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New Construction Homes in Summit, NJ

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    $8,500,000 Lot/Land

    55 River Rd, Chatham, NJ 07928

    • 1.94 Acres
    • $4,381,443 per Acre

    CHATHAM BOROUGH 7 LOTS ALL CONTIGUOUS FOR 2 ACRES, TOTAL "DESIGNATED REDEVELOPMENT AREA". CHATHAMS 202 AFFORDABLE HOUSE PROGRAM. INCLUDED IN CHATHAMS 3RD ROUND AFFORDABLE HOUSING PLAN. MINIMUM OF 67 UNITS. HAS ZONING OVERLAY. THIRD ROUND 25-2030 OF 181 UNITS. BUYER TO VERIFY WITH TOWN.

    Jeff Smith COLDWELL BANKER REALTY

    55 River Rd, Chatham, NJ 07928

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Summit, NJ usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Summit, NJ hold their value?
Yes, especially in fast-growing areas of Summit, NJ. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Summit, NJ

Housing Trends

Median Sale Price
$1,506,500
Median Single Family Sale Price
$1,700,000
Median Townhouse Sale Price
$840,000
Average Price Per Sq Ft
$775
Number of Homes for Sale
9
Last 12 months Home Sales
260
Months of Supply
0.40
Median List Price
$1,506,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
21%
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