Moorestown Real Estate

Main Street (formerly the King's Highway) follows a ridge that had been occupied by the historic Lenni Lenape Native Americans. Two fine springs, one to the west (off Main Street before reaching the Perkins Center for the Arts, just by Roberts Elementary School) and one to the east (off North Stanwick Road) drew Native Americans and traders to the area.

In 1682, John and Sarah Roberts became the first English-speaking residents of Moorestown when they began to live in their home where the Roberts Monument is presently located on County Route 537 at the intersection with Route 73.[28][29] In May 1686, three years after the founding of Philadelphia, John Rodman bought 500 acres (2.0 km2) on the west side of Chester Township, and Thomas Rodman bought 533 acres (2.2 km2) in the same area; this soon became known as the Village of Rodmantown. The growing area around the eastern spring was known as the Village of Chestertown.[30]

In 1700, the first Society of Friends' Meeting House, built of logs, was erected on the King's Highway. Originally known as Meeting House Lane, Chester Avenue was laid out in 1720. The community at that time probably consisted of a few farmhouses along the King's Highway from Stanwick Road to Locust Street.[31]

Thomas Moore and his wife Elizabeth settled here in 1722. In 1732, Moore purchased 33 acres (130,000 m2) of land on the north side of the King's Highway. The land ran from the west side of the Friends' graveyard on the northwest corner of the King's Highway and Meeting House Lane on the east, and west to Locust Street on the western boundary of his property and north to Second Street. Moore set up a hotel on the northwest corner of the King's Highway and Union streets (Cornerstone Bank and the Wawa now occupy opposite corners there). Given Moore's extensive property ownership, the name Moorestown gradually replaced Chester informally in the center of town. Finally, Moorestown formerly split off from Chester and became a Township.[21]

The Coles Hotel, east of the corner of Main and Chester, was a stop on the stagecoach route connecting Camden with Trenton and Philadelphia. Construction of the railroad in 1867 superseded the stagecoaches and connected Mount Holly Township and Camden.[32]

A tavern built in 1745 by John Cox at what is now Main and Schooley streets was taken over in 1778 during the Revolutionary War by Hessian officers retreating from Philadelphia. In the years after the war, it was used for a town hall before 1812, when what is now called "Old Town Hall" was constructed.[33]

A house constructed in 1742 by John Cowperthwaite at King's Highway and Lenola Road is listed in the Library of Congress with details of the house recorded in 1937 by the Historic American Buildings Survey of the United States Department of the Interior.[33]

Quakers built Moorestown's first two schools in 1785. A brick schoolhouse was located near what is now the intersection of Route 73 and the Kings Highway overpass. A stone schoolhouse was located adjacent to the present Friends Meeting House at the intersection of Chester Avenue and Main Street. The first district school was opened in 1810. The first free Moorestown public school was established in 1873.[34]

Vernon Hill's 46,000 square feet (4,300 m2) mansion Villa Collina—Italian for "Hill House"—the largest private residence in New Jersey, is located in Moorestown.[35]

Moorestown's Quaker heritage is discussed in Moorestown resident and native historian William H. Kingston's book, Moorestown's Third Century: The Quaker Legacy.

Moorestown - Town vs. County Stats

Avg Price in Moorestown: $599,000 / County Avg $605,700

99%

Avg Sq. Ft. in Moorestown: 1,957 / County Avg 2,169

90%

Avg Price per/sqft in Moorestown:$306 / County Avg $279

110%

Avg Days on Website in Moorestown: 38 / County Avg 50

76%

Moorestown Real Estate Market Health

New Listings
Reductions
Foreclosures
Short Sales