131 Acres of Agricultural Land with Home for Sale in Titusville, New Jersey

1270 Bear Tavern Rd, Titusville, NJ 08560

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$3,450,000
130.57 acres
pending saleUnder contract

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.

5,933
Sq feet
3
Beds
3
Full baths
1970
Built

Property details

Coordinates
40.3237, -74.8449
Elevation
223 feet
Date Listed

Property taxes

Year not provided
$34,288

This 130.57-acre property is located at 1270 Bear Tavern Rd in Titusville, NJ 08560 with latitude 40.3237 and longitude -74.8449. The property is currently pending sale for $3,450,000. It has a 5,933 sq ft 3 bedroom, 3 bath house built in 1970.

Verify sale details at the property source or contact Berkshire Hathaway HomeServices Fox & Roach Yardley-Newtown Sales Center at (215) 860-9300.

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Listing checked and updated . Parcel data by Regrid.

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