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Serving the NJ Shore & Monmouth County NJ

296 County 537 Road, Colts Neck, NJ 07722

$3,800,900
Property Type: Residential Bedrooms: 4 Baths: 3.1 Square Footage: 4,000 Lot Size (sq. ft.): 4,197,877 Status: Closed
Current Price: $3,500,000 List Date: 8/06/2019 Last Modified: 7/04/2023

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''

Supplements: 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

More Information MLS# 21932251

Contract Info

Status: Closed List Date: 2019-08-05 Sold Price: $3,500,000 Current Price: $3,500,000 List Price/SqFt: 950.23 Property Sub-Type: Single Family Sub-Type: Detached New Construction: No

Location

House Number: 296 Street Name: County 537 Street Suffix: Road County: Monmouth Municipality: Colts Neck (COL) Postal City: Colts Neck State: NJ Zip Code: 07722 Area/Section: Scobeyville Complex/Subdivision: Rancho Polo Elementary School: Conover Road Other Elementary: Conover Road Primary Middle School: Cedar Drive High School: Colts Neck Other High: Ranney School Directions: Route 537 East of Route 34. Adjacent to Rancho Polo

General Property Info

Bedrooms: 4 Full Baths: 3 Half Baths: 1 Total Baths: 3.1 # Level 1 - Baths: 2 # Level 2 - Baths: 2 Handicap Access: No Fireplace: Yes # Fireplaces: 1 Apx SqFt: 4000 # Levels: 2 Garage: Yes # Car Garage: 3 Acreage: 96.37 Lot Dimensions: 1047X3750 HOA: No Pool: No Waterfront: No Waterview: No Farm: Yes

Tax and Legal

Asmnt - Total: 1352900 Farm Assessed: Yes Deed Restricted: No Special Assessment: Yes Taxes: 23131 Tax Year: 2019

Remarks & Misc

Excluded: PERSONAL PROPERTY

Status Change Info

Under Contract Date: 2022-02-10 Sold Date: 2022-03-11 Sold Price: $3,500,000

Property Features

Ownership Type: Fee Simple Style: Cape; Colonial; Farm House; Mother/Daughter; 2 Story Interior: Attic; Ceilings - 9Ft+ 1st Flr; Center Hall; Dec Molding Foyer: Closet(s); Floor - Wood Living Room: Fireplace - Woodburning; Floor - Wood Dining Room: Dec Molding; Floor - Wood Kitchen: Eat-In; Floor - Linoleum/Vinyl; Floor - Wood Great/Family Room: Fireplace - Woodburning; Floor - Wood Master Bedroom: Floor - Wood Master Bath: Ceramic Tile; Floor - Ceramic; Tub Basement: Full; Unfinished Floors: Ceramic Tile; Linoleum/Vinyl; Wood Cooling: Central Air; Multi Units Heating: HWBB; Natural Gas Water Heater: Natural Gas; Oil Water/Sewer: Septic; Well Exterior: Fence; Fence - Electric; Lighting; Porch - Enclosed Garage: Attached; Direct Entry Siding: Aluminum; Brick; Vinyl Roof: Shingled Parking: Driveway; Gravel; Oversized Out Buildings: Barn; Horse Barn; Misc Building; Paddocks; Run-in Shed; Storage Shed Included: AC Units; Blinds/Shades; Dishwasher; Garage Door Opener; Gas Cooking; Outdoor Lighting; Refrigerator; Stove; Timer Thermostat; Water Softener Zoning: Agricultural; Residential; Single Family Lot Description: Fenced Area; Level; Treed Lots; Wooded Assessment Status: Assessed Showing: Showing Time Rooms: Bedroom; Dining Room; Family Room; Foyer; Kitchen; Living Room; Master Bedroom Bedroom Level: First; Second Dining Room Level: First Family Room Level: First Foyer Level: First Kitchen Level: First Living Room Level: First Master Bedroom Level: First

Room Information

Foyer Length: 8.00 Level: First Width: 6.00 Level: First Dimensions: 8 x 6 Living Room Length: 17.00 Level: First Width: 13.00 Level: First Dimensions: 17 x 13 Dining Room Length: 14.00 Level: First Width: 12.00 Level: First Dimensions: 14 x 12 Kitchen Length: 14.00 Level: First Width: 10.00 Level: First Dimensions: 14 x 10 Family Room Length: 12.00 Level: First Width: 8.00 Level: First Dimensions: 12 x 8 Master Bedroom Length: 14.00 Level: First Width: 11.00 Level: First Dimensions: 14 x 11 Bedroom Length: 11.00 Level: First Width: 9.00 Level: First Dimensions: 11 x 9 Bedroom Length: 17.00 Level: Second Width: 12.00 Level: Second Dimensions: 17 x 12 Bedroom Length: 15.00 Level: Second Width: 12.00 Level: Second Dimensions: 15 x 12
Listing Office: American Realty Associates
Listing Agent: Claude Ranieri
Last Updated: July - 04 - 2023
296 County 537 Road, Colts Neck, NJ 07722- MLS# 21932251
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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