$760,000
SOLD OCT 20, 2017

45 Yard Rd Pennington, NJ 08534

53.75 Acres
$14,140 Price per Acre
2,341,350 Sq Ft Lot

Recently Sold

8% Below List Price

1,304 Days on Market

Highlights

  • 53.75 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Hopewell Valley Central High School Rated A

About This Lot

As of June 2022

A rare 53-acre parcel directly across from Hopewell Valley Vineyards creates a phenomenal business opportunity for anyone looking to take advantage of a highly visible location with a myriad of potential uses. Forty-four tillable and preserved acres, a six-acre building envelope with septic, electric, gas and an exceptional 3-bay shop with two offices, dual bathrooms and a reception area already in place, set the tone for this spectacular offering. Awe-inspiring vistas of wooded groves, rolling hills and the adjacent vineyard rival those found in California wine regions. Join a growing trend of artisanal grape growers and turn Hopewell into a little Napa or benefit from the popularity of a destination vineyard neighbor complementing that business with a farm-to-table endeavor, a B&B, nursery, farmstand ? the sky's the limit with the consistent flow of traffic through the area. Or, simply build your dream house alongside the oversized shop - ideal for a contractor ? and watch your business grow.

Last Agent to Sell the Property

Susan DiMeglio

Callaway Henderson Sotheby's Int'l-Princeton License #9702048 Listed on: 09/23/2013

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Xuemei Zhao

Realty Mark Central, LLC

Realty Mark Central, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,766

Lot Details

  • 53.75 Acre Lot
  • Property is zoned VRC

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

  • Well
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

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

Property Details

Property Type

Land

Est. Annual Taxes

$3,766

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Remarks Public: A rare 53-acre parcel directly across from Hopewell Valley Vineyards creates a phenomenal business opportunity for anyone looking to take advantage of a highly visible location with a myriad of potential uses. Forty-four tillable and preserved acres, a six-acre building envelope with septic, electric, gas and an exceptional 3-bay shop with two offices, dual bathrooms and a reception area already in place, set the tone for this spectacular offering. Awe-inspiring vistas of wooded groves, rolling hills and the adjacent vineyard rival those found in California wine regions. Join a growing trend of artisanal grape growers and turn Hopewell into a little Napa or benefit from the popularity of a destination vineyard neighbor complementing that business with a farm-to-table endeavor, a B&B, nursery, farmstand ? the sky's the limit with the consistent flow of traffic through the area. Or, simply build your dream house alongside the oversized shop - ideal for a contractor ? and watch your business grow.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 0.35
  • Street Number Modifier: 45

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • School District Key: 300200397266

Lot Info

  • Improvement Assessed Value: 138800.00
  • Lot Size Acres: 53.75
  • Lot Dimensions: 00, LotWidth:0
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2341350.00
  • Zoning: VRC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2121458
  • Tax Annual Amount: 3766.00
  • Assessor Parcel Number: 06-00049-00028
  • Tax Lot: 00028
  • Tax Year: 2016
  • Close Date: 10/20/2017

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
Not Available
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 Type Sale Price Title Company
Deed $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: 1000450685

Bright MLS

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