$440,000
PENDING

28 Oak Ln New Egypt, NJ 08533

Estimated payment $2,891/month

Total Views 7,861
4 Beds
2 Baths
1,300 Sq Ft
$338 Price per Sq Ft

Highlights

  • Wood Flooring
  • Zoned Heating and Cooling
  • Level Lot
  • Landscaped with Trees
  • Fenced
  • 1-Story Property

About This Home

Newly renovated duplex in New Egypt, NJ, offering an excellent investment opportunity. Live in one unit while collecting rent from the other, or enjoy turnkey cash flow as a full-time investor. The property features a large front and back yard with ample parking, located just five miles from McGuire Air Force Base, making it highly attractive to military tenants.Recent upgrades include a brand-new roof, updated bathtub in Unit A, a reverse osmosis water filtration system for Unit B, and a fully rebuilt crawl space with retaining walls, new water heaters, sump pumps, and plumbing.Both units are rented. This is a solid investment opportunity ready to generate income immediately.

Listing Agent

Joseph Spinella

Keller Williams Realty Monmouth/Ocean License #1754505 Listed on: 02/11/2025

Keller Williams Realty Monmouth/Ocean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,276

Year Built

  • Built in 1964

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Level Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Schools

  • New Egypt Middle School
  • New Egypt High School

Utilities

  • Zoned Heating and Cooling
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • 2 Units
  • Plumsted Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24-00095-0000-00073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,276

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Level, Treed Lots
  • Subdivision Name: Plumsted Ridge
  • Reso Flooring: Wood, Linoleum, Vinyl, Ceramic Tile
  • Year Built: 1964
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Location Middle School: New Egypt
  • WaterSewer Well: Yes
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • Lot Description Treed Lots: Yes
  • Floors Ceramic Tile: Yes
  • Floors Vinyl3: Yes
  • Floors Wood: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Floors Linoleum: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fence
  • Acres: 0.3
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Well

Schools

  • Middle Or Junior School: New Egypt

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-00095-0000-00073
  • Zoning Description: Single Family, Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5276.0
  • Tax Other Annual Assessment Amount: 169600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: New Egypt

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $4,923 $169,600 $86,600 $83,000
2023 $4,698 $169,600 $86,600 $83,000
2022 $4,698 $169,600 $86,600 $83,000
2021 $4,533 $169,600 $86,600 $83,000
2020 $4,428 $169,600 $86,600 $83,000
2019 $4,337 $169,600 $86,600 $83,000
2018 $4,413 $169,600 $86,600 $83,000
2017 $4,337 $169,600 $86,600 $83,000
2016 $4,274 $169,600 $86,600 $83,000
2015 $4,154 $169,600 $86,600 $83,000
2014 $4,057 $169,600 $86,600 $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Pending -- -- --
02/11/2025 02/11/25 For Sale $440,000 +20.5% $338 / Sq Ft
09/08/2023 09/08/23 Sold $365,000 +1.4% --
07/28/2023 07/28/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $360,000 +47.7% --
10/09/2020 10/09/20 Sold $243,800 -2.4% $188 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $249,900 -- $192 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $371,000 Catic Title
Warranty Deed $243,800 Counsellors Title Agency Inc
Deed $250,500 --
Deed $118,000 --
Deed $118,000 --
Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $364,280 New Conventional
Previous Owner $71,093 Credit Line Revolving
Previous Owner $239,384 New Conventional
Previous Owner $200,000 Fannie Mae Freddie Mac
Previous Owner $20,000 Unknown
Previous Owner $116,176 FHA
Previous Owner $76,000 No Value Available
Closed $25,000 No Value Available
Source: Public Records

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22503835

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-00095-0000-00073