$460,000
SOLD MAY 9, 2025

45-47 Magnolia Ave Plumsted, NJ 08533

4 Beds
3 Baths
2,096 Sq Ft
0.84 Acres

Recently Sold

$219 Per Sq Ft

12% Below List Price

64 Days on Market

Highlights

  • 1 Fireplace
  • 6 Car Garage
  • Recessed Lighting
  • Gazebo
  • Air Conditioning
  • Parking Storage or Cabinetry

About This Home

As of May 2025

***Investment Opportunity*** Priced to sell.Calling Contractors/Investors. Seize this rare opportunity to own 2 homes on 1 lot, perfect for mother/daughter, multi-generational living and/or rental income with potential for subdivision- 2 Detached Homes, 3 Kitchens, 4 beds, 3 full baths. 2000sf Garage, Shed & Private Outdoor Oasis! This exceptional property has public sewer/water, gas cooking, backed up to woods. Home 1-45 Magnolia is 660 sq ft featuring 2 bedrooms, laundry, kitchen, full bath, living room. Home 2-47 Magnolia is 1436 sq ft, divided into 2 units, each with a kitchen, full bath, bedroom, and living room, sharing a convenient laundry room. The property also includes a massive detached two-story garage that can fit 5-6 cars, with extra loft space perfect for a home gym, office, or studioendless possibilities for customization.

Enjoy the outdoors with a fenced-in yard, a charming gazebo, ideal for entertaining or relaxing. Short walk to the charming town of New Egypt and Laurita Winery.
Both homes share a spacious driveway, making this property not only versatile but also practical. With some TLC this is an opportunity not to be missed!

Last Agent to Sell the Property

Tracy Portaro

RE/MAX First Class License #2186929 Listed on: 01/16/2025

RE/MAX First Class

Last Buyer's Agent

Kris Alino

M. Van Sciver REALTORS License #8733382

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,586

Year Built

  • Built in 1940

Lot Details

  • 0.84 Acre Lot

Parking

  • 6 Car Garage
  • Parking Storage or Cabinetry
  • Workshop in Garage
  • Unpaved Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,096 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • 1 Fireplace
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Gazebo
  • Shed

Schools

  • New Egypt Middle School
  • New Egypt High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Personal Property. 2 Smaller sheds may be negotiable.
  • Assessor Parcel Number 24-00001-0000-00033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,586

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Reso Interior Features: Recessed Lighting
  • New Construction: No
  • Reso Other Structures: Shed
  • Year Built: 1940
  • Contract Info List PriceSqFt: 238.55
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: New Egypt
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Recessed Lighting: Yes
  • Parking Unpaved: Yes
  • Garage Oversized: Yes
  • Exterior Gazebo: Yes
  • Cooling Multi Units: Yes
  • Garage Storage Above: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Garage Workshop2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Garage:Direct Access: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.84
  • Waterfront: No
  • Exclusions: Personal Property. 2 Smaller sheds may be negotiable.
  • Patio And Porch Features: Gazebo
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Parking Features: Storage Above, Direct Access, Covered, Unpaved, Detached, Oversized, Workshop in Garage
  • General Property Info:Garage: Yes
  • Parking:Covered2: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: New Egypt

Lot Info

  • Lot Size Sq Ft: 36590.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-00001-0000-00033
  • Zoning Description: Non-Conforming, Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6586.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • High School: New Egypt

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2025 05/09/25 Sold $460,000 -8.0% $219 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
01/29/2025 01/29/25 Price Changed $500,000 -4.8% $239 / Sq Ft
01/16/2025 01/16/25 For Sale $525,000 -- $250 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tracy Portaro

    RE/MAX

    (917) 977-0874

    2 in this area

    30 Total Sales

    Tracy Portaro
    Section Image

  • K

    Buyer's Agent in 2025

    Kris Alino

    M. Van Sciver REALTORS

    (732) 779-0560

    1 in this area

    31 Total Sales

    Kris Alino
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22501355

MOREMLS (Monmouth Ocean Regional REALTORS®)
New Jersey Ocean County Plumsted 08533

45-47 Magnolia Ave, Plumsted, NJ

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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