240 LIBRARY PLACE, PRINCETON, NJ 08540 | MLS #NJME2040542 | Berkshire Hathaway HomeServices Fox & Roach
 
Listing provided courtesy of Corcoran Sawyer Smith - MLS# NJME2040542MLS Provider

240 LIBRARY PLACEPRINCETON, NJ 08540

Single Family · 7 Beds · 7 Full Baths · 1 Partial Bath · 7,230 Sq. ft. | 1.05 Acres

$3,975,000 ACTIVE

Overview

Time on Site:
33 days
Visits:
11

Welcome to 240 Library Place, an extraordinary home in the heart of Princeton. Built in 1840, this gem offers a prime location near the vibrant heart of town. Recently refrehsed for spring, this masterpiece allows you to embrace Princeton's rich legacy as either a primary residence or a Princeton getaway near the renowned Princeton University . This home's historical significance goes beyond its architectural beauty. Owned by Princeton graduates throughout the years and once serving as a house for professors, it holds a place in Princeton's rich heritage. Scholars and intellectuals have traversed its halls, adding to its allure. Inside, discover exceptional features and amenities that set this home apart. The Center Hall Colonial with its expansive ceilings exudes grandeur. Original wood floors from the 1800s lend timeless elegance. Custom millwork and six fireplaces showcase exquisite craftsmanship. Modern upgrades include heated floors and roof, multi-zone heating and cooling, a pool, spa, and wine room. Lalique crystal accents and cedar-lined closets add opulence. The library, with hand-carved cherry wood, pays homage to Princeton's academic excellence. The sunroom boasts Italian marble and a Grover Cleveland mantle, offering a serene space to unwind. The living room, or Billiard Room, is great for entertaining. The dining room sets the stage for unforgettable meals and the kitchen boasts beautiful granite countertops and features a Butler's Pantry for culinary enthusiasts. The primary bedroom offers a dressing area, enclosed glass terrace sitting area, and a walk-in closet. Six other ample-sized bedrooms provide versatility, including in-home office suites. The basement features multi-purpose areas for recreation, a laundry area, storage, and a fun DIY bar. Outside, the exquisite English gardens were designed with entertainment in mind. Host grand soirees with space for outdoor tents. The heated pool and spa invite relaxation. The two-story pool house is an architectural marvel, with a Lalique fish tank, limestone floors, fireplace, and a fully equipped kitchen. The second floor of the pool house has a large space for a gym, home office or media room. Hand-hewn maple paneling and a birds-eye maple ceiling add refinement. Immerse yourself in Princeton's rich history and cultural scene. Enjoy the community's charm and nearby amenities. 240 Library Place seamlessly blends past and present, making it truly exceptional. Don't miss this chance to own a piece of Princeton's history while creating a lifetime of memories in this timeless masterpiece.

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08402

Facts & Features

  • Type Single Family
  • Sq. ft. 7,230
  • Price/Sq.ft. $549
  • Lot 1.05 Acres

General

Association/HOA
  • Association: No
  • Condo/Coop Association: No
School Information
  • Middle Or Junior School: JOHN WITHERSPOON M.S.
  • High School: PRINCETON H.S.
Listing Information
  • Dual Variable Compensation: No
  • Real Estate Owned: No
  • Short Sale: No
  • Transaction Broker Compensation: 0
  • Transaction Broker Compensation Type: % Of Gross
Building Information
  • New Construction: No
  • Pool: Yes - Personal
  • Total SQFT: 8519
  • Year Built: 1840
Location/Region
  • Country: US
  • County: MERCER
  • County Or Parish: MERCER
  • MLS Area Major: Princeton (21114)
  • Subdivision Name: WESTERN
Parking Information
  • Total Parking Spaces: 12
  • Type of Parking: Driveway,Attached Garage
Rent/Lease Information
  • Lease Considered: No
Tax Information
  • Tax Annual Amount: $79,796.00
  • Tax Assessed Value: 3174100.00
  • Tax Year: 2023
General Information
  • Exclusions: See Listing Agent
  • Inclusions: See Listing Agent (much of the home furnishings can be included in the sale)
  • Property Type: Residential
  • School District Name: PRINCETON REGIONAL SCHOOLS
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2023
  • Zoning: R1

