Under Contract

ACTIVE UNDER CONTRACT

601 Prospect Ave

Princeton NJ, 08540

$12,000,000


$1,200.00 per sqft

Under Contract

ACTIVE UNDER CONTRACT

2 Beds

5 Baths

10,000 sqft

Residential

Built in 1914

This is one of Princeton's most beautiful remaining tracts of land offering spectacular views of and access to Lake Carnegie in the coveted Riverside section. Originally a private residence, this gracious stone-sheathed manor home was built in 1914. When the non-profit research firm, Textile Research Institute, sought expansion and closer collaboration with universities after World War II, it purchased this estate in Princeton, a town which was attracting many new research and development companies. TRI-Princeton preserved the stately residence creating within its walls meeting rooms and offices, and the institution has remained a responsible caretaker for this beautiful estate for the past 70 years. The estate's land, originally including more acreage, now encompasses 18.47 acres featuring groves of specimen trees, broad expansive lawns, and a gentle slope to Lake Carnegie. The property is zoned R-5, which allows for the creation of 1/2 acre lots and is easily accessible with broad frontage on both Riverside Drive and Prospect Avenue. The stone manor house can be re-purposed once again or removed depending on the vision of the purchaser. The possibilities are limitless.

1005948467

MLS ID

August 1, 2018

Listed

May 31, 2024

Updated

Map

601 Prospect Ave
Princeton NJ, 08540

Interior Features

Total Stories

3


Bedrooms

2


Total Bathrooms

5


Full Bathrooms

3


Half Bathrooms

2


Interior Features

Eat-in Kitchen


Laundry Description

In Basement


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Features

Wooded, Waterfront


Architectual Style

Traditional


Sewer

Public Sewer

School Information

School District

PRINCETON REGIONAL SCHOOLS


High School

PRINCETON


Elementary School

RIVERSIDE

Other Property Details

Area Name

PRINCETON


Taxes

$75,120


Tax Frequency

Annually


Days on Market

365


Garage

No


View

No


County

MERCER


Water Source

Public


Pool

No


Waterfront

Yes


Buyer Agency Compensation

2%

Listed by Barbara J Blackwell, with Callaway Henderson Sotheby's Int'l-Princeton
Listing Contact: 6099155000 

The IDX display contains information sourced from the Bright MLS, Inc. as of 5/31/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/31/2024 at 3:26 PM UTC

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