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18
Photos
601 PROSPECT AVENUE, Princeton, NJ 08540
$12,000,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
5
baths
10,000
sqft
Built in
1914
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.
Features & Amenities
Interior
- General:
- Kitchen - Eat-In
- Rooms:
- Living Room,Primary Bedroom,Kitchen,Other,Attic
- Laundry:
- Basement
- Basement:
- Full
- Flooring:
- Tile/Brick
- A/C:
- Central A/C,Wall Unit
- Heating:
- Y, Radiator, Natural Gas
- Fireplace:
- Non-Functioning, Fireplace, Fireplaces: 1
- Disability Feature:
- None
Exterior
- General:
- Above Grade
- Style:
- Traditional
Construction
- Roofing:
- Pitched
- General:
- Stone,Other, 3
Location
- Originating MLS:
- BRIGHT_TREND
- School District:
- PRINCETON REGIONAL SCHOOLS
- County:
- MERCER
Lot
- Zoning:
- R-5, 14-05901-00002-4
- Waterfront:
- 700
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_TREND
This listing courtesy of:
Callaway Henderson Sotheby's Int'l-Princeton, Barbara J Blackwell
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Princeton, NJ
Housing
- Number of Units
- 21,578
- Median Home Value
- $673,317
- Median Rent
- $1,665
39.26% of housing units are renter occupied.
7.79% are vacant.
Commute
- Car
-
32.86%
- Public Transportation
-
6.54%
- Walk to Work
-
8.03%
- Work from Home
-
51.16%
- Other
-
0.49%
The median travel time to work is 16 minutes.
People
- Population
- 57,453
- Median Age
- 38.90
- Median Household Size
- 2.85
Education
- High School
-
6.69%
- Associate’s Degree
-
3.07%
- Bachelor’s Degree
-
31.64%
- Graduate Degree
-
49.48%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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