Address
601 Prospect Avenue, Princeton, NJ
Price
$ 12,000,000
Property Attributes
- MLS#1005948591
- TypeContingent
- CountyMERCER
- CityPrinceton
- AreaPrinceton
- NeighborhoodRiverside
- Zip08540
- StyleOffice
- Taxes$ 75120
- Price$ 12,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size18.47 Acres
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.
| Price History | |
|---|---|
| 2/2/2023 | Listed $12,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Water Available,Natural Gas Available,Electric Available |
| Possession | Negotiable |
| Zoning | R-5 |
| View | Water,Lake,Scenic Vista,Trees/Woods,Pasture |
| Topography | Beautiful meadows and copses of woods sloping gently to Carnegie Lake |
| Property SubType | Land |
| Tax Year | 2017 |
| Current Use | Office,Other |
| Percent Ownership | Fee Simple |
| Contingency Type | Document Review,Zoning Approval,Feasibility Study |
| Additional Parcels Description | 18.47 acres is divided into 3 parcels which are being sold as one property. |
| County | MERCER |
| Property Type | Land |
| HOA / Comm Assn | No |
| Subdivision Name | RIVERSIDE |
| Possible Use | Residential |
| Water Access Y/N | Yes |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Nassau Street to Princeton Kingston Road to second Riverside Drive to corner of Prospect Ave and Riverside Dr |
| ModificationTimestamp | 2024-04-17T13:39:02 |
| City | PRINCETON |
| Buyer Agent Compensation | 2 |
| Body of Water | Carnegie Lake |
| Disclosures | Prop Disclosure |
| Zoning Description | Subject To Zoning |
| MLS Area | Princeton (21114) |
| Lot Size Square Feet | 804553.00 |
| Tax Assessed Value | 6287100.0 |
| Waterfront Y/N | Yes |
| Street Name | PROSPECT |
| Tax Annual Amount | 75120.0 |
| Condo/Coop Association Y/N | No |
| Price Per Sq Ft | 14.92 |
| Additional Parcels Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 365 |
| Location Type | Lake |
| Standard Status | Active Under Contract |
| Tax Lot | 00002-00004 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Street Suffix | AVENUE |
|---|
Exterior Features
| Lot Features | Subdivision Possible,Corner,Partly Wooded,Road Frontage,Premium |
|---|---|
| Water Source | Public |
| Water View Y/N | Yes |
| Lot Dimensions | 18.47 ACRES,LotWidth:1400 |
| Lot Size Acres | 18.47 |
| Road Surface Type | Paved |
| Road Frontage Length | 1400 |
| Water Body Type | Lake |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Topography Description | Beautiful meadows and copses of woods sloping gently to Carnegie Lake |
| Road Responsibility | Boro/Township |
| Navigable Water Y/N | Yes |
| Water Oriented Y/N | Yes |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 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
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