Rare opportunities in Chatham don't come along often, and a double-lot development is one of them. Originally a one-acre home, this property has been successfully subdivided into two distinct properties that can be developed with single family homes on each lot. This offers a blank canvas for a visionary builder or investor to create two custom luxury residences in highly coveted Chatham.The first lot features an existing cottage, which is a teardown to make way for a grand new build. The adjacent second lot is a pristine, vacant site ready for immediate development.This is a chance to secure a massive footprint in a premier community where land is at a premium. With the heavy lifting of the subdivision already complete, the path is clear to bring two high-end homes to life. Bring your architect and your imagination opportunities of this scale and caliber are a rare find.
Active
$1,595,000
50 Mountain Ave, Chatham Twp., NJ 07928
--beds
--baths
1.16Acres
Unimproved Land
Built in ----
1.16 Acres Lot
$1,544,400 Zestimate®
$--/sqft
$-- HOA
What's special
Double-lot development
- 11 days
- 455
- 22
Zillow last checked:
Listing updated:
Listed by:
Zander Oldendorp 973-229-6475,
Compass New Jersey, Llc,
Susan Oldendorp
Source: GSMLS,MLS#: 4056228
Facts & features
Property
Lot
- Size: 1.16 Acres
- Dimensions: 1.158 AC
- Features: Curbs, Residential Subdivision
- Topography: Gradual,Level
- Residential vegetation: Partially Wooded
Details
- Additional structures: Abandoned Building, Residence
- Parcel number: 2305000390000000210000
- Zoning description: Residential,Residential 1 Family
Utilities & green energy
- Sewer: Unknown or Untested, See Remarks
- Water: See Remarks
- Utilities for property: Utilities in Street
Community & HOA
Location
- Region: Chatham
Financial & listing details
- Tax assessed value: $488,000
- Annual tax amount: $10,267
- Date on market: 10/1/2026
- Road surface type: Blacktop/Asphalt Road
Estimated market value
$1,544,400
$1.47M - $1.62M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $1,595,000+87.6% |
Source:  GSMLS #4056228 Report a problem | ||
| 8/13/2026 | Listing removed | $850,000 |
Source: GSMLS #4035423 Report a problem | ||
| 6/18/2026 | Listed for sale | $850,000+183.3% |
Source: GSMLS #4035427 Report a problem | ||
| 8/2/2023 | Sold | $300,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $10,268 +5.8% | $488,000 |
| 2025 | $9,706 | $488,000 |
| 2024 | $9,706 +1.7% | $488,000 |
| 2023 | $9,545 +0.5% | $488,000 |
| 2022 | $9,496 +0.8% | $488,000 |
| 2021 | $9,423 +4.2% | $488,000 |
| 2020 | $9,048 +1.1% | $488,000 |
| 2019 | $8,945 +2.6% | $488,000 |
| 2018 | $8,721 +1.6% | $488,000 |
| 2017 | $8,584 +0.4% | $488,000 |
| 2016 | $8,550 +0.8% | $488,000 |
| 2015 | $8,481 +2% | $488,000 |
| 2014 | $8,316 +3.1% | $488,000 |
| 2012 | $8,067 +3.2% | $488,000 |
| 2011 | $7,813 +2% | $488,000 |
| 2010 | $7,657 +1.1% | $488,000 |
| 2009 | $7,574 | $488,000 |
| 2008 | -- | $488,000 |
| 2007 | -- | $488,000 |
| 2006 | -- | $488,000 +67.8% |
| 2005 | -- | $290,800 |
| 2004 | -- | $290,800 |
| 2003 | -- | $290,800 |
| 2002 | -- | $290,800 |
| 2001 | -- | $290,800 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Long Hill
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