215 Arreton Rd, Princeton NJ - Living Room

Looking for Princeton homes for sale? Great value, perfect condition, and fantastic location – this executive home at 215 Arreton Rd in Princeton NJ has it all and more. This Princeton home for sale is Princeton real estate at its best.

Situated on a beautiful private cul-de-sac street in Princeton Township, this 4 bedroom, 2 1/2 baths home has undergone top to bottom renovation. It speaks the language of 2010 buyers, who want to move in and start enjoying their new home immediately.

Enjoyment opportunities are everywhere: vaulted ceiling music room graciously flowing into the living room, mansion size rooms not easily  found in the newly constructed houses, master bedrooms suite, which makes hotel suites pale in comparison.

The quality is everywhere : gleaming hardwood floors throughout, marble master bath worthy of spa destination, brand new kitchen appliances, maintenance free Trex deck, newly refinished basement, and meticulously maintained 1 acre yard – the list goes on.

The backyard retreat overlooks acres of private land owned by the home owners association. Short golf game putting green, fire pit patio, and spaces for quite contemplation are part of 215 Arreton Rd, Princeton home’s landscape.

For a private showing call 609-553- 4175 Faina Sechzer, Princeton real estate agent, luxury homes

Thinking of buying or selling your house in Princeton NJ area -  We can help
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery  area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

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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

Front

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Princeton NJ luxury homes for sale in this price range.

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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.

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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

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Princeton does not have homogeneous housing inventory – it’s true of all price ranges. On the same street you could find a new $1.8 million  dollar 4,500 sq. ft. home on  almost 2 acres and a small 50’s ranch on 0.25 acres.

The best way for you to understand the differences is to visually examine luxury Princeton real estate on the market now. You could do it by clicking on the links below.  For illustration I separated the big category of luxury Princeton real estate into several categories.

Luxury Princeton Homes For Sale – $1,000,000 – 2,000,000
Luxury Princeton Homes For Sale – $2,000,000 -$3,000,000
Luxury Princeton Homes For Sale -  $3,000,000 – $5,000,000

In terms of general expectations, the following is a rough guide to what you could find in various price ranges of the luxury homes in Princeton. Again, it’s a general guide, since Princeton real estate property is very diverse. For less then $1,200,000 you could expect to find homes in the Princeton Borough  which are older, on smaller lots and may require updates. In the same range in Princeton township, the homes would be bigger, and on larger lots, perhaps with a few updates.

From approximately $1,300,000 to $1,500,000 you could expect to find homes for sale in Princeton township in developments such is Ettl farm, Princeton Ridge. These homes would be large (4-5 bedrooms), usually on an acre of land (in Princeton Township) and  tend to be 20 years and less. In the Borough they may be older but having undergone renovations. You could also find some new construction in the areas such as Littlebrook, Jefferson/ More , and Riverside. The new construction homes in these Princeton neighborhoods are usually built by developers purchasing an older home, tearing it down and building a new home. These homes are usually 4,000+ sq. feet, but may not have large lots, like homes in Ettl Farm and Princeton Ridge neighborhoods.

From approximately $1,700,000 you could find homes in developments such as Pond View, Russell Estates, homes in the Western section and some in the Institute area. These luxury Princeton homes offer all the modern amenities.

From approximately $2,500,00 you could find homes in neighborhood developments like Preserve, and remodeled homes throughout the town.

From approximately $3,000,000 you could find homes in neighborhoods such as Rushbrook. These are exquisite estates, often on on 4+ acres. You could also find older distinguished luxury homes for sale in this price range in the Princeton Borough. These homes have usually been remodeled to bring in the newest amenities while preserving the old style and architecture.

Read More:

Princeton Ridge – Princeton Neighborhood | Princeton homes for sale

Preserve – Princeton Neighborhood – Princeton Homes For Sale

Ettl Farm Luxury Homes -Princeton Real Estate

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Luxury Princeton homes for sale are among the most desirable New Jersey real estate properties.  International buyers see Princeton as a sophisticated University town with both the urban and suburban vibe.

The week dollar makes luxury properties in Princeton even more attractive to buyers who choose Princeton for the proximity to their work. The limousine drive to New York is approximately one hour. This makes Princeton luxury homes for sale appealing to the buyers who prefer the relative seclusion of the Princeton estates and who may already have pied- a-terre in New York.

