Weichert Realtors - Princeton
350 Nassau St
The condition of the home and privacy in the backyard also reflect the value of the home.
The sound level is more like a "woosh" when the train passes by.
As long as you buy the house at the lower end of the price-range, it is a good buy. About 5-10% lower than the marekt value of comparable homes, is a good guideline.
You do need an area expert to help you evaluate your needs, what this house offers, what are the other options open to you and come up with where you want to be between the 5 and 10% that I mentioned above.
The way I worked with my buyer is I helped the family tour the house at different times of the day, particularly peak hours. We came up with landscape ideas too. My buyer client is happy and gave me a recommendation in Linkedin and that you should answer your question.
Regard the taxes, these homes do pay a higher tax than other older West Windsor homes. There are other good communities in the area that may interest you.
Pl contact me and I can meet you at my office at Princeton Jct . to discuss these factors.
1. The noise tolerance of a buyer will depend a lot on their point of reference. I know people that come from NYC and they think it is so quite in PJ. The occasional train passing by is of little concern to most people coming from the city. Many people are more concerned about the quality of the school system and shortening their commute in exchange for having a train passing by. You can definitely hear the train, so you need to check it out for yourself and see how you feel.
2. Resale values are very location dependent, and The Estates are in a prime location, with great schools and great commute. Your not going to change the location, so figure that is a constant in the value of the property and there is nothing you can do to change that. The location will affect you one day when you go to sell, just like it's affecting the seller now.
3. Taxes are a complex issue: Taxes are primarily consumed by the school system. Look at virtually any municipal budget and you will see that about 70-80%, of it goes into the schools. Then look at where the tax revenue is coming from and you will find that towns with more corporations might not have to get as much revenue from the home owners. You can also look at the age of the homes and you will notice that Princeton homes are much older than Princeton Junction homes, so newer homes are often taxed at higher rates. Look at the earned income of the two towns and you will noticed that Princeton has a much lower earned income than PJ. You will also notice that a 40 year old split level in Princeton will be worth more money than a 40 year old split level in Princeton Junction, if you could find a comparable. The tax savings are typical replaced with a higher mortgage payment, so you might say it all comes out in the wash. Except that eventually you can pay off your mortgage, where as taxes just keep going up.
I hope that was helpful.
Great question. If the house is right on the tracks then there is some effect on value. I would have to do a market analysis of this exact house to figure out how much the affect is. There is noise, and the best thing to do is to be both inside and out when the train goes by to see how loud you feel it is.
Pg, it is very difficult to compare townships on taxes. Every township has it's own tax rate and assessments. I would be happy to help you compare the two townships on various area.
Let me know if I may be more specific on this house.