Camille Lee

Sales Associate

My Blog

OPEN HOUSE 304 EWING PRINCETON SEPTEMBER 17, 1-4PM

9/16/2017

Come preview this open layout, modern new construction convenient to downtown tomorrow September 17th from 1-4PM. Stop by the Jazz Feast and then come on by the open house!

 

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146 

 

Princeton Market Update

8/28/2017

 

 

Hi all buyers and sellers. If you've been confused about this crazy market we're in click on the video below for an in depth explanation from Larry Flick Chairman and CEO of Berkshire Hathaway Fox and Roach Realtors and the Trident Group. From first time home buyers to luxury home buyers this video explains it all.

 

 

 

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146 

 

 

Arts and Transit Project Pictures

8/17/2017

Hi everybody!

I thought I would share some photos of the new and nearly finished Arts and Transit space that has been under construction for a few years. This University space holds the new "Dinky", the train that connects Downtown Princeton to the main station at Princeton Junction where the trains to NYC and Philadelphia arrive. This was a very different looking area before construction began. With a small Wawa, which was loved by all, and a closer Dinky station and some parking lots. Now it is home to a concert space a new Wawa, a new Dinky Station and two new restaurants, all adjacent to Mccarter Theater.

I was skeptical at first having grown fond of the old Wawa with its bulletin board full of requests and the old stone Dinky Station that served the town for so many decades. I shed a tear when I watched the old, small, colonial houses that lined Alexander Rd. being torn down to make room for the improvements. I hate progress. On my early morning walks I have watched the construction progress and thought it unappealing to say the least. But now that it is mostly finished I can see the vision. Below are some photos that I think illustrate the beauty of the buildings

 

 

 

 

 

 

 

 

 

 

 

 

Still a work in progress but I am starting to like it more and more. I have not tried the two new restaurants but am looking forward to the experience.

 

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146 

 

 

 

 

 

 

 

 

winter Starts princeton

12/6/2016

Princeton is a great walking town in any season. Explore the housing options here on downtownprincetonrealestate.com. Click here for the homes that are walking distance to town.

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146

 

 

Enjoy Princeton for Less

4/5/2016

Enjoy Princeton for Less

 

Downtown Princeton is an area bustling with activity, movies, restaurants, vibrant public spaces, etc. It also has the train to NYC and Philadelphia and is an hour away from the shore and has great schools.  These are characteristics that today's home buyers highly value. This interesting article in Forbes, "Survey Says Millennials Want To Live In New York, Research Suggests They Should Live In Philadelphia" explains what attributes in an area are important to home buyers in three different age groups and explains why Princeton is a community that is so highly in demand.

So what happens when an area becomes very desirable? The prices go up.

 

The average 4  bedroom house in Princeton is selling for about $975K. The taxes on a house that is selling for $975K can range between $16K and $18K. So with 20% down this house would cost the homeowner approximately $5K a month give or take a $100.

 

Map of Princeton Area Showing Princeton Surrounded By

West Windsor, Plainsboro, Hopewell, Montgomery and Lawrenceville

But it is possible to enjoy everything Princeton has to offer from the surrounding towns. Just minutes away are the towns of West Windsor, Plainsboro, Lawrenceville, Hopewell and Montgomery. I have listed the prices and monthly carrying costs (without insurance and maintenance) for the average 4 bedroom home in each of those towns below.

                               House Price                          Taxes               Monthly Payment

West Windsor            $549,000                           $12,000             $3,000

Plainsboro                     586,500                             12,000               3,100                    

Montgomery                 500,000                             12,000               2,800

Hopewell                       460,000                             10,000               2,500

Lawrenceville                335,000                               8,000               1,800                   

 

Many buyers weigh the quality of public schools heavily in their decision on which area to buy in. School info and statistics can be researched at The New Jersey Department of Education.  So there are options in the area if Princeton is out of your price range and you can search for properties here on the downtownprincetonrealestate.com website anytime. Give me a call and we can chat about which area best fits your needs. 

