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619b Lawrenceville Road
Princeton, NJ 08540
$1,289,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3548
Property Description
Transport yourself back in time as you step into this remarkable 18th-century stone estate, exuding an air of rich history and enduring character. Originally a vital part of the bustling Worth’s Mill, the stone barn was transformed into a gallery-style residence in 1998 for a fine art collector. This turnkey property offers a rare glimpse into centuries past while seamlessly integrating modern conveniences. Nestled on two acres of picturesque landscape alongside the tranquil Stony Brook, this home radiates timeless elegance and rural charm just 1.5 miles from downtown Princeton. A trio of stone outbuildings enhances its allure, creating a captivating scene of old-world beauty amidst a backdrop of lush greenery. As you step inside, you'll be greeted by a spacious layout meticulously preserved, adorned with original architectural features such as wide-plank pine flooring and a cathedral ceiling adorned with exposed beams in the great room. This expansive layout effortlessly accommodates both social gatherings and everyday living, with ample space for relaxation and entertainment. Surrounding the great room, an open loft area offers versatile options for use, ideal for a home office, exercise area, or guest accommodation. Modern amenities seamlessly integrate with the historic farmhouse style, ensuring comfort and convenience for contemporary living. The main entrance, featuring double glass doors, leads into the inviting cathedral ceiling great room, where the ambiance is set for both grand gatherings and intimate evenings. Adding to the functionality of the home, a mudroom provides a convenient transition space for outdoor gear and accessories, keeping the main living areas organized and clutter-free. Additionally, three bedrooms and 2.5 baths offer ample accommodation for family and guests. Not to be overlooked is the modern chef's kitchen, equipped with top-of-the-line appliances and ample counter space, perfect for culinary endeavors and casual dining alike. Step outside to discover the beauty of the exterior bluestone hardscaping, featuring a stunning entrance and walkway crafted from the finest stone, adding an element of sophistication to the outdoor space. The stacked stone exterior of the home further enhances its charm, blending seamlessly with the natural surroundings. The spacious lush grounds offer ample room for outdoor living and entertaining, with a yard area perfect for barbecuing, al fresco dining, and enjoying the serene surroundings. Whether hosting gatherings with friends and family or simply unwinding in the beauty of nature, the outdoor space provides endless opportunities for relaxation and recreation. This rare opportunity to own a piece of history seamlessly combines old-world English elegance with countryside charm. Situated just 1.5 miles from Princeton town center, and equidistant to NYC and Philadelphia, this property offers both convenience and seclusion. Listed on the National Register of Historic Homes and part of the Princeton Battlefield/Stony Brook Settlement Historic District, this homestead boasts a storied past, with you poised to become its 3rd resident in its 280-year history. Don't miss your chance to own a piece of living history with a modern flair. Schedule a viewing today and embark on a journey through time, where past and present converge in harmonious splendor.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1815
MLS Number
NJME2040916
Location
Address
619B LAWRENCEVILLE ROAD
City
PRINCETON
State
NJ
Zip Code
08540
County
MERCER-TRENTON (NORTH)
Listing
Provider
Weidel Realtors, original listing
Name
Weidel Realtors
Phone
(800) 288-7653 xx239
Office Name
Corcoran Sawyer Smith
Office Phone
(609) 921-2700
Agent Name
Maria DePasquale

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.