1270 BEAR TAVERN ROAD

TITUSVILLE, NJ, 08560

$4,349,000

$733 per ft²
$4,349,000
$733 per ft²
Active
Active
 - For Sale
beds
3 Beds
baths
3 Baths
carpenters-square
5,933 ft²
property_type
Residential
calendar
Built 1970
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.
MLS® ID:
NJME2006952
Updated:
8/8/22

Interior Features

Kitchen Appliances
Built-In Microwave, Central Vacuum, Cooktop, Dishwasher, Dryer, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Total Bedrooms
3
Full Bathrooms
3
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, Wood Stove, Entry Level Bedroom
Floor Description
Ceramic Tile, Carpet, Wood
Fireplace
Wood, Brick, Stone
Cooling
Central A/C
Heating
Baseboard - Electric

Exterior/Building Features

Lot Size
130.57 acres lot
Exterior Features
Outbuilding(s)
Architectural Style
Ranch/Rambler, Farmhouse/National Folk, Colonial
Lot Details
Cleared, Front Yard, Open, Rear Yard, Rural, Side Yard(s), Road Frontage, Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting
Sewer
On Site Septic

School Information

School District
HOPEWELL VALLEY REGIONAL SCHOOLS
High School
CENTRAL
Middle/Jr High
TIMBERLANE
Elementary School
BEAR TAVERN

Other Property Details

Area Name
Hopewell Twp (21106)
Taxes
$33458.86
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
3
Parking
Asphalt Driveway, Paved Driveway
View
Y
County
MERCER
Water Source
Well
Pool
No
Pool Description
Concrete, In Ground
Zoning
VRC

Courtesy of BHHS Fox & Roach - Princeton

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Data last updated 7:31 AM UTC, 8/8/22

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