Interior

Building Information
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
Parking Information
  • Garage Features: Inside Access
  • Garage Spaces: 4.00
  • Garage: Yes
Beds/Baths
  • Bathrooms Full: 7
  • Bathrooms Half: 1
  • Bathrooms Half Main Level: 1
  • Bathrooms Total: 8
  • Bedrooms Total: 7
Building Exterior/Construction
  • Structure Type: Detached
  • Wall & Ceiling Types: 9'+ Ceilings,Vaulted Ceilings,Wood Ceilings
Building Interior
  • Above Grade Finished Area: 7230
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Natural Gas
  • Laundry Type: Basement
General Information
  • Accessibility Features: None
  • Appliances: Cooktop, Oven - Wall, Oven - Double, Oven - Self Cleaning, Dishwasher, Refrigerator, Dryer, Extra Refrigerator/Freezer, Stainless Steel Appliances, Washer
  • Cooling: Central A/C
  • Electric: 200+ Amp Service
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Flooring: Wood, Heated, Hardwood, Carpet, Ceramic Tile, Tile/Brick
  • Foundation Details: Stone
  • Interior Features: Primary Bath(s), Butlers Pantry, Skylight(s), Sauna, Air Filter System, Wet/Dry Bar, Stall Shower, Dining Area, Breakfast Area, Cedar Closet(s), Crown Moldings, Curved Staircase, Formal/Separate Dining Room, Pantry, Recessed Lighting, Soaking Tub, Tub Shower, Upgraded Countertops, Walk-in Closet(s), Window Treatments, Wine Storage, Wood Floors
  • Levels: 4
  • Living Area: 7230
  • Living Area Source: Assessor
  • Main Level Bathrooms: 1.00
  • Rooms Total: 17
  • Security Features: Security System
  • Spa: Yes
Room Information
  • Room List: Living Room,Dining Room,Primary Bedroom,Sitting Room,Bedroom 2,Bedroom 3,Bedroom 4,Bedroom 5,Kitchen,Basement,Library,Breakfast Room,Bedroom 1,Sun/Florida Room,Laundry,Other,Office,Recreation Room,Storage Room,Bedroom 6,Bonus Room,Primary Bathroom,Full Bath,Half Bath

Exterior

Parking Information
  • Parking Features: Gravel Driveway
Lot Information
  • Lot Dimensions Source: Assessor
  • Lot Features: Corner, Level, Front Yard, Rear Yard, SideYard(s)
  • Lot Size Acres: 1.05
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 45738.00
  • Lot Size Units: Square Feet
  • Water Source: Public
Waterfront/View
  • Water Oriented: No
  • Water View: No
  • Waterfront: No
Building Exterior/Construction
  • Architectural Style: Colonial
  • Construction Materials: Stucco
  • Patio And Porch Features: Patio(s), Balcony
  • Roof: Metal, Slate
General Information
  • Exterior Features: Hot Tub, Lawn Sprinkler
  • Fencing: Other
  • Horse: No
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Room Information