 

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146

 

 

 

2

4/5/2016

 

A Tale of Two Cities 

 

 

Does this look familiar to you? If you live near downtown Princeton it probably does. Residents selling their homes to builders, builders tearing them down to build homes that are 4 times as large as the home they tore down. This has left little inventory for the buyers in the lower price range looking in Princeton (up to $600K). For that reason most houses, selling on the open market will earn a homeowner 15% more (even after realtor fees) than selling to a builder. These are some recent sales and resales.

 

                                              original sale price                 new build sale price           

155 Hamilton Ave                     $320,000                                    $1,250,000

259 Mount Lucas Rd               $360,000                                    $1,220,000

12 Dorann Ave.                         $425,000                                     $1,295,000

35 Carnahan Pl.                        $400,000                                    $1,295,000

290 Hamilton Ave.                  $560,000                                    $1,359,000

9 Lytle St.                                    $290,000                                    $  950,000

 

 

 As a Princeton resident myself and real a real estate agent with over 10 years of experience I want to explain to you, regardless of the condition of your home, what the differences are between selling to a builder and selling in the open market.

The Princeton real estate market is now a seller’s market and rates are still low. If you believe the market value of your home is under $600k  and you are wondering if it is more cost effective to sell to a builder give me a call and I can explain the builders’ perspective, the ratios they use, etc. to make their decisions so you can make an informed decision about selling your home. Don’t negotiate in the dark. I think you would be surprised to know how valuable your home really is. Even if you’re not ready to sell it doesn’t hurt to know the facts. If in the end the builder’s offer does turn out to be your best option I can also help you negotiate with the builder. Give me a call anytime to set up a time to talk. 

 

 

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146

 

 

It's Good to Know the Facts and Figures

3/21/2016

 

 

What Sold in Princeton in February

The numbers are in for February sales in Princeton and the sales reflect the low volume of inventory.  Only 11 homes sold in Princeton in February of 2016.  

 

Most expensive home -   26 Paul Robeson Pl Unit#12 $1,575,000 A town home in the Residences at Palmer Square. So far, since 2012 11 units have sold.  There are 17 town homes, 16 condominiums, and 67 rental units. They are popular as rentals. These units are located right in the center of downtown Princeton.

Least expensive home -  197 Jonathon Dayton Ct $285,000. A 2 bedroom 1 bath town home in Griggs Farm which is a mixed income development, low income, middle income and market value housing.  These units are not convenient to downtown Princeton.

Types of homes - 3 town homes, and 8 single family homes sold. 2 were new and 9 were resales. 3 were convenient to downtown Princeton.

How buyers paid - 4 homes were paid for in cash, 7 were financed.

Average prices - The average sold price of all real estate in Princeton in February 2016 was $864,909 and the average days on market in February 2016 was 90 days.

See below for some more numbers.

 

 

Search for what's currently on the market in Princeton here.

 

Camille Lee Sells Downtown Princeton Real Estate (609) 529-6146

 

 

 

Smaller Homes near Downtown Princeton

3/5/2016

Looking for a Small Home Near Downtown Princeton?

 

 

 

If you are looking for a small home near Downtown Princeton you are in luck. Most of the housing built near the downtown area was built 75 to 100+ years ago when most homeowners were not looking for walk in closets and finished basements. Princeton is an old town full of history. Though most housing stock near Downtown Princeton lacks certain spacious amenities it is high on character and charm. Many buyers think proximity to Downtown Princeton is worth the trade off. 

Some of the advantages of these smaller homes are smaller houses are less expensive to clean, heat and maintain and leave a smaller carbon footprint. Most do not have high ceilings which is more energy efficient than a large home with cathedral ceilings. A smaller home needs less furniture to make it feel cozy. Less space to store toys, etc. is a good excuse to say,"we can't buy it because we have nowhere to put it!" Anyone who has had a house full of toys that their children rarely take out to play with will know what I'm talking about. The time is better spent walking to play at one of the local parks. Less stuff means less time and money spent taking care of it. 

