NOT LISTED FOR SALE

318 Hopewell Amwell Rd Hopewell, NJ 08525

Estimated Value: $1,678,000 - $3,466,661

4 Beds
6 Baths
-- Sq Ft
76.12 Acres

Last Sold February 13, 2023

Last sale price $3,200,000

Est. 20% decrease in value since last sale

Current estimated payment $17,989/month

398 Days on Market

Highlights

  • Guest House
  • Barn
  • Gourmet Kitchen
  • Hopewell Valley Central High School Rated A
  • Solar Power System
  • Panoramic View

About This Home

As of February 2023

Just around the corner from Brick Farm Tavern and Hopewell Borough, is 76+ acre Freestone Farm, a sophisticated sanctuary in Hopewell Township. Designed by prominent architect James Cutler, architect of Bill and Melinda Gates’ Xanadu 2.0, the main house is a perfect marriage of stone, timber and glass. The first floor features a semi-open floor plan, soaring ceilings, 28-foot spans of repurposed Douglas-fir and fieldstone bays. The kitchen is state of the art. 4 ensuite bedrooms, a sunroom, office and laundry, accessed by a semi-open walkway that runs the length of the house, are found on the second floor. ALL rooms in this amazing house showcase expansive meadow views. The charming original farmhouse (3 bedrooms, 1 full, 1 half bath), linked to the main house by a raised bluestone walkway, is perfect for guests or an Airbnb opportunity. A stream with a swimming hole that’s lored to have cooled George Washington’s soldiers during the Revolutionary War runs along the eastern side of the property. Ongoing maintenance of this magnificent property is a breeze: the fields are maintained by a neighboring farmer under a cooperative arrangement. Substantial acreage behind the house is forested, requiring little upkeep. A solar field and an energy-efficient heat pump reduce utility costs. In addition to the approximately 41 acres on which the main house is situated, this sale includes a separate, adjoining 35 acre lot. Both lots are substantially preserved. However, the separate lot also has a residential building opportunity and may be developed consistent with local zoning and planning requirements. Sale includes Lot 42.02 2 ac, Lot 42.02Q 39.16 ac and Lot 56 34.96 ac . Total acreage 76.12 ac. 2022 Property Taxes 42.02 $46,603; 42.02Q $158; 56 $586. Assessor square footage includes square footage for the farmhouse. 24 hours notice required. This property is also available with less acreage. See NJME 2022748.

Last Agent to Sell the Property

Joan Loraine Otis

Callaway Henderson Sotheby's Int'l-Princeton License #1109772 Listed on: 10/15/2021

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Kimberly Rizk

Callaway Henderson Sotheby's Int'l-Princeton License #0124663

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,603

Year Built

  • Built in 2001

Lot Details

  • 76.12 Acre Lot
  • East Facing Home
  • Additional Land
  • Lot 42.02 2 acres; Lot 42.02Q 39.16 ac; Lot 56 34.96 ac; Total acreage included in sale: 76.12 ac.
  • Property is zoned VRC

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Gravel Driveway

Property Views

  • Panoramic
  • Scenic Vista
  • Woods
  • Pasture

Home Design

  • Craftsman Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Metal Roof
  • Shingle Siding
  • Masonry

Interior Spaces

  • Property has 2 Levels
  • Dual Staircase
  • Beamed Ceilings
  • 2 Fireplaces
  • Stone Fireplace
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Den
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Gourmet Kitchen
  • Built-In Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Cooktop with Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Partially Carpeted
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Utilities

  • Central Air
  • Heating System Uses Oil
  • Radiant Heating System
  • Programmable Thermostat
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic
  • Cable TV Available

Additional Features

  • Stream or River on Lot
  • Guest House
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00042 02
  • Assessor Parcel Number 06-00008-00042 02; 06-00008-42 02Q AND -00056

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,603

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Craftsman
  • Ownership: Fee Simple
  • Inclusions: Electric power washer, fireplace screens and andirons, wine rack and shelving in first floor storage room, workbench and shelving in garage, wooden outdoor furniture
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Oven - Double, Oven - Wall, Oven/Range - Electric, Range Hood, Oven/Range - Gas, Refrigerator, Six Burner Stove
  • Flooring Type: Hardwood, Partially Carpeted, Tile/Brick
  • Interior Amenities: Additional Stairway, Exposed Beams, Kitchen - Gourmet, Kitchen - Island, Wood Floors
  • Fireplace Features: Stone
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Crawl Space, Slab
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Bedroom 1, Sun/Florida Room, Laundry, Office, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: No
  • Laundry Type: Upper Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 318

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Upper Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Barn, Guest House
  • Construction Materials: Frame, Masonry, Shingle Siding
  • Roof: Metal, Shingle
  • Spa: No
  • View: Panoramic, Pasture, Scenic Vista, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Crushed Stone, Circular Driveway
  • Garage Features: Garage Door Opener, Garage - Rear Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Solar Photovoltaic
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Radiant, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv Available
  • Water Source: Well
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • School District Key: 300200397266
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: Lot 42.02 2 acres; Lot 42.02Q 39.16 ac; Lot 56 34.96 ac; Total acreage included in sale: 76.12 ac.
  • Lot Features: Additional Lot(s), Stream/Creek
  • Lot Size Acres: 76.12
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3315787.20
  • Year Assessed: 2021
  • Zoning: VRC

Green Features

  • Green Power: Pv Solar Array(s) Owned

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 46603.00
  • Assessor Parcel Number: 06-00008-00042 02; 06-00008-42 02Q AND -00056
  • Tax Lot: 00042 02
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 02/13/2023

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 1998
Sold by
Chafey Richard
Bought by
Preston Richard and Preston Michelle
Current Estimated Value
$2,565,887
Source: Public Records

Range of Values:

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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
Preston Richard $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Michelle P $383,000
Closed Preston Richard M $400,000
Closed Preston Richard $348,296
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Sold $3,200,000 -3.0% --
05/11/2022 05/11/22 Price Changed $3,300,000 -5.7% --
02/04/2022 02/04/22 For Sale $3,500,000 +9.4% --
01/07/2022 01/07/22 Off Market $3,200,000 -- --
10/15/2021 10/15/21 For Sale $3,500,000 -- --
Source: Bright MLS

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 $48,097 $1,523,500 $320,000 $1,203,500
2024 $46,558 $1,523,500 $320,000 $1,203,500
2023 $46,558 $1,523,500 $320,000 $1,203,500
2022 $45,598 $1,523,500 $320,000 $1,203,500
2021 $46,604 $1,523,500 $320,000 $1,203,500
2020 $45,476 $1,523,500 $320,000 $1,203,500
2019 $44,364 $1,523,500 $320,000 $1,203,500
2018 $43,542 $1,523,500 $320,000 $1,203,500
2017 $42,353 $1,523,500 $320,000 $1,203,500
2016 $40,038 $1,523,500 $320,000 $1,203,500
2015 $40,449 $1,523,500 $320,000 $1,203,500
2014 $39,611 $1,523,500 $320,000 $1,203,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2006034

Bright MLS

APN: 06-00008-0000-00042-02