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Listing ID1005948591
Price$12,000,000
Acres
18.470
StatusACTIVE UNDER CONTRACT
CountyMercer
Property TypeLand
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.
County
Mercer
Price/SqFt
14.92
Property Type
Land
Subdivision
RIVERSIDE
Zoning
R-5
Farm Land Preservation
no
Lot Size Dimensions
18.47 ACRES, LotWidth:1400
Lot Size Source
Assessor
Lot Size Units
Square Feet
Road Responsibility
Boro/Township
Road Surface Type
Paved
Sewer Septic
Public Sewer
Utilities
Water Available, Natural Gas Available, Electric Available
Water Access
yes
Water Body Name
Carnegie Lake
Water Body Type
Lake
Water Oriented
yes
Water Source
Public
Water View
yes
Condo/Co-op Association
N
Country
US
HOA
N
Location Type
Lake
MLS Area
Princeton (21114)
Municipality
PRINCETON
School District Name
PRINCETON REGIONAL SCHOOLS
Topography
Level, Part Wooded
Topography Description
Beautiful meadows and copses of woods sloping gently to Carnegie Lake
View Type
Water, Lake, Scenic Vista, Trees/Woods, Pasture
Waterfront
yes
Zoning Description
Subject To Zoning
Current Use
Office, Other
Days on Market
365
Kick-Out Clause
no
Property Sub Type
Land
Automatically Update Tax Values
yes
Contingency Type
Document Review, Zoning Approval, Feasibility Study
Ownership Interest
Fee Simple
Possession
Negotiable
Sale Type
Standard
Tax Annual Amount
75120
Tax Assessed Value
6287100
Tax Data Updated
no
Tax Lot
00002-00004
Tax Year
2017
Vacation Rental
no
Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton (609) 921-1050
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton. Data last updated on Thursday, March 28th, 2024 01:42:41 AM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton. Data last updated on Thursday, March 28th, 2024 01:42:41 AM.
Contact - Listing ID 1005948591
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker