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.
Active
Price cut: $25K (12/8)
$175,000
7 Cherry St, Newton Town, NJ 07860
--beds
--baths
3.73Acres
Unimproved Land
Built in ----
3.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Privacy and tranquility
- 202 days |
- 214 |
- 13 |
Zillow last checked: 18 hours ago
Listing updated: December 08, 2025 at 08:03am
Listed by:
Thomas Peterson 973-726-5700,
Re/Max Platinum Group
Source: GSMLS,MLS#: 3965375
Facts & features
Property
Lot
- Size: 3.73 Acres
- Dimensions: 3.728 AC
- Features: Level, Split Possible, Wooded, Rural Lot
Details
- Parcel number: 2815000050004000050000
- Zoning description: T2,See Remarks
Utilities & green energy
- Sewer: Public Sewer on Property
- Water: Public Water in Street
Community & HOA
Location
- Region: Newton
Financial & listing details
- Tax assessed value: $524,300
- Annual tax amount: $14,297
- Date on market: 5/27/2025
- Road surface type: Blacktop/Asphalt Road
Estimated market value
Not available
Estimated sales range
Not available
$2,310/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Price change | $175,000-12.5% |
Source:  GSMLS #3965375 Report a problem | ||
| 6/26/2025 | Price change | $200,000-20% |
Source: GSMLS #3965375 Report a problem | ||
| 5/27/2025 | Listed for sale | $250,000-60.3% |
Source: GSMLS #3965375 Report a problem | ||
| 3/21/2024 | Listing removed | -- |
Source: GSMLS #3835551 Report a problem | ||
| 3/29/2023 | Listed for sale | $630,000 |
Source: GSMLS #3835551 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,298 | $524,300 |
| 2024 | $14,298 -24.1% | $524,300 +25% |
| 2023 | $18,848 -33.7% | $419,400 -33.4% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 07860
Nearby schools
GreatSchools rating
- 5/10Halsted Street Middle SchoolGrades: 5-8Distance: 0.6 mi
- 4/10Newton High SchoolGrades: 9-12Distance: 0.7 mi
- 2/10Merriam Avenue Elementary SchoolGrades: PK-4Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Merriam Av
- Middle: Halsted St
- High: Newton
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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