Seller's Agent in 2022
Claude Ranieri
American Realty Associates
(732) 740-8022
2 in this area
15 Total Sales
''Colonial Farms'' is an established Thoroughbred Breeding and Boarding Horse Farm that has greatly contributed to the NJ racing industry. The property is a turnkey operation as a horse farm, or gentleman's estate. It is centrally located in Prestigious Colts Neck Township. The property boasts a main residence with 4 bedrooms with 3.5 baths, two 4 bedroom private homes, office, barns, paddocks, and storage buildings. The farm is comprised of the following: 96 +/- Acres, 75 Acres of Fenced Paddocks comprising a total of 15 paddocks, 87 stalls, 3 large barns, Office, Breeding Barn/Shed, Hay Barn, 5 wooded acres. The farm can easily accommodate a change in use from Horse Breeding to Agricultural use. Please note, the farm is the remainder of the development known as ''Rancho Polo'' Please note** Two other adjacent farms have recently sold last year that are not in the MLS. (#1) 45.5 acres +/- Auctioned for $2,750,000 at $61,000 per acre./ (#2) 50 +/- Acre Farm sold for $5,000,000 at $100,000 per acre. Subject property is priced at $50,000 per Acre. This is the largest parcel in Colts Neck currently for sale at a fair market price!
"Rancho Polo" is a community of 21 Individual Custom Built Homes ranging from $2,000,000 to $4,000,000!
The property can easily accommodate the construction of a new main residence by tearing down the original residence on the property, allowing for the creation of an estate or family compound.
Colonial Farms is Located the following Distance from the following Tracks:
10 Miles From Monmouth Park
15 Miles From The Meadowlands
25 Miles From Parx - (Philadelphia Track)
45 - 55 Miles From Aqueduct/Belmont
45-50 Miles From NYC
15 Miles to Jersey Shore
20 Miles from Princeton University
2 Miles from Monmouth University
10 Miles from Rutgers University
Last Agent to Sell the Property
American Realty Associates License #8641368 Listed on: 08/06/2019
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 296 Real Estate Llc | $3,500,000 | Trident Abstract Title |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2022 03/11/22 | Sold | $3,500,000 | -7.9% | $875 / Sq Ft |
| 06/21/2021 06/21/21 | Price Changed | $3,800,900 | -5.0% | $950 / Sq Ft |
| 06/01/2021 06/01/21 | Price Changed | $4,000,900 | -4.8% | $1,000 / Sq Ft |
| 04/14/2021 04/14/21 | Price Changed | $4,200,900 | -4.5% | $1,050 / Sq Ft |
| 03/12/2021 03/12/21 | Price Changed | $4,400,900 | +15.8% | $1,100 / Sq Ft |
| 03/19/2020 03/19/20 | Price Changed | $3,799,900 | -5.0% | $950 / Sq Ft |
| 08/06/2019 08/06/19 | For Sale | $3,999,900 | -- | $1,000 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,365 | $95,400 | $95,400 | -- |
| 2024 | $1,305 | $91,600 | $91,600 | $0 |
Seller's Agent in 2022
Claude Ranieri
American Realty Associates
(732) 740-8022
2 in this area
15 Total Sales
Seller Co-Listing Agent in 2022
Matthew Ranieri
American Realty Associates
(732) 946-2200
2 in this area
9 Total Sales
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21932251
APN: 10-00048-0000-00023-01-QFARM