Metuchen NJ Real Estate & Homes For Sale

With the D&R Canal edging one side and preserved natural land bordering the 3 other sides, this peaceful, nearly 9-acre offering has that worlds-away country feel within 47 miles of NYC and 8 miles of Princeton. The masterfully converted bank barn has views of the working Christmas tree farm, included as part of this offering and on a lot of its own, adjacent to a pond and stream. Presenting the chance to live in one-of-a-kind comfort, the dramatic stone and clapboard barn is full of rustic contemporary allure thanks to the talents of renowned local architect, Jerry Ford. Huge beams accentuate soaring ceilings and oversized windows welcome in light and protected views of the grounds. Some space is wide open, ideal for gathering groups. A library, featuring floor-to-ceiling bookshelves, and a study with a reading nook, are cozy spots to escape. The upper bedroom suites are beyond spacious, while the ground floor offers guests the independence of a self-contained apartment. With three fireplaces, multiple decks and no neighbors in sight, this place is just as magical on a snowy day as it is on a starry night! Whether you have multi-generational needs, dream of working the land or seek a dramatic rural getaway where all can convene comfortably, this property represents an extraordinary opportunity. Come see!

Beautiful corner property located in central Jamesburg close to all conveniences including Turnpike. 3 beds plus office which can be possible 4th bedroom and 1 bath on the first floor; 3 beds and 1 bath on second floor with full finished attic on third floor which can be another bedroom. The first floor has family room, dining room, study and kitchen. Kitchen features cherry cabinets, granite countertops with tiled backsplash, stainless steel appliances and ceramic floors which leads to a resort style backyard deck, paver patio and gorgeous in ground concrete pool. There are 2 separate electrical panels and meters as well as 2 separate water meters. Possible mother/daughter as the second/third floor can easily be converted with a private entrance which already features full kitchen and family room combo with beautiful cathedral ceilings. Whole house freshly painted and new plank flooring throughout with recessed lighting.

A remarkable investment opportunity with loads of potential! This home offers 2 beds, 1 bath, and plenty of room to move about with over 861 square feet of living space! An open porch to sit on for fresh air and sunlight while overlooking your front yard. Great opportunity to make this your own! Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO, and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate, are deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing. DO NOT Approach the occupants, exterior drive-by showing ONLY!!

Impeccably maintained and thoughtfully updated, this charming 4-bedroom, 2-bathroom Ranch home is situated on a quiet end lot in the highly sought-after Kendall Park community of South Brunswick Township. Boasting a renovated kitchen, spacious living and dining areas, a cozy family room, this residence offers comfortable living spaces for the whole family. 4 beds and 2 updated full baths. Outside, enjoy the privacy of the fenced yard and the allure of the stunning inground pool, perfect for entertaining or relaxation. Additional highlights include a convenient 1-car garage and proximity to top-rated South Brunswick schools, restaurants, shopping, and more!

Prepare to be enchanted by this large and lovely cul-de-sac home! Arrive and be greeted by a covered front porch, beautifully manicured grounds, and a striking pool area with a covered pavilion. This tranquil retreat overlooking a ravine of majestic trees will be a favorite all summer long. Inside, there is plenty of space for everyone, from large formal rooms to a cathedral great room with a fireplace, and a bonus room (or bedroom or in-law suite) with its own entrance. Even the practicalities are a delight in this home, with a large laundry room that is as functional as it is cheerful. In the kitchen and breakfast room, pro-style appliances and granite countertops meet sweeping views of the surrounding landscape and open to an elevated patio. Upstairs, the main suite boasts a sumptuous bathroom and a designer cedar walk-in closet equipped with a sophisticated organization system. Thoughtful touches such as storage cabinets for suitcases and lesser-used items elevate the convenience. Santosh mahogany wood floors seamlessly connect all four upstairs bedrooms, each offering abundant natural light and ample storage. The walkout basement features tall ceilings and two doors leading out to the patio and pool area. Noteworthy is the inclusion of public water and sewer ensuring peace of mind for years to come. Convenient to so much including Montgomeryâs highly regarded schools!

