601 PROSPECT AVE $12,000,000

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    601 PROSPECT AVE PRINCETON, NJ 08540

    • 18.47 Acres
    • Land
    MLS# 1005948591 | ACTIVE UNDER CONTRACT
    Days On Market: 437 92 Views
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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
      • Sale Type Standard
      • Tax Annual Amount 75120.0
      • Tax Year 2017
      • Utilities Water Available,Natural Gas Available,Electric Available
      • View Water, Scenic Vista, Trees/Woods, Pasture
      • 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
      • Zoning Dscrp Subject To Zoning
    • Building Features
      • Current Use Office, Other
      • Garage Y/N N
      • Sewer Septic Public Sewer
    • Room Features
      • Room Master Bedroom
      • Level Unspecified
    • Property Features
      • Lot Features Subdivision Possible, Corner, Partly Wooded, Premium
      • Lot Size Acres 18.47
      • Lot Size Dimensions 18.47 ACRES, LotWidth:1400
    • Schools
      • School District PRINCETON REGIONAL SCHOOLS

    Contact

    Paul Myers

    Manager

    AB067189

    Coldwell Banker Heritage Quakertown

    Direct: 267-614-3705

    Neighborhood

    08540 (PRINCETON) Demographics

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

    Market Last 30 Days

    $626,500 Median Sales Price
    52 Homes Sold
    72 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 12:29:15 PM Status Changed Source New Value: ACTIVE UNDER CONTRACT
        8/4/2018 9:42:00 AM New in Database Source

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