Check Availability
Morristown 07960
189 Speedwell Ave
$600,000
Land - For Sale

189 Speedwell Ave

Morris Twp., NJ 07960
bedrooms
Studio
bathrooms
0 Bath
$3,154
Estimated Monthly
3.30%
Cap Rate

About This Property

Approved plans for 2 store fronts and 2 apartments in Morris Township near shopping, public transportation and major arteries. Onsite parking with municipal parking next door makes this a great opportunity for the entrepreneur or investor.
Unit Size
-
Days on Market
10 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$208
HOA Dues
-
Year Built
-

Listed By

Last updated: 9 days ago (GSMLSNJ #3901373)

Price History

Date / Event Date Event Price
May 12, 2024 Listed by Destiny Realty Inc $600,000
Listed by Destiny Realty Inc
Aug 27, 2023 No longer available -
No longer available
Jun 2, 2023 Listed by UNITED REAL ESTATE $775,000
Listed by UNITED REAL ESTATE
Fully Approved 3 unit , 2 residential 2 bedrooms and and est 2200 sqft of commercial store front. Perfect opportunity to build your perfect investment property. Seller has fully approved plans ready to break ground at closing.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Living Units: 18
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,059
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 600
  • Total Building Area: 14,166
  • Gross Building Area: 14,166
  • Building Area: 14,166
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 14,166
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.139
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ADDITIONAL LOTS: 19 UNITS

Ownership

  • Current Owner : 189 SPEEDWELL AVE LLC
  • Previous Owner : GESUALDO RALPH
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Morris Township School District
  • Census Tract: 043500

Zoning

  • Zoning: B

Geography

  • District: 24
  • Parcel: 24 03304-0000-00002
  • Block: 3304
  • Lot: 2
  • Municipality: MORRISTOWN TOWN
  • Latitude: 40.8048
  • Longitude: -74.4823

    Address

  • Full Address: 189 Speedwell Ave
  • Address - House Number: 189
  • Address - Street Name: Speedwell
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Morristown
  • Carrier Code: C062
  • 4-Digit Zip Code: 3856
  • Zip Code: 07960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,594

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,600,000
  • First Open Lien Mortgage Lender: THE PROVIDENT BANK
  • First Open Lien Mortgage Recording Date: Dec 18, 2015
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 18, 2045
  • Second Open Lien Mortgage Lender: THE PROVIDENT BANK
  • Second Open Lien Mortgage Recording Date: Dec 27, 2011
  • Second Open Lien Mortgage Loan Amount: $1,600,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Dec 27, 2041

    Market Valuation

  • Market Total Value: $1,087,512
  • Market Land Value: $675,537
  • Market Improvement Value: $411,975

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $850,000
  • Assessed Land Value: $528,000
  • Assessed Improvements Value: $322,000

    Sales

  • Current Sale Contract Date: Apr 27, 2005
  • Current Sale Recording Date: Aug 29, 2005
  • Current Sale Transaction ID: 1102670638
  • Current Sale Document Type: Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$599,000 Nov 30, -0001
$635,000 Mar 3, 2022
-
Multifamily
Stu
-
-
$590,000 Nov 30, -0001
$570,000 Dec 5, 2022
-
Multifamily
Stu
-
-
$555,000 Nov 30, -0001
$603,000 May 12, 2022
-
Multifamily
Stu
-
-
$675,000 Nov 30, -0001
$650,000 Dec 16, 2022
-
House
3 Beds
2 Baths
-
$589,000 Nov 30, -0001
$683,000 May 9, 2022
-
House
3 Beds
1.1 Baths
-
$630,000 Nov 30, -0001
$609,000 Sep 16, 2022
-
House
Stu
1 Bath
-
$538,000 Apr 25, 2024
-
-
Multifamily
Stu
-
-
$689,900 Mar 6, 2024
-
$727/mo
House
4 Beds
1 Bath
-
$599,900 Sep 5, 2023
-
-
Multifamily
4 Beds
-
-
$650,000 Mar 11, 2024
-
-
In Contract
House
3 Beds
1 Bath
-
$550,000 Apr 24, 2024
-
-
House
3 Beds
2 Baths
-
$539,900 May 3, 2024
-
$587/mo

About Morristown


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Frequently Asked Questions

When was property at 189 Speedwell Avenue built and last sold?
The property at 189 Speedwell Avenue was built in and last sold on Apr 27, 2005 for $0.
How much is this home worth?
The estimated value of the home located at 189 Speedwell Avenue is $606,000.
What are some comparable homes to 189 Speedwell Avenue?
Homes that are comparable to 189 Speedwell Avenue include a house property at 5 Budd Street, a multifamily property at 28 Harrison Street, a house property at 58 Harrison Street.

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