OFF MARKET

Off market jun 2023 for $565K

$779,276

Est. refi paymentEst. refi $4,402/mo

•

2,488

sq ft

240 Federal City Rd, Pennington, NJ 08534

About this home

A long lane leads to this beautiful 4 BR Hopewell Township home on 2 acres backing to hundreds of acres of preserved land! Renovated from top to bottom when the current owners moved in, they continue to add and improve. Features include; New roof, new oil tank, new septic, new heater, a 30 x 30 Morton building, a 2 car detached garage and a huge paved parking lot. 4 huge sunny bedrooms, a large country kitchen, a spacious family room, a first-floor laundry room with a 1/2 bath, covered front and back porches, a trellis with flowing vines, and a charming wishing well! Custom professional hardscaping and lush landscaping add beauty to the grounds. New carpets installed in the upstairs bedrooms, and gorgeous original HW flooring throughout. Plenty of parking for your cars, boats, and recreational toys, plus room for a pool! Seller's children learned to ride their bikes on the huge paved parking area. Close to the soccer/lacrosse fields, and convenient to shopping, I-295, and downtown Pennington Borough. Hopewell Township schools. Minutes to downtown Princeton. Showings start April 1st!

Single-familyProperty Type

1866Year Built

2 acresLot Size

$313Est. Price/Sq.Ft.

2 car garageParking

Listed by Elisabeth Kerr • Corcoran Sawyer Smith - Pennington

•609-737-1500 (broker)

•sawyer@corcoranss.com (broker)

Bought with Robert Basta • Century 21 Veterans-Pennington

•800-594-9178 (broker)

•melanie@c21veterans.com (broker)

Redfin checked: a few seconds ago

•Source:BRIGHT MLS #NJME2020366

Redfin Estimate

$779,276

$214K since sold in June 2023$14K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.4% higher than the average sale price ($740K) of 6 comparable homes.

SOLD JUN 8, 2026
$765,000
A
4 beds2 baths1,826 sq ft
3 Sioux Rd, Pennington, NJ 08534
SOLD JUN 15, 2026
$925,000
B
4 beds2.5 baths2,526 sq ft
4 Eric Ct, Lawrence Twp, NJ 08648
SOLD JUN 26, 2026
$575,000
C
4 beds2.5 baths2,605 sq ft
159 Bull Run Rd, Pennington, NJ 08534
SOLD JUL 29, 2026
$685,000
D
4 beds2.5 baths2,384 sq ft
6 Abby Dr, Lawrence Twp, NJ 08648
SOLD JUN 26, 2026
$495,000
E
4 beds2 baths1,683 sq ft
18 Crest Ave, Pennington, NJ 08534
SOLD SEP 16, 2026
$992,000
F
4 beds2.5 baths2,598 sq ft
10 Avalon Rd, Pennington, NJ 08534

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Earn from this home

Sell

$308,461

Est. take-home

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Refinance

Est. cash available

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Rent

$2,338/mo

Redfin rental estimate

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Market trends in 08534, NJ

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.2%

+0.6% MoM

Median sale price

$680K

$35K MoM

Avg. days on market

58d

7 days MoM

Recently sold homes

3 MoM

New listings for sale

$639,900
3 beds2 baths2,300 sq ft
51 Diverty Rd, Pennington, NJ 08534-5011
$399,990
2 beds2 baths— sq ft
1107 Mary Ashby Way, Hopewell Township, NJ 08534
COMING SOON
$1,195,000
5 beds4 baths3,157 sq ft
22 Scudder Ct, Pennington, NJ 08534
(609) 924-1600
$435,990
2 beds2 baths— sq ft
1104 Mary Ashby Dr, Hopewell Township, NJ 08534
$549,000
3 beds2.5 baths1,960 sq ft
227 Concord Pl, Pennington, NJ 08534-5264
3D WALKTHROUGH
$899,000
4 beds2.5 baths2,512 sq ft
86 Chicory Ln, Pennington, NJ 08534
(609) 737-1500
$569,990
3 beds2.5 baths— sq ft
160 Leona Stewart Ln, Hopewell Township, NJ 08534
3D WALKTHROUGH
$2,250,000
5 beds6 baths5,921 sq ft
19 Tara Way, Pennington, NJ 08534
(609) 921-1050
$475,000
4 beds1.5 baths1,194 sq ft
81 Hopewell Pennington Rd, Hopewell, NJ 08525
(908) 306-9600
$639,000
4 beds2 baths1,900 sq ft
20 Route 31 S, Pennington, NJ 08534
(844) 837-5274
See all

