$381,500
SOLD MAY 7, 2025

18 Rancocas Ln Browns Mills, NJ 08015

-- Bed
-- Bath
3,074 Sq Ft
0.34 Acres

Recently Sold

$124 Per Sq Ft

16% Above List Price

13 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Circular Driveway
  • Creek or Stream
  • A-Frame Home
  • 90% Forced Air Heating and Cooling System
  • 3-minute walk to Reflections Park

About This Home

As of May 2025

Two-Family Creekfront Home with Income Potential – Live in One, Rent the Other!

Nestled along the picturesque Rancocas Creek, this oversized lot offers a rare opportunity to enjoy waterfront living while generating rental income. This versatile two-family home is ideal for investors or multi-generational living, with separate electric and gas meters for convenience.

Each unit offers 2 bedrooms, with one featuring 1.5 baths and the other offering 2 full baths. The home boasts a full basement recently waterproofed, ensuring durability and peace of mind. One side even includes a home generator, adding extra security during storms.

Outside, the circular driveway provides ample parking, while the spacious lot offers endless possibilities for outdoor enjoyment, whether it’s relaxing by the water or entertaining guests. With just a few finishing touches, this property can truly shine!

Located in a highly commutable area, you’ll be just minutes from McGuire Mega Base, Deborah Hospital, shopping, and dining, making it a prime location for renters or homeowners alike.

Don’t miss out on this dual-income opportunity in a sought-after location! Schedule a tour today.

Last Agent to Sell the Property

Patricia Pugliese

(856) 905-0471 pat@crownrealtynj.com Crown Realty Inc License #7943240 Listed on: 03/05/2025

Co-Listed By

Nicole Urso

(856) 905-0473 nikkiu99@yahoo.com Crown Realty Inc

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,003

Year Built

  • Built in 1944

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 120.00 x 122.00
  • 120 Feet of Waterfront
  • Creek or Stream

Parking

  • Circular Driveway

Home Design

  • 3,074 Sq Ft Home
  • Duplex
  • A-Frame Home
  • Block Foundation
  • Frame Construction

Outdoor Features

  • Water Access

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 00044
  • Assessor Parcel Number 29-00557-00044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,003

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1944
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 3074
  • Living Area Sq Ft: 3074
  • Price Per Sq Ft: 107.35
  • Above Grade Finished Sq Ft: 3074
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: Yes
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No
  • Water Frontage In Feet: 120

Garage/Parking

  • Garage: No
  • Parking Features: Circular Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.34
  • Lot Dimensions: 120.00 x 122.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14636.00
  • Zoning: 2FAMILY

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7003.00
  • Assessor Parcel Number: 29-00557-00044
  • Tax Lot: 00044
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: PEMBERTON TOWNSHIP SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Apr 16, 2025
Sold by
Frankowski Joseph Walter and Lang Lindsey
Bought by
Chacon Tejada Properties Llc
Seller's Agent
Patricia Pugliese
Crown Realty Inc
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$330,000
Sold Price
$381,500
Premium/Discount to List
$51,500
15.61%
Views
78
Current Estimated Value
$401,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,058
Avg. Annual Appreciation
9.95%
Original Mortgage
$286,125
Outstanding Balance
$284,848
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$116,710

Purchase Details

Closed on
Feb 24, 1995
Sold by
Frankowski Walter and Frankowski Josephine
Bought by
Frankowski Joseph Walter
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $381,500 Wfg National Title
Deed $381,500 Wfg National Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $286,125 New Conventional
Closed $286,125 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2025 05/07/25 Sold $381,500 +15.6% $124 / Sq Ft
03/18/2025 03/18/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $330,000 -- $107 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,004 $228,500 $37,800 $190,700
2024 $6,572 $228,500 $37,800 $190,700
2023 $6,572 $228,500 $37,800 $190,700
2022 $6,083 $228,500 $37,800 $190,700
2021 $5,834 $228,500 $37,800 $190,700
2020 $5,614 $228,500 $37,800 $190,700
2019 $5,377 $228,500 $37,800 $190,700
2018 $5,194 $228,500 $37,800 $190,700
2017 $5,086 $228,500 $37,800 $190,700
2016 $4,164 $111,400 $24,800 $86,600
2015 $4,131 $111,400 $24,800 $86,600
2014 $3,949 $111,400 $24,800 $86,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2082248

Bright MLS

APN: 29-00557-0000-00044