Discover a hidden gem with incredible investment potential! This charming ranch-style home, built in 1960, sits on a generous 0.81-acre lot, offering ample space for expansion or development. The home features 2 bedrooms, 2 bathrooms and an unfinished basement, providing a blank canvas for your creative vision-transform it into a cozy retreat or a lucrative rental space. With no association fees and a prime location, this property is perfect for investors seeking to capitalize on the growing demand for residential rentals, to fully renovate as the property sits or to envision adding an additional level or building out. The driveway offers convenient parking, while the serene surroundings create a warm and inviting atmosphere. This property is not just a house; it's an opportunity to develop the property or build equity to generate income. Don't miss your chance to invest in a property with endless possibilities!
Sold for $299,000
Zestimate®
$299,000
16 New Rd, Lambertville, NJ 08530
2beds
1,222sqft
Single Family Residence
Built in 1960
0.81 Acres Lot
$299,000 Zestimate®
$245/sqft
$2,961 Estimated rent
Home value
$299,000
$275,000 - $326,000
$2,961/mo
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$2,961/mo
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$2,070/mo
Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: March 23, 2026 at 01:02am
Listed by:
Katie Fedak 732-318-9393,
EXP Realty, LLC
Bought with:
DOROTA STRAMA, 368835
Signature Realty NJ
Source: Bright MLS,MLS#: NJME2065650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Bathroom 1
- Level: Main
Bathroom 2
- Level: Main
Heating
- Other
Cooling
- Other
Appliances
- Included: Water Heater
Features
- Other
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,222
- Total interior livable area: 1,222 sqft
- Finished area above ground: 1,222
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Pool features: None
Lot
- Size: 0.81 Acres
Details
- Additional structures: Above Grade
- Parcel number: 060003000035
- Zoning: MRC
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Other
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & neighborhood
Location
- Region: Lambertville
- Subdivision: Hopewell Woods
- Municipality: HOPEWELL TWP
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Sold | $299,000+19.6%$245/sqft |
Source:  Bright MLS #NJME2065650 Report a problem | ||
| 9/24/2025 | Pending sale | $249,999$205/sqft |
Source: Bright MLS #NJME2065650 Report a problem | ||
| 9/18/2025 | Listed for sale | $249,999-9.1%$205/sqft |
Source: Bright MLS #NJME2065650 Report a problem | ||
| 4/20/2005 | Sold | $275,000$225/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,354 | $274,700 |
| 2024 | $8,354 -0.6% | $274,700 |
| 2023 | $8,403 | $274,700 |
| 2022 | $8,403 +7.5% | $274,700 |
| 2021 | $7,818 +2.5% | $274,700 +4.9% |
| 2020 | $7,627 +1.9% | $261,900 |
| 2019 | $7,485 +2.8% | $261,900 |
| 2018 | $7,281 +2.5% | $261,900 |
| 2017 | $7,105 +2.2% | $261,900 |
| 2016 | $6,953 +2.1% | $261,900 |
| 2015 | $6,809 +3.3% | $261,900 |
| 2014 | $6,589 +10.9% | $261,900 |
| 2012 | $5,943 -2.3% | $261,900 |
| 2011 | $6,083 +4.8% | $261,900 -7.1% |
| 2010 | $5,804 -9.7% | $281,900 |
| 2009 | $6,425 +4.8% | $281,900 -12.4% |
| 2008 | $6,132 -0.5% | $321,900 |
| 2007 | $6,161 | $321,900 +116.8% |
| 2006 | -- | $148,500 +0.5% |
| 2005 | -- | $147,700 |
| 2004 | $4,490 | $147,700 |
| 2003 | -- | $147,700 |
| 2002 | -- | $147,700 |
| 2001 | -- | $147,700 |
Find assessor info on the county website
Neighborhood: 08530
Nearby schools
GreatSchools rating
- 8/10Bear Tavern Elementary SchoolGrades: PK-5Distance: 5 mi
- 6/10Timberlane Middle SchoolGrades: 6-8Distance: 3.5 mi
- 6/10Central High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Bear Tavern
- Middle: Timberlane M.s.
- High: Central H.s.
- District: Hopewell Valley Regional Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$299,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$299,000