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    5 Willow Ave Far Hills, NJ 07931

    • Land
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5 Willow Ave

    Lot size
    0.41 lot acres
    Property type
    Land

    Description

    This 0.41-acre residential building lot, located at 5 Willow Ave, Far Hills, NJ 07931, is zoned R-18 and presents a unique opportunity for development. Situated in the desirable Somerset Hills, this "in-town" property offers convenient access to the train station, library, shops, and restaurants. Peapack-Gladstone is known for its charming atmosphere and is consistently ranked among New Jersey's top places to live. Residents enjoy a strong sense of community, with local events, farmers' markets, and recreational facilities. The property's location provides easy access to outdoor activities, including nearby parks, trails, and equestrian facilities. This exceptional lot is being offered via online auction concluding Thursday, December 5, 2024, at 11:00 AM. The property information package can be downloaded after pre-registration. This is an excellent opportunity to build in a highly sought-after community. Somerset County location provides access to excellent schools and amenities. The property is conveniently located near various community amenities, fostering a vibrant and welcoming atmosphere.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Far Hills
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.658
    Latitude
    40.7162

    Comparable in this City

    • Value Estimation
      $340,000
      4,032 SF

      25 Dumont Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,032 SF
      25 Dumont Rd, Far Hills, NJ 07931
      View Details
    • Value Estimation by Request
      3,768 SF

      66 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,768 SF
      66 Main St, Far Hills, NJ 07931
      View Details
    • Value Estimation by Request
      5,952 SF

      21 Rte 202

      COMMERCIAL (GENERAL) • 5,952 SF
      21 Rte 202, Far Hills, NJ 07931
      View Details
    • Value Estimation by Request
      2,835 SF

      37 Dumont Rd

      COMMERCIAL (GENERAL) • 2,835 SF
      37 Dumont Rd, Far Hills, NJ 07931-2814
      View Details
    • Value Estimation by Request
      1,752 SF

      41 Rte 202

      COMMERCIAL (GENERAL) • 1,752 SF
      41 Rte 202, Far Hills, NJ 07931
      View Details
    • Value Estimation by Request
      2,550 SF

      43 Dumont Rd

      COMMERCIAL (GENERAL) • 2,550 SF
      43 Dumont Rd, Far Hills, NJ 07931
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Private 60-Acre Land Parcel

      60-acre property with open fields and wooded surroundings.
      2 Old Chester Gladstone, Far Hills, NJ 07931
      View Details
    • $3,799,000
      Pending

      Secluded Land Parcel in Mendham

      39.05 acres of land with woodland, meadows, and pond.
      11 Wright Ln, Far Hills, NJ 07931
      View Details
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    5 Willow Ave
    Far Hills, NJ 07931
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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
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