601 Prospect Avenue

    PRINCETON, NJ 08540
    • $12,000,000
    • STATUS: Active Under Contract
    • ON SITE: 333 days
    • ID#: 1005948467
    Under Contract
    $12,000,000
    • 2
      BEDS
    • 18.47
      ACRES
    • 3
      BATHS
    • 2
      1/2 BATHS
    • 10,000
      SQFT
    • $1,200
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1914
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    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.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-08-18T23:51:30.763.
    www.marylandrealestatesearch.com/homes/87656636

    601 Prospect Avenue PRINCETON, NJ 08540

    • Price: $12,000,000
    • Status: Active Under Contract
    • ID#: 1005948467
    2
    Beds
    3
    Baths
    2
    ½ Baths
    18.47
    Acres
    10,000
    SQFT
    $1,200
    $/SQFT
    1914
    Built
    Neighborhood:
    Riverside
    County:
    Mercer
    Area:
    Princeton (21114)
    Elementary School:
    Riverside
    Middle School:
    J Witherspoon
    High School:
    Princeton
    School District:
    Princeton Regional Schools
    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.
    Exterior Features

    Architectural Style Traditional Construction Materials StoneOther Garage YN No Location Type Lake Lot Features OpenTrees/WoodedSubdivision Possible Other Structures Above Grade Parking Types Parking Lot Patio And Porch Features Patio(S) Pool No Pool Property Condition As-Is Condition Roof Pitched Sign On Property YN N Water Access YN Yes Water Body Name Carnegie Lake Water Body Type Lake Water Oriented YN Yes Waterfront YN Yes

    Interior Features

    Above Grade Fin SQFT 10000 Basement Full Basement YN Yes Cooling Central A/CWall Unit Fireplace Features Non-Functioning Fireplace YN Yes Fireplaces Total 1 Flooring Tile/Brick Heating Radiator Heating YN Yes Interior Features Kitchen - Eat-In Laundry Type Basement Levels 3+ Main Level Bedrooms 0 Room List Living RoomMaster BedroomKitchenOtherAttic Rooms Total 18 Upper Level1 Bedrooms 1 Walls Ceilings 9'+ Ceilings

    Property Features

    Accessibility Features None Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Riverside Dr Entry Location Foyer Frontage Length 700 Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN Y New Construction YN No Original MLSNumber 121540655766:TREND Ownership Interest Other Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 75120.0 Tax Assessment Amount 6287100.0 Tax Lot 00002-00004 Vacation Rental YN No Water Source Public Zoning R-5

    Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-08-18T23:51:30.763.
     
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