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Karen Scarpa

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Pending

1270 BEAR TAVERN RD Titusville, NJ 08560

130.57 Acres Lot

UPDATED:

10/23/2024 02:37 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending

Purchase Type For Sale

Subdivision None Available

MLS Listing ID NJME2007894

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $34,288

Tax Year 2022

Lot Size 130.570 Acres

Acres 130.57

Lot Dimensions 0.00 x 0.00

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.

Location

State NJ

County Mercer

Area Hopewell Twp (21106)

Zoning VRC

Interior

Inclusions refrigerator, washer, dryer

Exterior

Fence Split Rail

Waterfront N

Water Access N

View Pasture, Trees/Woods

Garage N

Building

Lot Description Cleared, Front Yard, Irregular, Partly Wooded, Rear Yard, SideYard(s), Stream/Creek, Subdivision Possible, Unrestricted, Vegetation Planting, Open, Road Frontage, Rural

Sewer On Site Septic

Water Well

Schools

Elementary Schools Bear Tavern

Middle Schools Timberlane

High Schools Central

School District Hopewell Valley Regional Schools

Others

Tax ID 06-00062-00003

Ownership Fee Simple

SqFt Source Estimated

Horse Property Y

Horse Feature Horses Allowed

Special Listing Condition Standard

Listed by Jennifer Tome-Berry • BHHS Fox & Roach - Princeton

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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East Brunswick, NJ

Karen Scarpa

Karen Scarpa

1270 BEAR TAVERN RD Titusville, NJ 08560

Key Details

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Interior

Exterior

Building

Schools

Others

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