4 Masters Way

Closed 7/25/24

Sold

Last Sold Price

$850,000

4 beds3 baths2,402 sqft$354/sqft

4 Masters Way, Pennington, NJ 08534

Single FamilyProperty Type

0.43 acresLot Size

1997Year Built

$354/sq ftPrice per sq ft

$120 / quarterHOA Fees

2 carsParking Spaces

Description

Looking for a turnkey property? Look no further than this beautifully maintained and appointed four-bedroom home in Pennington’s Mershon Chase. From the two-story entryway, take in the panoramic view of the home, starting with the formal open living room at the left and working around to the turned staircases leading up and down, the kitchen and sunroom, and the two-story family room at back. Tall windows, transoms and clerestories fill the home with natural light during the day, and recessed lights...Looking for a turnkey property? Look no further than this beautifully maintained and appointed four-bedroom home in Pennington’s Mershon Chase. From the two-story entryway, take in the panoramic view of the home, starting with the formal open living room at the left and working around to the turned staircases leading up and down, the kitchen and sunroom, and the two-story family room at back. Tall windows, transoms and clerestories fill the home with natural light during the day, and recessed lights illuminate the evenings. The heart of the home is at the back, where a wall of windows in the family room frames the view of a tranquil backyard, raised deck and small basketball court. A gas fireplace and plush wall-to-wall carpeting enhance the comfort of the space. The neighboring kitchen with tile floor has a center island with granite counters and seating, a gas stove, a pantry, and a half-wall with serving ledge into what is currently used as a breakfast space, but could easily be reimagined as a sunroom with its peaked ceiling and walls of windows, including a single-pane picture window topped with an arched window. A nearby formal dining room is accented with crown molding and chair rail, and a powder room and mudroom finish out this level. Side by side turned staircases lead up and down. In the finished basement, find a very spacious laundry room with upper and lower cabinets, and a large living space that’s carpeted and accented with a pumpkin-hued wall. Upstairs, a railed landing looks over the entry and offers a glimpse through the clerestory window. Three bedrooms share a hall bath with tub/shower combo and twin sinks. The master suite, accessed through a double doorway, is outfitted with a spacious walk-in closet and a spa-like bath with glass-doored shower, jetted Jacuzzi soaking tub and private toilet. Ample storage is available in the basement, attached two-car garage and attic. Outdoor enthusiasts will appreciate the home’s proximity to biking and walking paths, preserved open spaces and parks. Commuters will appreciate easy access to routes 295, 95 and 1, as well as the Hamilton and Princeton train stations. And just about everyone will appreciate the abundance of shopping and dining options in the Pennington and Hopewell downtowns, as well as nearby Princeton.

Listing closed: 07/25/2024 12:00 AM • Source: BRIGHT, MLS#: NJME2042560

Recent comparable sales

Median sold price

$865,000

Avg days on market

Sale-to-list ratio

101.6%

1/45

$790,000

Sold 06/22/26

4
Bedrooms: 3
Bathrooms: 2,280
Square Feet: 0.28
Acres

19 Larchmont Court, Pennington, NJ 08534

1/39

$850,000

Sold 04/22/25

4
Bedrooms: 3
Bathrooms: 2,586
Square Feet: 0.17
Acres

26 Manley Road, Pennington, NJ 08534

1/31

$865,000

Sold 09/04/25

4
Bedrooms: 3
Bathrooms: 2,586
Square Feet: 0.25
Acres

15 Coburn Road, Pennington, NJ 08534

a front view of a house with a yard and garage

1/43

$950,000

Sold 05/22/25

4
Bedrooms: 3
Bathrooms: 2,501
Square Feet: 0.31
Acres

40 Chicory Lane, Pennington, NJ 08534

1/44

$875,000

Sold 05/22/26

4
Bedrooms: 3
Bathrooms: 2,462
Square Feet: 0.26
Acres

8 Chicory Lane, Pennington, NJ 08534

a view of house with yard and green space

1/53

$925,000

Sold 07/30/25

4
Bedrooms: 3
Bathrooms: 2,434
Square Feet: 0.22
Acres

9 Hedgecroft Drive, Pennington, NJ 08534

1/55

$831,000

Sold 10/10/24

4
Bedrooms: 3
Bathrooms: 2,462
Square Feet: 0.25
Acres

46 Navesink Drive, Pennington, NJ 08534

1/2

$905,000

Sold 06/15/26

4
Bedrooms: 3
Bathrooms: 2,462
Square Feet: 0.2
Acres

30 Navesink Drive, Pennington, NJ 08534

a view of a house with a yard and lawn chairs with a fire pit and large trees

1/50

$845,000

Sold 08/29/25

4
Bedrooms: 3
Bathrooms: 2,462
Square Feet: 0.23
Acres

18 Navesink Drive, Pennington, NJ 08534

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Location

Listing Courtesy of Corcoran Sawyer Smith

Sold By BHHS Fox & Roach - Princeton

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30 year fixed, 6.71% Interest