Luxury homes for sale seem to not be affected by the conditions in the other segments of the real estate market.  there was a 40% increase in the number of Princeton homes sold for over $3,000,000. The highest sale to-date was for $4,125,000 making Princeton a great choice for buyers.

Luxury homes in Princeton could be found both in the Princeton Borough and Princeton Township. At this time there are more luxury properties for sale in the Princeton Township. Homes for sale in the Boro tend to be older properties, often designed by renowned Princeton architects like  Rolf Bauhan.  These properties have usually undergone major renovations and upgrades to introduce modern amenities and in keeping with the style of the house.  Often these luxury homes are located on beautiful streets like Library, Hodge, Lafayette.

Homes for sale in Princeton township are usually newer, or new construction and are often located in Rushbrook area of the town on streets like Bogart,  Hageman, Pretty Brook and others.

Our clients of luxury Princeton properties look for  exquisite service, discretion and understanding of international real estate markets. Our service is structured to meet these needs.

These are the Princeton homes for sale available now for discriminating buyers.

Luxury Princeton Homes for Sale

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Ettl Farm is one of the most popular Princeton neighborhoods. It was built in 1995 by Toll Brothers and is reflective of the type of large stately houses built by this builder.  There are approximately 117 Princeton homes in this development located of Rosedale road. This community is popular with corporate relocation home buyers and others relocating to Princeton New Jersey. I see demand for the homes for Princeton homes for sale at this time as the time of this article there are no houses on the market.

The major streets in the development are Christopher Drive, Walker Rd and Stone  Cliff. The houses backing to the woods are usually considered premium locations compared to the houses backing to the open space. Many Ettl Farm houses on the Stone Cliff Road are considered premium because they back to the woods (houses with even numbers) and have walk out basements, because of the topography of the street.

In many of such houses  you could find finished basements  with such amenities as spas, saunas, game rooms, gyms, and even second kitchens. Often there is a separate entry to the basement.

This layout makes these homes convenient for buyers of Princeton real estate who may have children, need space for visitors, enjoy the additional entertaining spaces.

Ettl Farm homes for sale range in price from $1,250,000 to $1,570,00 in 2008, when 5 houses were sold. While there are Princeton homes for sale languishing on the market, houses in Ettl Farms have all sold, when priced correctly. The time to sell these Princeton properties ranged for 28 days to 170 days.

Children who live in Ettl Farm attend Johnson Park elementary school, John Witherspoon elementary and Princeton High schools.

Princeton school system provides bus transportation for Johnson Park elementary and John Witherspoon middle school students who live more than two miles form school and High School students who live more than two and one-half miles from school.  Bus passes are mailed out the third week of August.   If you are new to the district, please contact the Transportation Coordinator at 806-4209.

Click  Princeton homes for sale to discover your dream luxury Princeton home.

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Read: How to decode where to live when buying Princeton real estate

How to select the best Princeton schools when buying Princeton homes for sale

The entrance to the development is low key, but many  homes are among the best newer homes in Princeton.

The Princeton homes in the Preserve have each a distinctive look and feel unlike other Princeton homes for sale in developments that look very similar. This makes the development visually appealing. Preserve, Princeton has a private and seclude ambiance. There are only a few streets in the Preserve: Highland Terrace, Beach Hollow Lane and Oak Ridge Court offering private setting within a few miles of downtown Princeton. The styles of the houses range from traditional estate homes, Georgian colonials, to frank Lloyd Wright style and Danish country. This diversity reflects the variety of architectural preferences in this exclusive community.

Luxury Princeton homes here sell in the range of $2 million to $3  million. There were 3 sales in the last 5 years the highest being $3,000,000. The Princeton real estate market has had an impact on the home sales in this Princeton neighborhood. The lowest price for Princeton houses sold in the Preserve was for 163 Highland Terrace at $2,100,000. This Princeton property sold in 08/2007 for just a bit more than the sale price of $2,025,000 in 2001.
151 Highland Terrace sold for $2,600,000 in 09/2006 ( having being reduced from $3,475,000) and just a bit less then it was sold in 08/20002 for $2,650,000.

Read: Princeton NJ Mercer County Real Estate Market Housing Report 2004-2008

Want to get closer to your dream Princeton home? Click on the link bellow.
Princeton homes for sale $2,000,000 -$3,000,000

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