Views
Listed By:
BHHS Fox & Roach - Princeton
Address
1270 Bear Tavern Road, Titusville, NJ
Price
$ 3,450,000
Property Attributes
  • MLS#NJME2007894
  • TypePending
  • CountyMERCER
  • CityTitusville
  • AreaHopewell Twp
  • Zip08560
  • StyleAgriculture
  • Taxes$ 34288
  • Price$ 3,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size130.57 Acres
Data Source:
Bright MLS
Property Description

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. Buyer will be responsible for the rollback taxes if the farm qualification is not maintained.

Elementary School Middle School High School
Bear Tavern Elementary School Timberlane Middle School Central High School
Price History
12/4/2023 Listed $3,450,000

General Features

Sewer On Site Septic
Possession Negotiable
Zoning VRC
View Pasture,Trees/Woods
Property SubType Land
Tax Year 2022
Current Use Agriculture
Percent Ownership Fee Simple
Additional Parcels Description In addition to Block 62 Lot 3: 2006-00062-0000-00003-0000Q0096,2006-00062-0000-00002-0002-Q0096
County MERCER
Property Type Land
HOA / Comm Assn No
Subdivision Name NONE AVAILABLE
Water Access Y/N No
Transportation Airport less than 10 miles
Status PENDING
Directions I-295 to Route 579 past Washington Crossing State Park to proprety on right. Enter driveway through the white iron gates. Main house is the first house on the left. Continue straight down the drivewa
ModificationTimestamp 2024-04-17T13:39:50
City TITUSVILLE
Buyer Agent Compensation 3
MLS Area Hopewell Twp (21106)
Lot Size Square Feet 5687629.20
Tax Assessed Value 1120900.0
Waterfront Y/N No
Street Name BEAR TAVERN
Tax Annual Amount 34288.33
Condo/Coop Association Y/N No
Price Per Sq Ft 0.61
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Virtual Tour https://player.vimeo.com/video/642771610
Days on Market 622
Location Type Rural
Standard Status Pending
Buyer Agent Compensation Type % Of Gross

Interior Features

Street Suffix ROAD

Exterior Features

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

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 Pending Average in 08560

Price
AVG $940K
$3.45M
Taxes
AVG $19,358
$34,288
Visits
AVG 194
168
Data Provided by Inside Real Estate®

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