Principal and Interest

$4,392

Property Taxes

$1,426

HOA Dues

$40

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Property Information for 4 Masters Way

Property Details

Taxes: $17,113 / year
MLS Type: Residential / Fee Simple
County: Mercer County
Tax ID Number: 06-00078 23-00009
Ownership: Fee Simple
Condo Coop Association: No
HOA: Yes
Structure Type: Detached
Style: Colonial
Levels/Stories: 2
Waterfront: No
Garage: Yes
Expected On Market Date: 05-11-2024
Subdivision: MERSHON CHASE
Subdivision: MERSHON CHASE (MERCER NJ)
Cross Street: AVALON
Municipality: HOPEWELL TWP
Total Parking Spaces: 2
Central Air: Yes
Basement: Yes
Room Count: 11
Above Grade Finished SQFT: 2,402.00
Above Grade Fin SQFT Source: Assessor
Below Grade Finished SQFT: .00
Below Grade Fin SQFT Source: Assessor
Below Grade Unfinished SQFT: .00
Below Grade Unfin SQFT Source: Assessor
Total Below Grade SQFT: .00
Total Below Grade SQFT Source: Assessor
New Construction: No

Building Information

Stories: 2
Year Built: 1997
Lot Size: 0.43 AC / 18,731 SF

Location

School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS
School District County ID: 300200397266

SchoolDistrictSource: Listing Agent
Elementary School: STONY BROOK (MERCER NJ)
ElementarySchoolSource: Listing Agent
Middle Or Junior School: TIMBERLANE (MERCER NJ)
MiddleSchoolSource: Listing Agent
High School: CENTRAL (MERCER NJ)
HighSchoolSource: Listing Agent
County: MERCER
MLS Area: Hopewell Twp (21106)

Waterfront / Water Access

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Association / Community Info

HOA Condo Coop Fee Includes: Common Area Maintenance, Management
Senior Community: No

Type of Condo: Home Owner Association

Taxes and Assessment

Tax Year: 2003
Tax Assessed Value: $560,000

Year Assessed: 2023
County Tax: $0
Improvement Assessed Value: $325,300
City Town Tax: $0
Land Assessed Value: $234,700
Clean Green Assessed: No
Zoning: R-5
Tax Lot: 00009
School Tax: $0
Automatically Update Tax Values Y/N: Yes

Rooms

Main

# Bathrooms Count Main Level: 1
# Bathrooms Half Main Level: 1

All Upper Levels

# Bedrooms Count All Upper Levels: 4
# Bathrooms Count All Upper Levels: 2

# Bathrooms Full All Upper Levels: 2

Upper Level 1

# Bedrooms Count Upper Level: 4
# Bathrooms Count Upper Level: 2

# Bathrooms Full Upper Level: 2

All Lower Levels

# Bedrooms All Lower Levels: 0
# Bathrooms All Lower Levels: 0

# Bathrooms Full All Lower Levels: 0

Lower Level 1

# Bedrooms Lower Level: 0
# Bathrooms Lower Level: 0

# Bathrooms Full Lower Level: 0

Rooms

Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Great Room, Laundry, Primary Bathroom, Full Bath, Half Bath
Stories: Lower 1, Main, Upper 1

Rooms Information

Room 1

Room Type: Bedroom 2
Room Length: 11.0

Room Width: 11.0
Room Level: Upper 1
Room Exists: Yes
Room Dimensions: 11 X 11

Room 2

Room Type: Bedroom 1
Room Length: 13.0

Room Width: 13.0
Room Level: Upper 1
Room Exists: Yes
Room Dimensions: 13 X 13

Room 3

Room Type: Bedroom 3
Room Length: 11.0

Room Width: 11.0
Room Level: Upper 1
Room Exists: Yes
Room Dimensions: 11 X 11

Room 4

Room Type: Family Room
Room Length: 17.0

Room Width: 13.0
Room Level: Main
Room Exists: Yes
Room Dimensions: 17 X 13

Room 5

Room Type: Primary Bedroom
Room Length: 23.0

Room Width: 13.0
Room Level: Upper 1
Room Exists: Yes
Room Dimensions: 23 X 13

Room 6

Room Type: Kitchen
Room Length: 18.0

Room Width: 15.0
Room Level: Main
Room Exists: Yes
Room Dimensions: 18 X 15
Room Features: Kitchen - Gas Cooking, Island, Pantry, Double Sink

