Although this lovely 3 bedroom property on 1.69 acres is currently a legal duplex with 2 bedrooms on main level and one bedroom in upper level unit - it can be re- converted back to a large single residence with a large carriage house and grand views of the Delaware Rive Valley below. The owner of many years is anxious to sell the property now. To that end the asking price has been dramatically lowered so that a new owner can afford to use this property in a multiplicity of ways e. g It could be remodeled to a gracious home, or a modern home could be rebuilt on the site because there is so much scenic land on which to do it . Ideally, the home could be a weekend getaway within close proximity to a bridge to Bucks County and the towns of New Hope and Lambertville . Living on one level and legally renting out the other makes for wonderfully economic living. The current tenants are month to month but would love to stay if invited to by the new owner. Both units have fine views of the Delaware River and canal below especially in the winter. The two story carriage house across from a large rear car park 75x25 (see MLS 6747637 for income flows) has an extensive carport but also offers extraordinary opportunities to store a boat, car, business or hobby materials. Furthermore, the car park cannot be seen from the road . This wonderful property is being offered " as is". There is a Hopewell Township approved engineering plan for a 3 bedrooms new septic system but this can be changed by the potential purchaser. The property is close to the Delaware and the canal towpath which is a boom for hikers/bikers/kayakers and the historical Washington Crossing State Park is 2 minutes drive away , yet 5 minutes drive in the other direction leads to the I 95 link to major cities . Note although close to the Delaware the property is not in a flood zone . This year a 3 zone oil heating system was installed and the upper level is served by Central AC. If you visit the property with open eyes you will discern the enormous potential that it affords. Come see it-walk the grounds- visit the historical and useful carriage house- and bring your offers! Great for investors and flip at this price. Note a 48 hr notice to show .
Single-familyProperty Type
1841Year Built
1.69 acresLot Size
$275Est. Price/Sq.Ft.
6 spacesParking
Listed by Barry Cross• Corcoran Sawyer Smith - Princeton
•609-737-1500 (broker)
•sawyer@corcoranss.com (broker)
Listed by Robert Levine• Corcoran Sawyer Smith - Princeton
•609-737-1500 (broker)
•sawyer@corcoranss.com (broker)
Bought with Diane Ozarowski• Corcoran Sawyer Smith - Pennington
This is an approved legal two rental unit 1840 farmhouse on 1.69 acres with, in the rear, a 2 story original carriage house and a large car park affording plentiful parking. Both apartments have separate entrances. The lower apartment is very spacious with 2 bedroom with a large kitchen and an extensive porch offering panoramic views of the Delaware Valley. The upper level 1 bedroom apartment is entered via an exterior staircase. This apt has an outstanding Great Room with Panoramic views of the Delaware Valley below. The 2 story carriage house has 4 rooms with very significant storage potential. There is a car port and a drive-in room that can also function as a garage, or storage for antique car, boat etc. There is an extensive car park-hidden from the road. The use opportunities of the carriage house are extensive. The expansive property is beautifully situated on the hillside. There is a shed on site and the building could easily be remodeled or reconfigured back to a gracious residential home (see MLS 6570406). However, the rental income provides affordable living for the new owner. In the basement there is a brand new energy efficient oil furnace and a new oil tank with 3 zone heating, and upper level has central air conditioning . The property overlooks The Delaware river and canal towpath used by bikers , hikers and kayakers. Come and see it the opportunities are boundless! Owner is anxious to sell "as is" bring in your offers!! A Township approved engineering design for a septic system replacement and estimated cost available for interested parties. The seller will provide fire and water certification for closing. Great property for investors, flip and for also living in and renting other unit, and great storage and parking hidden nicely from the road.
