240 Library Place Princeton, NJ 08540
Estimated payment $26,346/month
Highlights
- Private Pool
- Eat-In Gourmet Kitchen
- 1.05 Acre Lot
- Community Park Elementary School Rated A+
- Heated Floors
- Curved or Spiral Staircase
About This Home
On a corner lot in the heart of the famous Western Section, a mere half-mile from
bustling downtown and Princeton University's world-class campus, astonishing
artistry and a fascinating history combine for a home like no other. As refined as
it appears from the courtyard entry, it only gets more impressive as you continue
through the array of rooms discovering storied mantelpieces, carved woodwork
and imported fixtures along the way. The deep grounds also never fail to surprise
and delight all who are lucky enough to spend a day relaxing by the Roman-style
pool or dining on the stone terrace. The lawn and formal garden have even
hosted tented celebrations for hundreds with ease. The 1840 house welcomes
you into the foyer, where a mural's softly colored tree branches reach toward an
unusually high ceiling. The living room is large enough for a combination of
seating areas or even billiards, as the current set-up shows. Pocket doors allow a
view of the library's elaborately detailed woodwork while seated in the classically
styled dining room. Plenty of sunshine and radiant heat keep the marble-clad
family room from ever feeling chilly. New quartz countertops freshen up the crisp
white kitchen with a wealth of storage around every turn. A breezeway connects
the three-car garage and leads to a pool house like no other, where glass and
crystal creations custom-made in Paris by the artisans of Lalique conjure a
magical underwater fantasy world. Carved sea creatures whimsically watch over
the gathering space served by a full kitchen, wine cellar and bathrooms worthy of
Poseidon himself! Above, a playroom/gym provides plenty of space for healthy
indoor recreation. The upper levels of the main house hold seven bedrooms
served by five baths. The largest and airiest of those bedrooms radiate from the
light-filled landing, along with an office beyond fanlight-topped pocket doors. The
main suite has it all: dressing room, fireplace, marble bath, sunroom and a deck
overlooking a trickling water feature and stunning trees that put on an autumnal
show. This is your chance to leave your mark on one of the Western Section's
finest showplaces.
Listing Agent
(609) 947-5757 mmills@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #8636710 Listed on: 06/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $79,200
Year Built
- Built in 1840
Lot Details
- 1.05 Acre Lot
- Partially Fenced Property
- Corner Lot
- Level Lot
- Sprinkler System
- Back, Front, and Side Yard
- Property is zoned R1
Parking
- 3 Car Direct Access Garage
- Gravel Driveway
Home Design
- Colonial Architecture
- Stone Foundation
- Slate Roof
- Metal Roof
- Stucco
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Wet Bar
- Curved or Spiral Staircase
- Dual Staircase
- Built-In Features
- Crown Molding
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- 5 Fireplaces
- Window Treatments
- Entrance Foyer
- Great Room
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Home Office
- Library
- Sun or Florida Room
- Home Gym
- Home Security System
- Unfinished Basement
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Room
- Butlers Pantry
- Built-In Self-Cleaning Double Oven
- Cooktop
- Extra Refrigerator or Freezer
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Wine Rack
Flooring
- Wood
- Heated Floors
- Marble
- Tile or Brick
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Bathroom
- Cedar Closet
- Walk-In Closet
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Private Pool
- Spa
Outdoor Features
- Balcony
- Patio
Schools
- Princeton Middle School
- Princeton High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Cooling System Utilizes Natural Gas
- 200+ Amp Service
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Western Subdivision
Listing and Financial Details
- Assessor Parcel Number 14-00005 02-00022
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $84,526 | $2,974,100 | $850,500 | $2,123,600 |
| 2024 | $79,797 | $3,174,100 | $850,500 | $2,323,600 |
| 2023 | $79,797 | $3,174,100 | $850,500 | $2,323,600 |
| 2022 | $77,194 | $3,174,100 | $850,500 | $2,323,600 |
| 2021 | $77,416 | $3,174,100 | $850,500 | $2,323,600 |
| 2020 | $76,813 | $3,174,100 | $850,500 | $2,323,600 |
| 2019 | $75,290 | $3,174,100 | $850,500 | $2,323,600 |
| 2018 | $74,020 | $3,174,100 | $850,500 | $2,323,600 |
| 2017 | $73,004 | $3,174,100 | $850,500 | $2,323,600 |
| 2016 | $71,194 | $3,144,600 | $821,000 | $2,323,600 |
| 2015 | $69,559 | $3,144,600 | $821,000 | $2,323,600 |
| 2014 | $68,710 | $3,144,600 | $821,000 | $2,323,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2025 06/28/25 | For Sale | $3,750,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $3,350,000 | -- | |
| Deed | $575,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $460,000 | No Value Available |
Source: Bright MLS
MLS Number: NJME2061774
APN: 14-00005-02-00022
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