Thomas Mayer, Listing Office: Coldwell Banker, Wayne
Property details
About 12 44th St
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.
Highlights
Home typeVacant Land
StatusActive
Lot size0.35 Acres
MLS #3941536
Summary
- MLS Number: 3941536
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (908) 422-8621
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Last updated on: 1/17/2025, 10:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,100,000
12 44th St
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Price information
Property sales
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Tax history
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Nearby schools
5
Seth Boyden Elementary Demonstration School
Public District KG-5
0.2 mi
•274 Boyden Ave
3
Florence Avenue Elementary School
Public District KG-5
0.4 mi
•1324 Springfield Ave
3
Chancellor Avenue Elementary School
Public District KG-5
0.5 mi
•844 Chancellor Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,641. Most Maplewood Twp, NJ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
24%
<35k
58%
35k-100k
16%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
23%
Single, with Kids
17%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
11%
12-17 yrs old
22%
18-34 yrs old
43%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 12 44th St
This home is located at 12 44th St in Maplewood Twp, NJ and zip code 07040. Features: 0 bathroom. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $1,100,000.
In December 2024 more than 14 listings in Maplewood Twp, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below. The number of homes for sale in Maplewood Twp, NJ decreased by 21.4% between November and December 2024.
From Rocket Homes Real Estate and based on county public records data.