  • Parcel: 14 00004- 01-00006
  • Block: 4.01
  • Lot: 6
  • Municipality: PRINCETON
  • Latitude: 40.3501
  • Longitude: -74.675

    Address

  • Full Address: 81 Cleveland Ln
  • Address - House Number: 81
  • Address - Street Name: Cleveland
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C015
  • 4-Digit Zip Code: 3079
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $43,428

    Appraisal Valuation

  • Standard Deviation: 0.1106
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 88
  • Final Value: 2,347,636
  • High Value: 2,607,298
  • Low Value: 2,087,974

    Market Valuation

  • Market Total Value: $1,785,700
  • Market Land Value: $750,000
  • Market Improvement Value: $1,035,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,785,700
  • Assessed Land Value: $750,000
  • Assessed Improvements Value: $1,035,700

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Transaction ID: 11889624397
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 27042
  • Previous Sale Recording Date: Jun 24, 2009
  • Previous Sale Contract Date: Jun 11, 2009
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: GATEWAY FUNDING DIVERSIFIED MT
  • Previous Mortgage Transaction Date: Jun 24, 2009
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2039

About Princeton



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Frequently Asked Questions

What neighborhood is 81 Cleveland Lane located in?
The 81 Cleveland Lane is a located in the neighborhood of Mercer in Princeton, Princeton.
What is the average sales price for listings in 81 Cleveland Lane?
The average sales price for units in 81 Cleveland Lane is $0 currently.

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