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49 Lovers Ln, Princeton, NJ 08540

5 beds, 3 baths, 2,837 sqft
Sold: $950,000
Sold on 06/13/14
Zestimate®: $951,148
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This is a versatile, architecturally expanded Cape on a fabulously landscaped lot with one of Princeton's most coveted addresses, Lovers Lane. Located across from picturesque Marquand Park and backing to Drumthwacket, the Governor's Mansion, the potential for this home is unlimited. The original Cape offers lovely hardwood floors, a wood-burning fireplace with Mercer tile surround, and a wall of windows overlooking the lush backyard with terraces edged with boxwoods and an array of colorful flowering trees and shrubs. With two bedrooms on the main level and two additional bedrooms upstairs, the home offers the option of either a main floor or second level master. The current upstairs master features a dressing area, a full bath, and sliding glass doors to a balcony overlooking the back yard. The Contemporary addition with its geometric playfulness was designed by William Short to add more dramatic entertaining space with vaulted ceilings and even more expansive windows showcasing fabulous views. A second flight of stairs leads to a separate bedroom with en-suite bath, perfect for guest quarters or a private study. A finished room in the basement in sheathed in stone providing the ultimate man cave or playroom. A detached two car garage adds practicality. Truly a gem of a home offering location, location, location.  MoreLess
 
Facts
  • Lot: 1.89 acres
  • Single Family
  • Built in 1951
  • Heating: Other
  • Last sold: Jun 2014 for $950,000
  • Price/sqft: $335
Features
  • Fireplace
  • Flooring: Hardwood
  • Parking: Garage - Detached, 2 spaces
  • Patio
Construction
  • Exterior material: Wood
  • Roof type: Other
  • # Stories: 1.0
  • Structure type: Cape cod
  • Unit count: 1
Other
  • Floor size: 2,837 sqft
  • Parcel #: 1410001000000018
  • Zillow Home ID: 39013646
Home Values
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The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$951,148
+$21,086 Last 30 daysd
$904K
$1.01M
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$4,602/mo
+$171 Last 30 daysd
$2.6K
$6.5K
Zestimate range

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Neighborhood for 49 Lovers Lane

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Zillow predicts 08540 home values will rise 4.8% next year, compared to a 4.9% rise for Princeton Township as a whole. Among 08540 homes, this home is valued 66.3% more than the midpoint (median) home, and is valued 28% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 08540 market, the number of foreclosures waiting to be sold dropped 1.3% in the last year. The number of unsold foreclosures is 57.1% less than in Princeton Township, and 95.5% less than the national average. This lower local number could help 08540 home values rise more quickly than other regions in Princeton Township.

Learn more about forecast calculations or 08540 home values.
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