2 Cliffwood Avenue, Matawan, NJ, 07747
About This Home
Prime Residential Development Opportunity on Cliffwood Avenue Rare opportunity to acquire a 1.5-acre parcel with approximately 221 feet of frontage on Cliffwood Avenue, offering potential subdivision into approximately 5-6 single-family lots, subject to municipal approvals. The size, frontage, and location make this an attractive opportunity for builders or investors seeking a small-scale residential development project. Minutes to train service, near a bus stop, and convenient to Route 34 and the Garden State Parkway, the property offers strong commuter appeal. Also included is an updated 1,560 sq. ft. 3-bedroom, 2.5-bath colonial, offering potential rental income or interim use while subdivision plans are explored. hardwood floors, an updated kitchen with granite countertops, a sunken family room, vaulted primary bedroom ceiling, and abundant natural light throughout. The home is clean and move-in ready, and may be occupied or rented for income during the approval process.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1915
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Dec Molding
- Flooring: Wood
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: See Remarks
- Cooling features: Other
Interior Area
- Total structure area: 1,560
- Total interior livable area: 1,560 sqft
Property
Details
- Parcel number: 0100157000000002
- Zoning description: Commercial, Neighborhood
- Exclusions: Personal Belongings
Features
- Stories: 2
Lot
- Lot size: 1.75 Acres
- Lot size dimensions: 201 x 379
Parking
- Parking features: Asphalt
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Heat Wave
- Lightning
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,074 | $84,888 |
| Home Insurance * | $438 | $5,256 |
| Property Taxes | $2,136 | $25,632 |
| Electricity | $193 | $2,318 |
| Total | $9,841 | $118,092 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Price change | $1,399,000 |
| 2025-12-30 | Listed for sale | $1,450,000 |
| 2021-01-20 | Listing removed | -- |
| 2020-08-10 | Listed for sale | $1,300,000 |
| 1996-02-23 | Sold | $65,000 |
For Sale by Agent
View on Zillow