Princeton Real Estate
Presented by Ingela Kostenbader: Welcome home to this meticulously maintained, sunlit home in the Riverside Sec
Here are other homes for sale in Princeton’s Riverside neighborhood:
Lake Carnegie Princeton
Riverside has become one of the fastest selling neighborhoods in Princeton. Why? (other than the fact that the author of this article lives there) several reason.
Proximity to downtown Princeton: The closer to town the more your home is worth. Period. Riverside is not only close to town but also within walking distance to Princeton’s largest employer, Princeton University.
Lot Sizes. If you have a house in Riverside that is .50 acres or more it is considered a conforming lot. Meaning, a buyer can buy the existing house and knock it down quite easily.
Beauty. Riverside is has mature trees, landscapes and views of Princeton’s only body of water. Lake Carnegie.
Riverside School. A neighbor once told me that choosing between the primary schools in Princeton is like choosing between Princeton, Harvard, Yale and Dartmouth for college. The Riverside school has long had a reputation as one of Princeton’s finest.
Want to make an appointment regarding real estate in Princeton’s Riverside Neighborhood. Call Josh Wilton direct at 609-577-6786.
Want to live in Princeton’s Riverside section? Here is a list of the available homes:
227 Prospect Ave, Princeton Borough – $990,126 – Beatrice Bloom
PROSPECT AVENUE, WHERE CONVENIENCE, LOCATION AND PRIVACY BLEND HARMONIOUSLY.
This intimate 5 bedroom, 3 bath home was built in 1949, sits on a beautiful lot with mature trees, landscaping and great curb appeal. It is a great home for families or independent adults who love to entertain. Enter the home through an enclosed stone foyerleading into a traditional living room with fireplace, built-in cabinets and bookshelves. The formal dining room has built in bookshelves, and opens to the rustic brick patio. The kitchen offers a combination of granite and Corian countertops, tile floors, double sink plus a pre-sink and tall cherry cabinetry and leads to a bright breakfast room, as well as a cozy family room overlooking the front yard. The 5 bedrooms and 3 baths are split into two wings. One wing offers 2 bedrooms, full bath, and one master suite with full bath en suite. The other wing offers two bedrooms and full bath, with access to an enclosed sun room overlooking the rustic patio and mature landscaping.
Special features: 3-car parking, hardwood floors, newer windows, an over sized 1 car garage, shed, and laundry area and plenty of storage in unfinished basement, outdoor lighting in front entry, side garage entry and patio area.
Want to search other homes for Sale in Princeton’s Riverside Neighborhood? Click here.
A great opportunity to rent in Princeton’s Riverside section. This warm and cozy four bedroom offers close proximity to schools, town and Princeton University. Warm yourself in front of the fireplace or enjoy the large backyard surrounded by mature trees.
Offered at only $2900. Click here Make an appointment to see this great Princeton rental home today.
Click here to search other comparable Princeton rental properties.
Looking to buy a home in Princeton’s Riverside Neighborhood? Here is list of all the homes for sale!
Tim McLaughlin, VP Weichert Financial Services
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors. NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in the first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. This is the first time the quarterly index broke the 200 mark since NAR began record keeping in 1970.
Furthermore, NAR’s index shows the median income family, earning just under $61,000, could afford a home costing $325,500 in the first quarter, which is more than double the national median existing single-family home price of $158,100. The median monthly mortgage principal and interest payment for a median-priced home would take only 13.5% of gross income, given the level of where historically low interest rates are.
A companion NAR index measuring the ability of first-time buyers to purchase a home also set a record, with the first-time buyer index reaching 135.8 in the first quarter. “For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” says NAR President Moe Veissi. ”
The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market and low interest rates aided borrowers.
The share of home loans at least 30 days late dropped to 7.40 percent from 7.58 percent in the previous three months, according to a report from the Mortgage Bankers Association. The rate peaked at 10.10 percent in the first quarter of 2010 and was last lower in the third quarter of 2008, when it was 6.99 percent.
“Delinquencies are clearly continuing to improve,” Michael Fratantoni, the group’s vice president of research and economics, said in a statement. “Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future.”
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It is not every day that a new homeowner can say that they paid over $1 million less than the asking price of a home. Yet that is exactly what the owners of 551 Lake Drive in Princeton’s Riverside neighborhood can say!
The original listing price of this Carnegie Lakefront home was $2.695 million. It closed this past week at $1.650 million. It was sold by Carina Dowell of the Weichert Princeton office. Listed since October of 2009 this completely renovated home took the better part of two years to sell!
It is a great time to get beautiful real estate as great prices! Looking for a lakefront home in Princeton’s Riverside Section, call Carina Dowell to make an appointment. (c) 908-304-8118. Good luck with your search!