Welcome to your dream home! Nestled on a sprawling 1.178-acre landscaped lot, this stunning center hall colonial offers an unparalleled living experience.The first floor impresses with a two-story foyer, versatile office/bedroom, laundry room, powder room, and elegant living and dining rooms adorned with crown molding. The family room features HW floors, a wood-burning fireplace, and sliders opening to the deck a seamless blend of comfort and style. Step into the spacious eat-in kitchen, boasting granite countertops, a stylish tile backsplash, SS appliances, LED recessed lights, a convenient center island. and sliders leading to the rear patio. Upstairs, retreat to the primary bedroom oasis complete with a cedar-lined walk-in closet and a luxurious master bathroom featuring a double shower and vanity table. Three additional spacious bedrooms with ceiling fans ensure ample space for everyone. Bedroom 3 even offers walk-in access to a large finished attic space, perfect for storage.The finished basement, is equipped with heat and air conditioning, and ceramic flooring. Enjoy a large recreational room complete with a pool table, air hockey, and ping pong table, plus a fitness room with all equipment and plenty of storage ideal for indoor enjoyment and relaxation. The 2-car wide driveway leads to a side-entry garage, complemented by an underground irrigation system, large shed, and a patio featuring a gas grill,& trellis with a marble bench creating a serene outdoor retreat

Lovely townhouse located in the sought after neighborhood of Whispering Woods in Monmouth Junction. This Ashwood model offers a well-designed layout with two spacious bedrooms, each accompanied by its own private bath, ensuring comfort and privacy for occupants. The second floor laundry is convenient for handling laundry chores. The remodeled kitchen features soapstone countertops, adding a touch of elegance and durability. The breakfast bay window enhances the kitchen's appeal and provides a cozy spot for enjoying morning meals. The dining room overlooks the step-down living room, creating a seamless flow between the spaces. The living room features a fireplace, adding warmth and ambiance to the room. There is a first floor half bath which adds convenience for guests and everyday use. A covered front porch offers a welcoming entrance and a charming spot to relax and enjoy the neighborhood ambiance. The private deck is accessed through sliding glass doors, which provides a secluded outdoor space for entertaining, dining or simply unwinding. Two designated parking spaces ensure convenience for residents and guests.

Discover unparalleled comfort and convenience in the heart of Monroe Parke's vibrant new community. This premier condo enclave invites you to embrace a lifestyle of luxury and modernity, with meticulously crafted living spaces awaiting your arrival. Step into elegance with two generously sized bedrooms boasting full baths and expansive walk-in closets, ensuring ample space for relaxation and rejuvenation. The allure continues with a spacious living/dining area, seamlessly integrating with the beautiful open-concept floor plan. Revel in the sleek ambiance accentuated by granite countertops, stainless steel appliances, and exquisite wood laminate flooring, creating an atmosphere of sophistication and style. Indulge in the bliss of your private balcony, offering a serene retreat to unwind and savor moments of tranquility. Convenience meets luxury with in-unit laundry facilities and LED recessed lighting, elevating your living experience to new heights. Beyond the confines of your exquisite abode, immerse yourself in the lavish amenities of the newly constructed clubhouse. Delight in leisurely days by the heated outdoor pool, invigorate your senses in the state-of-the-art fitness center, or engage in friendly competition in the billiard room. With additional offerings such as a business center, playground, and inviting gathering areas, every aspect of your lifestyle is thoughtfully catered to. Situated mere minutes from major thoroughfares including Routes 9, 18, 130, 33, and the New Jersey Turnpike, as well as convenient public transportation to NYC, connectivity is effortless. Don't miss this exceptional opportunity to embrace a life of unparalleled comfort, convenience, and luxury at Monroe Parke's premier condo community.

