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296 County 537 Road Colts Neck, NJ 07722
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Key Details
Sold Price $3,500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $875
Municipality Colts Neck (COL)
Subdivision Rancho Polo
MLS Listing ID 21932251
Sold Date 03/11/22
Style Farm House,Mother/Daughter,Cape,Colonial,2 Story
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Y/N No
Annual Tax Amount $23,131
Tax Year 2019
Lot Size 96.370 Acres
Acres 96.37
Lot Dimensions 1047X3750
Property Sub-Type Single Family Residence
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
''Colonial Farms'' is an established Thoroughbred Breeding and Boarding Horse Farm that has greatly contributed to the NJ racing industry. The property is a turnkey operation as a horse farm, or gentleman's estate. It is centrally located in Prestigious Colts Neck Township. The property boasts a main residence with 4 bedrooms with 3.5 baths, two 4 bedroom private homes, office, barns, paddocks, and storage buildings. The farm is comprised of the following: 96 +/- Acres, 75 Acres of Fenced Paddocks comprising a total of 15 paddocks, 87 stalls, 3 large barns, Office, Breeding Barn/Shed, Hay Barn, 5 wooded acres. The farm can easily accommodate a change in use from Horse Breeding to Agricultural use. Please note, the farm is the remainder of the development known as ''Rancho Polo'' Please note** Two other adjacent farms have recently sold last year that are not in the MLS. (#1) 45.5 acres +/- Auctioned for $2,750,000 at $61,000 per acre./ (#2) 50 +/- Acre Farm sold for $5,000,000 at $100,000 per acre. Subject property is priced at $50,000 per Acre. This is the largest parcel in Colts Neck currently for sale at a fair market price!
"Rancho Polo" is a community of 21 Individual Custom Built Homes ranging from $2,000,000 to $4,000,000!
The property can easily accommodate the construction of a new main residence by tearing down the original residence on the property, allowing for the creation of an estate or family compound.
Colonial Farms is Located the following Distance from the following Tracks:
10 Miles From Monmouth Park
15 Miles From The Meadowlands
25 Miles From Parx - (Philadelphia Track)
45 - 55 Miles From Aqueduct/Belmont
45-50 Miles From NYC
15 Miles to Jersey Shore
20 Miles from Princeton University
2 Miles from Monmouth University
10 Miles from Rutgers University
Location
State NJ
County Monmouth
Area Scobeyville
Direction Route 537 East of Route 34. Adjacent to Rancho Polo
Rooms
Basement Full, Unfinished
Interior
Interior Features Attic, Ceilings - 9Ft+ 1st Flr, Center Hall, Dec Molding
Heating Natural Gas, HWBB
Cooling Multi Units, Central Air
Flooring Ceramic Tile, Linoleum/Vinyl, Wood
Fireplaces Number 1
Fireplace Yes
Exterior
Exterior Feature Fence, Fence - Electric, Porch - Enclosed, Lighting
Parking Features Gravel, Driveway, Direct Access
Garage Spaces 3.0
Roof Type Shingle
Garage Yes
Private Pool No
Building
Lot Description Fenced Area, Oversized, Treed Lots, Wooded
Story 2
Sewer Septic Tank
Water Well
Architectural Style Farm House, Mother/Daughter, Cape, Colonial, 2 Story
Level or Stories 2
Structure Type Fence,Fence - Electric,Porch - Enclosed,Lighting
New Construction No
Schools
Elementary Schools Conover Road
Middle Schools Cedar Drive
High Schools Colts Neck
Others
Senior Community No
Tax ID 10-00048-0000-00023
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Bought with American Realty Associates