601 PROSPECT AVE $12,000,000

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    601 PROSPECT AVE PRINCETON, NJ 08540

    ACTIVE UNDER CONTRACT

    $12,000,000

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    • 2 Beds
    • 5 Baths
    • 10,000 sq.ft.
    • Single-Family
    • MLS# 1005948467
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    Views: 525 Days On Market: 542

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    Property Details

    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.

    • General Features
      • Condo Coop Association Y/N N
      • County MERCER
      • HOA Y/N N
      • New Construction Y/N N
      • Pool No Pool
      • Sale Type Standard
      • Senior Community Y/N N
      • Tax Annual Amount 75120.0
      • Tax Year 2017
      • Water Access Y/N Y
      • Water Body Name Carnegie Lake
      • Water Body Type Lake
      • Water Frontage Length 700
      • Waterfront Y/N Y
      • Year Built 1914
      • Zoning R-5
    • Building Features
      • Basement Type Full
      • Cooling Fuel Electric
      • Cooling Type Central A/C, Wall Unit
      • Entry Location Foyer
      • Fireplace Features Non-Functioning
      • Fireplaces Count 1
      • Flooring Type Tile/Brick
      • Garage Y/N N
      • Heating Fuel Natural Gas
      • Heating Type Radiator
      • Interior Features Kitchen - Eat-In
      • Roof Pitched
      • Sewer Septic Public Sewer
      • Style Traditional
      • Total Living Area 10000
    • Room Features
      • Room Living Room
      • Level Main
      • Length 20
      • Width 28
      • Room Other
      • Level Main
      • Length 20
      • Width 50
      • Room Kitchen
      • Level Lower 1
      • Length 12
      • Width 19
      • Room Attic
      • Level Unspecified
      • Room Master Bedroom
      • Level Unspecified
      • Bathrooms Half Main Level 1
      • Bathrooms Count Main Level 1.00
      • Bathrooms 5
      • Bedrooms 2
      • Bedrooms Count Main Level 0
      • Full Bathrooms 3
      • Bathrooms Full Main Level 0
      • Half Bathrooms 2
    • Property Features
      • Lot Features Open, Trees/Wooded, Subdivision Possible
      • Lot Size Acres 18.47
      • Lot Size Dimensions 18.47 ACRES
      • Outdoor Living Structures Patio(s)
    • Schools
      • Elementary School RIVERSIDE
      • High School PRINCETON
      • Middle Or Junior School J WITHERSPOON
      • School District PRINCETON REGIONAL SCHOOLS

    Contact

    Paul Myers

    Manager

    AB067189

    Coldwell Banker Heritage Quakertown

    Direct: 267-614-3705

    Neighborhood

    08540 (PRINCETON) Demographics

    39 Median Age
    931 Population Density (per sq. mile)
    82% College Educated
    $124,954 Estimated Median Income
    11,620 Estimated Total Home Owners
    5,821 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    48,341 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $605,000 Median Sales Price
    23 Homes Sold
    42 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $12,000,000
        7/31/2019 12:26:29 PM Status Changed Source New Value: ACTIVE UNDER CONTRACT
        8/4/2018 8:41:00 AM New in Database Source

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