12 44th St
Maplewood Twp., NJ 07040-3018
- – beds
- – baths
- – sqft
- 15,246 sqft lot
- – on site
Combination of 2 lots (1016-1022 Chancellor Ave & 12 44th St )This property offers a unique opportunity for visionary developers, with several strategic options to maximize its potential. One immediate possibility is to rent the existing house while awaiting township approvals. This approach provides an interim income stream, ensuring the property generates value even during the planning phase. Renting the house also enables developers to maintain flexibility as they navigate the approval processes. Another compelling option is to demolish the existing structure and build townhouses, aligning with the character of the neighborhood, as evidenced by similar developments nearby. Developers can secure approvals to construct townhouses while renting the house during the waiting period to offset holding costs. This dual strategy supports a seamless transition from demolition to construction, leveraging both short-term and long-term revenue opportunities. Alternatively, developers may leave the house as is or convert it into a two-family residence, focusing construction efforts on Lot 17. For this option, merging the lots is essential to apply for a variance, an important step to unlock the full potential of the project. This flexible approach caters to developers interested in both immediate and phased development, making this property a versatile investment opportunity.
Last checked:
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Last updated Jan 18, 2025
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MLS# 3941536 —
The Building
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Development Status:Raw Land, See Remarks, Variance - Buyer to Secure, Variance Required to Build
Location
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Directions:Chancellor to 44th St Maplewood
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Location:Commercial Area
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Latitude:40.72218
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Longitude:-74.2511
The Property
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Lot Identifier:17
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Approx Lot Size:100 Sqft
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Lot Description:Backs to Park Land, Corner, Irregular Lot, Level Lot
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Total Acres:0 Sqft
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Present Use:Residential, Vacant/Improved
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Zoning:Commercial
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Zoning:Residential 2 Family, Residential Condominium/Townhouse, Residential Multi-Family
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Topography:At Road Level, Level
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Soil Type:Gravel, Rocky/Shale
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Tree Type:No Trees, See Remarks
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Improvements:See Remarks, Sidewalks, Utilities on Property
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Road Surface:Blacktop/Asphalt Road
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Site Particulars:Cleared Land - Part
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Buildings Included:Residence, See Remarks
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Easements:No
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Assessment Land:30000
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (973) 378-8300
- Office phone:
- (973) 378-8300
Taxes
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Tax ID:*
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Tax ID For Property:1611-00045-0003-00017-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:2.313
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Tax Amount:$16,092
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Lot ID Tax:*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Utilities
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Utility Information:Electric, Gas
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Water:Public Water on Property
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Sewer:Public Sewer on Property
The Community
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Services:Cable TV Available, Fiber Optic Available
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Dev Restrict:See Remarks
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Assessment Total:30000
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Assessment Total Tax:*
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Assess Amount Building Tax:*
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/15/25
Jan 15, 2025
|
Listed / Active | GSMLS | $1,100,000 |
