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601 Prospect Avenue

PRINCETON, NJ 08540
  • $12,000,000
  • STATUS: Active Under Contract
  • ON SITE: 1472 Days
  • ID#: 1005948591
Under Contract
UPDATED: 72 min ago
$12,000,000
  • 0
    BEDS
  • 18.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
Built:
1914
County:

School Ratings & Info

School District:

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Bass Group, Real Estate Teams, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-30T23:51:26.53.
www.jimbassgroup.com/homes/87657418
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601 Prospect Avenue PRINCETON, NJ 08540

  • Price: $12,000,000
  • Status: Active Under Contract
  • On Site: 1472 Days
  • Updated: 72 min ago
  • ID#: 1005948591
0
Beds
0
Baths
0
½ Baths
18.47
Acres
1914
Built
Neighborhood:
Riverside
County:
Mercer
Area:
Princeton (21114)
School District:
Princeton Regional Schools
Property 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.
Exterior Features

Garage YN No Location Type Lake Lot Features Subdivision PossibleCornerPartly WoodedRoad FrontagePremium Parking Types None Road Responsibility Boro/Township Road Surface Type Paved Sign On Property YN N Topography List LevelPart Wooded View WaterLakeScenic VistaTrees/WoodsPasture Water Access YN Yes Water Body Name Carnegie Lake Water Body Type Lake Water Oriented YN Yes Water View YN Yes Waterfront YN Yes

Interior Features

Room List Primary Bedroom

Property Features

Association YN No Central Air YN No Condo YN No Cross Street Riverside Current Use OfficeOther Municipality Princeton Navigable Water YN Y Original MLSNumber 121540686195:TREND Ownership Interest Fee Simple Possession Negotiable Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 75120.00 Tax Assessment Amount 6287100.00 Tax Lot 00002-00004 Utilities Water AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning R-5 Zoning Description Subject To Zoning

Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Bass Group, Real Estate Teams, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-30T23:51:26.53.
 
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Jim Bass Group, Real Estate Teams, LLC
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