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59 Falson Lane

Morganville NJ 07751

4
3
2554 sq. ft.
1046311 sq. ft.
Single-Family
Currently for sale - view listing

Overview

UNIQUE DEVELOPMENT OPPORTUNITY! Calling all interested BUYERS AND INVESTORS, this is a home with MUCH value in its LAND! This is a spacious 4 bedroom ranch property that is sitting on a vast approximate 25 acre land. This home has 3 full baths and 9 rooms in total. This property comes with an in-unit washer/dryer that is located in its separate pantry-room. The kitchen is spacious and tiled, housing a multitude of wooden pantries for easy and stylish storage. From the bright skylights, ceiling fans in every room, breezy upstairs balcony, expansive deck, storage attic, and unfinished basement- this nature surrounded home is a wonder to live in. The estimated value for the property (in move-in condition) is about $850, 000., and the land is over $1, 000, 000. Five acre land has been sold for about $300, 000. and more. Newly built homes in the area have quickly sold in a range of $1, 000, 000-$2, 000, 000 each depending on size, design, and fixtures. Combined with approx. 25 acres of land and the beautiful property sitting on it, the asking price for this property is $1, 500, 000. With over 20 useable acres as per the wetlands report, this land can potentially be subdivided and built on in approximate 5 acre parcels, with the potential to build around 4 additional single family homes that may range from 3, 000-6, 000 square feet after subdivision. Permitted uses under present zone: cluster development, golf course, swim club, government bldgs, single family dwellings, Treed & cleared property. This home is surrounded by lush greenery and wildlife of all kinds. You will frequently see deer and turkeys grazing around the property. Very safe and tranquil. The land offers much potential and nature.

Features

4 bedrooms
3 bathrooms
2554 sq. ft. floor area
1046311 sq. ft. lot size
Single-Family

Property history for 59 Falson Lane

2022
Sold
$709,000
31 Aug 2022 by Aleksandr Pritsker, of Team Blackstar

Happy sellers in Morganville

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Local market activity for 4 bedroom single-family properties in Morganville

In the last 12 months, 54 four-bedroom single-family properties similar to 59 Falson Lane, have been sold.

This represents a 14% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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