Katina And
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:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 18.47
  • Year Built:
  • 1914
  • MLS #:
  • 1005948591
  • 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

  • View:
  • Water, Lake, Scenic Vista, Trees/Woods, Pasture
  • Year Built:
  • 1914
  • Year Built Source:
  • Estimated

Land

  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Subject To Zoning
  • Existing Land Use:
  • Office, Other
  • Lot Features:
  • Subdivision Possible, Corner, Partly Wooded, Road Frontage, Premium
  • Lot Square Footage:
  • 804553.00
  • Road Frontage:
  • 1400
  • Road Type:
  • Paved
  • Topography:
  • Beautiful Meadows And Copses Of Woods Sloping Gently To Carnegie Lake

Listing

  • Days On Market:
  • 292
  • Originating Mls:
  • Trend
  • Special Conditions Of Sale:
  • Standard

Location

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

Money

  • Price Per Square Foot:
  • 14.92
  • Property Taxes:
  • $75,120
  • Tax Year:
  • 2017

Rooms

  • Room Description:
  • Master Bedroom

Systems

  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer

Water

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

Source

  • Listing Provided By Callaway Henderson Sotheby's

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SCHOOL RATINGS
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SCHOOL DISTRICT: PRINCETON REGIONAL SCHOOLS

NOTES

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