Location is much more important to real estate values than square feet and Downtown Princeton has all the area amenities a millennial buyer is looking for, safety, public transportation, entertainment, restaurants, public spaces, walkability. Many seniors looking to downsize are looking for small homes near restaurants and shopping. They are done with the big family house and the maintenance that comes with it.

Princeton is the perfect town to jump on the small home bandwagon. Use all that money you save not heating an extra 10 feet of air space in your family room, not landscaping, etc to travel or take in all the cultural activities available right outside your door. Search for homes with easy access to Downtown Princeton here. 

10 Facts About The Current Local Real Estate Market And Why You Should Sell

2/23/2016

10 Facts About The Current Local Real Estate Market And Why You Should Sell Now

All the experts are predicting the busiest spring market in many years in Princeton and Mercer County. If you are a homeowner in Princeton and have been hesitant about putting your house on the market in the last few years this might be the best opportunity you have had in quite a while. Some of the reasons why are listed below. You can see more statistics at Trend MLS.

 

1. Sales in January in Mercer County were considerably higher than expected, exceeding 2015 by 17%.

2.Additionally, the median sales price in Mercer County was 4% higher than a year ago. The sales price increase is not too surprising since most forecasts were for a 3-4% increase in prices this year over 2015.

3.For February a 10% increase in sales is projected in Mercer County.

4. Pending sales, usually a good indication of sales to come over the next month or two, were 6% ahead of last year in    January in Mercer County; that’s in line with the experts expectations of a 3-5% sales increase for 2016.

5. Inventory is beginning to build in Mercer County and it looks like a strong spring market ahead.

6. The median sold price this month in Mercer County was 15% ($31,500) higher than last January.

7. Showing activity was up 9% overall in Mercer County compared to January 2015 and down 39% over last month.

8. Open house activity has increased.

9. The average price per square foot in Princeton in January 2016 was $361, up from $341 in January 2015.

10. There was 5 months of inventory on the market in Princeton in January 2016, anything less than 6 months is considered a sellers market..

So give me a call and let's go over the numbers for your particular neighborhood and see if now is a good time for you to sell.

 

 

 

Open house 131 Westcott

2/13/2016

OPEN HOUSE 131 WESTCOTT RD. PRINCETON

Sweeping Views of one of Princeton's Finest Lots

 

 

Please come by our open house at 131 Westcott.

Located in the highly sought after Western Section of Princeton, within close reach of bustling downtown Princeton and University, this surprisingly large 1 story home has 4 bedrooms and 3 baths and a lower level that will take your breath away.

 

The airy foyer welcomes you to the spacious living room with recently refinished hw floors, built in cabinetry, wood burning fire place and a wall of windows that showcases the breathtakingly deep bucolic 1 acre lot. Perfect for entertaining in all seasons its formal dr leads to the expansive maintenance free timbertech deck great for entertaining in all seasons.

 

The updated kitchen with SS appliances, granite counter tops, tile backsplash, classic white cabinetry with island and stools and flat screened TV has an entry door to a covered breezeway which leads to an oversized 2 car garage with easy pull down attic for amazing storage and was built with possible expansion of this home in mind.

 

             

 

 

Master bedroom with private bath with 2 other bedrooms and hall bath complete the upper level. Entrance to the lower level will not disappoint with its radiant heated slate floors, welcoming gas burning fireplace surrounded with custom built in cabinetry with flat screen tv and custom sound system for entertaining in your new home. Custom built cabinetry in laundry/ office/ craft room provides you with many options. The lower level has a 4th bedroom with full bath and also expansive bilevel basement storage. Walk out to blue stone patio and it's only steps to the private heated pool. Quality was not spared with any upgrades done by present owner. With established perennial gardens, Hardie Plank siding, rebuilt bluestone patio and garden walls and large shed for storage. Renovations were done with expansion in mind.

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