Room 7

Room Type: Dining Room
Room Length: 13.0

Room Width: 12.0
Room Level: Main
Room Exists: Yes
Room Dimensions: 13 X 12

Room 8

Room Type: Living Room
Room Length: 12.0

Room Width: 12.0
Room Level: Main
Room Exists: Yes
Room Dimensions: 12 X 12
Room Features: Fireplace - Other

Room 9

Room Type: Primary Bathroom
Room Level: Upper 1

Room Exists: Yes
Room Features: Double Sink, Soaking Tub

Room 10

Room Type: Full Bath
Room Level: Upper 1

Room Exists: Yes

Room 11

Room Type: Great Room
Room Level: Lower 1

Room Exists: Yes

Room 12

Room Type: Laundry
Room Level: Lower 1

Room Exists: Yes

Room 13

Room Type: Half Bath
Room Level: Main

Room Exists: Yes

Building Info

Builder Name: RYAN HOMES
Total Finished SQFT: 2,402.00

Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 2,402.00
Total SQFT: 2,402.00
Total SQFT Source: Assessor
Construction Materials: Vinyl Siding
Roof: Pitched, Shingle
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8030/2702/4472/803027024472_512_384_WM_TkHd0Ij4xXZeuerp.jpg
Wall and Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
Flooring Type: Wood, Fully Carpeted, Tile/Brick
Basement Type: Full, Fully Finished
Foundation Details: Concrete Perimeter
Room and Floor: Bathrooms Half-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Upper Level 1-3, Bedrooms-Upper Level 1-4, Bathrooms Full-Upper Level 1-1, Bathrooms Full-Upper Level 1-2
# Bathrooms Full: 2
# Bathrooms Half: 1

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 0.00 x 0.00

Lot Dimensions Source: Assessor
Lot Features: Corner, Irregular
Parcel ID: 2123659

Parking

Type Of Parking: Driveway, Attached Garage
Num of Attached Garage Spaces: 2

Total Garage Spaces: 2
Parking Features: Asphalt Driveway
Garage Features: Garage - Front Entry

Interior Features

Interior Features: Primary Bath(s), Kitchen - Island, Ceiling Fan(s), Stall Shower, Dining Area
Fireplace: Yes

Fireplaces Count: 1
Fireplace Features: Gas/Propane
Appliances: Built-In Range, Oven - Self Cleaning, Dishwasher
Accessibility Features: None
Window Features: Bay/Bow
Laundry Type: Lower Floor
Virtual Tour URL Unbranded: https://princetonrealestatephotography.aryeo.com/sites/dekkagz/unbranded

Exterior Features

Exterior Features: Sidewalks, Street Lights, Exterior Lighting
Outdoor Living Structures: Deck(s), Patio(s)

Pool: No Pool
Other Structures: Above Grade, Below Grade

Utilities

Utilities: Cable TV
Heating: Yes

Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer

Confidential Data

Listing Office

List Agent AOR: Mid Jersey Association of REALTORS

Property History for 4 Masters Way

Date	Event & Source	Price	Appreciation
Jul 25, 2024	Closed (Public Record) Public Record #1539589469	$850,000	+1.6% / yr
Jul 25, 2024	Closed BRIGHT #NJME2042560	$850,000	—
May 24, 2024	Pending BRIGHT #NJME2042560		—
May 24, 2024	Active Under Contract BRIGHT #NJME2042560		—
May 11, 2024	Listed (Active) BRIGHT #NJME2042560	$805,000	—
Dec 6, 2004	Closed (Public Record) Public Record #266139160	$617,500	—
Dec 6, 2004	Closed BRIGHT #NJME127038	$617,500	—
Oct 13, 2004	Pending BRIGHT #NJME127038		—
Aug 22, 2004	Listed (Active) BRIGHT #NJME127038	$635,000	—
Oct 15, 2002	Closed BRIGHT #NJME154140	$479,900	—
Sep 6, 2002	Pending BRIGHT #NJME154140		—
Sep 3, 2002	Listed (Active) BRIGHT #NJME154140	$479,900	—

