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5 Penlaw Rd, Lawrence Township, NJ, 08648

5beds
3baths
2,174sqft
$675,000
$310price/sqft
$5,069/moest. monthly cost
$202,760/yrincome needed

About This Home

Welcome home to this wonderful 5-bedroom, 2½-bath residence in the heart of Lawrenceville! Ideally located just blocks from The Lawrenceville School, local restaurants, bakeries, and parks, this home offers the perfect blend of comfort, convenience, and community. Filled with natural light, the home features beautiful hardwood floors in the living room and dining room. The spacious floor plan includes a welcoming living room, formal dining room, eat-in kitchen, and a cozy family room with a fireplace—ideal for everyday living and entertaining. Make your way outside to the screened-in porch, a perfect place to relax while overlooking the flat, private backyard. An unfinished basement provides abundant storage and offers excellent potential for future living space. Conveniently located near Route 1 and I-295, with easy access to nearby train stations, Princeton University, and several of the area's top private schools, this home is perfectly situated for commuters and families alike. Don't miss the opportunity to make this exceptional Lawrenceville home your own. Schedule your showing today!

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

6/10
8/10
Lawrence Middle SchoolGrades 7-82.1 mi
7/10
Lawrence High SchoolGrades PK,9-122.0 mi

Construction

Condition

  • Year built: 1966

Materials

  • Foundation: Block
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Oven,Refrigerator,Dishwasher,Built-In Range,Gas Water Heater
  • Laundry features: In Basement,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Unfinished,Drainage System

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedroom4

  • Level: Upper

Bedroom5

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Features: Fireplace - Gas
  • Level: Main

Features

  • Eat-in Kitchen,Breakfast Area,Floor Plan - Traditional,Formal/Separate Dining Room,Pantry,Primary Bath(s)
  • Flooring: Carpet,Wood,Ceramic Tile
  • Number of fireplaces: 1
  • Fireplace features: Gas/Propane
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,174

Half Bath

  • Level: Main

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,174
  • Total interior livable area: 2,174 sqft

Kitchen

  • Features: Eat-in Kitchen
  • Level: Main

Laundry

  • Level: Lower

Living Room

  • Level: Main

Primary Bathroom

  • Level: Upper

Primary Bedroom

  • Level: Upper

Screened Porch

  • Level: Main

Storage Room

  • Level: Upper

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 070560200005
  • Zoning: R-2B
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Screened Porch

Lot

  • Lot size: 0.37 Acres
  • Lot size dimensions: 110.00 x 145.00

Parking

  • Total spaces: 5
  • Parking features: Garage Faces Side,Asphalt,Attached,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Inland Flooding
Winter Weather
Cold Wave
Hurricane
Heat Wave
Ice Storm
Lightning

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,413$40,956
Home Insurance *$208$2,496
Property Taxes $1,209$14,508
Electricity $239$2,875
Total$5,069$60,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$173,794/yr
40% on housing$152,070/yr
45% on housing$135,173/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$310This listing

vs Other Active Listings

Avg $/sqft

ZIP 08648$238
Mercer County$275

vs Homes Sold Last Month

Median $/sqft

ZIP 08648$295
Mercer County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Contingent$675,000
2026-07-29Listed for sale$675,000

For Sale by Agent

AgentSusan Thompson
BrokerageCorcoran Sawyer Smith - Pennington

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