NOT LISTED FOR SALE

68 Library Place Princeton, NJ 08540

Estimated Value: $3,104,171 - $3,433,000

6 Beds
6 Baths
5,907 Sq Ft
$545/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $2,074,000 $351 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $21,250/month

Highlights

  • Eat-In Gourmet Kitchen
  • Curved or Spiral Staircase
  • Wood Flooring
  • Community Park Elementary School Rated A+
  • Traditional Floor Plan
  • Victorian Architecture

About This Home

As of January 2021

Imagine living in a magnificent estate built during the Gilded Age, ideally located just one block from the center of Princeton. Walk to nearby McCarter Theatre, the train, shops and many restaurants! The preeminent architect of his day, Richard Morris Hunt - the designer of the pedestal of the Statue of Liberty, the Breakers, in Newport, RI and the facade of the Museum of Natural History - designed this home as a gift to the first president of the Princeton Theological Seminary in 1882. Also, Miss Fine started her school, (Princeton Day School) PDS, on the third floor of this home in 1897. This grand brick home has been brought into the modern era by its current owners. The grand 6500+ square foot, 3-story home, with 6+ bedrooms, 6 bathrooms, 9 fireplaces, and the original lead glass oversized windows has an engaging front porch where you can enjoy cocktails with friends or read a book enjoying a cup of coffee. Very gracious rooms, including the library, living room and dining room have maintained their original charm with intricate plaster ceiling medallions, chestnut pocket doors, millwork and dramatic 12+ foot high ceilings. The central part of the home is the newly renovated chef?s kitchen with a gazebo, breakfast room addition. These rooms are accentuated by the many windows and views from all angles and a 2-sided river rock fireplace which connects to the family room and wet bar. The brick exterior has been completely repointed. This home sits majestically on a manicured .79 acre corner lot. The current owners were presented with the Historical Society of Princeton?s Historic Preservation Award in 2003.

Last Agent to Sell the Property

Heidi Joseph

(609) 613-1663 heidi.joseph@foxroach.com BHHS Fox & Roach - Princeton License #1325484 Listed on: 08/27/2020

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Amanda Botwood

(609) 727-3255 amanda.botwood@compass.com Compass New Jersey, LLC - Princeton License #2076617

Compass New Jersey, LLC - Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,307

Year Built

  • Built in 1882 | Remodeled in 2007

Lot Details

  • 0.79 Acre Lot
  • Lot Dimensions are 185.00 x 185.00
  • East Facing Home
  • Stone Retaining Walls
  • Corner Lot
  • Property is in excellent condition
  • Property is zoned R1HP

Parking

  • 2 Car Detached Garage
  • 10 Driveway Spaces
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Brick Driveway

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 5,907 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Curved or Spiral Staircase
  • Dual Staircase
  • Built-In Features
  • Bar
  • Chair Railings
  • Crown Molding
  • Beamed Ceilings
  • Ceiling height of 9 feet or more
  • Skylights
  • 9 Fireplaces
  • Double Sided Fireplace
  • Stone Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Double Hung Windows
  • Transom Windows
  • Window Screens
  • Double Door Entry
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Library
  • Hobby Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Room
  • Butlers Pantry
  • Double Oven
  • Six Burner Stove
  • Indoor Grill
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Gas Front Loading Dryer
  • Front Loading Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Basement with some natural light

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Western Subdivision

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 14-00010 02-00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,307