Provided by Redfin

Sale history for 240 Federal City Rd

Date

Event

Price

BRIGHT MLS #NJME2020366

Jun 20, 2023

Sold

$565,000

$227/sq ft

May 19, 2023

Pending

—

Apr 16, 2023

Contingent

—

Mar 25, 2023

Price Changed

$580,000

$233/sq ft

Mar 25, 2023

Relisted

—

Mar 1, 2023

Pending

—

Feb 24, 2023

Sold

$565,000

$227/sq ft

Feb 24, 2023

Listing Removed

—

Jan 28, 2023

Contingent

—

Jan 18, 2023

Price Changed

$579,000

$233/sq ft

Jan 4, 2023

Price Changed

$580,000

$233/sq ft

Oct 4, 2022

Price Changed

$599,000

$241/sq ft

Aug 3, 2022

Listed

$619,000

$249/sq ft

Jul 26, 2022

Coming Soon

$619,000

$249/sq ft

Public Records

Jun 26, 2017

Sold

$370,000

$149/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$17,280 (+2.8%)

$297,000 + $235,500

$532,500

2024

$16,811 (+3.3%)

$297,000 + $235,500

$532,500

2023

$16,273 (+2.1%)

$297,000 + $235,500

$532,500

2022

$15,938 (−2.2%)

$297,000 + $235,500

$532,500

2021

$16,289 (+2.5%)

$297,000 + $235,500

$532,500

2020

$15,895 (+2.5%)

$297,000 + $235,500

$532,500

2019

$15,506 (+1.9%)

$297,000 + $235,500

$532,500

2018

$15,219 (+0.3%)

$297,000 + $235,500

$532,500

2017

$15,168 (+5.8%)

$297,000 + $235,500

$532,500

2016

$14,338 (+4.2%)

$297,000 + $248,600

$545,600

2014

$13,765 (+0.3%)

$297,000 + $248,600

$545,600

2013

$13,727 (+3.8%)

$297,000 + $248,600

$545,600

2012

$13,231 (+6.9%)

$297,000 + $248,600

$545,600

2011

$12,380 (+5.1%)

$297,000 + $248,600

$545,600

2010

$11,774 (+3.1%)

$297,000 + $248,600

$545,600

2009

$11,419

$297,000 + $248,600

$545,600

Tax history for 240 Federal City Rd

Year

Property tax

Land + Additions

Assessment*

2025

$17,280 (+2.8%)

$297,000 + $235,500

$532,500

2024

$16,811 (+3.3%)

$297,000 + $235,500

$532,500

2023

$16,273 (+2.1%)

$297,000 + $235,500

$532,500

2022

$15,938 (−2.2%)

$297,000 + $235,500

$532,500

2021

$16,289 (+2.5%)

$297,000 + $235,500

$532,500

2020

$15,895 (+2.5%)

$297,000 + $235,500

$532,500

2019

$15,506 (+1.9%)

$297,000 + $235,500

$532,500

2018

$15,219 (+0.3%)

$297,000 + $235,500

$532,500

2017

$15,168 (+5.8%)

$297,000 + $235,500

$532,500

2016

$14,338 (+4.2%)

$297,000 + $248,600

$545,600

2014

$13,765 (+0.3%)

$297,000 + $248,600

$545,600

2013

$13,727 (+3.8%)

$297,000 + $248,600

$545,600

2012

$13,231 (+6.9%)

$297,000 + $248,600

$545,600

2011

$12,380 (+5.1%)

$297,000 + $248,600

$545,600

2010

$11,774 (+3.1%)

$297,000 + $248,600

$545,600

2009

$11,419

$297,000 + $248,600

$545,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

2 Acres

Year renovated

—

Sq. Ft.

1,888

Year built

1866

Style

Single Family Residential

County

Mercer County

APN

0600077 00002 02

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 14, 2026.

VRC

Valley Resource Conservation District

The purpose of these districts is to implement the goals, objectives and principles of the 2002 Master Plan relative to protecting environmentally sensitive areas, recognizing development capacity limitations established by natural resource capabilities, maintaining the rural character and providing for sustainable development. These districts have been designed to comprehensively address the interrelated goals of protecting groundwater quantity and quality, maintaining surface water resources, conserving the scenic rural character, addressing limiting soil conditions and promoting continued agricultural use opportunities, while also providing a range of development opportunities that offer alternatives for the landowner.

