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38 Governors Ln

Princeton, NJ 08540

3 bd 4 ba 2,607 sqft Built 1993 townhomes
Most recent sale
$999,999
Jul 7, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 7, 2022 Sold $999,999 MLS #NJME2012210
May 4, 2022 Price changed $999,900 MLS #3763363
Feb 11, 2022 Listed $1,039,000 MLS #NJME2012210
Sep 7, 2021 Listing removed $5,000 BrightMLS
Aug 15, 2021 Listed for rent $5,000 BrightMLS
Aug 14, 2021 Listed for rent $5,000 GardenState
Dec 17, 2019 Listed for rent $4,800 BrightMLS
May 11, 2017 Sold $877,500 MLS #6928827
Feb 16, 2017 Listed $898,000 MLS #1000038474
Mar 4, 2016 Listing removed $785,000 BrightMLS
Mar 26, 2014 Sold $769,500 Public Record
Jul 3, 2013 Sold $769,500 MLS #6193990
Mar 27, 2013 Listed $779,000 MLS #6193990
May 29, 2012 Listing removed $5,500 BrightMLS
May 7, 2012 Listed for rent $5,500 BrightMLS
Mar 6, 2012 Listed $785,000 MLS #6019518
Feb 4, 2012 Listing removed $5,800 BrightMLS
Dec 14, 2011 Listing removed $749,000 BrightMLS
Apr 3, 2011 Listed $749,000 MLS #5878845
Sep 30, 2009 Sold $752,400 MLS #5484178
Aug 8, 2009 Listed for rent $5,800 BrightMLS
Jun 25, 2009 Listing removed $5,800 BrightMLS
Feb 10, 2009 Listed $789,000 MLS #5484178
Oct 24, 2008 Listed $869,000 MLS #5439952
Sep 24, 2007 Sold $835,000 MLS #4915787
Mar 31, 2007 Listed $835,000 MLS #4915787
Oct 26, 1993 Sold $425,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $412,500 $275,000 $687,500 $18,789
2024 $412,500 $275,000 $687,500 $18,308
2023 $412,500 $275,000 $687,500 $17,283
2022 $403,900 $275,000 $678,900 $16,510
2021 $403,900 $275,000 $678,900 $16,558
2020 $403,900 $275,000 $678,900 $16,429
2019 $403,900 $275,000 $678,900 $16,104
2018 $403,900 $275,000 $678,900 $15,832
2017 $400,200 $275,000 $675,200 $15,530
2016 $400,200 $275,000 $675,200 $15,287
2015 $400,200 $275,000 $675,200 $14,935
2014 $400,200 $300,000 $700,200 $15,299
2013 $418,600 $315,000 $733,600 $15,633
2012 $418,600 $315,000 $733,600 $15,002
2011 $418,600 $315,000 $733,600 $14,415
2010 $418,600 $315,000 $733,600 $14,210
2009 $326,300 $115,000 $441,300 $16,010
2008 $326,300 $115,000 $441,300 $15,737
2007 $326,300 $115,000 $441,300 $15,357

Property facts

Year built
1993
Property type
townhomes
Stories
4
Beds
3
Baths
4
Living area
2,607 sqft
Lot size
ZIP code
08540
City
Princeton
Street
Governors Ln
Coordinates
40.37119, -74.65068

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,911
Gross rental yield
4.69%
Implied cap rate
3.05%
Trend-extrapolated value

Frequently asked questions

When did 38 Governors Ln last sell?
38 Governors Ln most recently sold on Jul 7, 2022 for $999,999.
What is the current tax assessment for 38 Governors Ln?
The most recent total assessment for 38 Governors Ln (year 2025) is $687,500 with $18,789 in property tax.
How does 38 Governors Ln's assessment compare to its last sale price?
The current assessment is 31.2% below the last sale price of $999,999.
When was 38 Governors Ln built?
38 Governors Ln was built in 1993.
How does 38 Governors Ln compare to others on Governors Ln?
We track 8 other properties on Governors Ln. Browse the list under "Other properties on Governors Ln" to compare beds, baths, and sale history.
What are the property facts for 38 Governors Ln?
38 Governors Ln is a 3 bed, 4 bath, 2,607 sqft townhomes.
Is 38 Governors Ln a flip candidate?
No — 38 Governors Ln does not appear in our flips dataset.
Is 38 Governors Ln a tax-appeal candidate?
No — 38 Governors Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+6.6%
Implied 1-yr
+26.6%
2026 Q3
$2.54M
2026 Q4
$2.54M
ZIP 08540 — Median Price History + Forecast

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