240 Library Place Princeton, NJ $ 3,975,000
240 Library Place
$ 3,975,000
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240 Library Place

Princeton, NJ, 08540
$ 3,975,000
Bedrooms7 Baths7.1 Sq 7,230

Monthly Estimate*

$ 27,767

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Single Family Home for sale in Princeton, NJ

for $3,975,000 with 7 bedrooms and 7 full baths, 1 half bath. This 7,230 square foot home was built in 1840 on a lot size of 1.05.

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.

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Single Family Active

Price

$ 3,975,000

Bedrooms

7

Full Bath

7

Half Bath

1

Property Type

Single Family

Taxes

$ 79,796

Style

Colonial

Lot Size

1.05

Year Built

1840

Town/City

Princeton

County/Region

Mercer

MLS | Web ID

NJME2040542

Features
General
Interior Features Primary Bath(s) Butlers Pantry Skylight(s) Sauna Air Filter System Wet/Dry Bar Stall Shower Dining Area Breakfast Area Cedar Closet(s) Crown Moldings Curved Staircase Formal/Separate Dining Room Pant
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Roof Metal Slate
Appliances Cooktop Oven - Wall Oven - Double Oven - Self Cleaning Dishwasher Refrigerator Dryer Extra Refrigerator/Freezer Stainless Steel Appliances Washer
Exterior Features Hot Tub Lawn Sprinkler
Zoning R1
Garage Spaces 4.00
Pool Y/N Yes - Personal
Patio/Porch Features Patio(s) Balcony
Architectural Style Colonial
Security Features Security System
Construction Materials Stucco
Exclusions See Listing Agent
Year Built 1840
Electric 200+ Amp Service
Levels 4
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PRINCETON
Accessibility None
County MERCER
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name WESTERN
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 17
Status ACTIVE
Directions 206 or Mercer to Library
City PRINCETON
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - State
Senior Community Y/N N
MLS Area Princeton (21114)
Lot Size Square Feet 45738.00
Waterfront Y/N N
Street Name LIBRARY
Tax Annual Amount 79796.0
Home Warranty Y/N N
Structure Type Detached
Condo/Coop Association Y/N N
Bathrooms Count Main Level 1.00
Price Per Sq Ft 549.79
Acceptable Financing Conventional Cash
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://www.youtube.com/embed/cuq7SGTAuH8
Days on Market 40
Location Type Suburban
Standard Status Active
Year Built Source Assessor
Tax Lot 00022
Buyer Agent Compensation Type % Of Gross
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Interior
Heating Fuel Natural Gas
Basement Unfinished
Flooring Wood Heated Hardwood Carpet Ceramic Tile Tile/Brick
Total Fireplaces 3
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 7230
Full Baths 7
Half Baths 1
Street Suffix PLACE
Central Air Y/N Y
Total Bedrooms 7
Below Grade Finished Area 0
Room Type Living Room Dining Room Primary Bedroom Sitting Room Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Kitchen Basement Library Breakfast Room Bedroom 1 Sun/Florida Room Laundry Other Office Recreation Room St
Below Grade Finished Area Unit Type Square Feet
Laundry Type Basement
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 8
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Exterior
Fencing Other
Parking Features Gravel Driveway
Lot Features Corner Level Front Yard Rear Yard SideYard(s)
Water Source Public
Inclusions See Listing Agent (much of the home furnishings can be included in the sale)
Garage Features Inside Access
Type of Parking Driveway Attached Garage
Foundation Details Stone
Spa Y
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 1.05
Lot Size Units Square Feet
Lot Size Source Estimated
Horse Y/N N
Land Assessed Value 850500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 240
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* Excluded Features
List By
Corcoran Sawyer Smith

Broker

ymoise@corcoranss.com

Email

Affordability Calculator

$34,416
Per Month
81%
19%
0%
Monthly Principal & Interest
$27,767
Monthly Property Taxes
$6,650
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3534572 Elementary School
3533654 Middle School
Princeton H.S. High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$3,975,000 -3.05% Price Down
3/11/2024$4,100,000 Listed Price

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240 Library Place, Princeton, NJ, 08540 is a Single Family Home for sale at $3,975,000 with 7,230 sqft and a lot size of 1.05. 240 Library Place has 7 bedrooms, 7.1 baths, and was built in 1840. The property's zip code is 08540 which is in Princeton, NJ