NOT LISTED FOR SALE

697 Prospect Ave Princeton, NJ 08540

Estimated Value: $2,316,258 - $2,494,000

3 Beds
4 Baths
3,053 Sq Ft
$776/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2025

Last sale price $2,400,000 $786 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $16,056 / mo

28 Days on Market

Highlights

  • 75 Feet of Waterfront
  • 1 Boat Dock
  • Fishing Allowed
  • Riverside Elementary School Rated A+
  • In Ground Pool
  • Eat-In Gourmet Kitchen

About This Home

As of August 2025

This stunning lakefront residence, perfectly positioned along the shores of Lake Carnegie, offers panoramic water views, a private dock, and a sparkling pool—transforming everyday life into a year-round retreat. Thoughtfully designed to embrace its extraordinary setting, the home features walls of glass and an open-concept layout that frame picturesque vistas from nearly every room. Architectural elements blend form and function, creating generous spaces ideal for entertaining while maintaining a sense of warmth and intimacy—whether you're hosting a celebration or enjoying a quiet evening by the fireplace. The main level includes a large living room, family room, chef’s kitchen with large island, lake views & access to deck, open dining area, and a secluded study that offers peaceful productivity. Upstairs, the spacious primary suite continues the theme of light and lake views, accompanied by two additional bedrooms. The walk-out lower level expands your living options with a versatile multipurpose area, a workshop, and a full bath. Experience the luxury of living in your vacation home—every day of the year.

Last Agent to Sell the Property

Judith Stier

(609) 924-1600 wendy.merkovitz@foxroach.com BHHS Fox & Roach - Princeton License #7869162 Listed on: 06/20/2025

BHHS Fox & Roach - Princeton

Last Buyer's Agent

Theza Friedman

(609) 799-8181 theza.friedman@cbmoves.com Coldwell Banker Residential Brokerage-Princeton Jct License #RS372041

Coldwell Banker Residential Brokerage-Princeton Jct

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,903

Year Built

  • Built in 1945

Lot Details

  • 20,473 Sq Ft Lot
  • 75 Feet of Waterfront
  • Home fronts navigable water
  • West Facing Home
  • Wood Fence
  • Landscaped
  • Private Lot
  • Secluded Lot
  • Sloped Lot
  • Sprinkler System
  • Front Yard
  • Property is in excellent condition
  • Property is zoned R5

Parking

  • 2 Car Detached Garage
  • 3 Driveway Spaces
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Garage Door Opener
  • On-Street Parking

Property Views

  • Lake
  • Panoramic
  • Scenic Vista

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Brick Front

Interior Spaces

  • 3,053 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Double Hung Windows
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Workshop
  • Attic Fan

Kitchen

  • Eat-In Gourmet Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Stacked Gas Washer and Dryer

Basement

  • Exterior Basement Entry
  • Workshop
  • Basement with some natural light

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • In Ground Pool
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Swimming Allowed
  • 1 Boat Dock
  • Private Dock
  • Deck
  • Patio

Schools

  • Princeton High School

Utilities

  • Central Heating and Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • No Smoking Allowed
  • Tax Lot 00012
  • Assessor Parcel Number 14-05901-00012

