NOT LISTED FOR SALE

58 Poor Farm Rd Pennington, NJ 08534

Estimated Value: $948,000 - $1,801,000

8.5 Acres
$161,389 Price per Acre
370,260 Sq Ft Lot

Sale Details

Date Sold: June 3, 2016

Last sale price $250,000

Est. 449% increase in value since last sale

Current estimated payment $9,605 / mo

22 Days on Market

Highlights

  • 8.5 Acre Lot
  • Corner Lot
  • No HOA
  • Hopewell Valley Central High School Rated A

About This Lot

As of June 2016

A beautiful, rarely discovered tract of land with sweeping vistas of peaceful preserved farmland is now obtainable in Hopewell Township. The property, owned by one family since 1947, offers a long curved driveway which leads up a small slope lined with specimen trees to woods and open meadow that could be farmed. Perfectly position your dream house to take in the sunset and autumn's changing colors and watch the fireflies light up the night sky in a setting that is private but not isolated. On nearly nine acres, enjoy the simple pleasures of country living with the luxury and flexibility of new construction. Close to Pennington, Hopewell Borough, and Princeton, services are easy to come by. *This lot is grandfathered under the current MRC (14 ac.) zoning for R250 (3 ac.). Cannot be subdivided. Approx. 3 ac. open field; 5.5 acres of woods.

Last Agent to Sell the Property

BARBARA ROSE

(609) 921-1050 info@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton Listed on: 03/12/2016

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

BARBARA ROSE

(609) 921-1050 info@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton Listed on: 03/12/2016

Callaway Henderson Sotheby's Int'l-Princeton

Property Details

Property Type

  • Land

Lot Details

  • 8.5 Acre Lot
  • Rural Setting
  • Corner Lot
  • The property's topography is hillside, part wooded
  • Property is zoned MRC*, Subject To Zoning

Utilities

  • Well
  • On Site Septic
  • No Septic Approved

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00085-QFARM
  • Assessor Parcel Number 06-00031-00085-QFARM

Property Details

Property Type

Land

Lot Details

8.5 Acres

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 0.69

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: No Septic Approved, On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Corner, Rural
  • Lot Size Acres: 8.50
  • Lot Dimensions: 460X728, LotWidth:493
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 370260.00
  • Topography: Hillside, Part Wooded
  • Zoning: MRC*
  • Zoning Description: Subject To Zoning

Green Features

  • Green Remarks: Farmland Qualified currently. Buyer to install septic and well.

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2120147
  • Tax Annual Amount: 27.00
  • Assessor Parcel Number: 06-00031-00085-QFARM
  • Tax Lot: 00085-QFARM
  • Tax Year: 2015

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2016
Closed on
May 10, 2016
Sold by
Bought by
Seller's Agent
BARBARA ROSE
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
BARBARA ROSE
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$255,000
Sold Price
$250,000
Premium/Discount to List
-$5,000
-1.96%
Current Estimated Value
$1,371,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,121,805
Avg. Annual Appreciation
18.46%
Original Mortgage
$125,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$250,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/03/2016 06/03/16 Sold $250,000 -2.0% --
04/03/2016 04/03/16 Pending -- -- --
03/12/2016 03/12/16 For Sale $255,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,346 $811,900 $200,000 $611,900
2024 $24,155 $790,400 $200,000 $590,400
2023 $24,155 $790,400 $200,000 $590,400
2022 $23,657 $790,400 $200,000 $590,400
2021 $24,178 $790,400 $200,000 $590,400
2020 $23,593 $790,400 $200,000 $590,400
2019 $23,016 $790,400 $200,000 $590,400
2018 $5,716 $200,000 $200,000 $0
2017 $5,560 $200,000 $200,000 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    BARBARA ROSE

    Callaway Henderson Sotheby's Int'l-Princeton

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Map

Source: Bright MLS

MLS Number: 1003883037

Bright MLS

APN: 06-00031-0000-00085

New Jersey Mercer County Pennington 08534

58 Poor Farm Rd, Pennington, NJ

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