0 CHERRY VALLEY ROAD, PRINCETON, NJ 08540 | MLS #NJME2039186 | Berkshire Hathaway HomeServices Fox & Roach
 
Listing provided courtesy of Callaway Henderson Sotheby's Int'l-Princeton - MLS# NJME2039186MLS Provider

0 CHERRY VALLEY ROADPRINCETON, NJ 08540

Vacant Land · 62.37 Acres

$3,400,000 ACTIVE

Overview

Time on Site:
73 days
Visits:
8

Opportunity knocks! This extraordinary property awaiting its next lucky owners is a combination of open fields and native woods, poised to capture pristine sunset vistas. Tucked amidst some of the Princeton area's finest estates, this parcel is the perfect spot for a modern estate, yet maintains its building rights for potential development as well. The location is ideal with the quaint restaurants and shops of Hopewell Borough less than 3 miles away and downtown Princeton (and the Princeton University campus) only 5.2 miles away. With the amount of acreage, development rights in-tact and convenient accessibility, properties of this caliber have become rarities in recent times. The property is in Hopewell Township with a Princeton mailing address. Come see!

View Map
08402

Facts & Features

  • Type Vacant Land
  • Lot 62.37 Acres

General

Association/HOA
  • Association: No
Listing Information
  • Dual Variable Compensation: No
  • Real Estate Owned: No
  • Short Sale: No
  • Transaction Broker Compensation: 2.5
  • Transaction Broker Compensation Type: % Of Gross
Business Information
  • Current Use: Vacant
Location/Region
  • Country: US
  • County: MERCER
  • County Or Parish: MERCER
  • MLS Area Major: Hopewell Twp (21106)
Tax Information
  • Tax Annual Amount: $873.00
  • Tax Assessed Value: 28600.00
  • Tax Year: 2023
General Information
  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2023
  • Zoning: VRC

Interior

Parking Information
  • Garage: No
Building Interior
  • Central Air: No

Exterior

Lot Information
  • Additional Parcels: No
  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 62.37
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2716837.00
  • Lot Size Units: Square Feet
  • Water Source: Public Hook-up Available
Waterfront/View
  • Water Oriented: No
  • Water View: No
  • Waterfront: No
General Information
  • Farm Land Preservation: No
  • Sewer: No Sewer System, No Septic System
  • Water Access: No

Neighborhood

Community

08540 (PRINCETON) Demographics
38
Median Age
979
Population Density (per sq. mile)
85%
College Educated
$154,859
Estimated Median Income
11,795
Estimated Total Home Owners
6,348
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$1,282,529
Median Sales Price
$573
Median Price per Square Foot
165
Properties Sold
68
New on Market
62
Average Days on Market
160
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
1/31/2024Source: BRIGHT MLS Added to Database
January 31, 2024