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240 LIBRARY PLACE, PRINCETON, NJ 08540

WESTERN · MERCER County

Key Facts

7Beds
8Baths
1840Year Built
1.05Lot (acres)
3Garage

Description

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.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Structure Type

House

Year Built

1840

Lot Size

1.05 acres

Lot Dimensions

0.00 x 0.00

Garage Spaces

3

Parking Spaces

3

Zoning

RESIDENTIAL

Days on Market

1

MLS® Listing#

NJME2078410

Property Features

Interior

Eat-in KitchenCedar Closet(s)PantryRecessed LightingWalk-In Closet(s)Ceiling Fan(s)Vaulted Ceiling(s)High CeilingsBuilt-in FeaturesBarCrown MoldingSoaking Tub

Exterior

Balcony

Appliances

Double OvenOvenGas Water HeaterCooktopDishwasherRefrigeratorDryerStainless Steel Appliance(s)Washer

Cooling

Central AirCeiling Fan(s)ZonedGas

Heating

Natural GasForced AirZoned

Flooring

WoodCeramic TileMarble

Basement

Unfinished

Pool

In GroundPrivate

Parking

GravelGarageDrivewayInside EntranceAttached

Laundry

Laundry Room

Patio

Patio

Lot Features

Corner LotLevelFront YardBack Yard

Construction

Stucco

Foundation

Block

Roof

MetalSlate

Windows

Skylight(s)Window CoveringsWindow Treatments

Security

Security System

Sewer

Public Sewer

Water Source

Public

Rooms

  • Main
  • Main
  • Main
  • Main
  • Bedroom
  • Bedroom 2
  • Bedroom 3
  • Bedroom 4
  • Bedroom 5
  • Dining RoomMain
  • Exercise Room
  • Family RoomMain
  • Great RoomMain
  • KitchenMain
  • Laundry
  • LibraryMain
  • Living RoomMain
  • Office

Schools

Middle:
PRINCETON
High:
PRINCETON
District:
PRINCETON REGIONAL SCHOOLS

Financial Details

HOA

None

Annual Taxes

$81,282

Tax year 2025

Assessed Value

$2,560,000

Parcel Number

14-00005 02-00022

Directions

Stockton Street to Library Place.

Affordability Calculator

$735,000

Estimated monthly payment

$19,560/mo

Principal $2,940,000 · Est. interest $4,101,562 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in PRINCETON, NJ

$993,750
Median Listing Price
51
Median Days on Market
2,260
Median Sq Ft
$415
Median Price / Sq Ft
153
Active Listings
  • This home’s price is 270% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in PRINCETON, NJ.

Location

Map showing the location of 240 LIBRARY PLACE, PRINCETON, NJ 08540

Getting Around

Walk
Bike

Points of Interest in PRINCETON, NJ

Showing the PRINCETON area map.

Nearby Schools

  • Princeton Nursery School

    School · 0.4 mi away

  • The Lewis School of Princeton

    Secondary · 0.4 mi away

  • Nassau Nursery School

    Elementary · 0.5 mi away

  • Community Park

    Elementary · 0.6 mi away

  • Johnson Park School

    Elementary · 0.7 mi away

  • Cherry Hill Nursery School

    Elementary · 0.8 mi away

  • Princeton Public Schools

    School · 0.8 mi away

  • St Paul Roman Catholic School

    Secondary · 1.0 mi away

  • Princeton Middle School

    Secondary · 1.1 mi away

  • Princeton Day School

    Elementary · 1.2 mi away

  • The Hun School of Princeton

    Secondary · 1.2 mi away

  • Stuart Country Day School

    Secondary · 1.3 mi away

  • Princeton Charter School

    Elementary · 1.4 mi away

  • The American Boychoir School

    School · 1.5 mi away

  • University League Nursery School

    School · 1.5 mi away

  • University Now Day Nursery

    Primary School · 1.5 mi away

  • Joan Levin Nursery School

    School · 1.7 mi away

  • The Jewish Center

    Elementary · 1.7 mi away

  • Riverside Elementary School

    Elementary · 1.9 mi away

  • Littlebrook School

    Elementary · 2.0 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
438 WENDOVER DRIVE, PRINCETON, NJ$2,995,000666,545
215 ELM ROAD, PRINCETON, NJ$3,275,000675,054
600 PRETTY BROOK ROAD, PRINCETON, NJ$3,850,00068
1107 GREAT ROAD, PRINCETON, NJ$4,189,000677,181

Moving Cost Estimate

EXIT Agents in PRINCETON

Listing Courtesy: Callaway Henderson Sotheby's Int'l-Princeton - 6099211050

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by BRIGHT. MLS® Listing#NJME2078410. © 2026EXIT Realty®. All rights reserved.