Welcome to 42 Hillside Ave, a charming 4 bedroom, 3.5 bath colonial nestled in the heart of Monmouth Junction. This lovely home boasts a warm and inviting atmosphere with lots of natural light, perfect for families seeking a comfortable and cozy living space. The property has been beautifully upgraded and maintained. The first floor features a well-planned layout with hardwood flooring, formal living,dining and family areas with sliding doors leading to the deck and backyard. The home has a recently renovated spacious gourmet kitchen with SS appliances,granite countertops complemented by built in large 70 inch pantry and a big center island. The second level is complete with 4 bedrooms,full bath, sizeable master bedroom with attached full bath, 2 closets including a walk-in closet. The fully finished basement includes a recreation area,new full bath, perfect for entertaining guests with storage space & laundry room. When you step outside into the backyard, you are greeted with a large deck, a well-sized paver patio that has a built-in gas line that can be used for a grill or fire pit. Enjoy the tranquil surroundings and picturesque views of the woods from the deck. The home has many recent upgrades Roof(2021),Fully owned Solar(2021),Paver patio in backyard & front walkway(2021), Finished basement with Full bath(2021),Expanded driveway(2021),New kitchen with 42inch cabinets & 70 inch pantry(2022), New kitchen appliances(2022),1st floor wood flooring(2022), Paint (2022), upgraded bathrooms(2024). Excellent South Brunswick school system with Monmouth Jn elementary, Crossroads North middle school & South Brunswick High School. Steps away from shopping, downtown Princeton restaraunts, NY transit & highways US1,130 & Rt27. Located in a desirable neighborhood, 42 Hillside Ave is a rare find in today's market. Don't miss out on this incredible opportunity!

LOCATED IN SOUTH BRUNSWOCK WITH CRANBURY MAILING ADDRESS. Welcome to this luxurious End unit townhome nestled in the esteemed community of The Oaks at Cranbury. This upscale residence features the Concordia model, boasting three bedrooms and two and a half baths. Lavishly upgraded, high ceilings, abundant natural light and adorned with stylish high-end finishes throughout, this home is designed to impress. As you step inside, you'll be greeted by the open-concept design that seamlessly integrates the great room, dining room, and kitchen whilst showcasing the beautiful views of the private backyard. The gourmet kitchen is a culinary enthusiast's dream, adorned with handsome wood cabinetry and stainless steel appliances. Sleek granite countertops, accompanied by a complementary backsplash, grace the space, while an oversized center island, recessed lighting, garbage disposal, and pantry further enhance the kitchen's luxurious appeal. The great room provides an inviting atmosphere for entertainment or relaxation. Overlooking the backyard and deck, the dining room features a beautiful combo ceiling fan and light fixture. A half-bath on this level exudes sophistication with its lovely pedestal sink, light fixture, and upgraded floor tiles, while the mudroom boasts two additional pantries for added convenience. Ascending the staircase adorned with elegant railing and carpet leads to the second level, where you'll find a generous LOFT AREA. The Primary Suite is a spacious retreat, featuring ample windows, ceiling fan with a light fixture, recessed lights, and an oversized walk-in closet. The ensuite bath is equally impressive, boasting dual modern undermount vanities with upgraded cabinets and granite countertops, a large stall shower, picture window, and linen closet. Two additional bedrooms on this level offer plenty of natural light, walk-in closets, recessed lights, and ceiling fans. The hall bath continues the theme of luxury with its beautiful upgraded modern double vanity, granite counter, bathtub/shower combination, and upgraded floor and wall tiles. Additionally, the convenience of a laundry room with ample storage is found on this level. The two-car garage features an easy-to-maintain epoxy floor, additional storage, and an electric charger port. The finished English Basement impresses with additional storage and windows. Community amenities, including a clubhouse, gym, outdoor pool, playground, and exercise room, elevate the living experience. Ideally located within South Brunswickâs award-winning school district and close proximity to Park & Ride exit 8A, restaurants, shopping, and historic downtown Princeton, this home truly offers the ideal blend of luxury, convenience, and comfort. Garage Door Faces East.

Welcome to this beautiful, custom-built four-bedroom rancher, complete with two full bathrooms, nestled on a serene, tree-lined street in the charming Village of Monmouth Junction. Stepping through the front door, you are instantly greeted by the allure of gleaming hardwood floors that extend throughout the home. The spacious living room, complete with a cozy fireplace, offers the perfect setting for relaxing evenings. The dining room, featuring quaint built-in corner cabinets, seamlessly transitions into the well-equipped kitchen, making it perfect for hosting dinner parties. The property also includes a versatile den that can function as a fourth bedroom, providing additional space to accommodate your needs. But the charm of this home doesn't stop at the interior. The outside boasts an enchanting, fenced-in backyard with a spacious layout and an in-ground pool. This outdoor oasis is the ideal spot for entertaining guests or enjoying summer parties under the sun. Enjoy all of this beauty and elegance, located just minutes away from major highways, shopping centers, recreational facilities, and so much more. Don't wait, call now to schedule your showing appointment! This gem won't be on the market for long. Contact us today to learn more about this fantastic property.

