NOT LISTED FOR SALE

45 Yard Rd Pennington, NJ 08534

Estimated Value: $1,120,848

-- Bed
2 Baths
8,000 Sq Ft
$140/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $6,172,022 $772 Per Sq Ft

Current estimated payment $6,156/month

368 Days on Market

Highlights

  • 53.75 Acre Lot
  • Converted Barn or Barndominium
  • Shed
  • Hopewell Valley Central High School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of June 2022

Wonderful opportunity to own this beautiful 53.75-acre farm in the sought-after Pennington neighborhood of the Princeton suburb. There is a 5000 sqft steel frame barn/warehouse together with 3 offices that are gas heated and have central AC, and an additional 3000 sqft steel frame open storage area, on a five-acre building envelope for creating your dream home/mansion. A creek running through the property makes it possible to have a fish pond with free stream. This idyllic farm is close to major high ways, shopping center, fortune 500 companies, Princeton University and Rider University.

Last Agent to Sell the Property

yuwen Chen

RealtyMark Select LLC Listed on: 12/16/2019

RealtyMark Select LLC

Last Buyer's Agent

Nacharaj Manohar Rao

Realty Mark Platinum-Iselin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,138

Year Built

  • Built in 2000

Lot Details

  • 53.75 Acre Lot
  • Property is zoned VRC

Home Design

  • Converted Barn or Barndominium
  • Slab Foundation
  • Steel Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Bathrooms
  • 8,000 Sq Ft Home
  • Property has 1 Level

Parking

  • Driveway
  • Parking Lot

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • 120/240V
  • Well
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00028
  • Assessor Parcel Number 06-00049-00028

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,138

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Converted Barn
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Remarks Public: Wonderful opportunity to own this beautiful 53.75-acre farm in the sought-after Pennington neighborhood of the Princeton suburb. There is a 5000 sqft steel frame barn/warehouse together with 3 offices that are gas heated and have central AC, and an additional 3000 sqft steel frame open storage area, on a five-acre building envelope for creating your dream home/mansion. A creek running through the property makes it possible to have a fish pond with free stream. This idyllic farm is close to major high ways, shopping center, fortune 500 companies, Princeton University and Rider University.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter, Slab
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 8000
  • Above Grade Unfinished Sq Ft: 8000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 45

Beds/Baths

  • Total Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Steel Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Crops Included: No
  • Farm Features: Shed(s)
  • Farm Land Area Units: Acres
  • Farm Operation: General
  • Improvement Assessed Value: 138800.00
  • Lot Size Acres: 53.75
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2341350.00
  • Year Assessed: 2020
  • Zoning: VRC
  • Farmland Preservation: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2121458
  • Tax Annual Amount: 4138.00
  • Assessor Parcel Number: 06-00049-00028
  • Tax Lot: 00028
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 06/14/2022

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2013
Closed on
Oct 20, 2017
Sold by
Stony Brook Frams Llc
Bought by
Zhong Qunming
Seller's Agent
Susan DiMeglio
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Xuemei Zhao
Realty Mark Central, LLC
List Price
$825,000
Sold Price
$760,000
Premium/Discount to List
-$65,000
-7.88%
Current Estimated Value
$1,120,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,848
Source: Public Records

Range of Values:

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Average Value
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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
Zhong Qunming $760,000 Title Source Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $6,172,022 +529.8% $772 / Sq Ft
01/20/2021 01/20/21 For Sale $980,000 0.0% $123 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/16/2019 12/16/19 For Sale $980,000 +28.9% $123 / Sq Ft
10/20/2017 10/20/17 Sold $760,000 -7.9% --
05/12/2017 05/12/17 For Sale $825,000 -31.3% --
04/19/2017 04/19/17 Pending -- -- --
02/14/2017 02/14/17 Pending -- -- --
09/23/2013 09/23/13 For Sale $1,200,000 -- --
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 $1,146 $36,300 $36,300 --
2024 $1,109 $36,300 $36,300 $0
2023 $1,109 $36,300 $36,300 $0
2022 $1,086 $36,300 $36,300 $0
2021 $6,583 $215,200 $215,200 $0
2020 $1,084 $36,300 $36,300 $0
2019 $1,057 $36,300 $36,300 $0
2018 $1,037 $36,300 $36,300 $0
2017 $1,009 $36,300 $36,300 $0
2016 $954 $36,300 $36,300 $0
2015 $964 $36,300 $36,300 $0
2014 $918 $35,300 $35,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME289402

Bright MLS

APN: 06-00049-0000-00028-0000-QFARM