Sold
Last Sold Price
76,666 Lot Size1.76 Acres

516 Cherry Hill Rd, Princeton, NJ 08540

LandProperty Type
1.76 acresLot Size

Description

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...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!
  • Listed by: Debra McAuliffe 609.922.8686 dmcauliffe@callawayhenderson.com • Callaway Henderson Sotheby's Int'l-Princeton
Listing closed: 08/01/2023 12:00 AM • Source: BRIGHT, MLS#: NJME2028288
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Recent comparable sales

Median sold price

$825,000

Avg days on market

106

Sale-to-list ratio

92.0%

Princeton, NJ

9 comparable properties found

a view of an ocean from a yard
1/11
1

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Sold 07/27/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
a view of lake and mountain
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Sold 07/27/26

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Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
69.15
Acres
a view of a yard
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Sold 01/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
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Sold 12/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.64
Acres
$999,000 | 52 Marion Road West, Princeton, NJ 08540
1/6
5

$999,000

Sold 11/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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a view of a tree in a forest
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Sold 03/05/25

Unavailable
Bedrooms
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Square Feet
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Acres
$965,000 | 661 Mt Lucas Road, Princeton, NJ 08540
1/28
7

$965,000

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.71
Acres
$1,455,000 | 19 Prentice Lane, Princeton, NJ 08540
1/3
8

$1,455,000

Sold 11/07/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.36
Acres
a view of lake with green space
1/3
9

$510,000

Sold 06/02/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.80
Acres

Location

Listing Courtesy of Callaway Henderson Sotheby's Int'l-Princeton

Sold By Callaway Henderson Sotheby's Int'l-Princeton

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Principal and Interest

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Property Taxes

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Property Information for 516 Cherry Hill Road

Property Details

  • Taxes: $13,149 / year
  • MLS Type: Land / Fee Simple
  • Tax ID Number: 14-02201-00029
  • Ownership: Fee Simple
  • HOA: No
  • Waterfront: No
  • Garage: No
  • Municipality: PRINCETON
  • Central Air: No
  • Construction Completed: No

Building Information

  • Lot Size: 1.76 AC

Location

Location
  • School District Name: PRINCETON REGIONAL SCHOOLS
  • School District County ID: 300200396175
  • SchoolDistrictSource: Listing Agent
  • County: MERCER
  • MLS Area: Princeton (21114)

Waterfront / Water Access

Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No

Taxes and Assessment

Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $540,700
  • Year Assessed: 2022
  • County Tax: $0
  • Improvement Assessed Value: $127,700
  • City Town Tax: $0
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: RA
  • Tax Lot: 00029
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes

Lease Information

Lease Information
  • Concessions: No

Lot / Land Information

Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Current Use: Residential
  • Parcel ID: 2141923
  • Additional Parcels: No

Utilities

Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 516 Cherry Hill Road

DateEvent & SourcePriceAppreciation
Aug 1, 2023

Closed

BRIGHT #NJME2028338

$900,000—
Aug 1, 2023

Closed

BRIGHT #NJME2028288

$900,000—
Jul 8, 2023

Pending

BRIGHT #NJME2028338

—
DateEvent & SourcePrice
08/01/2023

Closed

BRIGHT #NJME2028338

$900,000
08/01/2023

Closed

BRIGHT #NJME2028288

$900,000
07/08/2023

Pending

BRIGHT #NJME2028338

—

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

Public records

516 Cherry Hill Road

Beds

0

Total Finished SqFt

1,633 SqFt

Above Grade Finished SqFt

1,633 SqFt

Stories

1

Lot Size

76,666 SqFt

Style

Miscellaneous Vacant Land

Schools near 516 Cherry Hill Road

This home is within Princeton Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Community Park Elementary School
PublicPK to 5

Princeton Middle School
Public6 to 8

Princeton High School
Public9 to 12

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

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 516 Cherry Hill Road, Princeton, NJ 08540
$900,000
–
–
–
76,666
$558,000
3
–
52,708
$1,380,000
5
5,081
182,952
$535,000
–
–
2,724
65,340
$1,475,000
5
5,490
52,490
$276,650
–
–
2,424
65,906

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 Callaway Henderson Sotheby's Int'l-Princeton

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.