For Sale318d on market
7 Cherry St
Newton, NJ, 07860 • 07860 • Sussex County
$175,000
-$25,000 since Dec 8, 2025
3.7 acLot
This home is getting attention
Listed 318 days ago · 258 views · 10 saves
Market activity
Demand and pricing signals for this listing
258 views
People checking out this listing
10 saves
Buyers have saved this home
318 days on market
Established listing
About this home
Lot
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.
Estimated monthly payment
Based on current rates
$1,141/month
Principal & Interest$908
Property Tax$175
Insurance$58
Down payment20% ($35,000)
3%50%
Est. 6.75% rate · 30yr fixed · $140,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerPublic Water in Street / Public Sewer on Property
Parking & Outdoor
Lot3.73 Acres
Location & Tax
Neighborhood07860
Annual tax$14,297
Parcel15000050400005
Features & details
1 category of property features
Exterior Features
Lot Features
Level
Split Possible
Wooded
Rural Lot
Listing insights
Market data and value estimates
StatusFor Sale
Days on market318
Est. rent$2,310/mo
Tax rate2.05%
On marketMay 27, 2025
PostedMay 27, 2025
MLS statusActive
MLS updatedMar 25, 2026
Tour days6
Views258
Favorites10
How are the schools in Newton?
3 schools rated nearby
Location
Newton, NJ, 07860
Price history
5 events
DateEventPrice$/sqftSource
Dec 8, 2025Price Change$175,000—GSMLS
Jun 26, 2025Price Change$200,000—GSMLS
May 27, 2025Listed For Sale$250,000—GSMLS
Mar 21, 2024Listing Removed——GSMLS
Mar 29, 2023Listed For Sale$630,000—GSMLS
Price Change$175,000
Dec 8, 2025•GSMLS
Price Change$200,000
Jun 26, 2025•GSMLS
Listed For Sale$250,000
May 27, 2025•GSMLS
Listing Removed—
Mar 21, 2024•GSMLS
Listed For Sale$630,000
Mar 29, 2023•GSMLS
Tax history
11 years of records
YearTax paidAssessed value
Apr 11, 2025$14,298$524,300
Apr 11, 2024$14,298$524,300
Apr 11, 2023$18,848$419,400
Apr 11, 2022$28,426$630,000
Apr 11, 2021$28,300$630,000
Apr 11, 2020$27,002$630,000
Apr 11, 2019$26,857$630,000
Apr 11, 2018$26,699$630,000
Apr 11, 2017$26,271$630,000
Apr 11, 2016$25,578$630,000
Apr 11, 2015$25,049$630,000
Nearby homes
Neighborhood details
Local context around this listing
Newton, NJ • Sussex County
Nearby neighborhoods
Crandon Lakes
Nearby cities
AndoverFranklinHamburgHighland LakeHopatcongNewtonSparta TownshipStanhope
Nearby zip codes
07855078600787507877
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