New Jersey Real Estate Agent

20 Bogart Court, Princeton NJ 08540 – Luxury New Jersey Princeton Homes For Sale

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Princeton, New Jersey is a town known world wide for it’s long and significant history and it’s acclaimed present. It is a vibrant community that attracts discriminating international and domestic luxury home buyers.

20 Bogart Court, Princeton NJ is one home that should be on every luxury home buyer’s must see list.

Located on the picturesque 6.5 acres this estate Princeton home was built by the present owners to be their dream home. Now is a chance for another family to make it their dream home.

There is nothing this house lacks for easy and gracious living. From the dramatic foyer to the gourmet kitchen, to lavish bath for each of the 5 bedrooms, to the conservatory and the view to the natural beauty outside – this home offers it all in high class.

The lower level can be best described as “unbelievable”. The movie theater, the gym, the billiard room and an incredible second kitchen would make you never want to go upstairs.

Princeton home of this stature makes it easy to entertain guests. Those who are compelled to stay, from party guests to visiting relatives, could do so in a style possible only in a five star hotel. A separate guest apartment is located near the main house and features the same high-end amenities as the main house.

Good stories are best told in pictures and bellow are some of the highlights of this distinguished Princeton estate home for sale. This home is located in the neighborhood of other stately homes -you can see the location on the map below.

This Princeton home is offered at $3,675,000. Please call 609-553-4175 for details and confidential viewing. We speak many languages and work with international buyers.

Living Room

Conservatory

Kitchen

Billiard Room

Foyer Ceiling

Back Yard

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Princeton NJ luxury homes for sale in this price range.

New Jersey luxury homes in Montgomery Township are sought by buyers looking for the highly rated Montgomery Township schools, and availability of luxury homes both new and older estates, located in beautiful, often pastoral settings. These homes are available in the $1,000,000+ price range.

Luxury New Jersey real estate in Hopewell is very much of interest to my clients and readers who live there or are considering purchasing a home in the Hopewell  Borough and Hopewell Township. This article provides details on the condition of the Hopewell real estate for houses sold in Hopewell in the price range of $1.5 million – $2 million. If you are considering selling your luxury home in Hopewell understanding this information could help you make intelligent and informed decisions.

Luxury Hopewell Real Estate – Summary

My the recent article “Hopewell luxury real estate 2003- 2008″ provided a summary of what happened to the the market in the $1.5million – $2million price range. “The largest number of Hopewell homes sold in the $1.5 -$2.5 million range, was in 2005. So far in 2008 there were 3 homes sold in this price range and only 1 of then was over $2 million. The biggest decline is in the $1,700,000 – $1,999,999 price range with no houses sold in 2008 compared to 4 houses sold in 2007 and 2006. At the top of the range- $2.Million- $2.5 Million there was 1 house sold in Hopewell in each of the last three years.”

This article examines in detail the history of the price declines of luxury real estate in Hopewell over the last 5 years and provides the breakdown for the number of houses sold in various luxury price ranges.*

Luxury Hopewell Real Estate – Price History 2003-2008

The unfortunate news is that the prices for luxury Hopewell homes for sale have declined approximately 26% since the high in 2004. Here are the details for the prices of luxury homes sold in Hopewell in the $1.5mm-$2.5mm price range.

Year Median Price % Change Houses Sold

2003    1,847,500                                    6
2004    2,100,000            14%                 5
2005    1,995,000            -5%                 9
2006    1,870,399            -6%                 6
2007    1,772,500            -5%                 6
2008    1,550,000            -13%               3

Luxury Hopewell Real Estate – Number Of Houses Sold
The biggest decline in the number of houses sold was in the price range of $2 million – $2.5 million -with only one house sold a year in the last three years, compared to 4 in 2004. Here are the details of the number of luxury houses sold in Hopewell broken down by price range.

Year $1.5mm – $1.699mm $1.7mm – $1.999mm $2mm – $2.5mm
2003        2                                         3                                   1
2004        1                                         1                                   3
2005        2                                         3                                   4
2006        1                                         4                                   1
2007        1                                         4                                   1
2008        2                                         -                                    1

Hopewell Luxury Homes For Sale – Conclusion
If you are seller considering selling your home in this market in Hopewell you have to be prepared to face the hard truth – this is a slow market. I work with clients to understand their situation and give them facts to decide if this is the right time to sell for them. Be cautions of people saying “now is the right time to sell”. There is no one answer that fits all, but understanding reality is critical for everyone.
What is especially important for prospective home sellers is to understand why the homes that were on the market didn’t sell. For those who have to sell this history could be the key to success.

Call me 609-553-4175 or e-mail fsechzer@yahoo.com if you would like to receive the details on the unsold properties, have questions about this article or would like to understand what is the best course for you now.

