Skip To Content

12 44th St

Maplewood Twp., NJ 07040
  • $1,100,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 3941536
UPDATED: 67 min ago
$1,100,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Combination of 2 lots (1016-1022 Chancellor Ave & 12 44th St )This property offers a unique opportunity for visionary developers, with several strategic options to maximize its potential. One immediate possibility is to rent the existing house while awaiting township approvals. This approach provides an interim income stream, ensuring the property generates value even during the planning phase. Renting the house also enables developers to maintain flexibility as they navigate the approval processes. Another compelling option is to demolish the existing structure and build townhouses, aligning with the character of the neighborhood, as evidenced by similar developments nearby. Developers can secure approvals to construct townhouses while renting the house during the waiting period to offset holding costs. This dual strategy supports a seamless transition from demolition to construction, leveraging both short-term and long-term revenue opportunities. Alternatively, developers may leave the house as is or convert it into a two-family residence, focusing construction efforts on Lot 17. For this option, merging the lots is essential to apply for a variance, an important step to unlock the full potential of the project. This flexible approach caters to developers interested in both immediate and phased development, making this property a versatile investment opportunity.

Monthly Payment Calculator



Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-02-11T13:46:37.793.
www.baerhomes.com/homes/159465360
Print Image

12 44th St Maplewood Twp., NJ 07040

  • Price: $1,100,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 67 min ago
  • MLS #: 3941536
0
Beds
0
Baths
0
½ Baths
0.35
Acres
County:
Essex
Area:
Maplewood Twp.
Property Description
Combination of 2 lots (1016-1022 Chancellor Ave & 12 44th St )This property offers a unique opportunity for visionary developers, with several strategic options to maximize its potential. One immediate possibility is to rent the existing house while awaiting township approvals. This approach provides an interim income stream, ensuring the property generates value even during the planning phase. Renting the house also enables developers to maintain flexibility as they navigate the approval processes. Another compelling option is to demolish the existing structure and build townhouses, aligning with the character of the neighborhood, as evidenced by similar developments nearby. Developers can secure approvals to construct townhouses while renting the house during the waiting period to offset holding costs. This dual strategy supports a seamless transition from demolition to construction, leveraging both short-term and long-term revenue opportunities. Alternatively, developers may leave the house as is or convert it into a two-family residence, focusing construction efforts on Lot 17. For this option, merging the lots is essential to apply for a variance, an important step to unlock the full potential of the project. This flexible approach caters to developers interested in both immediate and phased development, making this property a versatile investment opportunity.
Exterior Features

Approximate Lot Size 100x100 Land Improvements See RemarksSidewalksUtilities on Property Location Commercial Area Lot Description Backs to Park LandCornerIrregular LotLevel Lot Road Surface Description Blacktop/Asphalt Road Site Particulars Cleared Land - Part Topography At Road LevelLevel Type Of Trees No TreesSee Remarks

Property Features

Assessment Total 30000 Building Assessment 0 Buildings Included ResidenceSee Remarks Currently Used For ResidentialVacant/Improved Development Restrictions See Remarks Development Status Raw LandSee RemarksVariance - Buyer to SecureVariance Required to Build Documents Available Aerial Photo(s)See Remarks Easement No Fha Age Restricted No Land Assessment 30000 Minimum Size 50 x 110 Miscellaneous Info See Remarks Percolation Test Unnecessary (Sewer) Services Cable TV AvailableFiber Optic Available Sewer Info Public Sewer on Property Soil Type GravelRocky/Shale Tax Amount 16092 Tax Rate Amount 2.313 Tax Rate Year 2024 Tax Year 2024 Utilities Info ElectricGas Water Info Public Water on Property Zoned Info Residential 2 FamilyResidential Condominium/TownhouseResidential Multi-Family Zoning Commercial

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 908-422-8621.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Baer & McIntosh. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Corcoran Baer & McIntosh are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-02-11T13:46:37.793.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_1_3941536-2.jpg
Logo
Corcoran Baer & McIntosh
97 South Broadway
South Nyack NY, 10960