Sitting on a sprawling 1.02-acre lot, this north facing home welcomes ample natural lights and comes with 6 bedrooms, 4.5 bathrooms, open kitchen, walkout basement and a 2-car garage. A chic chandelier leads to the grand open living room and the splendidly-presented dining area. Enjoy the cozy up by the fire in the family room, dinner parties in the formal dining room or indulge a movie night in the media room. A convenient in-law suite with a full bath graces the main level. The second floor features a spacious primary suite, complete with a spacious walk-in closet and a luxurious spa soaking bath. Three generously sized bedrooms are on second level and one bedroom is in the basement. Interiors are fully furnished with charming and warm decor and include 1 fireplaces. Upgrade features includes, roof, partial hardwood floor, front patio, paver block driveway, pillars in 2023, and AC conditioner, UV Light on water supply in 2021, and water heater in 2019. Top-rated Montgomery schools.

Modern & beautiful 3 bedroom, 3.5 bath townhome in Cambridge Crossing. Step inside to discover meticulously designed interiors with abundant natural light, high ceilings, upgraded and stylish finishes throughout this 2017 built home. The open floor plan seamlessly connects living, dining, and kitchen areas, creating a warm and inviting atmosphere for the family. Gourmet kitchen includes Granite countertops, upgraded back-splash, 5-burner gas range, newer Dishwasher, premium stainless-steel appliances and ample storage space with separate pantry and custom designed Mudroom area. Home has elegant upgrades in the master bathroom with a tub, premium fixtures, tiled showers and modern vanities. Apart from the bedrooms, Upper-level also has a loft area that's perfect for kids' play activities or office. The fully finished Basement with Walkout doors includes a full bath, paved patio. Full house water filter, humidifier are additional upgrades added to this home. Two car garage also includes electric charger for EVs and a custom-designed spacious attic that provides ample storage space for the household. Located in an excellent school district with Monmouth Junction Elementary school. This property offers a premium lot with easy access to shopping, restaurants and major highways. It's a convenient location for commuters, with easy access to NYC trains and buses. Overall, this is an exceptional property that offers both luxury and convenience and is a must see.

Welcome to this beautiful Yale model Townhome, situated in the highly desirable neighborhood of Princeton Gate in South Brunswick Township. Upon entering, you'll be greeted by a welcoming foyer, leading to a formal living room and an elegant formal dining room, creating a sense of charm and refinement. The family room is a true highlight, featuring impressive 2-story ceilings and a cozy fireplace, providing a warm and inviting space for gatherings and relaxation. The kitchen has custom cabinetry and a sunny breakfast area adds a delightful touch to your mornings. Completing the main level is a convenient powder room, catering to the practical needs of daily living. Moving to the second level, you'll find the primary bedroom, offering its private bath for a tranquil and rejuvenating retreat. Additionally, there is an additional room off the primary bed, which can serve as a bedroom or study, providing versatility to suit your needs. On the third level, two more bedrooms share a full bath, ensuring ample space for family members or guests. This townhome boasts several desirable upgrades, including newer carpeting. A sizable deck, offering a lovely outdoor area to relax and enjoy the fresh air. Additionally, the home features a beautifully finished basement, providing extra living space for various activities and entertainment. Located in a prestigious school district, this home offers access to blue-ribbon schools, and its prime location provides easy access to shopping, highways, and restaurants. Embrace a modern lifestyle with all the comforts and conveniences in the vibrant community of Princeton Gate. This townhome is a true gem that awaits its new owners

