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601 Prospect Avenue Princeton, NJ 08540

2bd. 3fb. 2pb. Single Family Residence $12,000,000

  
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.

  • Details
  • Market Stats
  • Schools
  • Recent Sales

General Information for 601 Prospect Avenue Princeton, NJ 08540

Subdivision Riverside
County Mercer
Style Traditional
Status Under Contract
Listing Number 1005948467 (BrightMLS)

Rooms Information for 601 Prospect Avenue Princeton, NJ 08540

Rooms Living Room
Master Bedroom
Kitchen
Other
Attic
Laundry Basement

Interior Information for 601 Prospect Avenue Princeton, NJ 08540

Basement Full
Interior Features Kitchen - Eat-In
Heating Radiator
Cooling Central A/C
Wall Unit
Fireplace 1
Handicapped None

Exterior Information for 601 Prospect Avenue Princeton, NJ 08540

Lot Size 18.47 acres
Lot Description Open
Trees/Wooded
Subdivision Possible
Construction Stone
Other
Parking Parking Lot
Lot Open
Trees/Wooded
Subdivision Possible
Water Public
Sewer Public Sewer

Neighborhood Information for 601 Prospect Avenue Princeton, NJ 08540

Schools information for 601 Prospect Avenue Princeton, NJ 08540

School District PRINCETON REGIONAL SCHOOLS
Elementary RIVERSIDE
Middle J WITHERSPOON
High PRINCETON
General Area Public, Private School and College Information

Miscellaneous Information for 601 Prospect Avenue Princeton, NJ 08540

Year Built 1914
Association Fee 0
Taxes $75,120 /Yr

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Listing provided courtesy of barbara j blackwell callaway henderson sotheby's int'l-princeton

Market Snapshot as of August 18, 2019 (Last 30 days)

Condo  
Units 4,247
Avg Price $394,110
Avg Days Listed 81
Total New Listings 22
House  
Units 29,859
Avg Price $548,645
Avg Days Listed 87
Total New Listings 45
Multi-Family  
Units 1,221
Avg Price $476,866
Avg Days Listed 112
Total New Listings 0

Average Price by Property Type
Units by Property Type
Average Days on Market by Property Type

Recent Home Sales in 08540

For a more detailed market analyis Lisa Raimondo can provide you with a full report.

Address Closing Date List Price Closing Price % of List Price
11 Ragany Lane
Princeton, NJ 08540
08/16/2019 $759,000 $740,000 97%
57 Jefferson Road
Princeton, NJ 08540
08/16/2019 $950,000 $930,000 98%
117 Leabrook Lane
Princeton, NJ 08540
08/16/2019 $1,100,000 $1,070,000 97%
268 Mount Lucas Road
Princeton, NJ 08540
08/16/2019 $969,500 $908,000 94%
5 Hedge Row Road
Princeton, NJ 08540
08/16/2019 $512,000 $500,000 98%
419 Ewing Street
Princeton, NJ 08540
08/16/2019 $699,000 $697,000 100%
41 Coriander Drive
Princeton, NJ 08540
08/15/2019 $495,000 $490,000 99%
101 Marten Road
Princeton, NJ 08540
08/15/2019 $352,000 $355,000 101%
41 Gulick Road
Princeton, NJ 08540
08/15/2019 $875,000 $875,000 100%
25 Howe Circle
Princeton, NJ 08540
08/14/2019 $1,895,000 $1,895,000 100%
6 Burr Drive
Princeton, NJ 08540
08/13/2019 $720,000 $720,000 100%
871 Mount Lucas Road
Princeton, NJ 08540
08/13/2019 $469,900 $478,900 102%
22 Governors
Princeton, NJ 08540
08/12/2019 $725,000 $695,000 96%
53 Hun Road
Princeton, NJ 08540
08/12/2019 $2,795,000 $2,595,000 93%
302 Jefferson Road
Princeton, NJ 08540
08/09/2019 $1,588,000 $1,510,000 95%
40 Bayberry Road
Princeton, NJ 08540
08/09/2019 $925,000 $890,000 96%
28 Cameron Ct
Princeton, NJ 08540
08/09/2019 $660,000 $657,000 100%
508 Mount Lucas Road
Princeton, NJ 08540
08/09/2019 $1,347,000 $1,300,000 97%
240 Arreton Road
Princeton, NJ 08540
08/09/2019 $1,399,999 $1,335,000 95%
12 York Drive
Princeton, NJ 08540
08/08/2019 $618,800 $618,800 100%
9 Fairway Drive
Princeton, NJ 08540
08/06/2019 $1,165,000 $1,125,000 97%
215 Varsity Avenue
Princeton, NJ 08540
08/05/2019 $450,000 $445,000 99%
4 Queenston Place
Princeton, NJ 08540
08/05/2019 $1,390,000 $1,200,000 86%
75 Cleveland Lane
Princeton, NJ 08540
08/05/2019 $3,750,000 $3,000,000 80%
144 Guyot Avenue
Princeton, NJ 08540
08/02/2019 $1,649,000 $1,518,000 92%

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Listing: 3 of 200 (Limit Exceeded)

601 Prospect Avenue Princeton, NJ 08540 is a Single Family Residence home with 2 bedrooms and 3 baths. Its interior features include Kitchen - Eat-In.


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