P.S. As a follow up to this article I was asked if the decline in Hopewell homes sales in the $2million- $2.5 million price range is due to fewer houses being on the market or a lack of buyers. Here are the statistics to help answer this question:

2005 -Homes Listed- 7  Homes Sold – 4

2006 Homes Listed – 7  Homes Sold – 1

2007  Homes Listed -8  Homes Sold – 1

2008  Homes Listed -3  Homes Sold – 1

After 2005, the number of luxury homes sold in Hopewell has declined, even though the number of the houses listed remained the same. By 2008 the number of homes listed has declined as well. This could be a response of the sellers of Hopewell luxury homes who do not think they could sell in this market.

To check what Hopewell homes for sale are on the market now (in the MLS), click on the link below:

Luxury Hopewell Homes For Sale -$1,500,000 – $2,500,000 – Princeton Area Luxury Real Estate

* Data is based on Trend MLS 09/28/2008 is considered accurate but not guaranteed.

Princeton NJ Condos & Townhouses – Luxury Princeton Homes For Sale in Governor’s Lane.

Princeton New Jersey is known for it’s wide selection of luxury  homes for sale including condos and townhouses. In Princeton we have several luxury condominium and townhouses neighborhoods, such as Constitution Hill and Governor’s Lane.

Governor’s Lane homes and townhouses were built approximately 10 years ago and the neighborhood is reminiscent of the English mews houses. The backs of the houses overlook beautiful park like gardens with benches and walking paths.
Princeton luxury townhouses in the Governor’s Lane neighborhood usually attract people who are looking to limit their home maintenance chores. Many aspects of these homes are maintained by the Homeowners Association.

Princeton luxury townhouses in Governor’s Lane have all the amenities found in single Princeton homes for sale. They are usually 4 bedrooms, 3+ bathrooms and have lots of closet and storage space. Governor’s Lane townhouses are usually on 4 levels, with master suite on the second level and other bedrooms on the 3d. The lower level is usually finished and often has a bathroom.

The homes in Governors Lane are mostly townhouses, but there are several free standing homes as well – the Lambert Model. Last free standing home sold in Governor’s Lane was 14 Governor’s Lane. This house sold for $1,039,000.

The are several townhouses for sale in The Governor’s Lane now ranging in price between $739,000 and $790,000. These prices reflect the general condition of Princeton real estate – Princeton townhouses in Governor’s Lane used to sell for over $800,000 a few years ago.

Governor’s Lane is not a 55+ years community, it is a neighborhood of exclusive Princeton homes for any age.

Related Articles:Princeton Townhouses For Sale – Stonewall Circle in Princeton Ridge

Call Princeton real estate agent specializing in luxury Princeton homes and townhouses for sale with questions you may have about Governor’s lane homes or in other Princeton neighborhoods.  If you are not ready to discuss your plans with an agent yet, you could explore on your own what is available in the Princeton real estate market now. Just click on the link below:

Princeton Luxury Condos and Townhouses $700,000+

To search for all Princeton Homes for sale and homes for sale in W. Windsor, Montgomery, Hopewell, and other towns, in the MLS click on the search link below:

Search for Homes

Princeton luxury real estate is my specialty and I cover it extensively on Princeton Real Estate blog. If you are looking for luxury homes for sale in Princeton, there are many price categories into which such Properties fall.

Princeton Real Estate For $1mln-$1.5mln |New Jersey Real Estate

Princeton Homes For Sale – $1,000,000 -$2,000,000

Luxury Princeton Homes For Less Than $2 million |New Jersey Real Estate

Princeton Luxury Homes For Sale $2,00,00-$3,000,000

Princeton Homes for sale $3,000,000 -$5,000,000

This article focuses on Princeton Luxury homes for sale over $5,000,000. At this time there aren’t too many homes of this caliber. They are usually significant historical Princeton houses with a lot of history, such as Princeton luxury real estate house built in 1773 by the Rev. John Witherspoon, a leading patriot, a signer of the Declaration of Independence and 6th president of Princeton University. Historic Princeton homes and luxury homes  for sale in Princeton without historical pedigree, in this price category are spectacular homes with all the amenities and usually on many acres of land, if they are located in the Princeton Township. The highest priced Princeton real estate property for sale is $14,500,000.

An interesting fact is that Princeton luxury real estate homes of this caliber have not had many recent sales. The last sale on 89 Rosedale Rd, a 9 bedroom, 6/1 bathroom home on 3.54 acres was in Princeton Township in 07/2004. This Princeton luxury home was sold for $6,250,000.

You could review Princeton Luxury Homes For Sale -$5,000,000 + by clicking on the link below.

Princeton Luxury Real Estate Homes For Sale $5,000,000+

If you are looking for Princeton luxury real estate in other price ranges, you could check them out here:
Princeton Real Estate For $1mln-$1.5mln |New Jersey Real Estate

Princeton Homes For Sale – $1,000,000 -$2,000,000

Luxury Princeton Homes For Less Than $2 million |New Jersey Real Estate

Princeton Luxury Homes For Sale $2,00,00-$3,000,000

Princeton Homes for sale $3,000,000 -$5,000,000