See Home Value
Princeton 08540
166 LIBRARY PL
$4,700,000
● House - Off Market

166 LIBRARY PL

PRINCETON, NJ 08540
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
$4,773,989
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

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!
Unit Size
-
Days on Market
-
Land Size
0.97 acres
Price per sqft
-
Property Type
House
Property Taxes
$4,878
HOA Dues
-
Year Built
2014

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Last updated: 4 years ago (Bright MLS #NJME2022810)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Sold
Sep 24, 2022 Listed by Callaway Henderson Sotheby's Int'l-Princeton $4,500,000
Listed by Callaway Henderson Sotheby's Int'l-Princeton
Oct 12, 2012 Sold
Sold
Apr 1, 2011 Listed by Callaway Henderson Sotheby's Int'l-Princeton $1,095,000
Listed by Callaway Henderson Sotheby's Int'l-Princeton
Wonderful opportunity to purchase a much admired parklike lot in Princeton's desirable western section. Comprised of 2 Princeton Borough lots, this 0.97 acre property can be the site for one house. This offering is for the unimproved lot. Public water and sewer are available in the street. Approved site plan, zoning, building data and house plans are available. Some permits are in place. Purchaser can use the existing plans or get approvals for their own design. Assessment, acreage and taxes are a total of lots 5 and 6 on the Princeton Borough tax maps. Walking distance to Palmer Square, Princeton University, McCarter Theater, the Dinky train station, and Princeton's numerous restuarants.

Property Highlights

Air Conditioning
Fireplace
Elevator

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,253
  • Total Building Area: 5,491
  • Building Area: 5,491
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,491
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000970
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Princeton Public Schools
  • Census Tract: 004502

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 10
  • District: 14
  • Parcel: 14 00010- 02-00005- 01
  • Block: 10.02
  • Lot: 5.01
  • Municipality: PRINCETON
  • Latitude: 40.3496
  • Longitude: -74.6711

    Address

  • Full Address: 166 Library Pl
  • Address - House Number: 166
  • Address - Street Name: Library
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C051
  • 4-Digit Zip Code: 3018
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,836,800

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 69
  • Final Value: 2,839,100
  • High Value: 3,267,693
  • Low Value: 2,410,506

    Market Valuation

  • Market Total Value: $2,400,000
  • Market Land Value: $850,300
  • Market Improvement Value: $1,549,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,400,000
  • Assessed Land Value: $850,300
  • Assessed Improvements Value: $1,549,700

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53610
  • Previous Sale Recording Date: Nov 05, 2012
  • Previous Sale Contract Date: Sep 19, 2012
  • Previous Sale Amount: $995,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Princeton


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Nearby Rentals

Unit for rent at 45 Spring Street, PRINCETON, NJ, 08542

$7,350 /mo

  • 2 Beds
  • 2 Baths
45 Spring Street #4, PRINCETON, NJ, 08542 Listing by Susan L DiMeglio


Frequently Asked Questions

When was property at 166 Library Place built and last sold?
The property at 166 Library Place was built in 2014 and last sold on Nov 22, 2022 for $4,700,000.
How much is this home worth?
The estimated value of the home located at 166 Library Place is $0.
What are some comparable homes to 166 Library Place?
There are currently no comparable homes to 166 Library Place.