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601 Prospect Avenue

PRINCETON, NJ 08540
  • $12,000,000
  • STATUS: Active Under Contract
  • ON SITE: 1003 days
  • ID#: 1005948467
Under Contract
UPDATED: 65 min ago
$12,000,000
  • 2
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 2
    1/2 BATHS
  • 10,000
    SQFT
  • $1,200
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1914
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-19T09:53:29.347.
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601 Prospect Avenue PRINCETON, NJ 08540

  • Price: $12,000,000
  • Status: Active Under Contract
  • Updated: 65 min ago
  • ID#: 1005948467
2
Beds
3
Baths
2
½ Baths
N/A
Acres
10,000
SQFT
$1,200
$/SQFT
1914
Built
Neighborhood:
Riverside
County:
Mercer
Area:
Princeton (21114)
Elementary School:
Riverside
Middle School:
J Witherspoon
High School:
Princeton
School District:
Princeton Regional Schools
Property Description
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.
Exterior Features

Architectural Style Traditional Construction Materials StoneOther Garage YN No Location Type Lake Lot Features OpenTrees/WoodedSubdivision Possible Other Structures Above Grade Parking Types Parking Lot Patio And Porch Features Patio(S) Pool No Pool Roof Pitched Sign On Property YN N Water Access YN Yes Water Body Name Carnegie Lake Water Body Type Lake Water Oriented YN Yes Water View YN No Waterfront YN Yes

Interior Features

Above Grade Fin SQFT 10000 Basement Full Basement YN Yes Cooling Central A/CWall Unit Fireplace Features Non-Functioning Fireplace YN Yes Fireplaces Total 1 Flooring Tile/Brick Heating Radiator Heating YN Yes Interior Features Kitchen - Eat-In Laundry Type Basement Levels 3 Main Level Bedrooms 0 Room List Living RoomPrimary BedroomKitchenOtherAttic Rooms Total 18 Upper Level1 Bedrooms 1 Walls Ceilings 9'+ Ceilings

Property Features

Accessibility Features None Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Riverside Dr Entry Location Foyer Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Princeton Navigable Water YN Y New Construction YN No Original MLSNumber 121540655766:TREND Ownership Interest Other Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 75120.00 Tax Assessment Amount 6287100.00 Tax Lot 00002-00004 Vacation Rental YN No Water Source Public Zoning R-5

Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-19T09:53:29.347.
 
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