Concierge Auctions Announces November 7th Auction of One of New Jersey's Most Notable Historic Estates, Sited on Over 23 Acres of Private Grounds Just Outside Princeton University Built in 1773 and meticulously restored and expanded, the Tusculum estate, previously offered for $12 million, will sell to the highest bidder at or above $2.5 million in cooperation with Callaway Henderson Sotheby's International Realty
PRINCETON, N.J., Oct. 2, 2013 /PRNewswire/ -- New York-based Concierge Auctions is pleased to announce the November 7th auction of the Tusculum estate, a historic home in Princeton, New Jersey, offering over 23-acres of beautiful grounds, modern amenities and gracious living. Built by John Witherspoon, a signer of the Declaration of Independence and a close friend to Benjamin Franklin and George Washington, this private oasis pays homage to history while providing contemporary, luxury amenities. Previously offered for $12 million, Tusculum will sell to the highest bidder at or above $2.5 million in cooperation with Judson Henderson of Callaway Henderson Sotheby's International Realty.
"Tusculum is one of the most visually stunning properties I have worked on, and perhaps the most historically significant property in the Princeton area," stated Henderson. "The current owners have put in a tremendous effort to completely renovate this home so that it is extremely practical with modern functionality. With complete privacy and located only about a mile from Princeton University, this is a coveted, one-of-a-kind buying opportunity."
Witherspoon's original home included approximately 5,000 square feet of space, including a study, kitchen, drawing room, parlor and two bedrooms. In 1998, the estate underwent extensive restorations intended to extend the life of this amazing property for the next 100 years. Princeton Architect T. Jeffrey Clarke wrapped the original home with new construction on three sides, designed to blend seamlessly with the existing architecture, while adding all the amenities modern homeowners expect. The existing home now boasts 9,235 square feet of living; five bedrooms; four full and two half bathrooms; a magnificent, renowned stone barn; and a Cape Cod cottage with two bedrooms and 1 full and 1 half bathrooms — all surrounded by 60 acres of protected land.
The new construction envelopes the original home and brings contemporary living to a historic setting. The gourmet kitchen is equipped with the most modern of amenities featuring two work stations, Kinawa Rose granite counters and a beautiful new pewter grey, insulated, gas-fired, cast iron AGA stove and oven. The basement has been finished with a 2,000-bottle custom mahogany wine cellar adjoined to a tasting room, complete with a cigar mitigating exhaust fan, a fireplace and a rare Palladium red granite countertop with marble bubbles.
The home is made of Argillite shale, the same stone used in Princeton University's legendary Nassau Hall. It is located only one mile door-to-door from the Hall and is deeply connected to the University as the home of its sixth president, John Witherspoon. Convenient to everything, the property is minutes from the town center and Junction train station. Approximately 50 miles from New York City and Philadelphia, Princeton has a charming, small-town feel with notable restaurants, a vibrant intellectual atmosphere and easy access to the hub of Manhattan.
"The Moore family is very excited to work with Sotheby's and Concierge Auctions on the November auction of our beautiful, peaceful home which we have loved so much," stated the seller, Avril Moore. "We are the fourteenth owner of Tusculum and have been honored to be a part of this property's legacy, which has embraced laughter and learning, little lambs and apple orchards for 240 years."
"We are thrilled to once again be working with Jud Henderson, particularly on the sale of such a pedigreed historic estate," stated Laura Brady, President of Concierge Auctions. "We carefully choose to represent the most unique and luxurious properties in the country and engage discerning buyers who value their quality. The historic significance of Tusculum, coupled with its modern amenities and convenient, coveted location, make it an ideal property for our auction process."
The auction of the Tusculum estate, located at 166 Cherry Hill Road Princeton, New Jersey, will be held live on November 7th. A 2.25% commission is offered to the buyer's representing broker. The property will be open 1-4pm daily and by appointment. See Auction Terms and Conditions for full details. For more information, visit PrincetonEstateAuction.com, call 877.751.8051 or join the social discussion at#PrincetonEstate.
About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-net-worth sellers nationwide through an accelerated marketing process that obtains fair market value for unique, high-end properties in a 60-day timeframe. The company has executed auctions in 25 U.S. states from New York to Hawaii, typically valued between $2.5 million and $20 million, and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all U.S. states and 109 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury properties over the past 10 years. The firm has sold over $400 million in properties since its founding in 2008. For more information, call 888-966-4759 or visit ConciergeAuctions.com.
This property is listed for sale by Callaway Henderson Sotheby's International Realty (0120171) - 4 Nassau Street, Princeton, NJ, 08542 (609) 921-1050. Listing agent Judson Henderson, a licensed New Jersey Broker Salesperson (9231366). Concierge Auctions, LLC is a marketing service provider for auctions, is not a brokerage, and is not directly involved in selling real property. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions, LLC, its agents and affiliates, broker partners, auctioneer, and sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials. This is not meant as a solicitation for listings. Brokers are fully protected and encouraged to participate. See Auction Terms & Conditions for full details. ©2008 Sotheby's International Realty Affiliates LLC. All Rights Reserved. Sotheby's International Realty and the Sotheby's International Realty logo are registered (or unregistered) service marks used with permission. Each Sotheby's International Realty office is independently owned and operated. Neither Sotheby's, Sotheby's International Realty Affiliates LLC nor any of their affiliated companies is providing any product or service in connection with this auction event.
SOURCE Concierge Auctions