1270 Bear Tavern Road

Description

This 95.4 acre property has the DEVELOPMENT RIGHTS INTACT and is in Hopewell Township's VRC zone. The property comprises 95.4 acres, two houses and several outbuildings. Most of the property is farm assessed which reduces the property taxes significantly. A local farmer currently grows crops on the land. The future owner of this property could explore developing the land further or selling the development rights. 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 has three bedrooms and two full bathrooms and there are many outbuildings including a three bay garage and six stall barn. 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. Other possibilities for the property that a potential buyer can explore are: **Applying for a minor subdivision to offer each house on separate lots with a driveway easement and the remaining land could be retained for further development. **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 constructing a house of worship. **Explore using the land for a solar farm. **Establish a family compound for multi generational living. These examples of possible uses should be independently verified by the buyer with the township. NOTE: Tax values include the houses on 5 acres and the 90.4 farm assessed acres. Utilities, bed/bath count, etc all pertain to the main house. If one wants more acreage, the property is also being offered as follows: 130 acres with both houses and outbuildings for $3,450,000. See MLS#: NJME2006952. Buyer will be responsible for the rollback taxes if the farm qualification is not maintained.