1270 Bear Tavern Road

TITUSVILLE, NJ 08560

  • 5,687,629 Sqft
  • 5687629.2
    Sqft(Lot)
$3,450,000

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. also: if one does not want the full 130 acres, the property is being offered for sale as follows: 95.4 acres with the two houses and outbuildings for $2,750,000 (see mls#: njme2025266). buyer will be responsible for the rollback taxes if the farm qualification is not maintained.

  • Property Type

    Land

  • Subdivision

    None Available

  • County

    MERCER

  • Style

    Land

  • AD ID

    40348454

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Property Details

  • Water/Sewer

    • Water Source : Well

  • Building Information

    • Fencing: Split Rail

    Utility Features

    • Sewer: On Site Septic

    Fencing

    • Split Rail

  • Lot Information

    • Lot Size: 5,687,629
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 130.57
    • Main Square Feet: 5,687,629

    Property Information

    • 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

  • Listing Information

    • Possession: Negotiable
    • Days Of Market: 622

  • 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

    Homeowners Association Information

    • Direction: I-295 to Route 579 past Washington Crossing State Park to proprety 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

    Utility Information

    • Water Source: Well
    • Sewer: On Site Septic

    Location Information

    • Location Type: Rural
    • Direction: I-295 to Route 579 past Washington Crossing State Park to proprety 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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BuyOwner last updated this listing 04/29/2024 @ 05:00

  • MLS: NJME2007894
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

Buyer Agency Compensation: 3%
Offer of compensation is made only to participants of the MLS where the listing is filed.

is a Land, with 0 bedrooms which is recently sold, it has 5,687,629 sqft, 5,687,629 sized lot, and 0 parking. are nearby neighborhoods.