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This beauty is located in an enclave of highly desirable upscale homes clustered around Honey Lake in Elm Ridge Park, one of Hopewell~s premier communities. The 4 bed, 3 full bath home is set on a 1.48-acre lot with a babbling brook. The cathedral entrance and a flexible floor plan allow you to take your pick of formal or family living and entertainment. Three beautiful stone fireplaces provide focal points of warmth and architectural interest throughout the home. The neutral palette is waiting for your vision. At this price you can tailor this home to your own needs and decorating style. The house offers plenty of room and unlimited potential to create the home of your dreams. Bookcases flank a fireplace in the family room, which offers views of the park-like backyard. A wall of windows floods the living room with afternoon sunlight that highlights its stone fireplace. The main level also features a formal dining room, a fourth bedroom or office, a full bath, and a large mud room/laundry room with plenty of storage and access to the roomy two-car attached garage. The second floor features a master bedroom/bath suite, 2 additional bedrooms and a third bath, a fireplaced studio overlooking the entry foyer, and an unfinished storage room that would be perfect for an extra bedroom. A huge full basement provides ample storage, but if finished would be a great for a gym, playroom, or media room. The park-like wooded backyard is captivating. The possibilities are endless for this beautiful home. The home also features a newer cedar-shake roof with copper flashing and seamless aluminum gutters, an oversized driveway, and newer garage doors with state-of-the-art openers. 200-amp service. Award-winning Hopewell Valley school district. Centrally located to Princeton, I-95, 206, Route 1, rail transit to NYC and Philly, airports, Capital Health, Merrill Lynch, ETS, parks and trails. Are you ready to begin making your vision a reality? Also don't forget to ask about renovation financing. Here is your chance to live in one of Hopewell's most sought-after neighborhoods at a bargain price. Please note natural gas service is available from Elizabethtown Gas. The price reflects the updates needed; call to make this home your own. Contractors are available for quotes if needed.Hopewell Township has recently reduced the property tax assessment for the land by $107, 000, which should reduce annual property taxes by about $3, 000 in 2019 and future years, resulting in property taxes of about $15, 000 in 2019. Sellers recently had some $50, 000 of work performed, including replacing all the exterior half timbering, power washing and staining the cedar siding, and repainting the large basement and other walls inside the house. To give the buyer the option of updating the interior of the house the home is priced well below market value.