Nick Smith - Coldwell Banker Hearthside
601 Prospect Ave
PRINCETON, NJ 08540

$12,000,000

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.

Details

MLS#1005948467
StyleHouse
Sub-TypeResale
StatusActive
Year1914
Days On Site15

Features

Bath(s) 2 Full, 3 Half
Acreage18.47
Water FrontYes

Market Activity 08540

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Area Information

StateNJ
CityPRINCETON
Zip Code08540
AreaPrinceton (21114)
Community NameRIVERSIDE
School DistrictPRINCETON REGIONAL SCHOOLS
Elementary SchoolRIVERSIDE
Middle SchoolJ WITHERSPOON
High SchoolPRINCETON
Listing VS Median (in RIVERSIDE)
Price:
$12,000,000
low | high
Med:
$915,000
100% of Average
On Site:
15
low | high
Med:
27
55.555555555556% of Average
Listing Updated: 08/19/2018
MLS Number: 1005948467
Listing Provided By:
Barbara J Blackwell  of  Callaway Henderson Sothebys Intl-Princeton

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