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Tag: Turpin Realtors

  • Modernized Antique Structures Dot 52 Protected Acres In New Jersey

    Modernized Antique Structures Dot 52 Protected Acres In New Jersey

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    Just a few miles from the business district of Chester, New Jersey, is a bucolic property with 52 acres of preserved farmland. Its many antique buildings, including a five-bedroom main house with the original section dating back to the 1700s, have been expanded and updated to modern tastes.

    Called Black River Farm, the property is restricted from development and is bordered by parkland, other preserved properties and the Lamington River.

    “It’s one of the most beautiful areas of Chester Township,” said Karen Tourville of Turpin Realtors, who’s co-listing the property with her daughter, Alison Tourville. “It’s just this little slice of heaven yet you’re really close to downtown Chester.”

    The main Colonial Revival home was built in the 1770s and has been expanded over the last two decades, with some of the original tree trunk beams still visible in the basement, Tourville said.

    The expanded kitchen has walls of white cabinets, a large island with built-in range and second sink and features a dining area. Next to the kitchen is a small sitting room with one of the home’s seven fireplaces.

    The formal dining room features vertical wine storage constructed with barn wood from the property. The same weathered wood wraps around columns by a staircase separating the dining room from the living area. The first level also has a large wood-paneled library, and there is an additional family room that currently hosts a billiards table.

    The primary bedroom has a fireplace and en suite bathroom with twin vanities and a glass-enclosed shower. Upstairs is also a lounge area with large windows that overlook the property.

    A two-story cottage on the property was renovated last year and comes with two bedrooms and two full bathrooms. It can be used as a guest or staff house or home office. The current owners use a two-story bank barn for social events.

    Next to the heated Gunite pool and bluestone patio is a pool pavilion built from rustic wood with an open lounge area featuring a flatscreen TV and a glass-paneled roof. It’s adjoined by an outdoor kitchen and spa.

    An equipment barn has stalls for horses and can be used in addition to the detached three-car garage to store two more cars. Additional outbuildings include a renovated corn crib, chicken coop and fieldstone spring house.

    There is plenty of room for hiking, cross-country skiing and raising animals, and additional structures related to farming can be built, subject to zoning approval, Tourville said.

    The 52-acre spread is on the market for $3.495 million.

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    Lisa Chamoff, Contributor

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  • An Apple Orchard Trail Guides From Home To Stable At This $35 Million New Jersey Estate

    An Apple Orchard Trail Guides From Home To Stable At This $35 Million New Jersey Estate

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    A gated 75-acre estate in the heart of Bedminster, New Jersey, hunt country can accommodate an array of equestrian pursuits, with multiple riding arenas and thoughtfully designed modern barns surrounded by meticulously detailed landscaping.

    The property draws inevitable comparisons to world-class equestrian properties in Lexington, Kentucky, and Wellington and Ocala, Florida, said Sharon Ortepio of Turpin Realtors, the listing agent for the estate. The design aesthetic merges modern architecture with a traditional feel.

    Standout facilities include a 20,000-square-foot indoor riding hall designed by Beyer Blinder Belle that features skylights that span the length of the arena, retractable windows, free-span trusses and a climate-controlled, elevated viewing lounge. An imported 17th-century water trough sits at the hall’s entryway. Outdoors are a more than 5-acre Grand Prix field with natural and traditional obstacles and a 100-foot-by-200-foot outdoor arena with irrigation, extensive drainage and an adjacent gazebo.

    A series of barns are outfitted with 20 horse stalls designed by United Kingdom firm Loddon Equestrian Ltd. Each has soft stall mats, an overhead fan and dual doors that provide cross ventilation. The barns all feature a center aisle with radiant-heated rubber floors, along with lofts, heated tack rooms and grooming stalls.

    A vintage four-stall barn is adjoined by two renovated cottages, one with two bedrooms and the other with three, designed to house trainers, grooms and other support staff. There’s a separate storage building to house trailers, tractors and other farm vehicles.

    An arched pergola bookended by apple trees leads from the stable wings, one of the many features designed by Deborah Cerbone, a Far Hills, New Jersey-based landscape architect who specializes in equestrian site planning. At the end of the orchard alleyway is a modern “Horse at Water” sculpture by British artist Nic Fiddian-Green, the centerpiece of a grand courtyard.

    Handcrafted South American hardwood fencing encloses 11 paddocks and a pond provides decoration as well as drainage and irrigation. The property has access to hundreds of miles of riding trails.

    “This is an exceptional equestrian estate,” Ortepio said.

    Beyer Blinder Belle also designed a four-bedroom main house, which features classic shingle-style architecture that complements the barn buildings. An open-concept living, kitchen and dining area feature walnut wood floors and stone accents. Glass doors take in a pergola-covered stone terrace, firepit, heated gunite pool and pool house with an ensuite bedroom. The home’s primary suite has a gas fireplace and overlooks the pool and gardens. A garage houses two cars.

    The property recently came to market for $35 million and would suit an amateur or a Grand Prix competitor, accommodating a hunter/jumper, dressage or polo facility.

    The estate at 151 Spook Hollow Road is around 50 miles from Manhattan, in a rural area comprising traditional country estates and farms where traditional fox hunts still take place.

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    Turpin Realtors is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

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  • These 4 Trends Will Influence The 2023 North Central New Jersey Luxury Housing Market

    These 4 Trends Will Influence The 2023 North Central New Jersey Luxury Housing Market

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    Low inventory and rising interest rates will likely be a factor in the spring real estate market in North Central New Jersey.

    The recently released February 2023 market report from Turpin Realtors, which covers Essex, Hunterdon, Morris, Somerset and Union counties, is a predictor of the upcoming prime season.

    “February typically is when we begin to see spring trends percolate,” said John Turpin, president of Turpin Realtors.

    Here are some takeaways from the report.

    Tight Inventory

    The number of new listings at all price points is down more than 32% compared to February 2022, from 1,435 to 975.

    Turpin doesn’t see that changing anytime soon with higher interest rates.

    “People saw a good opportunity to sell their houses when interest rates are low,” Turpin said. “A lot of people locked into low mortgage rates.”

    Lower Sales

    The shrinking inventory has led to fewer sales. The number of homes sold was down 28% year over year in February, from 834 to 604 sales.

    Pending sales were also down by nearly 20%, with 1,113 contracts signed in February of last year and 914 signed this year. That’s down from a pandemic-era high of more than 1,300 pending sales in 2021 and 2020.

    Higher Prices

    The tightening inventory has led to higher prices, with the median listing price of pending home sales increasing to $625,800 from $596,700 in February 2022.

    That’s great news for sellers, but “for buyers, it’s challenging,” said Turpin.

    A Busy Starter Home Market

    Competition is extremely high for starter homes, or those priced under $1 million, where new listings are down 35%. There were 1,194 new listings in February 2022 vs. 782 at the same time this year.

    The one segment that has seen movement is the market for homes priced at $3 million or more. While sales were half of what they were in 2022—three vs. six—there was a 133% increase in pending contracts and a 27% increase in new listings.

    Turpin said he thinks the Northern New Jersey market is on solid ground after an influx of new residents starting in 2020.

    “The pandemic drew so many new people that I think our foundation is so solid now,” Turpin said. “When inventory does come into line, I’m very optimistic.”

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    Turpin Realtors is an exclusive member of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.

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    Lisa Chamoff, Contributor

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