Views
Address
1270 Bear Tavern Road Titusville, NJ
Price
$ 4,349,000
Property Attributes
  • MLS#NJME2007894
  • TypeLand
  • CountyMERCER
  • CityTitusville
  • AreaHopewell Twp
  • Zip08560
  • StyleAgriculture
  • Taxes$ 33459
  • Price$ 4,349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size130.57 Acres
Listing Provided Courtesy Of:
BHHS Fox & Roach - Princeton
Data Source:
Bright MLS
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.

Elementary School Middle School High School
Bear Tavern Elementary School Timberlane Middle School Central High School
Price History
12/2/2021 Listed $4,349,000

General Features

Additional Parcels Y/N Yes
Association Y/N No
Condo/Coop Association Y/N No
County MERCER
Current Use Agriculture
Days on Market 53
Elementary School BEAR TAVERN
High School CENTRAL
Location Type Rural
Lot Size Square Feet 5687629.20
MLS Area Hopewell Twp (21106)
Middle/Junior High School TIMBERLANE
Municipality HOPEWELL TWP
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 0.76
Property SubType Land
Property Type Land
School District HOPEWELL VALLEY REGIONAL SCHOOLS
School District 300200397266
Sewer On Site Septic
Subdivision Name NONE AVAILABLE
Tax Annual Amount 33459.0
Tax Year 2020
Vacation Rental Y/N No
View Pasture, Trees/Woods
Water Access Y/N No
Zoning VRC

Exterior Features

Fencing Split Rail
Horse Amenities Horses Allowed
Horse Y/N Yes
Inclusions refrigerator, washer, dryer
Lot Dimensions 0.00 x 0.00
Lot Features Cleared, Front Yard, Irregular, Partly Wooded, Rear Yard, SideYard(s), Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting, Open, Road Frontage, Rural
Lot Size Acres 130.57
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No
Water Source Well
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 08560

Price
AVG $2.21M
$4.35M
Taxes
AVG $17,202
$33,459
Visits
AVG 26
48

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