BRIGHT MLS #1003334975
Mar 23, 2017
Sold
$235,000
$107/sq ft
Aug 13, 2016
Listed
$279,000
$127/sq ft
BRIGHT MLS #1007986512
Aug 13, 2016
Listing Removed
—
Mar 11, 2016
Listed
$279,000
$127/sq ft
BRIGHT MLS #1007986528
Aug 13, 2016
Listing Removed
—
Mar 11, 2016
Listed
$279,000
$127/sq ft
BRIGHT MLS #1007825856
Nov 30, 2015
Listing Removed
—
May 8, 2015
Listed
$339,000
$154/sq ft
BRIGHT MLS #1007826584
Nov 30, 2015
Listing Removed
—
May 8, 2015
Listed
$339,000
$154/sq ft
BRIGHT MLS #1006369402
Sep 13, 2008
Listing Removed
—
Jun 13, 2008
Listed
$395,000
$180/sq ft
BRIGHT MLS #1006369996
Sep 30, 2008
Listing Removed
—
Jun 13, 2008
Listed
$395,000
$180/sq ft
BRIGHT MLS #NJME254506
Jun 11, 2008
Listing Removed
—
Mar 7, 2007
Listed
$435,000
$198/sq ft
BRIGHT MLS #NJME253996
Jun 11, 2008
Listing Removed
—
Mar 7, 2007
Listed
$435,000
$198/sq ft
BRIGHT MLS #NJME251152
Dec 15, 2006
Listing Removed
—
May 12, 2006
Listed
$499,000
$227/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,976 (+6.1%)
$310,700 + $150,800
$461,500
2024
$14,121 (+6.2%)
$310,700 + $150,800
$461,500
2023
$13,297 (+2.1%)
$296,500 + $150,800
$447,300
2022
$13,023 (−2.2%)
$284,300 + $150,800
$435,100
2021
$13,310 (+2.5%)
$284,300 + $150,800
$435,100
2020
$12,988 (+2.5%)
$284,300 + $150,800
$435,100
2019
$12,670 (+1.9%)
$284,300 + $150,800
$435,100
2018
$12,435 (+2.8%)
$284,300 + $150,800
$435,100
2017
$12,096 (+5.8%)
$286,000 + $149,100
$435,100
2016
$11,434 (+4.2%)
$286,000 + $149,100
$435,100
2014
$10,977 (+0.3%)
$286,000 + $149,100
$435,100
2013
$10,947 (+3.8%)
$286,000 + $149,100
$435,100
2012
$10,551 (+6.9%)
$286,000 + $149,100
$435,100
2011
$9,872 (+5.1%)
$286,000 + $149,100
$435,100
2010
$9,389 (+4.8%)
$286,000 + $149,100
$435,100
2009
$8,959
$286,000 + $149,100
$435,100
Tax history for 1278 River Rd
Year
Property tax
Land + Additions
Assessment*
2025
$14,976 (+6.1%)
$310,700 + $150,800
$461,500
2024
$14,121 (+6.2%)
$310,700 + $150,800
$461,500
2023
$13,297 (+2.1%)
$296,500 + $150,800
$447,300
2022
$13,023 (−2.2%)
$284,300 + $150,800
$435,100
2021
$13,310 (+2.5%)
$284,300 + $150,800
$435,100
2020
$12,988 (+2.5%)
$284,300 + $150,800
$435,100
2019
$12,670 (+1.9%)
$284,300 + $150,800
$435,100
2018
$12,435 (+2.8%)
$284,300 + $150,800
$435,100
2017
$12,096 (+5.8%)
$286,000 + $149,100
$435,100
2016
$11,434 (+4.2%)
$286,000 + $149,100
$435,100
2014
$10,977 (+0.3%)
$286,000 + $149,100
$435,100
2013
$10,947 (+3.8%)
$286,000 + $149,100
$435,100
2012
$10,551 (+6.9%)
$286,000 + $149,100
$435,100
2011
$9,872 (+5.1%)
$286,000 + $149,100
$435,100
2010
$9,389 (+4.8%)
$286,000 + $149,100
$435,100
2009
$8,959
$286,000 + $149,100
$435,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1.71 Acres
Year renovated
—
Sq. Ft.
2,200
Year built
1840
Style
Single Family Residential
County
Mercer County
APN
0600098 00023
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2026.
R50
Residential District
The purpose of this section is to recognize the existing pattern of detached dwellings, to preserve environmentally critical areas as identified in the adopted master plan and the natural resources inventory, and to allow the township to provide a variety of housing, including lower income housing in the identified areas. The selection of dwelling unit types in the R-5 District should provide a balance of housing choices attractive to all income and age segments of the community as part of the township's fair share of the regional housing needs. The criteria are intended to provide flexibility in the design of developments to aid in reducing housing costs, encouraging lower income housing, allowing construction to avoid environmentally critical areas, and removing residences from busy highways and other potential nuisances created by noise and visual blight.