601 PROSPECT AVE $12,000,000

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    601 PROSPECT AVE PRINCETON, NJ 08540

    ACTIVE UNDER CONTRACT
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    • 2 Beds
    • 5 Baths
    • 10,000 sq. ft.
    • Single-Family
    • MLS# 1005948467
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    Views: 1184 Days On Market: 670

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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 75120.00
      • Tax Year 2017
      • Water Access Y/N Y
      • Water Body Name Carnegie Lake
      • Water Body Type Lake
      • Waterfront Y/N Y
      • Year Built 1914
      • Zoning 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 Lower1
      • 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
      • Outdoor Living Structures Patio(s)
    • Schools
      • Elementary School RIVERSIDE
      • High School PRINCETON
      • Middle Or Junior School J WITHERSPOON
      • School District PRINCETON REGIONAL SCHOOLS

    Contact

    Sally Hammer

    Sally Hammer

    5 STAR REALTOR 2009-PRESENT

    PA & NJ

    BHHS Fox & Roach Newtown Home Marketing

    Primary: 215-595-3933
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    Neighborhood

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    45 Homes Sold
    89 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $12,000,000
        8/4/2018 8:41:00 AM New in Database Source

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        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2020 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.