5 months on rocket

564 Morristown Rd, Matawan, NJ, 07747

$2,500,000

5.81 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeBusiness
ViewTrees/Woods
MLS #22414796
Lot Size5.81 Acres
StatusActive

About 564 Morristown Rd

This 5.81-acre property is a fantastic opportunity for investors and business owners! With the ability to build up to a 78,000-square-foot building, it's perfect for a flexspace warehouse, office, or retail use. Located in the high-demand EDO1 zone and zoned OG1, this prime spot is just seconds from Route 34, 18 minutes from the bus station, 5 minutes from the train station, and 37 minutes from Newark Airport. Buyers should do there own due diligence!

Property Details

Property Features

Listing Office:

  • Office Name: NextHome Force Realty Partners
  • Listing Agent: Terrance D Hardy

Exterior Features

Exterior Information:

  • View: Trees/Woods

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 5.81 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $8,074
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Matawan, NJ.

Med. Sold Price

$521.6K

Med. Price/SqFt

$328

Avg. Days On Market

29

# of Sold Homes

36

564 Morristown Rd vs Matawan

173 DAYS ON ROCKET

+144 Days

$2,500,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price in Matawan, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22414796

Listing Office:

  • Office Name: NextHome Force Realty Partners
  • Listing Agent: Terrance D Hardy

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,074$208,000
2019$10,518$208,000
2018$10,519$208,000
2017$10,196$208,000

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-587852
7
/10
  • Ravine Drive Elementary School

  • 170 Ravine Dr

  • 1.29 miles

  • Public District Grades KG-4

school-card-donut-587853
7
/10
  • Memorial Elementary School

  • 11 Ely Ave

  • 1.78 miles

  • Public District Grades KG-5

school-card-donut-587854
7
/10
  • James A. Mcdivitt Elementary School

  • 1 Manny Martin Way

  • 1.98 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,056. Residents of Matawan, NJ typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 564 Morristown Rd

What is the listing price of this property?

The listing price of 564 Morristown Rd property is $2,500,000.

What type of property is this?

The property 564 Morristown Rd is land located in Matawan, New Jersey, 07747.

Is this property for sale now?

Active Listing: 564 Morristown Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,074 (source: MLS/based on county public records data).

How much acreage is this property?

The property 564 Morristown Rd is 5.81 acres.
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Rocket HomesNew JerseyMonmouth CountyMatawan07747564 Morristown Rd

This home is located at 564 Morristown Rd in Matawan, NJ and zip code 07747. This home sits on a 5.81 acre lot. It has been listed on Rocket Homes since May 28, 2024 and is currently priced at $2,500,000.

In October 2024, from all listings sold in Matawan, NJ there were more than 19 sold above asking price, over 10 sold below and more than 7 were sold right at the asked price. The number of listings in Matawan, NJ increased by 2.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $521,666, while the average time on the real estate market was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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