240 Library Pl, Princeton, NJ 08540
FOR SALE1.05 ACRES

240 Library Pl
Princeton, NJ 08540

  • 7 Beds
  • 8 Baths
  • 7,230 sqft (on 1.05 acres)
  • 7 Beds
  • 8 Baths
  • 7,230 sqft (on 1.05 acres)

$3,975,000

Original price: $4,100,000
Est. Mortgage $28,091/mo*
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Local Information

map showing home location
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-- mins to
Commute Destination

Description

Welcome to 240 Library Place, an extraordinary home in the heart of Princeton. Built in 1840, this gem offers a prime location near the vibrant heart of town. Recently refrehsed for spring, this masterpiece allows you to embrace Princeton's rich legacy as either a primary residence or a Princeton getaway near the renowned Princeton University . This home's historical significance goes beyond its architectural beauty. Owned by Princeton graduates throughout the years and once serving as a house for professors, it holds a place in Princeton's rich heritage. Scholars and intellectuals have traversed its halls, adding to its allure. Inside, discover exceptional features and amenities that set this home apart. The Center Hall Colonial with its expansive ceilings exudes grandeur. Original wood floors from the 1800s lend timeless elegance. Custom millwork and six fireplaces showcase exquisite craftsmanship. Modern upgrades include heated floors and roof, multi-zone heating and cooling, a pool, spa, and wine room. Lalique crystal accents and cedar-lined closets add opulence. The library, with hand-carved cherry wood, pays homage to Princeton's academic excellence. The sunroom boasts Italian marble and a Grover Cleveland mantle, offering a serene space to unwind. The living room, or Billiard Room, is great for entertaining. The dining room sets the stage for unforgettable meals and the kitchen boasts beautiful granite countertops and features a Butler's Pantry for culinary enthusiasts. The primary bedroom offers a dressing area, enclosed glass terrace sitting area, and a walk-in closet. Six other ample-sized bedrooms provide versatility, including in-home office suites. The basement features multi-purpose areas for recreation, a laundry area, storage, and a fun DIY bar. Outside, the exquisite English gardens were designed with entertainment in mind. Host grand soirees with space for outdoor tents. The heated pool and spa invite relaxation. The two-story pool house is an architectural marvel, with a Lalique fish tank, limestone floors, fireplace, and a fully equipped kitchen. The second floor of the pool house has a large space for a gym, home office or media room. Hand-hewn maple paneling and a birds-eye maple ceiling add refinement. Immerse yourself in Princeton's rich history and cultural scene. Enjoy the community's charm and nearby amenities. 240 Library Place seamlessly blends past and present, making it truly exceptional. Don't miss this chance to own a piece of Princeton's history while creating a lifetime of memories in this timeless masterpiece.

Home Highlights

Parking
4 Car Garage
Outdoor
Patio, Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$550
Listed
36 days ago

Home Details for 240 Library Pl

Interior Features

Interior Details
Basement: UnfinishedNumber of Rooms: 17Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 8Number of Bathrooms (full): 7Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 7230 Square Feet
Appliances & Utilities
Appliances: Cooktop, Oven - Wall, Double Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Dryer, Extra Refrigerator/Freezer, Stainless Steel Appliance(s), Washer, Gas Water HeaterDishwasherDryerLaundry: In Basement,Laundry RoomRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,Natural GasHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 3Spa: Hot TubHas a FireplaceHas a Spa
Gas & Electric
Electric: 200+ Amp Service
Windows, Doors, Floors & Walls
Window: Skylight(s), Window TreatmentsFlooring: Wood, Heated, Hardwood, Carpet, Ceramic Tile, Tile/Brick, Wood Floors
Levels, Entrance, & Accessibility
Stories: 4Levels: FourAccessibility: NoneFloors: Wood, Heated, Hardwood, Carpet, Ceramic Tile, Tile Brick, Wood Floors
Security
Security: Security System

Exterior Features

Exterior Home Features
Roof: Metal SlatePatio / Porch: PatioFencing: OtherOther Structures: Above Grade, Below GradeExterior: Lawn Sprinkler, BalconyFoundation: Stone, BasementHas a Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Open Parking Spaces: 8No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 12Parking: Inside Entrance,Gravel Driveway,Driveway,Attached Garage
Pool
Pool: Yes - PersonalPool
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses
Finished Area
Finished Area (above surface): 7230 Square Feet

Days on Market

Days on Market: 36

Property Information

Year Built
Year Built: 1840
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Colonial
Building
Construction Materials: StuccoNot a New Construction
Property Information
Not Included in Sale: See Listing AgentIncluded in Sale: See Listing Agent (much Of The Home Furnishings Can Be Included In The Sale)Parcel Number: 1400005 0200022

Price & Status

Price
List Price: $3,975,000Price Per Sqft: $550
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: ACTIVE

Media

See Virtual Tour

Location

Direction & Address
City: PrincetonCommunity: Western
School Information
Elementary School District: Princeton Regional SchoolsJr High / Middle School: John Witherspoon M.s.Jr High / Middle School District: Princeton Regional SchoolsHigh School: Princeton H.s.High School District: Princeton Regional Schools

Agent Information

Listing Agent
Listing ID: NJME2040542

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 1.05 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Conventional, Cash

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 0Sub Agency Commission Type: %Transaction Broker Commission: 0Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: NJME2040542Municipality: PRINCETON
Last check for updates: about 4 hours ago
Listing courtesy of Yakenya Moise, (609) 436-0305
Corcoran Sawyer Smith
Source: Bright MLS, MLS#NJME2040542

