Middlesex, Union & Mercer Counties, NJ and Surrounding Areas

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1270 Bear Tavern Rd
Titusville, NJ 08560
MLS# NJME2006952 ID: 73537559
3 BR • 3 BA • 5933 sq.ft.
$4,349,000
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Property Description
Single-Family - TITUSVILLE, NJ 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
Property Features
Status
Days On Market 279 days
Last Updated August 11, 2022
Market Status Available
Description
Property Type Single Family Home
Year Built 1970
Bedrooms 3
Bathrooms 3 full
Approx. Lot Size 130.57 Acres
Sq. Feet 5933
Appliances
Central Vacuum
Cooktop
Building Features
Heating System Baseboard
Central Air
Skylight
Heating Fuel Electric
Exterior Features
Parking 3 spaces
Interior Features
Ceiling Fan
Floors Carpet; Tile - Ceramic; Wood
Legal/Financial
Taxes 33458.86
Listing Features
Property Type Single-Family Home
Room Details
Additional Areas Bedroom; Bedroom; Bedroom; Full Bath; Full Bath; Full Bath
Other Features
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Offered By:
Jennifer Tome-Berry
Berkshire Hathaway HS F&R

Data Provided by Berkshire Hathaway HomeServices Fox & Roach

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