$79,777
●
Land -
For Sale
3 Birch Dr Or10-16
Vernon Twp., NJ 07860
Studio
0 Bath
$483
Est. Monthly
41.88%
Cap Rate
About This Property
Beautiful 5 Acres with Subdivision Potential in Pleasant Valley
Lake.Perfectly positioned on a quiet cul-de-sac spanning two
streets, this rare 5-acre parcel offers outstanding potential for
subdivision or building your dream retreat. Nestled within the
sought-after Pleasant Valley Lake community, residents enjoy a
wealth of lifestyle amenities, including:Private lake and beach
accessYear-round swimming, fishing, and skatingCommunity clubhouse
with 24-hour securityPlaygrounds, hiking, and outdoor
recreationLocated just minutes from major roadways, shopping,
dining, and top destinations like Mountain Creek Ski Resort,
Mountain Creek Waterpark, and Crystal Springs Golf & Resort, this
property provides the perfect balance of privacy, convenience, and
recreation.Whether you?re seeking an investment opportunity or
envisioning a custom home surrounded by nature, this is a truly
unique find in one of the area?s most desirable lakefront
communities.
Unit Size
-
Days on Market
-
Land Size
2.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$91
HOA Dues
-
Year Built
1955
Listed By
THOMAS RUSSO
RE/MAX TRADITIONS REAL ESTATE
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (GSMLS #3989800)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2025 | Listed by RE/MAX SELECT | $79,777 | |
| Listed by RE/MAX SELECT | |||
| Feb 26, 2024 | Listed | $79,000 | |
| Listed | |||
| | |||
|
5 acres for possible sub-division in Pleasant Valley Lake beautifully positioned on a cul-de-sac location encompassing two streets. Enjoy all that this lake community has to offer including a private beach and lake, swimming, skating, community club house/24 hr security, playground, fishing and more. Located close to major roadways, shopping, dining, skiing, hiking, Mountain Creek ski resorts, Mountain Creek waterpark, Golfing Crystal Spring Resorts and all year-round activities
| |||
| Oct 10, 2019 | No longer available | - | |
| No longer available | |||
| Jul 15, 2019 | Listed | $239,000 | |
| Listed | |||
| | |||
|
Beautiful open plan ranch. Lots of light! Secluded back yard with a lovely garden. Lots of parking. Walk to town and schools. Possible in-law suite or office The manager has listed the unit size as 1558 square feet.
| |||
Property Highlights
Exterior Details
Lot Features: Irregular Lot, Wooded, Possible Subdivision
Lot Size Area: 105850.8
Lot Size Units: Square Feet
Lot Size Acres: 2.43
Lot Size Square Feet: 105850.8
Financial Details
Tax Annual Amount: $1,093
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Newton
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Last Updated: 5 months ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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