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$175,000
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Property Description
Prime 3.73-Acre Development Opportunity in the Heart of Newton, NJ. Discover the potential of this rare 3.73-acre wooded parcel ideally located within walking distance to vibrant Spring Street in historic Newton, New Jersey. Zoned for cluster development, this unique property offers the opportunity to build up to three single-family homes. Perfect for developers, investors, or anyone looking to create a private residential enclave just steps from the town's dynamic center. Nestled among mature trees and natural beauty, the property offers privacy and tranquility while remaining incredibly accessible. Enjoy close proximity to a wide range of local amenities, including boutique shopping, diverse dining options, and the renowned Newton Theatre, a cultural landmark known for live music, comedy, and performing arts.Whether you're envisioning a charming trio of custom homes or a small community tucked into nature with urban conveniences, this parcel offers the best of both worlds.Don't miss this exceptional opportunity to invest in one of Sussex County's most desirable walkable neighborhoods.
Full Property Details
Full Property Details for 7 Cherry St
General
- Price: $175,000
- Taxes: $14,297 (2024)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 3965375
- Updated: 12/8/2025
- Added to Site: 235 day(s) ago
Location
- County: Sussex
- Driving Directions: Newton Sparta Rd to Diller Ave in NewtonTake Trinity St to Mill St Continue onto Mill St. Left on Harrison ST Right on Cherry St
- Total Lots Available: 1
School Information
- Elementary School: MERRIAM AV
- Middle School: HALSTED ST
- High School: NEWTON
Utilities
- Sewer: Public Sewer on Property
- Water: Public Water in Street
Lot Features
- Lot Size (Acres): 3.73
- Lot Size: 3.728 AC
- Street/Road Desc.: Blacktop/Asphalt Road
- Present Use: Vacant/Unimproved
- Zoning: T2, See Remarks
- Lot Description: Level Lot, Possible Subdivision, Wooded Lot
Financial Considerations
- Assessment Amount: $524,300
- Land Assmt: $524,300
- Tax Amount: $14,297
- Tax Year: 2024
Disclosures and Reports
- Block: 5.04
- Lot Number: 5
Listed by Re/Max Platinum Group
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Schools
Schools serving 7 Cherry St
School District:Newton Town School District
| Name | Grades | Distance |
|---|---|---|
Halsted Street Middle School 59 Halsted Street, Newton, NJ 07860 | 6-8 | 0.6 mi |
Merriam Avenue Elementary School 81 Merriam Avenue, Newton, NJ 07860 | PK-5 | 1.2 mi |
Newton High School 44 Ryerson Avenue, Newton, NJ 07860 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 Cherry St
Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$175,000
-12.5%
MLS
6/26/2025
Price Reduced
$200,000
-20%
MLS
5/27/2025
Listed
$250,000
—
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 7 Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,298
-24%
$524,300
—
2023
$18,848
-34%
$524,300
25%
2022
$28,426
—
$419,400
-33%
2021
$28,300
2%
$630,000
—
2020
$27,865
3%
$630,000
—
2019
$27,002
1%
$630,000
—
2018
$26,857
1%
$630,000
—
2017
$26,699
2%
$630,000
—
2016
$26,271
3%
$630,000
—
2015
$25,578
2%
$630,000
—
2013
$24,968
—
$630,000
—
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 7 Cherry St
7 Cherry St, Newton, NJ 07860 (MLS# 3965375) is a Lots/Land property with a lot size of 3.73 acres. 7 Cherry St is currently listed for $175,000 and was received on May 27, 2025. Want to learn more about 7 Cherry St? Do you have questions about finding other Lots/Land real estate for sale in Newton? You can browse all Newton real estate or contact a Coldwell Banker agent to request more information.

