1270 BEAR TAVERN ROAD

TITUSVILLE, NJ, 08560

$2,955,000

$2,955,000
Active
Active
 - For Sale
beds
3 Beds
baths
3 Baths
property_type
Residential
calendar
Built 1970
This 95.4 acre property has the DEVELOPMENT RIGHTS INTACT and is in Hopewell Township's VRC zone. The property comprises 95.4 acres, two houses and several outbuildings. Most of the property is farm assessed which reduces the property taxes significantly. A local farmer currently grows crops on the land. The future owner of this property could explore developing the land further or selling the development rights. 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 has three bedrooms and two full bathrooms and there are many outbuildings including a three bay garage and six stall barn. 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. Other possibilities for the property that a potential buyer can explore are: **Applying for a minor subdivision to offer each house on separate lots with a driveway easement and the remaining land could be retained for further development. **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 constructing a house of worship. **Explore using the land for a solar farm. **Establish a family compound for multi generational living. These examples of possible uses should be independently verified by the buyer with the township. NOTE: Tax values include the houses on 5 acres and the 90.4 farm assessed acres. Utilities, bed/bath count, etc all pertain to the main house. Should the buyer choose not to maintain the farm assessment they will be responsible for the rollback taxes. In addition to the 95.4 acres there is an adjacent 35 acre parcel available for $995,000 which also maintains its development rights. See MLS# NJME2025270. Both parcels can be purchased together for $3,950,000. See MLS#: NJME2006952.
MLS® ID:
NJME2025266
Updated:
2/5/23
Berkshire Hathaway HomeServices Fox & Roach
Donna M. Murray

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, Stove - Wood, 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
95.4 acres lot
Exterior Features
Outbuilding(s), Patio(s), Above Grade, Below Grade
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
$33730.00
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
Sub Agency Compensation
0
Buyer Agency Compensation
3
Transaction Broker Compensation
1

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

Listing Contact:  

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Data last updated 8:12 PM UTC, 2/5/23

Berkshire Hathaway HomeServices Fox & Roach
Donna M. Murray
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