1270 BEAR TAVERN ROAD

TITUSVILLE, NJ, 08560

$3,950,000

$3,950,000
Active
Active
 - For Sale
property_type
Land
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.
MLS® ID:
NJME2007894
Updated:
12/6/22

Exterior/Building Features

Lot Size
130.57 acres lot
Lot Details
Cleared, Front Yard, Irregular, Partly Wooded, Rear Yard, Side Yard(s), Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting, Open, Road Frontage, Rural
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
No
Parking
N
View
Y
County
MERCER
Water Source
Well
Pool
No
Zoning
VRC

Property History

Date
Event
Price
Value
9/20/22
Price Change
$3,950,000
-9%

Courtesy of BHHS Fox & Roach - Princeton, Jennifer Tome-Berry

Listing Contact:  

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Data last updated 12:42 AM UTC, 12/6/22

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