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$4,500,000

Beds
4
Baths
4.0
sq ft
Unknown

111 E Prospect St, Hopewell, NJ 08525

111 E Prospect St

HOPEWELL, NJ 08525

  • Off market
Maple Shade Farm is a scenic farmstead with a rich past dating to the mid-1700s in a setting that is pure paradise on the edge of Hopewell Borough. The views are incredible, stretching across 59 bucolic acres and towards neighboring St. Michael’s Preserve. A gated driveway rambles past an all-new lighted riding ring, five fenced pastures with a new waterline for irrigation, and a large pond. A Pebbletec pool and spa are surrounded by a Himalayan-cut stone patio with walls reclaimed and repurposed from abandoned foundations in Bucks County. The spectacular house, born from an 1850s English barn, a late-18th century wagon house, plus a stone house addition with a wine cellar, is an incredible reinvention of the past while incorporating the ultimate in creature comforts. With so many well-thought-out recent improvements, there is now a new state-of-the-art air conditioning system, new plumbing, a whole house water filtration system, and a brand new pro-style six-burner Thermador range in the high-end yet rustic kitchen that will satisfy any culinary perfectionist. Because of the traditional barn framing. conventional walls weren’t necessary creating an open-concept floorplan that will bring everyone together. The main level includes three great rooms. The first houses the living room, dining room, and a bar. The second unites the kitchen with a breakfast area and the family room, while the third is a wonderful entertaining space for the summer months with its multiple doors leading to the pool and grounds. Wide plank oak and chestnut flooring throughout the house and bluestone flooring over radiant heat add warmth and character to rooms. There is extensive use of handmade oak doors, all hung on locally designed handmade hinges and hardware, handmade lighting, plus solid oak and mahogany cabinetry throughout. A massive bedroom suite is the ultimate retreat with a fireplace, a dressing gallery with dual walk-in closets, built-in cabinetry, and a luxury bath. A second bedroom suite has a private bathroom, and across a broad loft, there are two additional bedrooms and another bathroom. A two-bay garage with a second-floor apartment and a new deck is handy for extra help, and a white oak early 19th-century garage barn can house additional vehicles. For livestock and machinery, the white oak timber barn, originally constructed in Readington, NJ, and moved in 2006 by the NJ Barn Company, contains two horse stalls, a large run-in area, a big machinery storage area, and custom lighting. This is an outstandingly presented offering that will be hard to duplicate elsewhere, whether your interest lies in horses or hobby farming or just the desire for a sprawling, private paradise to call home near Princeton. Proof of Funds required prior to scheduling and confirming appointments.

Details

Property type

Single Family Residence

Lot size

59.0 acres

Price per sq ft

Unknown

Year built

1973

Annual property taxes

$46,637

HOA

No

Price History

09/24/2024
Bright

Bright #NJME2041986

Removed
$4,500,000
09/04/2024
Bright

Bright #NJME2041986

Listed
$4,500,000
08/06/2024
Bright

Bright #NJME2041986

Removed
$4,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

HOPEWELL VALLEY REGIONAL SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,413,939
Asking price
$4,500,000
Closing costs (~8% of asking)
-$360,000
Est. remaining loan balance
-$2,726,061
Cash to seller
$1,413,939

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Luxury Mortgage Corp

Loan start date

July 2021

Original loan amount

$2,940,000

Est. remaining balance

$2,726,061

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Christopher Cashwell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 11/03/2024 at 8:00 AM

Listing updated: 09/23/2024 at 9:36 PM

Listed by: Jennifer E Curtis, Callaway Henderson Sotheby's Int'l-Princeton Phone #: (609) 921-1050

MLS: Bright #NJME2041986

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