When was 40 Model Ave, Hopewell Boro, NJ last sold?

The most recent recorded sale was in 2024 for $510,000.

What is the assessed value of 40 Model Ave, Hopewell Boro, NJ?

The total municipal assessment is $294,100 (land plus improvements).

What is 40 Model Ave, Hopewell Boro, NJ worth?

Our model estimates a market value of $516,936, derived from comparable recorded sales nearby.

How many units does 40 Model Ave, Hopewell Boro, NJ have?

Records show 1 dwelling unit at 40 Model Ave, Hopewell Boro, NJ.

What kind of property is 40 Model Ave, Hopewell Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1900.

parceldata.nj

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40 Model Ave, Hopewell Boro, NJ — owner, sales, deeds · parceldata

40 Model Ave

Hopewell Boro, NJ 08525·Mercer County

1105·block 11·lot 22

$516,936estimated value

Last sale

$510,000

8/12/2024 · SR1A 2025

1 other property share this owner's mailing address.View portfolio →

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1900

Building size

—

Lot size

0.27 ac

Land description

50X237 AVG

Building description

2SF 1G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$294,100

Land value

$175,800

Improvement value

$118,300

Last year's tax

$10,114

Last MOD-IV sale

$510,000

MOD-IV deed date

6/4/2024

Owner mailing address

40 MODEL AVE
HOPEWELL NJ 08525

Estimated market value

$516,936

range $467,337 – $580,381

high confidence

Assessment-implied: $409,838; Director's Ratio 0.7176 (2025)
Comp-implied: $499,900; 24 comparable sales

Estimated value, last 10 years

2016: $379,086 → 2025: $516,936

dots are actual sale prices for this property

Based on 24 comparable sales

Address	Sold	Price
8 Ege Ave	12/10/2025	$725,000
12 E Prospect St

Bordering

200-ft notice list →

28 Louellen St
Lot 1
42 Model Ave
Lot 21·$318,000
38 Model Ave
Lot 23·$266,000

Block 11All of Block 11 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 1,
  "portfolioKeys": {
    "fullKeys": [
      "40 MODEL AVE HOPEWELL NJ 08525"
    ],
    "zipKeys": [
      "40 MODEL AVE 08525"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1105_11_22",
  "county_code": "11",
  "district_code": "05",
  "block": "11",
  "lot": "22",
  "qualifier": "",
  "property_location": "40 MODEL AVE",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2SF 1G",
  "land_desc": "50X237 AVG",
  "year_built": 1900,
  "living_sqft": null,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "17580000",
  "improvement_value_cents": "11830000",
  "net_value_cents": "29410000",
  "last_yr_tx_cents": "1011410",
  "deed_date": "2024-06-04",
  "deed_book": "06565",
  "deed_page": "00159",
  "sale_price_cents": "51000000",
  "sales_code": "A",
  "owner_mailing_street": "40 MODEL AVE",
  "owner_mailing_city_state_zip": "HOPEWELL NJ 08525",
  "mun_name": "HOPEWELL BORO",
  "calc_acre": "0.272000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "000",
  "fac_name": null,
  "centroid_lon": -74.76619356836116,
  "centroid_lat": 40.38966425824848
}

SR1A

[
  {
    "id": "59f8c943-bf4f-4db1-b4a4-50ff057fcb0c",
    "property_id": null,
    "county_code": "11",
    "district_code": "05",
    "block": "11",
    "lot": "22",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2024-06-04",
    "date_recorded": "2024-08-12",
    "sale_price_cents": "51000000",
    "sr1a_year": 2025,
    "source": "sr1a"
  },
  {
    "id": "614e7a51-c616-4e55-a2e6-6a418fa879de",
    "property_id": "a7dfc078-56d5-4b47-9fe1-082ff1316015",
    "county_code": "11",
    "district_code": "05",
    "block": "11",
    "lot": "22",
    "qualifier": "",
    "deed_book": "6565",
    "deed_page": "159",
    "deed_date": "2024-06-04",
    "date_recorded": "2024-06-04",
    "sale_price_cents": "51000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "c5470214-d3d1-4dd1-a995-fde79127c524",
    "property_id": "a7dfc078-56d5-4b47-9fe1-082ff1316015",
    "county_code": "11",
    "district_code": "05",
    "block": "11",
    "lot": "22",
    "qualifier": "",
    "deed_book": "5295",
    "deed_page": "291",
    "deed_date": "2006-02-26",
    "date_recorded": "2006-02-26",
    "sale_price_cents": "34600000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 40 Model Ave, Hopewell Boro, NJ last sold?: The most recent recorded sale was in 2024 for $510,000.
What is the assessed value of 40 Model Ave, Hopewell Boro, NJ?: The total municipal assessment is $294,100 (land plus improvements).
What is 40 Model Ave, Hopewell Boro, NJ worth?: Our model estimates a market value of $516,936, derived from comparable recorded sales nearby.
How many units does 40 Model Ave, Hopewell Boro, NJ have?: Records show 1 dwelling unit at 40 Model Ave, Hopewell Boro, NJ.
What kind of property is 40 Model Ave, Hopewell Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1900.

Sales history

8/12/2024$510,000
SR1A 2025
6/4/2024$510,000
MOD-IV (Rutgers)Bk 6565 / Pg 159
2/26/2006$346,000
MOD-IV (Rutgers)Bk 5295 / Pg 291

Date	Price	Book / Page	Source
8/12/2024	$510,000	—	SR1A 2025
6/4/2024	$510,000	6565 / 159	MOD-IV (Rutgers)
2/26/2006	$346,000	5295 / 291	MOD-IV (Rutgers)