Room: Basement
  • Level: Lower 1
  • Lengthe: 46
  • Width: 35
  • Features: Cedar Lined Closet,Built-Ins
Room: Full Bath
  • Level: Lower 1
  • Lengthe: 7
  • Width: 9
Room: Full Bath
  • Level: Lower 1
  • Lengthe: 8
  • Width: 9
Room: Recreation Room
  • Level: Lower 1
  • Lengthe: 24
  • Width: 18
  • Features: Built-Ins,Countertop(s) - Granite,Skylight(s),Fireplace - Other
Room: Laundry
  • Level: Lower 2
  • Lengthe: 20
  • Width: 22
Room: Storage Room
  • Level: Lower 2
  • Lengthe: 20
  • Width: 12
Room: Breakfast Room
  • Level: Main
  • Lengthe: 20
  • Width: 10
Room: Dining Room
  • Level: Main
  • Dimensions: 21 X 13
  • Lengthe: 21
  • Width: 14
  • Features: Crown Molding,Flooring - HardWood
Room: Half Bath
  • Level: Main
  • Lengthe: 4
  • Width: 8
Room: Kitchen
  • Level: Main
  • Dimensions: 21 X 23
  • Lengthe: 20
  • Width: 12
  • Features: Kitchen - Gas Cooking,Island,Double Sink,Built-Ins,Countertop(s) - Granite,Kitchen - Eat-in
Room: Library
  • Level: Main
  • Lengthe: 18
  • Width: 23
  • Features: Flooring - HardWood,Window Treatments,Fireplace - Wood Burning,Built-Ins,Cathedral/Vaulted Ceiling
Room: Living Room
  • Level: Main
  • Dimensions: 35 X 17
  • Lengthe: 35
  • Width: 18
  • Features: Fireplace - Other,Crown Molding,Flooring - HardWood
Room: Other
  • Level: Main
  • Lengthe: 12
  • Width: 6
  • Features: Flooring - Tile/Brick,Wet Bar
Room: Sun/Florida Room
  • Level: Main
  • Lengthe: 26
  • Width: 13
  • Features: Fireplace - Wood Burning,Flooring - Tile/Brick
Room: Bedroom 1
  • Level: Upper 1
  • Lengthe: 18
  • Width: 17
  • Features: Crown Molding,Built-Ins,Flooring - HardWood,Fireplace - Other
Room: Bedroom 2
  • Level: Upper 1
  • Dimensions: 17 X 12
  • Lengthe: 18
  • Width: 12
  • Features: Flooring - HardWood
Room: Bedroom 3
  • Level: Upper 1
  • Dimensions: 20 X 23
  • Lengthe: 13
  • Width: 8
Room: Bedroom 4
  • Level: Upper 1
  • Lengthe: 13
  • Width: 12
Room: Full Bath
  • Level: Upper 1
  • Lengthe: 8
  • Width: 8
Room: Full Bath
  • Level: Upper 1
  • Lengthe: 9
  • Width: 6
  • Features: Jack and Jill Bathroom
Room: Office
  • Level: Upper 1
  • Lengthe: 12
  • Width: 13
  • Features: Built-Ins
Room: Primary Bathroom
  • Level: Upper 1
  • Lengthe: 10
  • Width: 10
  • Features: Soaking Tub,Double Sink,Flooring - Tile/Brick
Room: Primary Bedroom
  • Level: Upper 1
  • Dimensions: 17 X 13
  • Lengthe: 17
  • Width: 13
  • Features: Fireplace - Other,Walk-In Closet(s),Attached Bathroom
Room: Sitting Room
  • Level: Upper 1
  • Lengthe: 17
  • Width: 8
  • Features: Skylight(s),Balcony Access
Room: Bedroom 5
  • Level: Upper 2
  • Lengthe: 23
  • Width: 20
  • Features: Attached Bathroom,Cedar Lined Closet,Flooring - HardWood
Room: Bedroom 6
  • Level: Upper 2
  • Lengthe: 14
  • Width: 21
  • Features: Attached Bathroom,Flooring - HardWood
Room: Full Bath
  • Level: Upper 2
  • Lengthe: 6
  • Width: 8
Room: Full Bath
  • Level: Upper 2
  • Lengthe: 9
  • Width: 5
Room: Bonus Room
  • Level: Upper 3
  • Lengthe: 42
  • Width: 18
  • Features: Skylight(s),Built-Ins

Neighborhood

Community

08540 (PRINCETON) Demographics
38
Median Age
979
Population Density (per sq. mile)
85%
College Educated
$154,859
Estimated Median Income
11,795
Estimated Total Home Owners
6,348
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,282,529
Median Sales Price
$573
Median Price per Square Foot
165
Properties Sold
68
New on Market
62
Average Days on Market
160
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
4/8/2024Source: BRIGHT MLS Price Reduction
$3,975,000 -3.0%
3/21/2024Source: BRIGHT MLS Status Change
ACTIVE
3/11/2024Source: BRIGHT MLS Added to Database
March 11, 2024