601 PROSPECT AVE $12,000,000

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    601 PROSPECT AVE PRINCETON, NJ 08540

    • 18.47 Acres
    • Land
    MLS# 1005948591 | ACTIVE

    $12,000,000

    Market Estimate
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    Days On Market: 129 3 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
      • Tax Annual Amount 75120.0
      • Tax Year 2017
      • Utilities Water Available,Natural Gas Available,Electric Available
      • View Water
      • 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
      • Sewer Septic Public Sewer
    • Property Features
      • Lot Features Subdivision Possible, Corner
      • Lot Size Acres 18.47
      • Lot Size Dimensions 18.47 ACRES, LotWidth:1400
    • Schools
      • School District PRINCETON REGIONAL SCHOOLS

    Contact

    Customer Care

    Sales Associate

    BHHS Fox and Roach Corporate Office

    Mobile Phone: 866-486-5636

    Neighborhood

    Market Last 30 Days

    $500,000 Median Sales Price
    44 Homes Sold
    24 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
        8/4/2018 9:42:00 AM New in Database Source

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