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    282 Mount Kemble Ave Morristown, NJ 07960

    For Sale
    $345,000

    Large lot near downtown Morristown, build your dream home.

    Property Features for 282 Mount Kemble Ave

    General Information

    Standard status
    Active

    Source: WEICHERT REALTORS CORP HQ Agent MICHAEL ELMS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Building Lot Near Downtown

    A 0.57-acre building lot is available for sale, situated less than 1.5 miles from downtown Morristown. This property offers the opportunity to design and construct a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4990992
    Latitude
    40.7790305

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    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near downtown Morristown, build your dream home.
    Where is this residential land & home lot located?
    The property is located at 282 Mount Kemble Ave Morristown, NJ.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Large .57 acre building lot.; - Close proximity (less than 1.5 miles) to vibrant and bustling downtown Morristown area.; - Opportunity to design and build a custom dream home.
    Request Owner's contact information
    282 Mount Kemble Ave Morristown, NJ 07960
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    Morristown, NJ 07960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    282 Mount Kemble Ave Morristown, NJ 07960
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