NOT LISTED FOR SALE

166 Library Place Princeton, NJ 08540

Estimated Value: $4,105,000 - $4,728,986

5 Beds
6.5 Baths
-- Sq Ft
0.97 Acres

Last Sold December 01, 2022

Last sale price $4,700,000

Est. 6% decrease in value since last sale

Current estimated payment $29,656/month

15 Days on Market

Highlights

  • Home Theater
  • Heated In Ground Pool
  • 0.97 Acre Lot
  • Community Park Elementary School Rated A+
  • Eat-In Gourmet Kitchen
  • Traditional Floor Plan

About This Home

As of December 2022

The most prized corner in the Western Section was an obvious choice for the site of a brand
new dream home, and in-demand Knight Architects was the go-to firm for a refined design
befitting the location. Gas lanterns flicker at the manicured entry to the French Provincial
completed in 2014. Since then, the gardens and trees around the pool and walled lawn, land
once owned by the McGraw-Hill Family, have matured to provide total privacy. A patio with
built-in grill and fireplace invites al fresco entertaining nearly year-round. Beginning with
leaded-glass framing the front door and continuing with antique lighting and salvaged marble
mantels, great care was taken to incorporate hand-crafted elements and add patina to flawless
spaces - the key to making a new house feel layered and dynamic. Quarter-sawn random-width
oak floors are another worthwhile splurge that call to mind the craftsmanship of an earlier era.
Double mudrooms, a main level bedroom suite and a full-service elevator are just a few telltale
modern attributes that make life easier. Another is the open kitchen design featuring a rare
chestnut island and 48” double Wolf range. In the antique-mirrored butler’s pantry, a full-size
wine fridge makes choosing a vintage a quick task. Nearby French doors and clerestory
windows high over the family room pass extra light between the adjoining spaces. Two
staircases lead to 3 suites, each with beautifully finished walk-in closets, built-ins and
marble-accented baths. The boudoir-inspired main suite is the peak of luxury thanks to extras,
like a fireplace, slipper tub and dressing room island. With 9-ft ceilings and space galore, the top
floor suite is an apartment-sized refuge. No modern-day luxury home is complete without an
optimized lower level with zones for fitness and casual entertaining, including an authentic
pub-style bar imported from the British Isles. An admirable addition to Princeton’s most iconic
neighborhood!

Last Listed By

Maura Mills

Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 09/24/2022

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,536

Year Built

  • Built in 2014

Lot Details

  • 0.97 Acre Lot
  • Masonry wall
  • Partially Fenced Property
  • Privacy Fence
  • Aluminum or Metal Fence
  • Landscaped
  • Extensive Hardscape
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Back, Front, and Side Yard
  • Property is zoned R1

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Fenced Parking

Home Design

  • Traditional Architecture
  • French Architecture
  • Architectural Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Elevator
  • Traditional Floor Plan
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Bar
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • 3 Fireplaces
  • Marble Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • Mud Room
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Home Theater
  • Game Room
  • Hobby Room
  • Storage Room
  • Utility Room
  • Home Gym
  • Garden Views
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Gas Oven or Range
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack

Flooring

  • Wood
  • Partially Carpeted
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry

Home Security

  • Monitored
  • Security Gate
  • Intercom
  • Exterior Cameras
  • Motion Detectors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Flood Lights

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool

Outdoor Features

  • Patio
  • Water Fountains
  • Terrace
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Schools

  • Community Park Elementary School
  • Princeton Middle School
  • Princeton High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Western Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-00010 02-00005 01

