1270 Bear Tavern Road
1270 Bear Tavern Road
$3,450,000
3
3
—
—
—
Pending
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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...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.
- Listed by Jennifer Tome-Berry • BHHS Fox & Roach - PrincetonP: 6093525232 jennifer.tome@foxroach.com
Property Details for 1270 Bear Tavern Road
Tax ID Number
06-00062-00003
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeDetached
StyleRanch/Rambler, Farmhouse/National Folk, Colonial
Levels/Stories1
WaterfrontNo
Location
LISTING UPDATED: 04/17/2024 01:40 PM
Property Details for 1270 Bear Tavern Road
Status | Pending |
---|---|
MLS # | NJME2006952 |
Days on Market | 643 |
Taxes | $34,288 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Fee Simple |
Year Built | 1970 |
Lot Size | 130.57 AC / 5,687,629 SF |
County | Mercer County |
Location
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Building Information for 1270 Bear Tavern Road
Stories1Year Built1970Building Size-Lot Size130.57 AC / 5,687,629 SF
Payment Calculator
$21,685 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1270 Bear Tavern Road
Property History for 1270 Bear Tavern Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1270 Bear Tavern Road
Taxable ValueLand$324,000Additions$747,100Total$1,071,100
Tax Record2022$32,058 ($2,672 / month)
Home Facts
Beds0Total Finished SqFt5,933 SqFtAbove Grade Finished SqFt5,933 SqFtStories1Lot Size217,800 SqFtStyleMiscellaneous ResidentialYear Built1800ZoningVRCCountyMERCERAPN06 00062-0000-00003
Schools near 1270 Bear Tavern Road
This home is within Hopewell Valley Regional School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Bear Tavern Elementary School PublicPK to 5 | ||
Timberlane Middle School Public6 to 8 | ||
Central High School Public9 to 12 | ||
Toll Gate/Grammar Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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