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321 Walnut Ln, Princeton, NJ, 08540

4beds
4baths
2,356sqft
$1,399,000
$594price/sqft
$10,233/moest. monthly cost
$409,320/yrincome needed

About This Home

Welcome home! This beautiful split-level home has been thoughtfully renovated and provides an open space concept from the entrance to the sun room/dining room. It is perfectly located next to the excellent Princeton Public Schools, within walking distance to town and a stone throw away from the Princeton Shopping Center. While perfectly integrated into the neighborhood, this home stands out through its spacious living space, hardwood floors, and gorgeous backyard that is ideal for hosting guests, enjoying a beautiful evening on the porch or playing soccer in the spacious backyard. The fully fenced backyard is beautifully landscaped and framed by mature evergreens that will provide even greater privacy as they grow. Three fig trees, a wildflower garden, vegetable beds, and a cozy patio with a grilling area create a beautiful and inviting outdoor retreat complete with a storage shed. The home features 4 bedrooms, 3.5 bathrooms with a den, a deck, one car attached garage and driveway parking. The den can be used as an additional bedroom, office, or playroom. Each spacious bedroom is filled with abundant natural light. The airy primary suite features a walk-in closet, soaking tub, stall shower, and radiant heated flooring. The fully renovated kitchen opens to a bright dining area with large windows and sliding doors that fill the space with natural light, complemented by a cozy gas fireplace. The home also offers two-zone heating and cooling, a whole-house generator, newer utilities (4yrs old), a newer roof ( 4years old). A wonderful combination of thoughtful renovations, flexible living spaces, modern amenities, and an exceptional outdoor setting all in a highly desirable Princeton location. This home has so much to offer! A rare find in Princeton that needs to be seen in person. You will want to call this home!

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
76
BikeVery Bikeable

Schools

9/10
8/10
Princeton High SchoolGrades 9-120.4 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 1954

Materials

  • Foundation: Other
  • Construction materials: Frame

Notable Dates

  • Major remodel year: 2022

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Washer,Dishwasher,Dual Flush Toilets,Microwave,Cooktop,Water Conditioner - Rented,Water Heater
  • Laundry features: Lower Level,Laundry Room

Bathroom1

  • Features: Bathroom - Stall Shower
  • Level: Lower

Bathroom1

  • Features: Soaking Tub,Bathroom - Stall Shower,Bathroom - Walk-In Shower,Double Sink,Flooring - Ceramic Tile,Recessed Lighting
  • Level: Upper

Bathroom2

  • Features: Bathroom - Tub Shower,Flooring - Ceramic Tile,Lighting - Ceiling
  • Level: Upper

Bedroom1

  • Features: Flooring - HardWood,Recessed Lighting
  • Level: Upper

Bedroom2

  • Features: Flooring - HardWood,Recessed Lighting
  • Level: Upper

Bedroom3

  • Features: Flooring - HardWood,Recessed Lighting
  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Den

  • Level: Lower

Dining Room

  • Features: Fireplace - Other,Flooring - HardWood,Recessed Lighting
  • Level: Main

Features

  • Recessed Lighting,Upgraded Countertops,Walk-In Closet(s),Soaking Tub,Bathroom - Stall Shower,Open Floorplan
  • Flooring: Hardwood,Heated,Luxury Vinyl,Other,Wood
  • Number of fireplaces: 1
  • Fireplace features: Brick,Glass Doors
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,356

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Multi Units,Programmable Thermostat,Zoned,Electric

Interior Area

  • Total structure area: 2,356
  • Total interior livable area: 2,356 sqft

Kitchen

  • Features: Countertop(s) - Quartz,Double Sink,Flooring - HardWood,Recessed Lighting
  • Level: Main

Laundry

  • Level: Lower

Living Room

  • Features: Flooring - HardWood
  • Level: Main

Other

  • Level: Main

Primary Bedroom

  • Features: Flooring - HardWood,Recessed Lighting,Walk-In Closet(s),Primary Bedroom - Sitting Area
  • Level: Upper

Primary Bedroom

  • Features: Walk-In Closet(s),Recessed Lighting,Flooring - Heated,Double Sink,Bathroom - Walk-In Shower,Bathroom - Stall Shower,Soaking Tub,Attached Bathroom
  • Level: Upper

Utility Room

  • Level: Lower

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 140720700001
  • Zoning: R6
  • Special condition: Standard

Features

  • Levels: Multi/Split,Four
  • Stories: 4
  • Pool features: None
  • Patio & porch: Deck,Patio
  • Exterior features: Sidewalks
  • Fencing: Partial

Lot

  • Lot size: 0.32 Acres
  • Features: Corner Lot,Rear Yard
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 3
  • Parking features: Built In,Garage Faces Front,Inside Entrance,Driveway,Attached,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

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 WindRelatively High
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Hurricane
Ice Storm
Winter Weather

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 $7,074$84,888
Home Insurance *$394$4,728
Property Taxes $2,506$30,072
Electricity $259$3,116
Total$10,233$122,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$350,845/yr
40% on housing$306,990/yr
45% on housing$272,880/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

$594This listing

vs Other Active Listings

Avg $/sqft

ZIP 08540$485
Mercer County$275

vs Homes Sold Last Month

Median $/sqft

ZIP 08540$399
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
2026-08-15Listed for sale$1,399,000
2021-07-23Sold$695,000
2021-04-01Pending sale$675,000
2021-03-26Listed for sale$675,000
2021-03-26Contingent$675,000
2021-03-04Pending sale$675,000
2021-02-26Contingent$675,000
2021-02-26Pending sale$675,000
2021-02-19Listed for sale$675,000

For Sale by Agent

AgentNadia Macauley
BrokerageWeichert Realtors - Princeton

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