87 Library Place Princeton, NJ 08540
Estimated payment $30,704/month
Highlights
- Eat-In Gourmet Kitchen
- Commercial Range
- Wolf Appliances
- Community Park Elementary School Rated A+
- Curved or Spiral Staircase
- Vaulted Ceiling
About This Home
Once a grand 19th-century brick mansion, this Gilded Age Princeton original has undergone an
extraordinary metamorphosis at the hands of design visionary Bela Rossmann of Polo Design
Build. Reimagined from top to bottom, the home is now a tour de force of 21st-century
modernism layered over old-world craftsmanship. Rossmann’s reworking doesn’t erase the
past, it enhances it. What was once formal is now fluid, and what was once historic is now
timeless. Original woodwork is preserved alongside striking new elements like flat-panel walnut
cabinetry, custom Italian lighting, and bold marble accents. In the redesigned kitchen, solid
walnut drawers glide under striking quartz counters and a Sub-Zero suite anchors the space,
while an 8-burner Wolf range presides beneath a sleek hood. A central hall with herringbone
floors and timeless circular stairs with bespoke custom-designed 14 glass pendants beneath a
leaded glass skylight gives way to a paneled library and den with hidden shelving and a bright,
elegant dining room. The former ballroom now serves as a vaulted-ceiling great room, with
multiple seating arrangements allowing the space to be comfortable for a small gathering or a
grand entertainment space, that opens to two garden spaces, one featuring a brick courtyard
with the other, redesigned gardens and lawn edged in clipped Hawthorne tree hedges. There
are eight fireplaces and 14 separate climate zones, making comfort as customizable as the
design. The primary suite is nothing short of a private wellness retreat, complete with two
spa-like bathrooms, a marble-clad tub room, a shower room with an oversized shower controlled
by an electronic keypad, heated floors, and a dressing room worthy of a fashion editorial. Four
additional bedrooms include two guest suites and a pair of mirror-image bedrooms connected
by a Jack-and-Jill bath. A sunny multipurpose room with exposed brick and skylights serves as
this home’s kick-back-and-relax space near a handy second staircase leading to an organized mudroom and the heated two-car garage. Every detail has been touched, yet the soul of this
home remains intact. An impeccable vision and design executed to the Nth degree.
Listing Agent
(609) 915-5645 sdimeglio@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton License #9702048 Listed on: 05/16/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $59,150
Year Built
- Built in 1860
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 100.00 x 200.00
- Property is in excellent condition
- Property is zoned R1
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Side Facing Garage
Home Design
- Transitional Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Curved or Spiral Staircase
- Dual Staircase
- Built-In Features
- Vaulted Ceiling
- Recessed Lighting
- 7 Fireplaces
- Marble Fireplace
- Fireplace Mantel
- Gas Fireplace
- Mud Room
- Entrance Foyer
- Great Room
- Den
- Library
- Bonus Room
- Storage Room
- Laundry Room
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Gas Oven or Range
- Commercial Range
- Six Burner Stove
- Built-In Range
- Microwave
- Dishwasher
- Wolf Appliances
- Kitchen Island
- Upgraded Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Soaking Tub
- Walk-in Shower
Schools
- Community Park Elementary School
- John Witherspoon Middle School
- Princeton High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00007
- Assessor Parcel Number 14-00012 01-00007
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 | $59,151 | $1,748,000 | $810,000 | $938,000 |
| 2024 | $64,927 | $2,221,200 | $810,000 | $1,411,200 |
| 2023 | $64,927 | $2,582,600 | $810,000 | $1,772,600 |
| 2022 | $62,809 | $2,582,600 | $810,000 | $1,772,600 |
| 2021 | $62,990 | $2,582,600 | $810,000 | $1,772,600 |
| 2020 | $62,499 | $2,582,600 | $810,000 | $1,772,600 |
| 2019 | $61,259 | $2,582,600 | $810,000 | $1,772,600 |
| 2018 | $59,077 | $2,533,300 | $810,000 | $1,723,300 |
| 2017 | $58,266 | $2,533,300 | $810,000 | $1,723,300 |
| 2016 | $57,354 | $2,533,300 | $810,000 | $1,723,300 |
| 2015 | $56,037 | $2,533,300 | $810,000 | $1,723,300 |
| 2014 | $55,353 | $2,533,300 | $810,000 | $1,723,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | Price Changed | $4,900,000 | -3.9% | -- | |
| 09/12/2025 09/12/25 | Price Changed | $5,100,000 | -11.3% | -- | |
| 06/26/2025 06/26/25 | Price Changed | $5,750,000 | -0.9% | -- | |
| 05/16/2025 05/16/25 | For Sale | $5,800,000 | +241.2% | -- | |
| 06/14/2024 06/14/24 | Sold | $1,700,000 | -13.9% | -- | View Prior Sale |
| 06/11/2024 06/11/24 | Price Changed | $1,975,000 | 0.0% | -- | |
| 06/11/2024 06/11/24 | For Sale | $1,975,000 | -1.0% | -- | |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- | |
| 02/01/2024 02/01/24 | Price Changed | $1,995,000 | -11.3% | -- | |
| 11/16/2023 11/16/23 | Price Changed | $2,250,000 | -10.0% | -- | |
| 06/02/2023 06/02/23 | For Sale | $2,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $1,700,000 | Tohickon Settlement Services | |
| Executors Deed | $1,700,000 | Tohickon Settlement Services |
Source: Bright MLS
MLS Number: NJME2054086
APN: 14-00012-01-00007
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