505 Prospect Avenue Princeton, NJ $ 1,350,000
505 Prospect Avenue
$ 1,350,000
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505 Prospect Avenue

Princeton, NJ, 08540
$ 1,350,000
Bedrooms4 Baths2.1 Sq 2,338

Monthly Estimate*

$ 8,312

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Single Family Home for sale in Princeton, NJ

for $1,350,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,338 square foot home was built in 1962 on a lot size of 0.58.

Hidden away on well over a half-acre along one of Princetons most coveted streets, just seconds from Riverside School and Carnegie Lake, this architecturally distinct mid-century modern offers privacy and potential. An oversized carport with a peaked roof presents a striking first impression and a sheltered welcome. The centerpiece of the interior is the dramatic living room, where one wall rises in soaring glass and the other is anchored by a double-sided fireplace shared with the den. A powder room serves guests near the nicely sized kitchen, which flows out to a stone-floor screened porch. The main-level primary wing includes a quiet study, while the upper floor hosts a second suite, two additional bedrooms and a hall bath, all washed in sunlight passing through clerestory windows. Wood floors and fresh white paint run throughout most of the interior. A shed and basement storage lend practicality. While the house is ready for thoughtful updates, the lot and location alone make this a rare opportunity. Some images are virtually staged.

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Single Family Coming Soon

Price

$ 1,350,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 21,052

Style

Mid-Century Modern

Lot Size

0.58

Year Built

1962

Town/City

Princeton

County/Region

Mercer

MLS | Web ID

NJME2073714

Features
General
Living Area 2338
Sewer Public Sewer
Heating Forced Air Baseboard - Electric
Cooling Central A/C Window Unit(s)
Possession Negotiable
Appliances Built-In Microwave Cooktop Dishwasher Oven - Single Oven - Wall Refrigerator
Zoning R5
Patio/Porch Features Patio(s)
Architectural Style Mid-Century Modern
Construction Materials Wood Siding
School District PRINCETON REGIONAL SCHOOLS
Exclusions TBD
Year Built 1962
Levels 2.5
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PRINCETON
Accessibility None
County MERCER
New Construction N
Property Type Residential
HOA N
Subdivision Name RIVERSIDE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status COMING SOON
Directions Nassau Street to Riverside Drive to Prospect Avenue
City PRINCETON
Senior Community Y/N N
MLS Area Princeton (21114)
Lot Size Units Square Feet
Lot Size Square Feet 25265.00
Tax Annual Amount 21052.0
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 577.42
Vacation Rental Y/N N
Virtual Tour https://players.brightcove.net/5699924528001/default_default/index.html?videoId=6391143783112
Standard Status Coming Soon
Year Built Source Assessor
Tax Lot 00016
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Interior
Interior Amenities Bathroom - Stall Shower Bathroom - Tub Shower Built-Ins Dining Area Kitchen - Island Primary Bath(s) Recessed Lighting Skylight(s) Walk-in Closet(s)
Heating Fuel Natural Gas
Basement Partial
Total Fireplaces 1
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Window Features Skylights Transom
Fireplace Y/N Y
Above Grade Finished Area 2338
Half Baths 1
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 0
Room Type Living Room Dining Room Primary Bedroom Bedroom 2 Bedroom 3 Bedroom 4 Kitchen Study Office Primary Bathroom Screened Porch
Main Level Bedrooms 1
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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Exterior
Pool No Pool
Water Source Public
Inclusions TBD
Type of Parking Attached Carport Driveway
Foundation Details Block
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.58
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 558000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 505
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* Excluded Features
List By
Callaway Henderson Sotheby's Int'l-Princeton

Broker

jhenderson@callawayhenderson.com

Email

Affordability Calculator

$10,067
Per Month
83%
17%
0%
Monthly Principal & Interest
$8,312
Monthly Property Taxes
$1,754
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5074786 Elementary School
3539476 Middle School
Princeton High School High School
Pricing History
DatePricePrice ChangeDescription
3/18/2026$1,350,000 Listed Price

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505 Prospect Avenue, Princeton, NJ, 08540 is a Single Family Home for sale at $1,350,000 with 2,338 sqft and a lot size of 0.58. 505 Prospect Avenue has 4 bedrooms, 2.1 baths, and was built in 1962. The property's zip code is 08540 which is in Princeton, NJ