Permitted uses

Include but are not limited to:

Agriculture
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Public service
Library
Golf related
Housing-Mobile home park
Park & open space

Property details

Parking

Parking Information
# of Detached Garage Spaces: 2
Garage Features: Garage Door Opener
# of Total Garage and Parking Spaces: 2
Has Garage
# of Garage Spaces: 2
Driveway, Detached Garage

Interior

Bedroom Information
# of Bedrooms On 1st Upper Level: 4

Bathroom Information
# of Bathrooms (Full) On 1st Upper Level: 1
# of Bathrooms (Half) On Main Level: 1
# of Bathrooms (Full) On All Upper Levels: 1
# of Bathrooms (Half): 1
# of Bathrooms (Full): 1

Interior Information
Flooring Type: Hardwood
Living Area Sq.Ft. Source: Estimated

Room Information
Laundry Type: Main Floor

Basement Information
Basement: Yes
Unfinished

Exterior

Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $235,500
Ownership Interest: Fee Simple
Year Built Source: Assessor

Building Information
Construction Materials: Frame
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Structure Type: Detached

Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No

Land Information
Land Assessed Value: $297,000

Above Grade Information
Finished Sq.Ft.: 2,488
Finished Sq.Ft. Source: Estimated

Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor

Financial

Tax Information
Tax Assessed Value: $532,500
Tax Year: 2022
Tax Annual Amount: $16,288

Assessments Information
Year Assessed: 2022

Utilities

Utilities Information
Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Baseboard - Hot Water, Radiator
Heating Fuel: Oil
Hot Water: Oil
Sewer Septic: Private Sewer
Cable TV
Water Source: Private

Location

School Information
Elementary School: STONY BROOK E.S.
Middle Or Junior School: TIMBERLANE M.S.
High School: CENTRAL H.S.
School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS
Elementary School Source: Listing Agent
Middle School Source: Listing Agent
High School Source: Listing Agent
School District Source: Listing Agent

Location Information
Cross Street: Pennington Lawrenceville Rd.
Directions: Pennington Lawrenceville Rd to Federal City Rd - home sits back off the road
Municipality: HOPEWELL TWP

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,888
Stories: 2.0
Lot Size: 2 acres
Style: Single Family Residential
Year Built: 1866
Year Renovated: —
County: Mercer County
APN: 0600077 00002 02

Home facts updated by county records on Aug 14, 2026

Other

Listing Information
Automatically Close on Close Date

Around this home

Schools

Stony Brook Elementary School

Public PreK-5 • Assigned • 0.4mi

9/10

Timberlane Middle School

Public 6-8 • Assigned • 3.1mi

6/10

Central High School

Public 9-12 • Assigned • 2.9mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.62% chance of being in a wildfire in next 30 years

6/10 Heat Factor

7 days above 101° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Pennington, NJ • 08534

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$741,000 – $897,000

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New listings for sale in 08534-5011

$639,900

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51 Diverty Rd, Pennington, NJ 08534-5011

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2 beds2 baths— sq ft

1107 Mary Ashby Way, Hopewell Township, NJ 08534

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22 Scudder Ct, Pennington, NJ 08534

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3D WALKTHROUGH

$899,000

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86 Chicory Ln, Pennington, NJ 08534

(609) 737-1500

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3 beds2.5 baths— sq ft

160 Leona Stewart Ln, Hopewell Township, NJ 08534

3D WALKTHROUGH

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Home values near 240 Federal City Rd

Data from public records.

Address	Redfin Estimate
242 Federal City Road, Pennington, NJ 4 Beds \| 2.5 Baths \| 2178 Sq. Ft.	$450,808
248 Federal City Road, Pennington, NJ 4 Beds \| 2.5 Baths \| 2300 Sq. Ft.	$781,733

Address	Redfin Estimate
244 Federal City Road, Pennington, NJ 4 Beds \| 2.5 Baths \| 2156 Sq. Ft.	$743,676
240 Federal City Road Unit A, Pennington, NJ 3 Beds \| 1.5 Baths \| - Sq. Ft.	$643,184

Address	Redfin Estimate
246 Federal City Road, Pennington, NJ - Beds \| - Baths \| 1804 Sq. Ft.	$626,785
219 Penn Lawrenceville Road, Pennington, NJ 3 Beds \| 2 Baths \| 1845 Sq. Ft.	$692,437

Property information provided by BRIGHT MLS when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 08534, NJ

Sale history for 240 Federal City Rd

Tax history for 240 Federal City Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 08534-5011

Home values near 240 Federal City Rd

More real estate resources