194 James St Morristown, NJ 07960
Estimated payment $4,297/month
About This Lot
**Charming Flag Lot with Exceptional Potential on 1.52 Acres**Attention builders! Discover this unique property spanning approximately 1.52 acres, featuring a spacious flag lot with about 3/4 acres designated as wetlands offering a perfect canvas for innovative, high-end development. Currently zoned for a two-family residence, the property includes a tear down 3-bedroom, 2-bath home, complemented by a large 30x30 two-car garage and a versatile studio apartment above. A new survey and topography map have been completed, ensuring compliance with submission requirements for building plans, permits, and Letter of Intent (LOI) approval. This prime location offers convenient access to mass transportation and is just minutes from the vibrant downtown Motown, making it ideal for building your dream home or developing a luxury estate. Whether you're an investor, builder, or future homeowner, this property presents incredible potential in a desirable neighborhood. Don't miss the opportunity to create something truly special!
Listing Agent
Ashley Young
REDFIN CORPORATION Brokerage Phone: 609-216-7035 Listed on: 07/11/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,932
Lot Details
- 1.52 Acre Lot
- Property is zoned RA-15
Listing and Financial Details
- Assessor Parcel Number 2322-06902-0000-00002-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,946 | $446,200 | $245,400 | $200,800 |
| 2023 | $8,946 | $446,200 | $245,400 | $200,800 |
| 2022 | $8,531 | $446,200 | $245,400 | $200,800 |
| 2021 | $8,531 | $446,200 | $245,400 | $200,800 |
| 2020 | $8,308 | $446,200 | $245,400 | $200,800 |
| 2019 | $8,179 | $446,200 | $245,400 | $200,800 |
| 2018 | $8,090 | $446,200 | $245,400 | $200,800 |
| 2017 | $8,036 | $446,200 | $245,400 | $200,800 |
| 2016 | $7,911 | $446,200 | $245,400 | $200,800 |
| 2015 | $8,737 | $344,500 | $212,400 | $132,100 |
| 2014 | $8,623 | $344,500 | $212,400 | $132,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $649,000 | -- | -- |
Source: Garden State MLS
MLS Number: 3974695
APN: 22-06902-0000-00002
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