When was 487 Prospect Ave, Princeton, NJ last sold?

The most recent recorded sale was in 2025 for $3,850,000.

What is the assessed value of 487 Prospect Ave, Princeton, NJ?

The total municipal assessment is $1,658,100 (land plus improvements).

What is 487 Prospect Ave, Princeton, NJ worth?

Our model estimates a market value of $3,517,871, derived from comparable recorded sales nearby.

How many units does 487 Prospect Ave, Princeton, NJ have?

Records show 1 dwelling unit at 487 Prospect Ave, Princeton, NJ.

What kind of property is 487 Prospect Ave, Princeton, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2022.

parceldata.nj

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487 Prospect Ave, Princeton, NJ — owner, sales, deeds · parceldata

487 Prospect Ave

Princeton, NJ 08540·Mercer County

1114·block 7805·lot 14

$3,517,871estimated value

Last sale

$3,850,000

3/5/2025 · SR1A 2025

2 other properties share this owner's mailing address.View portfolio →

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2022

Building size

—

Lot size

0.53 ac

Land description

0.53A

Building description

2SF 2G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$1,658,100

Land value

$553,000

Improvement value

$1,105,100

Last year's tax

$44,155

Last MOD-IV sale

$957,000

MOD-IV deed date

4/16/2021

Owner mailing address

487 PROSPECT AVE
PRINCETON NJ 08540

Estimated market value

$3,517,871

range $3,156,038 – $3,793,620

high confidence

Assessment-implied: $2,647,031; Director's Ratio 0.6264 (2025)
Comp-implied: $2,700,000; 30 comparable sales

Estimated value, last 11 years

2016: $2,317,886 → 2026: $3,517,871

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
2 Van Marter Court	1/9/2026	$1,710,000
93 Mc Cosh Circle

Bordering

200-ft notice list →

28 Mason Drive
Lot 10·$639,400
16 Mason Drive
Lot 11·$795,000
475 Prospect Ave
Lot 13·$723,400
497 Prospect Ave
Lot 15·$817,700

Block 7805All of Block 7805 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 2,
  "portfolioKeys": {
    "fullKeys": [
      "487 PROSPECT AVE PRINCETON NJ 08540"
    ],
    "zipKeys": [
      "487 PROSPECT AVE 08540"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1114_7805_14",
  "county_code": "11",
  "district_code": "14",
  "block": "7805",
  "lot": "14",
  "qualifier": "",
  "property_location": "487 PROSPECT AVE",
  "property_class": "2",
  "bldg_class": "21",
  "bldg_desc": "2SF 2G",
  "land_desc": "0.53A",
  "year_built": 2022,
  "living_sqft": null,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "55300000",
  "improvement_value_cents": "110510000",
  "net_value_cents": "165810000",
  "last_yr_tx_cents": "4415520",
  "deed_date": "2021-04-16",
  "deed_book": "06439",
  "deed_page": "01526",
  "sale_price_cents": "95700000",
  "sales_code": null,
  "owner_mailing_street": "487 PROSPECT AVE",
  "owner_mailing_city_state_zip": "PRINCETON NJ 08540",
  "mun_name": "PRINCETON",
  "calc_acre": "0.530000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.63199439603181,
  "centroid_lat": 40.35691316164911
}

SR1A

[
  {
    "id": "e6c57a88-3574-4b2a-81df-770f2abc5628",
    "property_id": null,
    "county_code": "11",
    "district_code": "14",
    "block": "7805",
    "lot": "14",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2025-02-28",
    "date_recorded": "2025-03-05",
    "sale_price_cents": "385000000",
    "sr1a_year": 2025,
    "source": "sr1a"
  },
  {
    "id": "9c16ec6e-de31-46b5-bf68-ee0ede4c6a94",
    "property_id": null,
    "county_code": "11",
    "district_code": "14",
    "block": "7805",
    "lot": "14",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2021-04-16",
    "date_recorded": "2021-05-03",
    "sale_price_cents": "95700000",
    "sr1a_year": 2021,
    "source": "sr1a"
  },
  {
    "id": "19de844f-7dd3-45b5-ad66-6a8f746316fe",
    "property_id": "97aa3a6f-e801-479c-a86f-9fa7cad67589",
    "county_code": "11",
    "district_code": "14",
    "block": "7805",
    "lot": "14",
    "qualifier": "",
    "deed_book": "6439",
    "deed_page": "1526",
    "deed_date": "2021-04-16",
    "date_recorded": "2021-04-16",
    "sale_price_cents": "95700000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 487 Prospect Ave, Princeton, NJ last sold?: The most recent recorded sale was in 2025 for $3,850,000.
What is the assessed value of 487 Prospect Ave, Princeton, NJ?: The total municipal assessment is $1,658,100 (land plus improvements).
What is 487 Prospect Ave, Princeton, NJ worth?: Our model estimates a market value of $3,517,871, derived from comparable recorded sales nearby.
How many units does 487 Prospect Ave, Princeton, NJ have?: Records show 1 dwelling unit at 487 Prospect Ave, Princeton, NJ.
What kind of property is 487 Prospect Ave, Princeton, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2022.

Sales history

3/5/2025$3,850,000
SR1A 2025
5/3/2021$957,000
SR1A 2021
4/16/2021$957,000
MOD-IV (Rutgers)Bk 6439 / Pg 1526

Date	Price	Book / Page	Source
3/5/2025	$3,850,000	—	SR1A 2025
5/3/2021	$957,000	—	SR1A 2021
4/16/2021	$957,000	6439 / 1526	MOD-IV (Rutgers)