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1270 Bear Tavern Road

TITUSVILLE, NJ 08560
  • $4,349,000
  • STATUS: Active
  • ON SITE: 173 Days
  • MLS #: NJME2007894
UPDATED: 50 min ago
$4,349,000
  • 0
    BEDS
  • 130.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

Description

AMAZING OPPORTUNITY to purchase this 130+ acre property in the VRC zone with the DEVELOPMENT RIGHTS INTACT. The land being sold consists of two parcels: Block 62 Lot 2.02 with 35.17 acres and Block 62 Lot 3 which includes 95.4 acres, two houses and several outbuildings. Both parcels are currently farm assessed, reducing the property taxes. The future owner of this property could explore developing the land further or selling the development rights of one or both parcels. According to the 2020 Mercer County Master Plan these parcels are targeted farms for preservation (documents available upon request). Many of the surrounding properties have already been preserved and are protected by conservation easements. Another option for the property is to create a family compound. The main house was built in the late 1960s/early 1970s and is a ranch style home with three bedrooms, three full bathrooms, vaulted ceilings and amazing views of the surrounding land. Other features include a custom eat-in kitchen, formal dining room, living room with built-in shelving, primary bedroom suite with ample closet space, three car garage, three fireplaces, inground pool and whole house generator. The farmhouse consists of three bedrooms and two full bathrooms and there are many outbuildings including a three bay garage and six stall barn. Other possibilities for the property that can be explored are: ** Selling the development rights of the 35.17 acre parcel, retaining a building envelope and selling it since it is deeded separately. **The 95.4 acre parcel could potentially undergo a minor subdivision to offer each house on separate lots with a driveway easement and the remaining land could be retained for further development. **Sell off the two homes and explore developing the remaining land. **Developing the property for equestrian use, turning it into a vineyard or use it for other agricultural purposes. This large tract of land is part of the Hopewell Valley Regional School District and is centrally located on a County Road close to I-295, Route 31 and the Mercer County Airport. NOTE: Square footage is from tax record and is assumed to be the square footage of main house and farmhouse. Year built of 1800 in tax record is assumed to be the farmhouse. Tax values are all of the lots combined.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-25T20:51:33.39.
www.sellwithsikora.com/homes/123694379
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1270 Bear Tavern Road TITUSVILLE, NJ 08560

  • Price: $4,349,000
  • Status: Active
  • On Site: 173 Days
  • Updated: 50 min ago
  • MLS #: NJME2007894
0
Beds
0
Baths
0
½ Baths
130.57
Acres
Neighborhood:
None Available
County:
Mercer
Area:
Hopewell Twp (21106)
Elementary School:
Bear Tavern
Middle School:
Timberlane
High School:
Central
School District:
Hopewell Valley Regional Schools
Property Description
AMAZING OPPORTUNITY to purchase this 130+ acre property in the VRC zone with the DEVELOPMENT RIGHTS INTACT. The land being sold consists of two parcels: Block 62 Lot 2.02 with 35.17 acres and Block 62 Lot 3 which includes 95.4 acres, two houses and several outbuildings. Both parcels are currently farm assessed, reducing the property taxes. The future owner of this property could explore developing the land further or selling the development rights of one or both parcels. According to the 2020 Mercer County Master Plan these parcels are targeted farms for preservation (documents available upon request). Many of the surrounding properties have already been preserved and are protected by conservation easements. Another option for the property is to create a family compound. The main house was built in the late 1960s/early 1970s and is a ranch style home with three bedrooms, three full bathrooms, vaulted ceilings and amazing views of the surrounding land. Other features include a custom eat-in kitchen, formal dining room, living room with built-in shelving, primary bedroom suite with ample closet space, three car garage, three fireplaces, inground pool and whole house generator. The farmhouse consists of three bedrooms and two full bathrooms and there are many outbuildings including a three bay garage and six stall barn. Other possibilities for the property that can be explored are: ** Selling the development rights of the 35.17 acre parcel, retaining a building envelope and selling it since it is deeded separately. **The 95.4 acre parcel could potentially undergo a minor subdivision to offer each house on separate lots with a driveway easement and the remaining land could be retained for further development. **Sell off the two homes and explore developing the remaining land. **Developing the property for equestrian use, turning it into a vineyard or use it for other agricultural purposes. This large tract of land is part of the Hopewell Valley Regional School District and is centrally located on a County Road close to I-295, Route 31 and the Mercer County Airport. NOTE: Square footage is from tax record and is assumed to be the square footage of main house and farmhouse. Year built of 1800 in tax record is assumed to be the farmhouse. Tax values are all of the lots combined.
Exterior Features

Fencing Split Rail Garage YN No Horse Amenities Horses Allowed Location Type Rural Lot Features ClearedFront YardIrregularPartly WoodedRear YardSideyard(S)Stream/CreekSubdivision PossibleUnrestrictedVegetation PlantingOpenRoad FrontageRural Riparian Rights YN No View PastureTrees/Woods Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Inclusions RefrigeratorWasherDryer

Property Features

Assessment Year 2021 Association YN No Central Air YN No Condo YN No Construction Completed YN No Cross Street In Between Church Rd And Pleasant Valley Rd Current Use Agriculture Horse YN Yes Municipality Hopewell Twp Navigable Water YN N Original MLSNumber 801223404848 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Land Sale Type Standard Sewer On Site Septic Tax Annual Amount 33458.86 Tax Assessment Amount 1120900.00 Transportation Airport Less Than 10 Miles Vacation Rental YN No Water Source Well Zoning Vrc

Listing courtesy of Bhhs Fox & Roach - Princeton.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-25T20:51:33.39.
 
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28 Valley Rd Suite 1
Montclair NJ, 07042