1270 BEAR TAVERN RD $4,349,000

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    1270 BEAR TAVERN RD TITUSVILLE, NJ 08560

    • 130.57 Acres
    • Land
    • MLS# NJME2007894
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    Views: 1102 Days On Site: 250

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    Property Details

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    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.

    • General Features
      • Condo Coop Association Y/N N
      • County MERCER
      • HOA Y/N N
      • Municipality HOPEWELL TWP
      • Sale Type Standard
      • Tax Annual Amount 33458.86
      • Tax Year 2021
      • View Pasture, Trees/Woods
      • Water Access Y/N N
      • Waterfront Y/N N
      • Zoning VRC
    • Building Features
      • Current Use Agriculture
      • Garage Y/N N
      • Sewer Septic On Site Septic
    • Property Features
      • Fencing Split Rail
      • Horse Amenities Horses Allowed
      • Lot Features Cleared, Irregular, Partly Wooded, Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting, Open, Rural
      • Lot Size Acres 130.57
      • Lot Size Dimensions 0.00 x 0.00
    • Schools
      • Elementary School BEAR TAVERN
      • High School CENTRAL
      • Middle Or Junior School TIMBERLANE
      • School District HOPEWELL VALLEY REGIONAL SCHOOLS

    Contact

    Mary & John Luca

    Mary & John Luca

    Sales Associate

    BHHS Fox & Roach Hockessin-Pike Creek Home Marketing

    Mobile Phone: 302-740-5872
    • HSA Home Warranty

    Neighborhood

    Market Last 30 Days In This Postal Code

    $487,500 Median Sales Price
    4 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,349,000
        12/2/2021 3:16:00 PM New in Database Source: Multiple Listing Service New Value: $4,349,000

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        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2022 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.