Welcome to your dream home in Whittingham, Monroe, NJ! This stunning end unit townhouse offers the epitome of luxury and comfort. Boasting the desirable Stafford floor plan, this residence spans over 1800 square feet, providing ample space for relaxation and entertainment. Upon entry, you'll be greeted by a spacious and inviting living room featuring a cozy fireplace, perfect for those chilly evenings. The vaulted ceilings add a touch of elegance and airiness to the space, creating an atmosphere of openness and warmth. The upgraded kitchen is a chef's delight, featuring sleek countertops and stainless steel appliances that elevate both style and functionality. Adjacent to the kitchen is a charming greenhouse-style dining area, where you can enjoy your meals surrounded by natural light and lush greenery. Step outside to your own private oasis - a fenced patio ideal for al fresco dining, gardening, or simply soaking up the sunshine. It's the perfect spot to unwind and enjoy the outdoors in complete privacy. This home is not only beautiful but also practical, with newer central air conditioning ensuring year-round comfort, and a brand new water heater providing peace of mind. As part of the prestigious Whittingham community, residents have access to an array of amenities including indoor and outdoor pools, a clubhouse, gym, golf course, and tennis courts. Whether you're looking to stay active or simply relax and unwind, there's something for everyone right at your fingertips. Don't miss out on the opportunity to make this exquisite townhouse your own. Schedule a viewing today and experience luxury living at its finest!

Nestled in the heart of a serene and lovely neighborhood, located in the desirable 55+ adult community The Villagio. Boasting three bedrooms, and two and a half bathrooms, with an array of impressive features, this home offers an exquisite blend of comfort, style, and convenience. Situated in a tranquil setting, the neighborhood is adorned with two large ponds, a clubhouse, and tennis and volleyball courts, providing a perfect backdrop for an active and serene lifestyle. Furthermore, the convenience of having all shopping amenities within walking distance adds to the allure of this sought-after location. As you approach the residence, a continuous landscape seamlessly flows from the back to the front of the house, adorned with an irrigation system to maintain the lush surroundings as well as a covered porch with a matching back paver patio. Upon entry, a spacious, two-story grand, foyer welcomes you, featuring upgraded lighting and a closet with shelves for added functionality. The main floor reveals an expansive office with hardwood flooring and picture molding, providing an ideal space for productivity. The great room, adorned with picture molding, boasts a gas fireplace with a custom mantel and granite surround, creating a cozy ambiance. The dining area exudes elegance with a tray ceiling and custom alcove shelves featuring built-in lighting. The adjacent breakfast area complements the stylish kitchen, equipped with upgraded cabinets, granite countertops, and stainless-steel appliances. A granite bar counter adds a touch of sophistication to this culinary space. The first-floor master bedroom is a sanctuary of luxury, featuring a tray ceiling, crown moldings, and a walk-in closet with shelves. The master bathroom offers a spa-like experience with a two-sink vanity, upgraded matching cabinets, granite countertops, a walk-in shower with frameless glass, and a jacuzzi tub. A linen closet adds to the convenience of the master suite. Ascending the wooden stairs to the second floor, a spacious loft with a balcony overlooking the great room. Two additional spacious bedrooms on the second-floor feature, offering comfortable retreats for family or guests. The second-floor bathroom is adorned with a bathtub, tile, matching cabinets, and granite countertops, ensuring both style and functionality. With hardwood throughout, recessed LED lights, and thoughtful details such as custom window shades on all windows, this residence epitomizes refined living. Additional features include a basement with high ceilings, wrapped-around insulation, and pre-roughed plumbing, a centralized security system with control panels in the laundry room and master bathroom adds an extra layer of safety to this already impressive abode. There is plenty of parking space with 2 2-car garage with garage door openers. Immerse yourself in the unparalleled charm and sophistication of this meticulously crafted home, where every detail has been carefully considered to elevate the living experience to new heights. Welcome to a residence that seamlessly combines comfort, style, and convenience in an idyllic active adult neighborhood setting. Villagio residents enjoy year-round access to a grand clubhouse with an outdoor pool, fitness center, gathering spaces, tennis courts, basketball court, golfing area, and bocce. The HOA fee covers lawn maintenance, snow removal, and use of the community amenities. Located close by to Princeton, many shopping centers, restaurants, and transportation to New York City. Showings start on 2/15/2024

