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  • 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.

    KEY DETAILS
    • Price:
    • $12,000,000
    • Bedrooms:
    • 2
    • Full Baths:
    • 3
    • Half Baths:
    • 2
    • Square Footage:
    • 10,000
    • Acreage:
    • 18.47
    • Year Built:
    • 1914
    • MLS #:
    • 1005948467
    • Street Address:
    • 601 Prospect Ave
    • City:
    • Princeton
    • State:
    • NJ
    • Postal Code:
    • 08540
    • County:
    • Mercer
    • Area:
    • Princeton (21114)
    • Subdivision:
    • Riverside
    • Listing Status:
    • For Sale - Active

    Building

    • Basement Type:
    • Full
    • Building Condition:
    • As-Is Condition
    • Dwelling Type:
    • Detached
    • Finished Above Ground Square Footage:
    • 10000
    • Finished Square Feet:
    • 10000
    • Fireplace:
    • Non-Functioning
    • Fireplace:
    • Yes
    • Flooring:
    • Tile/Brick
    • Has Basement:
    • Yes
    • Interior Features:
    • Kitchen - Eat-In
    • Square Footage Source:
    • Estimated
    • Stories:
    • 3+
    • Style:
    • Traditional
    • Total Building Square Footage:
    • 10000
    • Type Of Roof:
    • Pitched
    • Year Built:
    • 1914
    • Year Built Source:
    • Estimated

    Land

    • Lot Features:
    • Open, Trees/Wooded, Subdivision Possible
    • Lot Square Footage:
    • 804553.00

    Listing

    • Days On Market:
    • 168
    • Originating Mls:
    • Trend
    • Special Conditions Of Sale:
    • Standard

    Location

    • Cross Street:
    • Riverside Dr
    • Street Type:
    • Avenue
    • Subdivision:
    • Riverside
    • Tax Municipality:
    • Princeton

    Money

    • Price Per Square Foot:
    • 1200.00
    • Property Taxes:
    • $75,120
    • Tax Year:
    • 2017

    Rooms

    • Full Bathrooms At Basement Level:
    • 1
    • Full Bathrooms On Main Level:
    • 1.00
    • Full Bathrooms On Upper Level:
    • 3
    • Laundry:
    • Basement
    • Room Description:
    • Living Room, Master Bedroom, Kitchen, Other, Attic
    • Total Rooms:
    • 18

    Structures

    • Parking Type:
    • Parking Lot
    • Pool Description:
    • No Pool

    Systems

    • Cooling Fuel:
    • Electric
    • Cooling System:
    • Central A/C, Wall Unit
    • Existing Water:
    • Public
    • Heating:
    • Gas, Radiator
    • Heating Fuel:
    • Natural Gas
    • Sewage Type:
    • Public Sewer
    • Water Heater:
    • Natural Gas

    Water

    • Has Water Access:
    • Yes
    • Water Body Type:
    • Lake
    • Water Name:
    • Carnegie Lake
    • Waterfront:
    • Yes
    • Waterfront Footage:
    • 700

    Source

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