Princeton, NJ

On a cool summer day we set out to visit Lake Carnegie in Princeton, NJ, hoping to catch a glimpse of the U.S. Olympic Rowers. Lake Carnegie is located just off of Route 27 in Princeton, the home of U.S. Olympic Rowing Team. The national squad trains on Lake Carnegie year round.

In the early 1900's a Princeton alumni was painting the portrate of Andrew Carnegie, a noted businessman and philanthropist and persuaded him to donate money for the lake for use of the Tigers Princeton rowing team. It is a man made lake formed from a dam of the Millstone River.

This particulair early afternoon found the lake quiet except for a single goose floating on the water and a lone woman kayaking and draging her fishing line behind her.

It is a beautiful spot to sit and picnic, fish, or canoe and hopefully another time watch our Olympians practice to bring home the Gold.

Princeton is a great college town, always alive with action.

Princeton University is a beautiful campus with a wide diversity of students and educators.

U.S. today named Princeton University number one of America's best colleges.

The tuition and fees range around $33,000 per year with room and board running an additional $10,980.

The student body has approximately 4,923 undergraduate students. There is no religious affiliation.

The University was founded in 1746 and was chartered as the College of New Jersey, the name it was known for 150 years. It was located in Elizabeth for one year and then Newark for 9 years.

In 1756 it was moved to Princeton and housed in Nassau Hall. Nassau Hall contained the whole college for nearly half a century.

1896 the college obtained university status and was named Princeton University, in honor of its host community, Princeton.

Princeton's Battle Monument is within a stones throw of our Nations office on Nassau Street in Princeton Boro. It sits at the entrance to Boro Hall and is adjacent to Morven.

This beautiful stone monument commemorates the January 3, 1977 Battle of Princeton and depicts General George Washington leading his troops to victory and the death of General Hugh Mercer.

The monument was commissioned in 1908 and designed by sculptor, Frederick MacMonnies of prominent Beaux Art, with the assistance of architect Thomas Hastings.

In 1922 the monument was dedicated and President Warren G. Harding was present. Nighttime illumination was planed; however, it was not until 2007, 85 years later, that the lighting work finally got underway with fundraising from the Princeton Parks Alliance.

In September 2007, the monument was re-dedicated and the lights were turned on for the first time.

This is truly a magnificent monument, one that must be seen up close to truly appreciate.

Luxury Princeton Homes for sale $1.5mlm-$2million

Discriminating buyers of luxury New Jersey real estate, turn to Princeton as one of the towns with a wide array of choices of higher end luxury homes as well as the quality of schools and convenient commute to New York and Philadelphia.

Read New Jersey real estate - Relocating And Living in Princeton

Here is a look at what is available now in Princeton for $1,500,000 - $2,000,000 and a quick overview of the real estate market conditions in this price range. There is also a summary of the homes sold since the beginning of this year in this price range.

Luxury Princeton Real Estate - On The Market Now (Active)

There are 21 Princeton homes for sale on the market now, 5 of them in the Princeton Borough and the rest in the Princeton Township. Homes in the borough tend to be on smaller (usually less than 0.5 acres) lots and are usually older. The 5 available houses now range from $1,550,000 home with 5 bedrooms, 4/1 baths on 0.46 acres in the Princeton Boro to $1,995,000 home with 5 bedrooms, 3/1 baths on almost 3 acres in the Princeton township.

There have been a substantial number of price reductions on many properties in Princeton with 9 luxury homes for sale having already reduced prices.

Luxury Princeton Real Estate - Houses Under Contract

There are currently 6 houses under contract, with half of them having had price reductions before going under contract. People often ask how long does it take to sell a luxury house in Princeton. The number of days on the market ranged from 1 day for a new house to over 300 days on a resale.

Luxury Princeton Real Estate -Prices of Houses Sold

There were 13 houses sold in Princeton since the beginning of 2008, with the following statistics:

Median price sold price was $1,660,000

Median price sold was 8% lower then the listing price

Princeton Real Estate -Houses Sold By Street

These were the Princeton houses sold since the beginning of 2008.

Address Bedrooms Bathrooms Sold Price
64 Battle Rd, Princeton, NJ 4 5.1 $1,575,000
606 Snowden Ln, Princeton, NJ 5 4.2 $1,831,500
10 Walker Dr, Princeton, NJ 5 5.1 $1,570,000
61 Farrand Rd, Princeton, NJ 5 5.2 $1,517,500
19 Derwent Dr, Princeton, NJ 5 5.2 $1,920,000
22 Brearly Rd, Princeton, NJ 4 4.2 $1,561,000
220 Wendover Dr, Princeton, NJ 6 4.1 $1,610,000
633 State Rd, Princeton, NJ 5 5.2 $1,660,000
7 Random Rd, Princeton, NJ 5 5 $1,793,000
581 Lake Dr, Princeton, NJ 5 3 $2,000,000
137 Parkside Dr, Princeton, NJ 4 3.1 $1,650,000
48 Bogart Ct, Princeton, NJ 4 3.1 $1,735,000
251 Bouvant Dr, Princeton, NJ 6 5.1 $1,900,000

Related Articles:

New Jersey Real Estate - Princeton homes for sale $1mln-$1.5mln

New Jersey Real Estate - Princeton homes for sale Under $1million

New Jersey Real Estate - Princeton homes for sale $500K-$700K

Princeton Real Estate - Buyers Market and Multiple Offers

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Please call 609-553-4175 for services in Princeton, Montgomery Township, West Windsor, Plainsboro, Princeton Junction, Hopewell, Pennington, and Lawrenceville New Jersey.New Jersey Real estate, New Jersey homes for sale and/or listing New Jersey homes to sell, relocation services and assistance. Referrals are accepted. Countrywide and international relocation program is available.

Copyright 2008 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

The good news for New Jersey real estate home buyers and people relocating from out of state is that they could find Princeton homes for sale unders $500,000.

One of the first decisions home buyers usually have to make is what town in New jersey they could afford to buy in. For many home buyers the commute and proximity to public transportation are very important as well. Many buyers are surprised, given the perception of Princeton real estate being exclusively higher end more expensive homes, that they can find Princeton homes for sale not just for under $500,000, but even for under $300,000.

One Princeton neighborhood offering homes in this price range is Campbell Woods, located on a scenic Princeton Ridge.

Read: Princeton NJ Real Estate| Campbell Woods Homes & Neighborhood

Princeton homes for sale in this price range tend to be townhouses or single homes with 2-3 bedrooms on smaller lots and the inventory of such homes is not very large. For more information on Princeton homes for sale available under $500,000 please read:

Princeton New Jersey Real Estate Homes And Condos Under $300,000 & $500,000

You can find more information about living and relocating to Princeton:

Princeton NJ Real Estate - About Princeton - Relocating And Living

Princeton NJ Mercer County Real Estate Market Housing Report -First Quarter 2008

Princeton NJ Real Estate Mercer County homes -Housing Market Statistics March 2008

Princeton NJ real estate Mercer County - Buyer Information

Princeton Mercer County NJ Real Estate -Secrets To Buying A Home Like A Realtor

Please call 609-553-4175 for services in Princeton, Montgomery Township, West Windsor, Plainsboro, Princeton Junction, Hopewell, Pennington, and Lawrenceville New Jersey.New Jersey Real estate, New Jersey homes for sale and/or listing New Jersey homes to sell, relocation services and assistance. Referrals are accepted. Countrywide and international relocation program is available.

Copyright 2007 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.