Price History for 240 Library Pl

DatePriceEventSource
04/08/2024$3,975,000PriceChange
Bright MLS #NJME2040542
03/22/2024$4,100,000Listed For SaleBright MLS #NJME2040542
11/04/2023$4,100,000ListingRemovedBright MLS #NJME2032376
09/27/2023$4,100,000PriceChange
Bright MLS #NJME2032376
07/09/2023$4,500,000Listed For SaleBright MLS #NJME2032376
09/14/1995$575,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$77,416
Assessment$3,174,100
Home facts updated by county records

Comparable Sales for 240 Library Pl

Address
Distance
Property Type
Sold Price
Sold Date
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2 Westcott Rd, Princeton, NJ
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3,237
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7 Armour Rd, Princeton, NJ
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What Locals Say about Princeton

  • Zd5r5vkswj
    "It’s good. Kids are friendly and most at people are ok. Some are a bit strange here but that can be entertaining. All in all it’s a pretty fun solid place to live and visit. "
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  • Rmy.ard
    "Friendly, safe, clean and enjoyable. Princeton is a diverse community, with a very strong public support system. It has excellent schools, great recreation facilities and numerous public parks and playgrounds. "
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  • Trulia User
    "I like a clean n nice place to stay with my kids. This place look very nice n beautiful good for people with children."
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  • Trulia User
    "To get to bus station is a long , over populated area and the majority of people walk but a lot of cars in a very over populated and mixture of all kinds of people. Some very nice, and some very rude and feel they own the streets! I really hate Princeton and don’t recommend it. To get to train station is now a drive and to The Dinky is a longer walk than bus stop. And everything costs money, they built decks to make money and they also make you get permits to park. I was blessed enough to have a driveway where I was, but all in all: I rate it a good=25 & bad=75%-NOT VERY GOOD! Must rate Police & EMT IS A GOOD-100% -very fair and also courts are fair majority of time"
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  • Beth
    "Walk to town and all schools grocery stores and campus. Beautiful houses, diverse and good for bikes and walking. Walk to train to the city. "
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  • Paula F.
    "5 minute drive. it is a great town, no traffic. access to buses and trains to New York city and Philadelphia. "
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  • Dana W.
    "This is a walkable community filled with educated citizens who are active in community events. Home prices are very expensive. Getting into the housing market here is the toughest aspect of living here. "
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  • Tiger jcs
    "Very multi ethnic. Both historic and modern with a great university in our midst assuring that great cultural offerings are available year round."
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  • Courtney F.
    "Traffic isn’t too bad on this dude of town. Rush hour with school buses slowing down the cars is usually brief. "
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  • Dana W.
    "My commute is an 8 minute drive. If it wasn’t across route 1, I would walk or ride my bike. I wish I could get there without crossing the major thruway."
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  • Brian P
    "Great open spaces and parks, but no specific dog parks that are free. People are dog-friendly and people pick up after themselves."
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  • Dana W.
    "My commute is easy just an 8 minute drive and my children walk to school each day. When we want to go to NYC, the Dinky comes right to town and we are in the city in less than one hour. "
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  • S1130harper
    "15 minutes straight easy commute... in rush hour at night, can take over an hour trying to get thru Princeton "
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  • Luc.tholens66
    "People look out for each other, diverse and caring. Neighbors are welcoming, friendly and above all helpful. We love living here"
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  • Pflory
    "we have community yard sales and other events Everyone looks out for each others children and making sure it is a safe place to play.. "
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  • Becka.maynard
    "The neighborhood is quiet but friendly. It is convenient to downtown and to public transportation. Great parks and schools. "
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  • Trulia User
    "Communiversity Jazz festival Pi day Half marathon Bike to school day Mccaffreys food fair Xxxxxxxxxxxxxx "
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  • Megan C.
    "Most streets have sidewalks. A few businesses have water out for pets. It’s a lovely neighborhood!"
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  • Amie T
    "Many of parks and beautiful outdoor areas to exercise dogs. Plethora of pet sitting services in the area and many neighbors always out walking dogs."
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  • Dpuntwea
    "Civil neighbors, superior education opportunities at all levels and an efficiently zone town with excellent restaurants. "
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  • Rmaynard
    "Friendly, quiet, and close to town. Child friendly neighborhood. Sidewalks to town and neighborhood shops."
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  • Amiethornton
    "Great access to wooded walking trails in close proximity and very dog friendly community. Large yards are amenable to dog households."
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  • Dpunt
    "Dogs are welcomed here. Dog walkers are numerous and are courteous to pedestrian. Some stores in town to leave water bowls outside for thirsty dogs."
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  • Dpuntwea
    "The Princeton Junction train station needs more parking space for commuters. Other than parking, the roads are well managed and there is very little delay s during rush hour traffic, unlike many other New Jersey towns."
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  • Usdcnyc
    "Best place in the world. People are very friendly here. Although no one talks to each other but they look after at each other🙏🙂"
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  • Diegosalmonyori
    "I ‘ve been living in downtown Princeton because it is rare to find this kind of self-contained community nowadays. The University brings the right crowd! Great to live here."
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  • Nick K.
    "This is a wonderful spot for urbanites who want a livable situation. Close walk to town, safe, beauty all around, easy commutes."
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LGBTQ Local Legal Protections

Yakenya Moise, Corcoran Sawyer Smith
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
240 Library Pl, Princeton, NJ 08540 is a 7 bedroom, 8 bathroom, 7,230 sqft single-family home built in 1840. This property is currently available for sale and was listed by Bright MLS on Mar 11, 2024. The MLS # for this home is MLS# NJME2040542.