For Sale17d on marketHistoric · 126 yrs
87 Model Ave
Hopewell, NJ, 08525 • 08525 • Mercer County
$489,000
$191/sqft
Down payment assistance available
7Beds
3Baths
2,556Sqft
0.32 acLot
1900Built
Property DNA
Traditional Style
Built 1900 · 126 years of history
None Available
08525
Special Features
Above Grade · Below Grade
This home is getting attention
Listed 17 days ago · 3,374 views · 69 saves
Market activity
Demand and pricing signals for this listing
3,374 views
People checking out this listing
69 saves
Buyers have saved this home
17 days on market
Recently listed
$191/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 35% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1900 · Historic
Calling all investors. This 3-unit home in downtown Hopewell Boro is waiting for its new owner. Home is being sold "as is". Two of the units are currently rented. Can condo the building. All units have lead certification, good for 3 years. Property address is 85-87 Model Avenue There is one vacant unit, 3-bedroom end unit. The 2-bedroom end unit (on right) is rented for $1,350 and middle unit $1,800. Tenants pay own utilities. Landlord has been paying for heat. NOTE: SHOWINGS ONLY 4/6 10 AM - 1 PM & 4/8 1 PM - 4 PM
Estimated monthly payment
Based on current rates
$3,054/month
Principal & Interest$2,402
Property Tax$489
Insurance$163
Down payment20% ($97,800)
3%50%
Est. 6.22% rate · 30yr fixed · $391,200 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1900
HeatingRadiator, Natural Gas
CoolingNone
Parking4 Open Parking spaces
Lot0.32 Acres
Days on Zillow17 Days
Price/sqft$191
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleTraditional
Year built1900
Stories2
Systems
HeatingRadiator, Natural Gas
CoolingNone
ConstructionFrame
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway
BasementFull,Exterior Entry,Unfinished
Lot0.32 Acres
Location & Tax
Neighborhood08525
ZoningR75P
Annual tax$16,844
Parcel0500013000000005
Bathrooms & Fees
Full baths3
Features & details
8 categories of property features
Interior Features
Appliances
Gas Water Heater
Heating
Radiator
Natural Gas
Cooling
None
Accessibility
None
Exterior Features
Parking
Driveway
Construction
Frame
Pool Features
None
Other Structures
Above Grade
Below Grade
Room details
1 room detailed
Basement
0
Listing insights
Market data and value estimates
StatusFor Sale
Days on market17
Est. value$483,400
Est. rent$4,419/mo
Tax rate2.04%
Price/sqft$191
On marketMar 24, 2026
PostedMar 24, 2026
Last sold$150,000
MLS updatedApr 2, 2026
Tour days9
Views3,374
Favorites69
How are the schools in Hopewell?
3 schools rated nearby
Location
Hopewell, NJ, 08525
Price history
3 events
DateEventPrice$/sqftSource
Mar 24, 2026Listed For Sale$489,000$191Bright MLS
Jan 23, 2006Sold$150,000$59Agent Provided
Feb 23, 1990Sold$160,000$63Agent Provided
Listed For Sale$489,000
Mar 24, 2026•$191/sqft•Bright MLS
Sold$150,000
Jan 23, 2006•$59/sqft•Agent Provided
Sold$160,000
Feb 23, 1990•$63/sqft•Agent Provided
Tax history
23 years of records
YearTax paidAssessed value
Apr 10, 2025$15,905$472,100
Apr 10, 2024$15,905$472,100
Apr 10, 2023$15,102$472,100
Apr 10, 2022$14,829$472,100
Apr 10, 2021$14,621$472,100
Apr 10, 2020$14,404$472,100
Apr 10, 2019$13,781$472,100
Apr 10, 2018$13,356$472,100
Apr 10, 2017$13,205$472,100
Apr 10, 2016$13,006$472,100
Apr 10, 2015$12,649$472,100
Apr 10, 2014$12,165$493,700
Apr 10, 2012$10,782$493,700
Apr 10, 2011$10,447$493,700
Apr 10, 2010$10,254$493,700
Apr 10, 2009$10,185$493,700
Apr 10, 2008$9,677$493,700
Apr 10, 2007$8,985$493,700
Apr 10, 2006—$201,800
Apr 10, 2005—$201,800
Apr 10, 2003—$201,800
Apr 10, 2002—$201,800
Apr 10, 2001—$201,800
Nearby homes
Neighborhood details
Local context around this listing
Hopewell, NJ • Mercer County
Nearby cities
Branchburg TownshipEast Windsor TownshipEwingFlemingtonLawrence TownshipLebanon BoroughPenningtonPrinceton
Nearby zip codes
08525
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