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Princeton 08540
240 LIBRARY PLACE
$3,675,000
● House - For Sale

240 LIBRARY PLACE

PRINCETON, NJ 08540
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
$24,819
Est. Monthly

About This Property

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. The property's tax assessment has been reduced.
Unit Size
-
Days on Market
-
Land Size
1.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$6,774
HOA Dues
-
Year Built
1840

Listed By

Maura Mills
Callaway Henderson Sotheby's Int'l-Princeton

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Last updated: 16 days ago (Bright MLS #NJME2078410)

Price History

Date / Event Date Event Price
Jun 5, 2026 Listed by Callaway Henderson Sotheby's Int'l-Princeton $3,675,000
Listed by Callaway Henderson Sotheby's Int'l-Princeton
Jun 28, 2025 Listed $3,750,000
Listed
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.
Feb 22, 2025 Listed $3,750,000
Listed
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.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Attached, Garage, Gravel Driveway
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 7
Interior Features: Dry Bar, Breakfast Bar, Cedar Closet(s), Crown Molding, Pantry, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Storage, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Primary Bath(s), Butlers Pantry, Skylight(s), Bathroom - Stall Shower, Dining Area, Curved Staircase, Bathroom - Tub Shower, Upgraded Countertops, Window Treatments, Wood Floors, Additional Stairway, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Gourmet
Appliances: Cooktop, Double Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Dryer, Stainless Steel Appliance(s), Washer, Oven - Wall
Flooring Type: Wood, Ceramic Tile, Brick, Marble, Heated
Has Fireplace
Fireplaces: 5
Basement: Unfinished
Exterior Details
Square Footage Source: $0
Security Features: Security System
Architectural Style: Colonial
Year Built Source: Assessor
Year Built: 1840
Levels: 3
Other Structures: Above Grade, Below Grade
Construction Materials: Stucco
Patio and Porch Features: Patio, Balcony
Pool Features: In Ground
Pool is Private
Lot Features: Corner Lot, Level, Front Yard, Rear Yard, SideYard(s)
Lot Size Area: 45738
Lot Size Units: Square Feet
Lot Size Acres: 1.05
Lot Size Square Feet: 45738
Lot Size Dimensions: 0.00 x 0.00
Water Source: Public
Financial Details
Tax Assessed Value: $2,560,000
Tax Annual Amount: $81,282
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Forced Air, Zoned
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1840
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 0
  • Exterior Walls Type: 11
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 7,229
  • Building Area: 7,229
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 7,229
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001050
  • 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 5
  • District: 14
  • Parcel: 14 00005- 02-00022
  • Block: 5.02
  • Lot: 22
  • Municipality: PRINCETON
  • Latitude: 40.3524
  • Longitude: -74.6726

    Address

  • Full Address: 240 Library Pl
  • Address - House Number: 240
  • Address - Street Name: Library
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Princeton
  • Carrier Code: C015
  • 4-Digit Zip Code: 3068
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,719,411

    Market Valuation

  • Market Total Value: $3,174,100
  • Market Land Value: $850,500
  • Market Improvement Value: $2,323,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,174,100
  • Assessed Land Value: $850,500
  • Assessed Improvements Value: $2,323,600

    Sales

  • Current Sale Contract Date: Feb 07, 2005
  • Current Sale Recording Date: Feb 07, 2005
  • Current Sale Price:
  • Current Sale Document Type: 64
  • Previous Sale Recording Date: Sep 14, 1995
  • Previous Sale Contract Date: Sep 01, 1995
  • Previous Sale Amount: $575,000
  • 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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Frequently Asked Questions

When was property at 240 Library Place built and last sold?
The property at 240 Library Place was built in 1840 and last sold on Feb 7, 2005 for $3,350,000.
How much is this home worth?
The estimated value of the home located at 240 Library Place is $3,711,750.
What are some comparable homes to 240 Library Place?
There are currently no comparable homes to 240 Library Place.