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$750,000 Just Listed
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Property Description
Situated on an oversized 0.57-acre lot (approximately 174' x 140') on a beautiful, tree-lined residential street, this property presents a primeopportunity for those with a vision. With generous frontage and substantial lot depth, the site offers strong potential for redevelopment, expansion, or acustom new build.Located in an established neighborhood surrounded by mature trees and well-kept homes, this is an ideal setting for a high-value project.The existing structure is a 3-bedroom, 1-bathroom Cape Cod and includes a large garage and full basement, offering additional flexibility for storage orinterim use during planning and development. The home is being sold in 'as-is' condition. Value is in the land and its development potential.
Full Property Details
Full Property Details for 124 Gates Ave
General
- Price: $750,000
- Taxes: $9,303 (2025)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 4019562
- Updated: 4/9/2026
- Added to Site: 3 day(s) ago
Location
- County: Morris
- Subdivision: Gillette
- Driving Directions: Right on Torbet Rd, Right onto Gates Ave
- Total Lots Available: 1
Utilities
- Sewer: Public Sewer in Street
- Water: Public Water on Property
Lot Features
- Lot Size (Acres): 0.57
- Lot Size: 0.575 AC
- Street/Road Desc.: Public Maintained Road
- Zoning: Residential 1 Family
Financial Considerations
- Assessment Amount: $463,600
- Improve Assmt: $169,800
- Land Assmt: $293,800
- Tax Amount: $9,303
- Tax Year: 2025
Disclosures and Reports
- Block: 13502
- Lot Number: 4
Listed by Exp Realty, Llc
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Price & Sales History for 124 Gates Ave
Date
Details
Price
Change
Source
4/09/2026
Listed
$750,000
—
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 124 Gates Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,208
2%
$422,700
3%
2023
$9,005
-9%
$410,700
2%
2022
$9,848
—
$401,100
-8%
2021
$9,803
—
$434,400
9%
2021
$9,803
6%
$398,100
2%
2018
$9,262
2%
$389,800
1%
2017
$9,061
2%
$384,600
2%
2016
$8,868
4%
$377,700
29%
2015
$8,553
-10%
$291,700
-26%
2019
$9,456
10%
$395,300
36%
2013
$8,623
—
$291,700
—
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 124 Gates Ave
124 Gates Ave, Long Hill Township, NJ 07933 (MLS# 4019562) is a Lots/Land property with a lot size of 0.57 acres. 124 Gates Ave is currently listed for $750,000 and was received on April 09, 2026. Want to learn more about 124 Gates Ave? Do you have questions about finding other Lots/Land real estate for sale in Gillette? You can browse all Gillette real estate or contact a Coldwell Banker agent to request more information.

