$3,210,867
$3,450,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
1270 BEAR TAVERN RD Titusville, NJ 08560
3 Beds
3 Baths
130.57 Acres Lot
Key Details
Sold Price $3,210,867
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID NJME2006952
Sold Date 11/22/24
Style Ranch/Rambler,Farmhouse/National Folk,Colonial
Bedrooms 3
Full Baths 3
HOA Y/N N
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $34,288
Tax Year 2022
Lot Size 130.570 Acres
Acres 130.57
Lot Dimensions 0.00 x 0.00
Property Description
This 130+ acre property has the DEVELOPMENT RIGHTS INTACT and is located in Hopewell Township's VRC zone. 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 for preservation (documents available upon request) since many of the surrounding properties are preserved and protected by conservation easements. The structures are on the 95.4 acre parcel and consist of the one level main house, a farmhouse and several outbuildings. 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 beautiful 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 comprises 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 a potential buyer can explore 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 agricultural purposes such as building an equestrian facility, creating a vineyard, growing crops or raising animals on a larger scale. **Possibly construct a house of worship. **Explore using the land for a solar farm. **Establish a family compound for multi generational living. This property is located in 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 for a combination of the two parcels. The examples of possible uses for the property mentioned above should be independently verified by the buyer with the township. Buyer will be responsible for the rollback taxes if the farm qualification is not maintained.
Location
State NJ
County Mercer
Area Hopewell Twp (21106)
Zoning VRC
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Laundry, Office, Bathroom 1, Bathroom 2, Primary Bathroom
Basement Partial
Main Level Bedrooms 3
Interior
Interior Features Built-Ins, Carpet, Cedar Closet(s), Ceiling Fan(s), Central Vacuum, Crown Moldings, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Primary Bath(s), Skylight(s), Bathroom - Stall Shower, Bathroom - Tub Shower, Walk-in Closet(s), Wood Floors, Stove - Wood, Entry Level Bedroom
Hot Water Electric
Heating Baseboard - Electric
Cooling Central A/C
Flooring Ceramic Tile, Carpet, Wood
Fireplaces Number 3
Fireplaces Type Wood, Brick, Stone
Equipment Built-In Microwave, Central Vacuum, Cooktop, Dishwasher, Dryer, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Fireplace Y
Appliance Built-In Microwave, Central Vacuum, Cooktop, Dishwasher, Dryer, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Heat Source Electric
Laundry Main Floor
Exterior
Exterior Feature Patio(s)
Garage Garage - Side Entry, Garage Door Opener, Oversized, Inside Access
Garage Spaces 11.0
Fence Split Rail
Pool Concrete, In Ground
Water Access N
View Pasture, Trees/Woods
Accessibility None
Porch Patio(s)
Attached Garage 3
Total Parking Spaces 11
Garage Y
Building
Lot Description Cleared, Front Yard, Open, Rear Yard, Rural, SideYard(s), Road Frontage, Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting
Story 1
Foundation Block
Sewer On Site Septic
Water Well
Architectural Style Ranch/Rambler, Farmhouse/National Folk, Colonial
Level or Stories 1
Additional Building Above Grade, Below Grade
Structure Type Vaulted Ceilings
New Construction N
Schools
Elementary Schools Bear Tavern
Middle Schools Timberlane
High Schools Central
School District Hopewell Valley Regional Schools
Others
Senior Community No
Tax ID 06-00062-00003
Ownership Fee Simple
SqFt Source Estimated
Horse Property Y
Horse Feature Horses Allowed
Special Listing Condition Standard
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Bought with Jennifer Tome-Berry • BHHS Fox & Roach - Princeton