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Kathryn Baxter
Callaway Henderson Sotheby's International Realty
Callaway-Henderson Sotheby's International Realty home

1270 BEAR TAVERN Road
Titusville, New Jersey 08560 United States

$3,950,000
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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...
$3,950,000
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3
Bedrooms
3
Full Bathrooms
5,933 Sq Ft.
Interior
130.57 Acres
Exterior
Single Family Homes
Property type
1970
Year Built
NJME2007446
Web Id
NJME2007446
Unique Reference Number
Hopewell Township
Subdivision
Hopewell Valley Regional
School District
Bear Tavern
Elementary
Timberlane
Middle
Central
High
300
days ago

About 1270 BEAR TAVERN Road

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.

Listing Area: Hopewell Twp

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PROPERTY INFORMATION

Appliances
Microwave, Washer, Dryer, Refrigerator, Stainless Steel Appliances, Water Heater, Dishwasher, Cooktop
Basement
Partial, Unfinished, Interior Access
Cooling
Central A/C
Fireplace Info
Brick, Stone, Wood
Heating
Baseboard - Electric
Parking Description
Asphalt Driveway, Paved Driveway
Sewer
On Site Septic

EXTERIOR

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

INTERIOR

Flooring
Wood, Carpet, Ceramic Tile
Interior Features
Built-Ins, Carpet, Cedar Closet(s), Ceiling Fan(s), Central Vacuum, Crown Moldings, Entry Level Bedroom, Formal/Separate Dining Room, Kitchen - Eat-In, Pantry, Primary Bath(s), Skylight(s), Stall Shower, Tub Shower, Walk-in Closet(s), Wood Floors, Wood Stove
Listing Courtesy of BHHS Fox & Roach - Princeton
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BHHS Fox & Roach - Princeton

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