7 Cherry St Newton, NJ 07860
Estimated payment $1,260/month
About This Lot
Prime 3.73-Acre Development Opportunity in the Heart of Newton, NJ. Discover the potential of this rare 3.73-acre wooded parcel ideally located within walking distance to vibrant Spring Street in historic Newton, New Jersey. Zoned for cluster development, this unique property offers the opportunity to build up to three single-family homes. Perfect for developers, investors, or anyone looking to create a private residential enclave just steps from the town's dynamic center. Nestled among mature trees and natural beauty, the property offers privacy and tranquility while remaining incredibly accessible. Enjoy close proximity to a wide range of local amenities, including boutique shopping, diverse dining options, and the renowned Newton Theatre, a cultural landmark known for live music, comedy, and performing arts.Whether you're envisioning a charming trio of custom homes or a small community tucked into nature with urban conveniences, this parcel offers the best of both worlds.Don't miss this exceptional opportunity to invest in one of Sussex County's most desirable walkable neighborhoods.
Listing Agent
RE/MAX PLATINUM GROUP Brokerage Phone: 973-726-5700 Listed on: 05/27/2025
Property Details
Property Type
- Land
Lot Details
- 3.73 Acre Lot
- Level Lot
- Wooded Lot
- Subdivision Possible
- Property is zoned T2
Schools
- Merriam Av Elementary School
- Halsted St Middle School
- Newton High School
Listing and Financial Details
- Assessor Parcel Number 2815-00005-0004-00005-0000-
- 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 |
|---|---|---|---|---|
| 2025 | $14,298 | $524,300 | $524,300 | -- |
| 2024 | $18,848 | $524,300 | $524,300 | $0 |
| 2023 | $18,848 | $419,400 | $419,400 | $0 |
| 2022 | $28,426 | $630,000 | $630,000 | $0 |
| 2021 | $28,300 | $630,000 | $630,000 | $0 |
| 2020 | $27,865 | $630,000 | $630,000 | $0 |
| 2019 | $27,002 | $630,000 | $630,000 | $0 |
| 2018 | $26,857 | $630,000 | $630,000 | $0 |
| 2017 | $26,699 | $630,000 | $630,000 | $0 |
| 2016 | $26,271 | $630,000 | $630,000 | $0 |
| 2015 | $25,578 | $630,000 | $630,000 | $0 |
| 2014 | $25,049 | $630,000 | $630,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Price Changed | $200,000 | -20.0% | -- |
| 05/27/2025 05/27/25 | For Sale | $250,000 | -- | -- |
Source: Garden State MLS
MLS Number: 3965375
APN: 15-00005-04-00005
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