TAKE YOUR PICK: This house on Princeton’s Library Place is one of several in the exclusive Western Section that is currently for sale. (Photo by Charles R. Plohn)
By Anne Levin
There appears to be a glut of seven-figure mansions available in Princeton’s Western Section. No less than five are advertised for sale on Library Place. Four more of these palatial homes, a favorite of gawkers on tours of the town, are up for grabs on Hodge Road, around the corner. A few more have “For Sale” signs on Morven Place and Cleveland Lane.
While changes in the new tax laws, property taxes that can reach more than $60,000, the pending School Board referendum, and changing demographics add in to the equation, local real estate agents say the situation is normal and no crisis is at hand. “It’s a convergence of a few things,” said Judson R. Henderson, whose Callaway Henderson Sotheby’s International Realty is handling a majority of the listings in the neighborhood. “I’m having this conversation a lot, but we are close to deals on a number of them and we recently put one under contract.” more