Community Details

Overview

  • No Home Owners Association
  • Riverside Subdivision

Recreation

  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,903

Year Built

Built in 1945

Lot Details

0.47 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Habitable Residence: No
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Refrigerator/garage, sailboat, canoe, kayak
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 6/20/2025 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Buildout Allowance: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Cooktop, Dryer - Front Loading, Dryer - Gas, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Oven - Self Cleaning, Oven - Single, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Attic, Attic/House Fan, Bathroom - Soaking Tub, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Ceiling Fan(s), Dining Area, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Skylight(s), Sprinkler System, Store/Office, Walk-In Closet(s), Wood Floors, Kitchen - Gourmet
  • Window Features: Double Hung, Screens, Skylights, Sliding, Storm
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Sliding Glass, Storm
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Office, Recreation Room, Workshop, Primary Bathroom, Full Bath
  • Basement: Yes
  • Basement Type: Daylight, Partial, Outside Entrance, Workshop
  • Laundry Type: Upper Floor, Lower Floor
  • Total Sq Ft: 3053
  • Living Area Sq Ft: 3053
  • Price Per Sq Ft: 786.11
  • Above Grade Finished Sq Ft: 3053
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Access To Pool: No
  • Pool Features: In Ground
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • View: Lake, Panoramic, Scenic Vista
  • View: No
  • Water Access Features: Swimming Allowed, Fishing Allowed, Canoe/Kayak, Private Access
  • Water Access: Yes
  • Water Body Name: Carnegie Lake
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes
  • Fencing: No
  • Water Frontage In Feet: 75

Garage/Parking

  • Garage Spaces: 2.00
  • Attached Garage: No
  • Garage: Yes
  • Open Parking: No
  • Parking Features: Paved Driveway
  • Garage Features: Additional Storage Area, Garage - Side Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: No
  • Electricity On Property: No
  • Heating Fuel: Natural Gas Available, Oil
  • Heating Type: Central, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PRINCETON H.S.

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Crops Included: No
  • Farm Credit Service Incl: No
  • Fencing: Wood
  • Irrigation Water Rights: No
  • Land Lease: No
  • Lot Features: Front Yard, Fishing Available, Landscaping, Private, Secluded, Sloping
  • Lot Size Acres: 0.47
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20473.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Attached Yn: No
  • Property Condition: Excellent
  • Zoning: R5
  • Farmland Preservation: No

Green Features

  • Green Verification: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Pets Allowed: No
  • Rent Control: No
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Property Manager: No
  • Rent Spree Online Application: No

Tax Info

  • Tax Annual Amount: 42903.00
  • Assessor Parcel Number: 14-05901-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Tax Opportunity Zone: No

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: PRINCETON REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2025
Closed on
Aug 4, 2025
Sold by
Wakefield Pamela C
Bought by
Simona Gat Llc
Seller's Agent
Judith Stier
BHHS Fox & Roach - Princeton
Buyer's Agent
Theza Friedman
Coldwell Banker Residential Brokerage-Princeton Jct
List Price
$2,400,000
Sold Price
$2,400,000
Views
45
Current Estimated Value
$2,370,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,685
Avg. Annual Appreciation
-1.79%

Purchase Details

Closed on
Feb 10, 2025
Sold by
Wakefield William K and Wakefield Pamela C
Bought by
Wakefield William K and Wakefield Pamela C

Purchase Details

Closed on
Aug 2, 2005
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Simona Gat Llc $2,400,000 Consolidated Title Group
Wakefield William K -- None Listed On Document
Wakefield William K -- None Listed On Document
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2025 08/11/25 Sold $2,400,000 0.0% $786 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
06/20/2025 06/20/25 For Sale $2,400,000 -- $786 / Sq Ft
Source: Bright MLS

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 $42,904 $1,611,100 $1,233,500 $377,600
2024 $40,503 $1,611,100 $1,233,500 $377,600
2023 $40,503 $1,611,100 $1,233,500 $377,600
2022 $39,182 $1,611,100 $1,233,500 $377,600
2021 $39,295 $1,611,100 $1,233,500 $377,600
2020 $38,989 $1,611,100 $1,233,500 $377,600
2019 $38,215 $1,611,100 $1,233,500 $377,600
2018 $37,571 $1,611,100 $1,233,500 $377,600
2017 $37,055 $1,611,100 $1,233,500 $377,600
2016 $36,475 $1,611,100 $1,233,500 $377,600
2015 $33,536 $1,516,100 $1,138,500 $377,600
2014 $33,127 $1,516,100 $1,138,500 $377,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2061186

Bright MLS

APN: 14-05901-0000-00012

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