by RHP Realty

See Home Value
Union 07076
725 Jerusalem Rd
$5,500,000
Land - Off Market

725 Jerusalem Rd

Scotch Plains Twp., NJ 07076
bedrooms
Studio
bathrooms
0 Bath
$27,006
Estimated Monthly
$0
HOA / Fees

About This Property

***DEVELOPMENT OPPORTUNITY*** This beautiful 2.58 + acres of land located in the desirable town of Scotch Plains is approved for a development of 47 townhouse units. This project is a part of the towns affordable housing obligation. Out of the 47 units, a twenty percent (20%) inclusionary set aside was established to create nine (9) affordable units. The property offers a desirable location for future homeowners, with public transportation, shopping, and schools within easy driving distance. With the area's strong education system, bustling downtown, and convenient suburban atmosphere, these future new townhouses are sure to be well-received. This piece of land is an ideal development opportunity for builders.In addition, this property is zoned light industrial and provides a great opportunity for a contractor's yard. It offers a large and secure space with ample room to store a variety of machinery, tools, and materials. With direct access to major roads, the property is easily accessible for pickups and deliveries. Whatever your storage needs, this contractor's yard is the perfect choice for keeping your equipment safe and secure. Three (3) lots included. Lots 13, 16.02 and 14.01.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,685
HOA Dues
-
Year Built
-
Last updated: 4 days ago (GSMLS #3841682)

Price History

Date / Event Date Event Price
May 4, 2024 No longer available -
No longer available
May 3, 2023 No longer available -
No longer available
May 3, 2023 Listed by SIGNATURE REALTY NJ $5,500,000
Listed by SIGNATURE REALTY NJ
Jan 8, 2023 Listed by SIGNATURE REALTY NJ $5,500,000
Listed by SIGNATURE REALTY NJ
***DEVELOPMENT OPPORTUNITY*** This beautiful 2.58 + acres of land located in the desirable town of Scotch Plains is approved for a development of 47 townhouse units. This project is a part of the towns affordable housing obligation. Out of the 47 units, a twenty percent (20%) inclusionary set aside was established to create nine (9) affordable units. The property offers a desirable location for future homeowners, with public transportation, shopping, and schools within easy driving…

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 50,094
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 1.15
  • Legal Description 1: ADDITIONAL LOTS: 14.01

Ownership

  • Current Owner : 725 735 JERUSALEM LLC
  • Previous Owner : JONES STEVEN
  • Previous Owner 2: JONES PETER

Neighborhood

  • School District Name: Scotch Plains-Fanwood Regional School District
  • Census Tract: 038500

Zoning

  • Zoning: M-1

Geography

  • Account Number: 321800
  • District: 16
  • Parcel: 16 06201-0000-00016- 02
  • Block: 6201
  • Lot: 16.02
  • Municipality: SCOTCH PLAINS TWP
  • Latitude: 40.6584
  • Longitude: -74.3757

    Address

  • Full Address: 725 Jerusalem Rd
  • Address - House Number: 725
  • Address - Street Name: Jerusalem
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Scotch Plains
  • Carrier Code: C004
  • 4-Digit Zip Code: 2029
  • Zip Code: 07076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,466

    Market Valuation

  • Market Total Value: $179,200
  • Market Land Value: $86,300
  • Market Improvement Value: $92,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,200
  • Assessed Land Value: $86,300
  • Assessed Improvements Value: $92,900

    Sales

  • Current Sale Contract Date: Nov 07, 2019
  • Current Sale Recording Date: Nov 26, 2019
  • Current Sale Transaction ID: 11706787813
  • Current Sale Price: $775,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 319540



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Union


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1701 E 2nd St, Scotch Plains Twp., NJ, 07076

$1,850 /mo

  • 1 Bed
  • 1 Bath
1701 E 2nd St, Scotch Plains Twp., NJ, 07076 Listing by GEORGE HANSEN
Unit for rent at 234 Terrill Rd, Plainfield City, NJ, 07062

$2,100 /mo

  • 2 Beds
  • 1 Bath
234 Terrill Rd, Plainfield City, NJ, 07062 Listing by DEBORAH CITARELLA


Frequently Asked Questions

When was property at 725 Jerusalem Road built and last sold?
The property at 725 Jerusalem Road was built in and last sold on Nov 7, 2019 for $775,000.
How much is this home worth?
The estimated value of the home located at 725 Jerusalem Road is $5,555,000.
What are some comparable homes to 725 Jerusalem Road?
There are currently no comparable homes to 725 Jerusalem Road.

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