Sold982d on market
516 Cherry Hill Rd
Princeton, NJ, 08540 • 08540 • Mercer County
$900,000
1.8 acLot
Market activity
Demand and pricing signals for this listing
12 views
People checking out this listing
3 saves
Buyers have saved this home
982 days on market
Established listing
About this home
Lot
A corner lot of 1.76 acres in a gorgeous section of Princeton known as The Ridge could be the site of your brand new home. Natural beauty prevails in this area, where wooded roads wind past rock formations and impressive, custom-built residences. Currently, a 4-bedroom ranch, in need of repair, stands on the site, but plans have already been approved for new construction offering over 7,000 square feet of living space. These plans can be shared, you can bring your own vision to life or you can renovate and expand on the existing house. No matter what you choose, you will love the screen of tall trees that embraces the back and side yards in leafy privacy. Driveway aprons open to both Cherry Hill and the quiet circle of Bouvant Drive, allowing you to also choose your new home’s main approach. With public water and sewer lines in place, variances granted and plans in hand, this project could get started right away!
Standout features identified
Our analysis highlights gorgeous section of princeton, custom-built residences, and tall trees as key attractions of this home.
Estimated monthly payment
Based on current rates
$5,641/month
Principal & Interest$4,441
Property Tax$900
Insurance$300
Down payment20% ($180,000)
3%50%
Est. 6.27% rate · 30yr fixed · $720,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot1.76 Acres
Location & Tax
Neighborhood08540
ZoningRA
Annual tax$13,149
Parcel1402201000000029
Listing insights
Market data and value estimates
StatusSold
Days on market982
Est. rent$6,503/mo
Tax rate2.04%
On marketMar 27, 2023
PostedMar 27, 2023
Last sold$900,000
MLS updatedAug 1, 2023
Tour days6
Views12
Favorites3
How are the schools in Princeton?
3 schools rated nearby
Location
Princeton, NJ, 08540
Price history
6 events
DateEventPrice$/sqftSource
Aug 1, 2023Sold$900,000—Bright MLS
Jul 24, 2023Pending Sale$999,999—Bright MLS
Jul 10, 2023Contingent$999,999—Bright MLS
Mar 27, 2023Listed For Sale$999,999—Bright MLS
Jan 13, 2011Sold$277,065—Public Record
Aug 22, 1997Sold$221,895—Public Record
Sold$900,000
Aug 1, 2023•Bright MLS
Pending Sale$999,999
Jul 24, 2023•Bright MLS
Contingent$999,999
Jul 10, 2023•Bright MLS
Listed For Sale$999,999
Mar 27, 2023•Bright MLS
Sold$277,065
Jan 13, 2011•Public Record
Sold$221,895
Aug 22, 1997•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 10, 2025$10,998$413,000
Apr 10, 2024$10,998$413,000
Apr 10, 2023$13,150$540,700
Apr 10, 2022$14,407$540,700
Apr 10, 2021$14,295$590,700
Apr 10, 2020$14,011$590,700
Apr 10, 2019$13,775$590,700
Apr 10, 2018$13,586$590,700
Apr 10, 2017$13,373$590,700
Apr 10, 2016$13,066$590,700
Apr 10, 2015$12,907$590,700
Apr 10, 2014$12,588$590,700
Apr 10, 2013$12,591$615,700
Apr 10, 2012$12,099$615,700
Apr 10, 2011$11,926$615,700
Apr 10, 2010$8,856$615,700
Apr 10, 2009$8,705$244,100
Apr 10, 2008$8,495$244,100
Apr 10, 2007$8,153$244,100
Apr 10, 2006—$244,100
Apr 10, 2005—$244,100
Apr 10, 2004$6,810$244,100
Apr 10, 2003—$244,100
Apr 10, 2002—$244,100
Apr 10, 2001—$244,100
Nearby homes
Neighborhood details
Local context around this listing
Princeton, NJ • Mercer County
Nearby neighborhoods
GriggstownPenns NeckPrinceton North
Nearby cities
Basking RidgeBridgewater TownshipEast Windsor TownshipEwingHillsborough TownshipLawrence TownshipPrincetonSomerset
Nearby zip codes
0854008541085420854308544
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