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,536

Year Built

Built in 2014

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional, French
  • Ownership: Fee Simple
  • Exclusions: Request Exclusions List from Listing Agent
  • Inclusions: Refrigerator, washer, dryer.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2022-09-24
  • Year Built: 2014
  • Automatically Close On Close Date: No
  • Remarks Public: The most prized corner in the Western Section was an obvious choice for the site of a brand new dream home, and in-demand Knight Architects was the go-to firm for a refined design befitting the location. Gas lanterns flicker at the manicured entry to the French Provincial completed in 2014. Since then, the gardens and trees around the pool and walled lawn, land once owned by the McGraw-Hill Family, have matured to provide total privacy. A patio with built-in grill and fireplace invites al fresco entertaining nearly year-round. Beginning with leaded-glass framing the front door and continuing with antique lighting and salvaged marble mantels, great care was taken to incorporate hand-crafted elements and add patina to flawless spaces - the key to making a new house feel layered and dynamic. Quarter-sawn random-width oak floors are another worthwhile splurge that call to mind the craftsmanship of an earlier era. Double mudrooms, a main level bedroom suite and a full-service elevator are just a few telltale modern attributes that make life easier. Another is the open kitchen design featuring a rare chestnut island and 48” double Wolf range. In the antique-mirrored butler’s pantry, a full-size wine fridge makes choosing a vintage a quick task. Nearby French doors and clerestory windows high over the family room pass extra light between the adjoining spaces. Two staircases lead to 3 suites, each with beautifully finished walk-in closets, built-ins and marble-accented baths. The boudoir-inspired main suite is the peak of luxury thanks to extras, like a fireplace, slipper tub and dressing room island. With 9-ft ceilings and space galore, the top floor suite is an apartment-sized refuge. No modern-day luxury home is complete without an optimized lower level with zones for fitness and casual entertaining, including an authentic pub-style bar imported from the British Isles. An admirable addition to Princeton’s most iconic neighborhood!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Central Vacuum, Dishwasher, Dryer, Intercom, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Wood, Partially Carpeted, Tile/Brick
  • Interior Amenities: Bar, Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Crown Moldings, Elevator, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Central Vacuum, Pantry, Primary Bath(s), Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors, Wine Storage
  • Fireplace Features: Gas/Propane, Mantel(s), Marble
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Foyer, Exercise Room, Laundry, Mud Room, Storage Room, Utility Room, Media Room, Attic, Hobby Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Full, Partially Finished, Walkout Stairs, Outside Entrance, Interior Access
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 166

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Bbq Grill, Extensive Hardscape, Exterior Lighting, Flood Lights, Gutter System, Lawn Sprinkler, Street Lights, Water Fountains
  • Pool Features: Fenced, Gunite, Heated, In Ground
  • Roof: Architectural Shingle, Asphalt, Metal
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Fenced
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Exterior Cameras, Intercom, Monitored, Motion Detectors, Security System, Smoke Detector, Security Gate, Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: COMMUNITY PARK
  • Middle School: PRINCETON
  • High School: PRINCETON H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396175
  • School District Source: Listing Agent
  • Elementary School: COMMUNITY PARK
  • High School: PRINCETON H.S.
  • Middle Or Junior School: PRINCETON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Partially, Privacy, Masonry/Stone, Aluminum
  • Improvement Assessed Value: 1555100.00
  • Land Assessed Value: 850300.00
  • Lot Features: Corner, Front Yard, Landscaping, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.97
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 42253.00
  • Outdoor Living Structures: Patio(s), Terrace
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2138553
  • Tax Annual Amount: 58536.00
  • Assessor Parcel Number: 14-00010 02-00005 01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/01/2022

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Nov 22, 2022
Sold by
Culhane Michael G and Culhane Sally A
Bought by
Hong Zhijian and Zhang Lu
Seller's Agent
Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Xiaoyi Wu
Queenston Realty, LLC
List Price
$4,500,000
Sold Price
$4,700,000
Premium/Discount to List
$200,000
4.44%
Total Days on Market
15
Views
99
Current Estimated Value
$4,397,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$302,005
Avg. Annual Appreciation
-2.64%

Purchase Details

Listed on
Apr 1, 2011
Closed on
Sep 19, 2012
Sold by
166 Library Place Llc
Bought by
Culhane Michael G and Culhane Sally A
Seller's Agent
Martha Giancola
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Barbara Facompre
BHHS Fox & Roach Hopewell Valley
List Price
$1,295,000
Sold Price
$995,000
Premium/Discount to List
-$300,000
-23.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.55%
Original Mortgage
$1,900,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2010
Sold by
Webster Elizabeth Mcgraw
Bought by
166 Library Place Llc

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hong Zhijian $4,700,000 Title Authority
Culhane Michael G $995,000 First American Title
166 Library Place Llc -- None Available
166 Library Place Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Culhane Michael G $2,000,000
Previous Owner Culhane Sally A $900,000
Previous Owner Culhane Michael G $1,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $4,700,000 +4.4% --
09/24/2022 09/24/22 For Sale $4,500,000 +352.3% --
10/12/2012 10/12/12 Sold $995,000 -23.2% --
05/17/2012 05/17/12 Pending -- -- --
04/01/2011 04/01/11 For Sale $1,295,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $60,472 $2,405,400 $850,300 $1,555,100
2023 $60,472 $2,405,400 $850,300 $1,555,100
2022 $58,368 $2,400,000 $850,300 $1,549,700
2021 $61,890 $2,537,500 $850,300 $1,687,200
2020 $61,408 $2,537,500 $850,300 $1,687,200
2019 $60,190 $2,537,500 $850,300 $1,687,200
2018 $61,553 $2,639,500 $863,000 $1,776,500
2017 $60,709 $2,639,500 $863,000 $1,776,500
2016 $59,758 $2,639,500 $863,000 $1,776,500
2015 $58,386 $2,639,500 $863,000 $1,776,500
2014 $57,673 $1,613,000 $863,000 $750,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2022810

Bright MLS

APN: 14-00010-02-00005-01