Address
601 Prospect Avenue, Princeton, NJ
Price
$ 12,000,000
Property Attributes
- MLS#1005948467
- TypeContingent
- CountyMERCER
- CityPrinceton
- AreaPrinceton
- NeighborhoodRiverside
- Zip08540
- StyleTraditional
- Year Built1914
- Taxes$ 75120
- Price$ 12,000,000
- Bedrooms2
- Full Bathrooms3
- Half Bathrooms2
- Sqr Footage10000
Data Source:
Bright MLS
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Riverside Elementary School | J Witherspoon Middle School | Princeton High School |
| Price History | |
|---|---|
| 2/2/2023 | Listed $12,000,000 |
General Features
| Interior Features | Kitchen - Eat-In |
|---|---|
| Sewer | Public Sewer |
| Heating | Radiator |
| Cooling | Central A/C,Wall Unit |
| Possession | Negotiable |
| Roof | Pitched |
| Zoning | R-5 |
| Pool Y/N | No Pool |
| Patio/Porch Features | Patio(s) |
| Architectural Style | Traditional |
| Construction Materials | Stone,Other |
| Year Built | 1914 |
| Levels | 3 |
| Tax Year | 2017 |
| Percent Ownership | Other |
| Cool Fuel | Electric |
| Contingency Type | Feasibility Study,Zoning Approval,Document Review |
| Accessibility | None |
| County | MERCER |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | RIVERSIDE |
| Garage Y/N | No |
| Water Access Y/N | Yes |
| Other Structures | Above Grade |
| Total Rooms | 18 |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Nassau St to Princeton-Kingston Road to second Riverside Drive to corner of Prospect Avenue and Riverside Drive |
| ModificationTimestamp | 2024-04-17T13:39:25 |
| City | PRINCETON |
| Buyer Agent Compensation | 2 |
| Body of Water | Carnegie Lake |
| Disclosures | Prop Disclosure |
| Entry Location | Foyer |
| Senior Community Y/N | No |
| MLS Area | Princeton (21114) |
| Tax Assessed Value | 6287100.0 |
| Waterfront Y/N | Yes |
| Street Name | PROSPECT |
| Tax Annual Amount | 75120.0 |
| Structure Type | Detached |
| Condo/Coop Association Y/N | No |
| Bathrooms Count Main Level | 1.00 |
| Price Per Sq Ft | 1200.0 |
| Vacation Rental Y/N | No |
| Total SQFT | 10000 |
| Days on Market | 365 |
| Location Type | Lake |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Tax Lot | 00002-00004 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full |
| Flooring | Tile/Brick |
| Total Fireplaces | 1 |
| Fireplace Features | Non-Functioning |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 10000 |
| Full Baths | 3 |
| Half Baths | 2 |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| Total Bedrooms | 2 |
| Room Type | Living Room,Primary Bedroom,Kitchen,Other,Attic |
| LivingAreaSource | Estimated |
| Laundry Type | Basement |
| Bedrooms Count All Upper Levels | 2 |
| Bedrooms Count Upper Level 1 | 1 |
| Bedrooms Count Upper Level 2 | 1 |
| Bathrooms Half Main Level | 1 |
| Bathrooms Half Lower Level 1 | 1 |
| Bathrooms Half All Lower Levels | 1 |
| Bathrooms Full Upper Level 2 | 1 |
| Bathrooms Full Upper Level 1 | 2 |
| Bathrooms Full All Upper Levels | 3 |
| Bathrooms Count Upper Level 2 | 1.00 |
| Bathrooms Count Upper Level 1 | 2.00 |
| Bathrooms Count Lower Level 1 | 1.00 |
| Bathrooms Count All Upper Levels | 3 |
| Bathrooms Count All Lower Levels | 1 |
| Above Grade Finished Area Source | Estimated |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 5 |
Exterior Features
| Lot Features | Open,Trees/Wooded,Subdivision Possible |
|---|---|
| Water Source | Public |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Lot Dimensions | 18.47 ACRES |
| Water Body Type | Lake |
| Navigable Water Y/N | Yes |
| Water Oriented Y/N | Yes |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Attic | Unspecified | Attic - Walk-Up | ||
| Kitchen | 12 X 19 | Lower 1 | Kitchen - Gas Cooking | |
| Living Room | 20 X 28 | Main | ||
| Other | 20 X 50 | Main | MEETING | |
| Primary Bedroom | Unspecified |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 08540
Price
Taxes
Visits
Year Built
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