
240 LIBRARY PLACE, PRINCETON, NJ 08540
WESTERN · MERCER County
Key Facts
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
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Laundry
Patio
Lot Features
Construction
Foundation
Roof
Windows
Security
Sewer
Water Source
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
Getting Around
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
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 438 WENDOVER DRIVE, PRINCETON, NJ | $2,995,000 | 6 | 6 | 6,545 |
| 215 ELM ROAD, PRINCETON, NJ | $3,275,000 | 6 | 7 | 5,054 |
| 600 PRETTY BROOK ROAD, PRINCETON, NJ | $3,850,000 | 6 | 8 | — |
| 1107 GREAT ROAD, PRINCETON, NJ | $4,189,000 | 6 | 7 | 7,181 |
Moving Cost Estimate
EXIT Agents in PRINCETON
Listing Courtesy: Callaway Henderson Sotheby's Int'l-Princeton - 6099211050














