2 months on rocket

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114-118 Birch Ave, Princeton, NJ, 08542

$895,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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114-118 Birch Ave, Princeton$895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAsphalt Driveway, Driveway
Year Built1920
HeatingOther
CoolingWindow Unit(s)
BasementYes
MLS #NJME2038932
Lot Size0.14 Acres
Active DateJanuary 31, 2024
StatusComing Soon
(COMING SOON)

About 114-118 Birch Ave

Pleasant neighborhood of a nicely maintained mix of single family residences and some multi-family buildings. This rare-find offering includes two distinct, side-by-side lots, presenting an opportunity for individual homeowners looking to build to their exacting standards and/or astute investors ready to dive into Princeton’s lucrative multi-family market. What makes this property particularly appealing is its dual nature. One of the lots currently zoned multi-family residential and has an existing structure with three apartments is in need of a full-scale renovation. When completed rental income could be re-established at an attractive market value depending on the level of quality and finish. The property's location can’t be beaten, with trendy restaurants and bars, Palmer Square, fabulous shopping, and the university all within easy reach. The nearby Dinky Train Station further increases the property’s appeal, offering easy access to New York City and Philadelphia, making it ideal for commuters. Buyers are advised to contact the Princeton Zoning Office to discuss the full “as of right” and the further possibilities that may be obtained by applying for variances.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Traditional
  • Year Built: 1920

Listing Office:

  • Office Name: Callaway Henderson Sotheby's Int'l-Princeton
  • Office Phone: (609) 921-1050
  • Listing Agent: Grant Wagner

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Street Lights, Sidewalks

Parking Information:

  • Parking: Asphalt Driveway, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Stockton Street / Nassau Street to Bayard Lane to Birch Avenue, #114 and #118.

Municipality:

  • Princeton

Price Information

Listing Price Info

Price Summary:

  • List Price: $895,000
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Housing Market Comparison

See how this home compares to others in Princeton, NJ.

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Princeton, NJ

City

Med. Sold Price

$777.8K

Med. Price/SqFt

$359

Avg. Days On Market

52

# of Sold Homes

27

114-118 Birch Ave vs Princeton

$895,000

+$117.1K More

KEY TAKEAWAY

This property is $117.1K more than the Median Sold Price in Princeton, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJME2038932

Listing Office:

  • Office Name: Callaway Henderson Sotheby's Int'l-Princeton
  • Office Phone: (609) 921-1050
  • Listing Agent: Grant Wagner

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:00:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,534

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,750

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1056008
8
/10

  • Community Park School

  • 372 Witherspoon St

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-1056009
7
/10

  • Johnson Park School

  • 285 Rosedale Rd

  • 1.21 miles

  • Public District Grades PK-5

school-card-donut-1056010
10
/10

  • Riverside School

  • 58 Riverside Dr

  • 1.70 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $97,635. Most Princeton, NJ residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Mercer County›Princeton›08542›114-118 Birch Ave

This home is located at 114-118 Birch Ave in Princeton, NJ and zip code 08542. This home, which was built in 1920, sits on a 0.14 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $895,000.

While more than 15 listings in Princeton, NJ in March 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. The number of listings in Princeton, NJ increased by 11.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $777,850, while the average time on the real estate market was 52 days.

From Rocket Homes Real Estate and based on county public records data.

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