• 1270 Bear Tavern Road TITUSVILLE, NJ 08560

  • $3,450,000
  • 3
    Bed(s)
  • 3.0
    Baths
  • 5,933
    Sq Ft
  • 5687629.2
    Sqft

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.

Property Type :

Residential

Subdivision :

None Available

County :

MERCER

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 3

Master Bedroom Level: 3

Bathroom Information

Total Baths: 3

Full Baths: 3

Laundry Source

Laundry Type : Main Floor

Water/Sewer

Water Source : Well

Room Information

Patio/Porch Features: Patio(s)

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),Stall Shower,Tub Shower,Walk-in Closet(s),Wood Floors,Stove - Wood,Entry Level Bedroom

Exterior Property Features : Outbuilding(s)

Basement Description: Partial

Property Appliances: Built-In Microwave,Central Vacuum,Cooktop,Dishwasher,Dryer,Oven - Wall,Refrigerator,Stainless Steel Appliances,Washer,Water Heater

Fireplace: Wood,Brick,Stone

Heating & Cooling

Cooling: Central A/C

Heating: Baseboard - Electric

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Exterior Features: Outbuilding(s)

Year Built: 1970

Structure: Detached

Fencing: Split Rail

Fireplace: 3

Major Appliances: Built-In Microwave,Central Vacuum,Cooktop,Dishwasher,Dryer,Oven - Wall,Refrigerator,Stainless Steel Appliances,Washer,Water Heater

New Construction: No

Built: 1970

Construction Material: Frame

Foundation/Basement: Block

Architecture: Ranch/Rambler,Farmhouse/National Folk,Colonial

Pool/Private: Yes - Personal

Pool Information

Pool: Yes - Personal

Utility Features

Sewer: On Site Septic

Fencing

Split Rail

Water

Water Heat: Electric

Lot Information

Lot Size: 5,687,629

Dimensions: 0.00 x 0.00

Lot Size (Acres): 130.57

Architectural Style: Ranch/Rambler,Farmhouse/National Folk,Colonial

Main Square Feet: 5,687,629

Property Information

SQ ft: 0

SQ ft (Living Area): 0

Total Lot SQ ft: 5,687,629

View: Pasture,Trees/Woods

Subdivision: NONE AVAILABLE

Appx. Lot Dimensions: 0.00 x 0.00

Total Acreage: 130.57

New Construction: No

Type: Ranch/Rambler,Farmhouse/National Folk,Colonial

Listing Information

Possession: Negotiable

Days Of Market: 643

Tax Information

Annual Tax: $34,288

Tax Year: 2022

Total Taxes Payment Frequency: Quarterly

Possession

Negotiable

Assessment Information

Taxes Assessment Amount: $1,120,900

Virtual Tour

Parking Information

Total Parking Spaces: 11

Parking Type: Attached Garage,Driveway

Parking Features: Asphalt Driveway,Paved Driveway

Has Garage: Y

Garage Type: Garage - Side Entry,Garage Door Opener,Oversized,Inside Access

Garage Space: 3

# of Attached Garage Spaces: 3

Homeowners Association Information

Direction: I-295 to Route 579 past Washington Crossing State Park to property on right. Enter driveway through the white iron gates. Main house is the first house on the left. Continue straight down the driveway to get to the farm house and outbuildings.

School Information

Elementary School: BEAR TAVERN

Middle OR Junior School: TIMBERLANE

High School: CENTRAL

School District: HOPEWELL VALLEY REGIONAL SCHOOLS

Fire Place Information

Total Fire Place: 3

Fire Place Features: Wood,Brick,Stone

Utility Information

Water Source: Well

Sewer: On Site Septic

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Location Type: Rural

Direction: I-295 to Route 579 past Washington Crossing State Park to property on right. Enter driveway through the white iron gates. Main house is the first house on the left. Continue straight down the driveway to get to the farm house and outbuildings.

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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/16/2024 @ 10:51

MLS: NJME2006952
LISTED BY: Jennifer Tome-Berry , BHHS Fox & Roach - Princeton
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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