NOT LISTED FOR SALE

51 Model Ave Hopewell, NJ 08525

Estimated Value: $552,000 - $678,000

3 Beds
2 Baths
-- Sq Ft
6,242 Sq Ft Lot

Last Sold June 01, 2022

Last sale price $510,000

Est. 18% increase in value since last sale

Current estimated payment $4,287/month

2 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • 90% Forced Air Heating System
  • Hopewell Valley Central High School Rated A
  • Bungalow

About This Home

As of June 2022

This cute, craftsman-style home with Airbnb potential is a classic Borough house right around the block from Broad Street. The glass enclosed front porch functions as a three-season space and the perfect introduction. Inside, the woodwork and arched walls in the living room and dining room make these spaces feel downright cozy. Thanks to well-thought improvements, the kitchen opens into the dining room with a pull-up bar and features stainless steel appliances and a door to a side patio for easy grilling. Downstairs, the lower level includes a flexible room, a full bathroom and the laundry and has its own door to another patio and the driveway, making it an easy option for extra income. On the second floor, find three bedrooms, each loaded with charm, and another full bathroom. This one won’t last! Send Proof Funds or Current Pre Approval before showing will be approved. Sellers will be signing an Offer on this Home tomorrow end of Business Day 4/11/2022 Please send them in by end of business day 5:00pm.
Occupancy that can be accommodated is July 15th. Can close sooner and rent back also to accommodate the Buyer.

Last Agent to Sell the Property

Jennifer Curtis

Callaway Henderson Sotheby's Int'l-Princeton License #898424 Listed on: 04/08/2022

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Jennifer Curtis

Callaway Henderson Sotheby's Int'l-Princeton License #898424 Listed on: 04/08/2022

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,625

Year Built

  • Built in 1940

Lot Details

  • 6,242 Sq Ft Lot
  • Lot Dimensions are 60.00 x 104.00
  • Property is zoned R75

Parking

  • 1 Car Attached Garage
  • Side Facing Garage

Home Design

  • Bungalow
  • Combination Foundation
  • Block Foundation
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Cooling System Utilizes Natural Gas
  • 90% Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 05-00013-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,625

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-04-08
  • Federal Flood Zone: No
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: This cute, craftsman-style home with Airbnb potential is a classic Borough house right around the block from Broad Street. The glass enclosed front porch functions as a three-season space and the perfect introduction. Inside, the woodwork and arched walls in the living room and dining room make these spaces feel downright cozy. Thanks to well-thought improvements, the kitchen opens into the dining room with a pull-up bar and features stainless steel appliances and a door to a side patio for easy grilling. Downstairs, the lower level includes a flexible room, a full bathroom and the laundry and has its own door to another patio and the driveway, making it an easy option for extra income. On the second floor, find three bedrooms, each loaded with charm, and another full bathroom. This one won’t last! Send Proof Funds or Current Pre Approval before showing will be approved. Sellers will be signing an Offer on this Home tomorrow end of Business Day 4/11/2022 Please send them in by end of business day 5:00pm. Occupancy that can be accommodated is July 15th. Can close sooner and rent back also to accommodate the Buyer.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Combination
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 51

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: HOPEWELL VALLEY REGIONAL SCHOOLS
  • School District Key: 300200397266
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 137200.00
  • Land Assessed Value: 201100.00
  • Lot Size Acres: 0.14
  • Lot Dimensions: 60.00 x 104.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6242.00
  • Year Assessed: 2021
  • Zoning: R75

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2118147
  • Tax Annual Amount: 10625.00
  • Assessor Parcel Number: 05-00013-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/01/2022

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
May 25, 2022
Sold by
Atkinson and Karen
Bought by
Poten Sarah R
Seller's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$435,000
Sold Price
$510,000
Premium/Discount to List
$75,000
17.24%
Total Days on Market
2
Current Estimated Value
$599,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,802
Avg. Annual Appreciation
2.98%
Original Mortgage
$408,000
Outstanding Balance
$392,637
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$164,594

Purchase Details

Listed on
May 7, 2019
Closed on
Aug 15, 2019
Sold by
Carolyn D Amico Marin L and Amico Carolyn D
Bought by
Atkinson Michael and Atkinson Karen
Seller's Agent
David Depaola
David DePaola and Company Real Estate
Buyer's Agent
Jennifer Curtis
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$367,500
Sold Price
$360,000
Premium/Discount to List
-$7,500
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%
Original Mortgage
$329,248
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 1998
Sold by
D'Amico John
Bought by
D'Amico Mark
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Poten Sarah R $510,000 None Listed On Document
Atkinson Michael $360,000 None Available
D'Amico Mark $58,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poten Sarah R $408,000
Previous Owner Atkinson Michael $329,248
Previous Owner Damico Mark J $249,000
Previous Owner Amico Mark J D $133,387
Previous Owner Damico Mark J $121,890
Previous Owner Damico Mark J $124,291
Previous Owner Damico Mark J $40,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $510,000 +17.2% --
04/08/2022 04/08/22 For Sale $435,000 +20.8% --
08/15/2019 08/15/19 Sold $360,000 -2.0% $307 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $367,500 -- $314 / 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
2024 $11,198 $338,300 $201,100 $137,200
2023 $11,198 $338,300 $201,100 $137,200
2022 $10,822 $338,300 $201,100 $137,200
2021 $10,626 $338,300 $201,100 $137,200
2020 $10,477 $338,300 $201,100 $137,200
2019 $10,322 $338,300 $201,100 $137,200
2018 $9,875 $338,300 $201,100 $137,200
2017 $9,571 $338,300 $201,100 $137,200
2016 $9,259 $338,300 $201,100 $137,200
2015 $9,320 $338,300 $201,100 $137,200
2014 $9,259 $361,400 $242,900 $118,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJME2014704

Bright MLS

APN: 05-00013-0000-00012