502 Cherry Valley Rd, Princeton, NJ 08540

7 beds6 baths6,599 sqft Edit

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Zestimate®: $1,365,772
Rent Zestimate®: $5,319/mo
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My Notes

Edit
Madison Hawk is pleased to offer this new construction 6,700 square foot, seven-bedroom home on 1.38 acres in prestigious Princeton, NJ. The home, originally priced at $2,500,000, will be sold subject to a Minimum Bid of $1,200,000. There is no comparable house in this highly sought after location available at this price, this is your opportunity to purchase the home of your dreams.
Located less than an hour by train to both New York and Philadelphia, Princeton is home to the prestigious Princeton University. Princeton is about much more than the university, Princeton's internationally renowned public and private schools, distinctive dining, historic village, theater, library, and culture make it an idyllic place to live.
Situated on 1.38 acres, this 6,700 square foot new construction home features 7 bedrooms, 5 and ½ baths, a gourmet kitchen, twin butler stations, 3-car garage, two gas burning fireplaces, full basement and a finished third level. The home was skillfully crafted and features extraordinary finishes and detail including extensive moldings and detailed mantels as well as a designer gourmet kitchen featuring Wolf and SubZero appliances.
The home?s floor plan and grand living spaces include; a first floor living room/family room with 14? cathedral ceiling and fireplace, 35?x25? great room with 14? ceiling and fireplace, formal dining room, custom kitchen with eating area overlooking rear deck, one and one half bathrooms, as well as bedroom/office/library. The home?s dramatic two-story entry foyer, featuring a large spiral staircase leads to the second floor with six bedrooms and four bathrooms. The spacious master suite offers exceptional luxury and features a 12?x20? walk in closet as well as additional wall closets, master bath with three sinks, large walk-in shower and vast Jacuzzi tub overlooking the rear yard. The additional bedrooms include a princess bedroom with 11? ceilings, attached bathroom with Jacuzzi tub and walk in closet. The additional bedrooms feature large windows and great closet space. Two are connected with a Jack-and-Jill bathroom and a fourth second floor bathroom services the additional two bedrooms. A staircase from the second floor leads to the finished third level which features two rooms the smaller for a study or play area and the larger for a play area, exercise room or any other use the 35?x15? room can serve.
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Facts

  • Lot: 1.38 acres
  • Single Family
  • Built in 2012
  • Cooling: Central
  • Heating: Forced air, Other
  • Last sold: Feb 2005 for $99

Features

  • Fireplace
  • Parking: Garage - Attached

    Construction

    • Exterior material: Brick
    • Roof type: Asphalt
    • Stories: 3
    • Structure type: Colonial

    Other

    • Floor size: 6,599 sqft
    • Parcel #: 1400202000000013
    • Unit floor #: 0
    • Zillow Home ID: 104320454

    Zestimate Details

    Zestimate
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    $1,365,772
    -$29,785 Last 30 days
    $1.17M
    $1.52M
    Zestimate range
    Rent Zestimate 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
    $5,319/mo
    -$256 Last 30 days
    $3.4K
    $11K
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    Popularity on Zillow

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    Comparable Homes

    Homes like this sold for $850K-2.0M.

    $740K
    $2.66M
     

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    Neighborhood

    Market guide

    Zillow predicts Princeton Township home values will increase 0.8% next year, compared to a 0% decrease for Trenton Metro as a whole. Among Princeton Township homes, this home is valued 75.5% more than the midpoint (median) home, but is valued 49.3% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Princeton Township, the number of foreclosures waiting to be sold is 53.4% less than in Trenton Metro, and 65.6% lower than the national average. This lower local number could help Princeton Township home values rise more quickly than other regions in Trenton Metro.

    Learn more about forecast calculations or Princeton Township home values.
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      Nearby Schools in Princeton Township

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      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org