Date	Event & Source	Price
07/25/2024	Closed (Public Record) Public Record #1539589469	$850,000 +1.6% / yr
07/25/2024	Closed BRIGHT #NJME2042560	$850,000
05/24/2024	Pending BRIGHT #NJME2042560	—
05/24/2024	Active Under Contract BRIGHT #NJME2042560	—
05/11/2024	Listed (Active) BRIGHT #NJME2042560	$805,000
12/06/2004	Closed (Public Record) Public Record #266139160	$617,500
12/06/2004	Closed BRIGHT #NJME127038	$617,500
10/13/2004	Pending BRIGHT #NJME127038	—
08/22/2004	Listed (Active) BRIGHT #NJME127038	$635,000
10/15/2002	Closed BRIGHT #NJME154140	$479,900
09/06/2002	Pending BRIGHT #NJME154140	—
09/03/2002	Listed (Active) BRIGHT #NJME154140	$479,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4 Masters Way

Taxable ValueLand$256,400Additions$325,300Total$581,700

Tax Record2025$18,172 ($1,514 / month)

Home Facts

Beds0Total Finished SqFt2,402 SqFtAbove Grade Finished SqFt2,402 SqFtStories2Lot Size18,731 SqFtStyleSingle Family ResidenceYear Built1997Year Renovated1997ZoningR-5CountyMERCERAPN06-00078-23-00009

Schools near 4 Masters Way

This home is within Hopewell Valley Regional School District.


Rating	School	Type	Grades	Distance
9/10	Stony Brook Elementary School	Public - Nearby school	PK to 5	0.5 mi
6/10	Timberlane Middle School	Public - Nearby school	6 to 8	2.7 mi
6/10	Central High School	Public - Serves this home	9 to 12	2.5 mi
7/10	Toll Gate/Grammar Elementary School	Public - Nearby school	PK to 5	1.7 mi
8/10	Bear Tavern Elementary School	Public - Nearby school	PK to 5	4.2 mi
8/10	Hopewell Elementary School	Public - Nearby school	PK to 5	5.8 mi


Rating	School	Distance
9/10	Stony Brook Elementary School PublicPK to 5 Nearby school	0.5 mi
6/10	Timberlane Middle School Public6 to 8 Nearby school	2.7 mi
6/10	Central High School Public9 to 12 Serves this home	2.5 mi
7/10	Toll Gate/Grammar Elementary School PublicPK to 5 Nearby school	1.7 mi
8/10	Bear Tavern Elementary School PublicPK to 5 Nearby school	4.2 mi
8/10	Hopewell Elementary School PublicPK to 5 Nearby school	5.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 4 Masters Way, Pennington, NJ 08534	$850,000	4	3	2,402	18,731
2 Masters Way, Pennington, NJ 08534	–	–	–	1,956	18,731
15 Avalon Road, Pennington, NJ 08534	$682,900	4	3	2,542	26,572
5 Masters Way, Pennington, NJ 08534	$1,205,000	4	4	2,889	17,860
7 Masters Way, Pennington, NJ 08534	$835,000	5	3	2,501	15,682
3 Masters Way, Pennington, NJ 08534	$625,000	4	3	2,571	12,197
11 Avalon Road, Pennington, NJ 08534	$832,000	4	3	2,693	20,473
12 Avalon Road, Pennington, NJ 08534	$730,000	4	3	2,200	14,810
1 Masters Way, Pennington, NJ 08534	$350,000	–	–	3,071	11,761
22 Avalon Road, Pennington, NJ 08534	$545,000	4	3	2,574	14,375
21 Avalon Road, Pennington, NJ 08534	$1,230,000	5	3	2,932	22,651
9 Avalon Road, Pennington, NJ 08534	$599,000	–	–	2,301	16,553
26 Avalon Road, Pennington, NJ 08534	$505,000	4	3	2,450	10,019
23 Avalon Road, Pennington, NJ 08534	–	–	–	2,012	24,394
21 Foster Road, Pennington, NJ 08534	$300,000	2	2	1,501	7,405
23 Foster Road, Pennington, NJ 08534	$500,000	2	2	1,934	7,841

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Sawyer Smith

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Pennington, NJ

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