Year Built

Built in 1882 | Remodeled in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Bar Room Chandelier, Foyer Chandelier and 3 Kitchen Lights over the Island
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2, Upper 3
  • Federal Flood Zone: No
  • Year Built: 1882
  • Year Renovated: 2007
  • Automatically Close On Close Date: No
  • Remarks Public: Imagine living in a magnificent estate built during the Gilded Age, ideally located just one block from the center of Princeton. Walk to nearby McCarter Theatre, the train, shops and many restaurants! The preeminent architect of his day, Richard Morris Hunt - the designer of the pedestal of the Statue of Liberty, the Breakers, in Newport, RI and the facade of the Museum of Natural History - designed this home as a gift to the first president of the Princeton Theological Seminary in 1882. Also, Miss Fine started her school, (Princeton Day School) PDS, on the third floor of this home in 1897. This grand brick home has been brought into the modern era by its current owners. The grand 6500+ square foot, 3-story home, with 6+ bedrooms, 6 bathrooms, 9 fireplaces, and the original lead glass oversized windows has an engaging front porch where you can enjoy cocktails with friends or read a book enjoying a cup of coffee. Very gracious rooms, including the library, living room and dining room have maintained their original charm with intricate plaster ceiling medallions, chestnut pocket doors, millwork and dramatic 12+ foot high ceilings. The central part of the home is the newly renovated chef?s kitchen with a gazebo, breakfast room addition. These rooms are accentuated by the many windows and views from all angles and a 2-sided river rock fireplace which connects to the family room and wet bar. The brick exterior has been completely repointed. This home sits majestically on a manicured .79 acre corner lot. The current owners were presented with the Historical Society of Princeton?s Historic Preservation Award in 2003.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer - Front Loading, Dryer - Gas, Indoor Grill, Oven - Double, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer - Front Loading, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Additional Stairway, Attic, Bar, Breakfast Area, Built-Ins, Butlers Pantry, Chair Railings, Crown Moldings, Curved Staircase, Exposed Beams, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Pantry, Skylight(s), Stall Shower, Tub Shower, Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Window Features: Double Hung, Skylights, Screens, Transom
  • Fireplace Features: Brick, Double Sided, Mantel(s), Stone
  • Fireplaces Count: 9
  • Fireplace: Yes
  • Door Features: Double Entry
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 3
  • Room Count: 15
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Basement, Library, Foyer, Breakfast Room, In-Law/AuPair/Suite, Laundry, Bedroom 6, Attic, Hobby Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Full, Interior Access, Unfinished
  • Total Sq Ft: 5907
  • Living Area Sq Ft: 5907
  • Price Per Sq Ft: 380.90
  • Above Grade Finished Sq Ft: 5907
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 68

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick
  • Exterior Features: Stone Retaining Walls, Street Lights
  • Roof: Slate
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Brick Driveway
  • Garage Features: Garage - Front Entry, Garage - Side Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • School District Key: 300200396175
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 1403500.00
  • Land Assessed Value: 510000.00
  • Lot Features: Corner
  • Lot Size Acres: 0.79
  • Lot Dimensions: 185.00 x 185.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 34225.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R1HP

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2138563
  • Tax Annual Amount: 46307.00
  • Assessor Parcel Number: 14-00010 02-00016
  • Tax Lot: 00016
  • Tax Total Finished Sq Ft: 5907
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 01/22/2021

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Jan 15, 2021
Sold by
Slade Bettina C and Slade Stephen B
Bought by
Scholes Gregory and Murff Carolyne
Seller's Agent
Heidi Joseph
BHHS Fox & Roach - Princeton
Buyer's Agent
Amanda Botwood
Compass New Jersey, LLC - Princeton
List Price
$2,250,000
Sold Price
$2,074,000
Premium/Discount to List
-$176,000
-7.82%
Current Estimated Value
$3,219,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,145,793
Avg. Annual Appreciation
9.85%
Original Mortgage
$908,735
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2019
Sold by
Slade Bettina C
Bought by
Slade Bettina C and Slade Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,525,000
Interest Rate
9.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2000

Purchase Details

Closed on
Oct 5, 1999
Sold by
Tate Robert
Bought by
Slade Stephen and Slade Bettina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.73%
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Scholes Gregory $2,074,000 Foundation Title Llc
Scholes Gregory $2,074,000 Foundation Title
Slade Bettina C -- Servicelink
-- -- --
Slade Stephen $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scholes Gregory $908,735
Previous Owner Slade Stephen $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $2,074,000 -7.8% $351 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $2,250,000 -- $381 / Sq Ft
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
2025 $50,957 $1,913,500 $510,000 $1,403,500
2024 $48,105 $1,913,500 $510,000 $1,403,500
2023 $48,105 $1,913,500 $510,000 $1,403,500
2022 $46,536 $1,913,500 $510,000 $1,403,500
2021 $46,670 $1,913,500 $510,000 $1,403,500
2020 $46,307 $1,913,500 $510,000 $1,403,500
2019 $45,196 $1,905,400 $510,000 $1,395,400
2018 $44,434 $1,905,400 $510,000 $1,395,400
2017 $43,824 $1,905,400 $510,000 $1,395,400
2016 $43,138 $1,905,400 $510,000 $1,395,400
2015 $42,147 $1,905,400 $510,000 $1,395,400
2014 $41,633 $1,905,400 $510,000 $1,395,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME300622

Bright MLS

APN: 14-00010-02-00016