2 months on rocket

45-47 Magnolia Ave, New Egypt, NJ, 08533

$525,000

Home List Price

$6,234*

Closing Credit

4 Bedrooms
3 Full Baths
2,096 SqFt
$250/SqFt
Multi

Location

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45-47 Magnolia Ave, New Egypt$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingUnpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage
Garage5 spaces
Year Built1940
HeatingBaseboard
CoolingMulti Unit(s)
BasementYes
ViewTrees/Woods
MLS #22429417
Lot Size0.84 Acres
StatusActive

About 45-47 Magnolia Ave

***Investment Opportunity*** 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 a little TLC this is an opportunity not to be missed!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 2,096 SqFt

Listing Office:

  • Office Name: RE/MAX First Realty
  • Listing Agent: Tracy Portaro

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Attic, Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Trees/Woods
  • Exterior: Fence, Gazebo

Parking Information:

  • Garage Space: 5 spaces
  • Attached Garage: No
  • Parking: Unpaved, Detached, Direct Access, Oversized, Storage, Workshop in Garage

Lot Features

Lot Information:

  • Lot: Fencing, Wooded
  • Lot Size: 0.84 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Multi Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $250/SqFt

Tax Information:

  • Annual Amount: $5,527
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Egypt, NJ.

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New Egypt, NJ

City

Med. Sold Price

$560.5K

Med. Price/SqFt

$270

Avg. Days On Market

21

# of Sold Homes

10

45-47 Magnolia Ave vs New Egypt

71 DAYS ON ROCKET

+50 Days

$525,000

-$35.5K Less

$250/SqFt

-$20 Less

KEY TAKEAWAY

This property is $35.5K less than the Median Sold Price and $20/SqFt less than other homes in New Egypt, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22429417

Listing Office:

  • Office Name: RE/MAX First Realty
  • Listing Agent: Tracy Portaro

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,527$211,700
2019$5,508$211,700
2018$5,413$211,700
2017$5,413$211,700

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4312274
6
/10

  • Dr. Gerald H. Woehr Elementary School

  • 44 N Main St

  • 0.45 miles

  • Public District Grades 2-5

school-card-donut-4312275
4
/10

  • North Hanover Township Upper Elementary School

  • 351 Monmouth Rd

  • 3.42 miles

  • Public District Grades 5-6

school-card-donut-4312276
4
/10

  • Clarence B. Lamb Elementary School

  • 46 Schoolhouse Rd

  • 3.54 miles

  • Public District Grades 1-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,262. The majority of New Egypt, NJ residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Ocean County›New Egypt›08533›45-47 Magnolia Ave

This home is located at 45-47 Magnolia Ave in New Egypt, NJ and zip code 08533. This 2,096 square foot home, which was built in 1940, sits on a 0.84 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $525,000.

In November 2024 more than 0 listings in New Egypt, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below. The number of listings in New Egypt, NJ decreased by 12.2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $560,590, while the average time on the real estate market was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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