1292 Bear Tavern Road

Titusville NJ 08560

1175684 sq. ft.

Land

Currently for sale - view listing

Overview

Fabulous opportunity to own a prime 27 acre preserved farmland parcel in Hopewell Township with property taxes currently under $500/year. Property is actively farmed by a local tenant farmer growing crops, thus maintaining the Farmland status. Includes a 1.299-acre exception area for construction of a single-family residence up to 4,000 SF per deed of easement, enclosed within an 8 foot dear fence as part of an 8-acre private homesite located toward the rear of the property, away from the road. Includes an existing well previously installed for future residence. Buyer responsible for septic engineering/installation, underground electric, as well as the installation of required farm lane/driveway in accordance with deed of easement. (Estimates available for driveway and underground electric). Area values continue to demonstrate strong demand for preserved farmland, including a neighboring 130-acre farm recently preserved through the State of New Jersey farmland preservation program for $3,210,868, with a separate 28-acre residential parcel later selling at auction for approximately $1.5M. Exceptional opportunity to own a farm and/or create a private country estate with the benefit of preserved farmland, privacy, and extremely low taxes. Property shown by appointment only - do not walk land without prior permission. Rollback taxes, if any, are the responsibility of the buyer.