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$1,595,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 50 Mountain Ave
General
- Price: $1,595,000
- Taxes: $10,267 (2025)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 4056228
- Updated: 10/1/2026
- Added to Site: 5 day(s) ago
Location
- County: Morris
- Driving Directions: River Rd to Mountain Ave
- Total Lots Available: 2
Utilities
- Sewer: See Remarks
- Water: See Remarks
Structural Information
- Existing Structures: Abandoned Building, Residence
Lot Features
- Lot Size (Acres): 1.16
- Lot Size: 1.158 AC
- Street/Road Desc.: Blacktop/Asphalt Road, Public Maintained Road
- Topography: Gradual, Level
- Land Improvements: Curbs, Utilities in Street
- Present Use: Residential
- Trees/Vegetation: Partly Wooded
- Zoning: Residential, Residential 1 Family
Financial Considerations
- Assessment Amount: $488,000
- Improve Assmt: $138,600
- Land Assmt: $349,400
- Tax Amount: $10,267
- Tax Year: 2025
Disclosures and Reports
- Documents Avail.: Aerial Photo(s), Survey Available
- Perc Type: Unknown or Untested
- Surveyed: Yes
- Block: 39
- Lot Number: 21
Listed by Compass New Jersey, Llc
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Schools
Schools serving 50 Mountain Ave
School District:The Chathams School District
| Name | Grades | Distance |
|---|---|---|
Southern Boulvard School 192 Southern Boulevard, Chatham, NJ 07928 | PK-3 | 2.4 mi |
Lafayette Elementary School, Chatham, NJ 221 Lafayette Avenue, Chatham, NJ 07928 | 4-5 | 2.9 mi |
Chatham Middle School, Chatham, NJ 480 Main Street, Chatham, NJ 07928 | 6-8 | 3.9 mi |
Chatham High School, Chatham, NJ 255 Lafayette Avenue, Chatham, NJ 07928 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 50 Mountain Ave
Date
Details
Price
Change
Source
10/01/2026
Listed
$1,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 50 Mountain Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,706
2%
$488,000
—
2022
$9,496
1%
$488,000
—
2021
$9,423
5%
$488,000
—
2018
$8,945
-1%
$488,000
—
2019
$9,048
4%
$488,000
—
2017
$8,721
2%
$488,000
—
2016
$8,584
—
$488,000
—
2015
$8,550
3%
$488,000
—
2013
$8,316
—
$488,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 50 Mountain Ave
50 Mountain Ave, Chatham Township, NJ 07928 (MLS# 4056228) is a Lots/Land property with a lot size of 1.16 acres. 50 Mountain Ave is currently listed for $1,595,000 and was received on October 01, 2026. Want to learn more about 50 Mountain Ave? Do you have questions about finding other Lots/Land real estate for sale in Chatham Township? You can browse all Chatham Township real estate or contact a Coldwell Banker agent to request more information.