East Facing Brick Front Colonial with a 1st floor bedroom & finished basement with a full bath in the highly sought after community of Pike Run! As you enter the 2 story foyer, the 2 story ceiling height continues seamlessly into the living room highlighted by a wall of palladium windows that invite the light in. The dining room flows smoothly from the living room & leads to the kitchen. Enjoy the updated eat-in kitchen with 9ft ceilings, stainless steel appliances, granite counters & new slider to the backyard. The family room features an abundance of natural light & a fireplace for cozy nights! A convenient office & powder room round out the first floor. Upstairs you will find hardwood floors & the primary suite with a renovated bath & two closets plus 3 additional bedrooms, full main bath & the laundry room on the second floor. The finished basement features a full bath & plenty of open space for work from home or simply relaxing. Furnace 2019, AC 2023, WH 2023, kitchen & baths 2018 updates give peace of mind. Come indulge yourself with the amenities of Pike Run with it's walking/jogging trails, clubhouse with gym, basketball & pool, plus tennis courts & playground. Highly sought after Montgomery Schools! Ideal location halfway between NYC & Philly! Montgomery features a new library, shopping & restaurants plus just minutes to the downtowns of Princeton/Hopewell/Somerville for even more!

Take a look at this gorgeous Colonial home located in the Pike Run community. This home features 4 beds 2.5 baths and a wood burning fire place. The open floor plan with raised ceilings and a two story foyer help create a bright and inviting space. The private backyard is perfect for entertaining. With so much to offer this home will not last long!

The minute you step inside, you'll notice a warm ambiance and immediately feel at home. Located in the vibrant 55+ community of Rossmoor, this beautiful 2 bedroom, 2 bath home is move in ready! The open kitchen and dining area is perfect for entertaining! Plenty of closets and storage space throughout the home. You will love the large bonus room, which can be easily customized to suit your lifestyle and preferences. Whether you dream of an entertainment area, home office, a vibrant hobby room, or a serene space for guests, the possibilities are endless! Adjacent to the dining area is the sunny Florida room, bathed in natural light. A plant lover's delight! This versatile space is ideal for enjoying your morning coffee, reading a good book, or just relaxing. The carport is located close to the home! Lots of amenities and activities: 18 hole golf course, fitness classes,pool,social clubs, and organized outings. There's always something exciting to explore and enjoy. Close to shopping and transportation to NYC! This is THE one!

Welcome Home to 2105 Pheasant Run, Monmouth Junction, NJ! This stunning, northeast facing home is nestled in the heart of South Brunswick. It is a beautiful home featuring sleek features and every detail has been meticulously chosen to create a space that's both, elegant and functional. It is close to Route 1, not too far from entrance to turnpike, near shopping centers, schools etc. Don't miss your chance to own this impeccable home! Schedule a showing today and prepare to be dazzled by all that 2105 Pheasant Run has to offer. Your dream home awaits!

Welcome to your serene sanctuary in the heart of Concordia, Monroe Township! This exquisite first floor 2-bedroom, 2-bathroom condo offers a meticulously designed interior. The custom kitchen island is perfect for entertaining or enjoying casual meals. A full laundry room with utility sink leads to the attached garage adds convenience to daily chores. A bonus room serves as a den, ideal for unwinding or working from home. Step outside to your huge patio outdoor space, perfect for relaxing summer meals or morning coffee. Experience the vibrant community and nearby amenities of the 55+ Concordia community. Don't miss the chance to call this modern haven your own! Schedule a viewing today.

Townes at West Windsor is a new townhome community in West Windsor Township in Mercer County, New Jersey. Select from one of our five townhome designs with select homes featuring a first floor Primary Suite. Enjoy up to 2,744 sq.ft. of living space with 3 bedrooms and 2.5 baths. Each home is offered in one of our new interior design Looks, Classic, Farmhouse, Loft or Elements for on-trend style in your new home. The Beneteau offers: Open-concept floorplan perfect for entertaining Primary suite with spa bath and large walk-in closet Spacious loft, a great gathering place for family and friends Laundry room conveniently located on second floor Base pricing of unit includes home price and lot premium

Townes at West Windsor is a new townhome community in West Windsor Township in Mercer County, New Jersey. Select from one of our five townhome designs with select homes featuring a first floor Primary Suite. Enjoy 2044 sq.ft. of living space with 3 bedrooms and 2.5 baths. Each home is offered in one of our new interior design Looks, Classic, Farmhouse, Loft or Elements for on-trend style in your new home. The Cape Dory offers: Kitchen with spacious island perfect for preparing meals Great room ideal for entertaining family and friends Luxurious primary suite with ample closet space Double sinks in primary spa bath making your morning routine seamless Versatile loft space Base pricing of unit includes home price and lot premium