NOT LISTED FOR SALE

296 Route 537 Colts Neck, NJ 07722

4 Beds
3.5 Baths
4,000 Sq Ft
96.37 Acres

Last Sold March 11, 2022

Last sale price $3,500,000 $875 Per Sq Ft

918 Days on Market

Highlights

  • Paddocks
  • 96.37 Acre Lot
  • Wooded Lot
  • Conover Road School Rated A
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of March 2022

''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 Park15 Miles From The Meadowlands25 Miles From Parx - (Philadelphia Track)45 - 55 Miles From Aqueduct/Belmont45-50 Miles From NYC15 Miles to Jersey Shore20 Miles from Princeton University2 Miles from Monmouth University10 Miles from Rutgers University

Last Agent to Sell the Property

Claude Ranieri

American Realty Associates License #8641368 Listed on: 08/06/2019

Co-Listed By

Matthew Ranieri

American Realty Associates License #0902194

Last Buyer's Agent

Claude Ranieri

American Realty Associates License #8641368 Listed on: 08/06/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,131

Lot Details

  • 96.37 Acre Lot
  • Lot Dimensions are 1047x3750
  • Electric Fence
  • Oversized Lot
  • Wooded Lot
  • Landscaped with Trees

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Center Hall
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bathroom Bathtub Only

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Storage Shed
  • Outbuilding

Schools

  • Conover Road Elementary School
  • Cedar Drive Middle School
  • Colts Neck High School

Farming

  • Horse or Livestock Barn

Horse Facilities and Amenities

  • Paddocks
  • Run-In Shed

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Well
  • Natural Gas Water Heater
  • Oil Water Heater
  • Water Softener
  • Septic System

Community Details

  • No Home Owners Association
  • Rancho Polo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10-00048-0000-00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,131

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Fenced Area, Oversized, Treed Lots, Wooded
  • Co List Office Mls Id: 1449
  • Co List Office Phone: 732-946-2200
  • Inclusions: Outdoor Lighting, AC Units, Water Softener, Timer Thermostat, Blinds/Shades, Dishwasher, Stove, Refrigerator, Garage Door Opener, Gas Cooking
  • Subdivision Name: Rancho Polo
  • Architectural Style: Farm House, Mother/Daughter, Cape, Colonial, 2 Story
  • Reso Flooring: Ceramic Tile, Linoleum/Vinyl, Wood
  • Reso Interior Features: Attic, Ceilings - 9Ft+ 1st Flr, Center Hall, Dec Molding
  • New Construction: No
  • Reso Other Structures: Barn, Horse Barn, Misc Building, Paddocks, Run-in Shed, Storage Shed
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 96.37
  • General Property Info Lot Dimensions: 1047X3750
  • General Property Info Farm: Yes
  • Location Middle School: Cedar Drive
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • WaterSewer Well: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Lot Description Fenced Area: Yes
  • Lot Description Treed Lots: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Lighting: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Interior Attic: Yes
  • Interior Dec Molding: Yes
  • Included BlindsShades: Yes
  • Number Appliances Included A C Units: Yes
  • Included Outdoor Lighting: Yes
  • Included Timer Thermostat: Yes
  • Style Cape: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • SidingBrick: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Floor - Wood4: Yes
  • Parking Oversized2: Yes
  • Cooling Multi Units: Yes
  • Water Heater Oil: Yes
  • Out Buildings Run-in Shed: Yes
  • Lot Description Wooded: Yes
  • Out Buildings Misc Building: Yes
  • Exterior Fence - Electric: Yes
  • Out Buildings Barn: Yes
  • Out Buildings Horse Barn: Yes
  • Out Buildings Paddocks: Yes
  • Style 2 Story: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Stories: 2
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Unfinished: Yes
  • Other Rooms:Foyer: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 96.37
  • Topography: Level
  • Waterfront: No
  • Exclusions: PERSONAL PROPERTY
  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Fence, Fence - Electric, Porch - Enclosed, Lighting
  • Construction:Siding - Vinyl: Yes
  • Features Exterior:Porch Enclosed: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Gravel, Driveway, Direct Access
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Multi Units, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, HWBB
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Natural Gas: Yes
  • Water/Sewer/Septic: Yes
  • Included Water Softener: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Cedar Drive

Lot Info

  • Lot Dimensions: 1047X3750
  • Lot Size Sq Ft: 4197877.2
  • Parcel #: 10-00048-0000-00023
  • Zoning Description: Residential, Single Family, Agricultural

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 23131.0

MLS Schools

  • Elementary School: Conover Road
  • High School: Colts Neck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Feb 9, 2022
Sold by
Colonial Farms Realty
Bought by
296 Real Estate Llc
Seller's Agent
Claude Ranieri
American Realty Associates
Buyer's Agent
Claude Ranieri
American Realty Associates
List Price
$3,999,900
Sold Price
$3,500,000
Premium/Discount to List
-$499,900
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.05%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
296 Real Estate Llc $3,500,000 Trident Abstract Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2023 $1,305 $83,900 $83,900 $0
2022 $1,467 $83,900 $83,900 $0
2021 $1,467 $84,000 $84,000 $0
2020 $1,482 $84,000 $84,000 $0
2019 $1,479 $84,000 $84,000 $0
2018 $1,491 $84,000 $84,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21932251

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 10-00048-0000-00023-01-QFARM