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79 Model Ave, Hopewell, NJ, 08525

4beds
2baths
2,191sqft
$575,000
$262price/sqft
$4,380/moest. monthly cost
$175,200/yrincome needed

About This Home

Sprawling 2 Family home in Hopewell situated on an oversized lot in a prime commuter location is ready and waiting for you! Live in one unit and rent out the other, or rent out both for maximum gain. Unit 1 features a large living room with hardwood flooring, an elegant dining area, and a galley efficiency kitchen with ample cabinet storage. Beautiful family room is adorned with crisp crown moldings and a cozy wood burning fireplace that is perfect for chilly nights. Rear enclosed sun porch offers peaceful, panoramic views of the plush property, the perfect spot to enjoy your morning coffee. A full bath and 2 bedrooms round out this 1st floor unit. Unit 2 features a bedroom with attached full bath along with access to the walk-up attic. You'll also find a kitchen, living Rm, dining area, and additional bedroom. Walk-up attic offers ample storage; finish it off for even more living space! Sprawling, peaceful backyard holds a patio area, shed, and fire pit, along with plenty of extra space to build and play. Plenty of driveway parking, too! Conveniently located to parks, schools, shopping, & dining + public transportation and major rds for easy commuting. Don't miss out! This opportunity will not last!!

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

8/10
6/10
Timberlane Middle SchoolGrades 6-84.7 mi
6/10
Central High SchoolGrades 9-124.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater(Gas),Water Heater,Unit 1(Dryer,Range/Oven,Refrigerator,Washer),Unit 2(Range/Oven)

Basement

  • Has basement: Yes
  • Basement: Partial, Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Unit 1(Dining Room,2 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room),Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: A/C Central - All,Attic Fan,Unit 1(A/C Central),Unit 2(A/C Central)

Interior Area

  • Total structure area: 2,191
  • Total interior livable area: 2,191 sqft

Property

Details

  • Parcel number: 0500013000000008
  • Zoning: R75P

Features

  • Stories: 2
  • Patio & porch: Patio,Enclosed,Porch
  • Exterior features: Patio,Porch(es) - Enclosed,Curbs,Storage Shed,Yard,Semi-Private Entry,Porch

Lot

  • Lot size: 0.31 Acres
  • Features: Near Shopping,Near Train,Wooded,Near Public Transit
  • Lot size dimensions: 271.00 x 56.00

Parking

  • Parking features: On Street,4(+)Car Parking

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,907$34,884
Home Insurance *$202$2,424
Property Taxes $1,030$12,360
Electricity $241$2,898
Total$4,380$52,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$150,171/yr
40% on housing$131,400/yr
45% on housing$116,800/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$262This listing

vs Other Active Listings

Avg $/sqft

ZIP 08525$269
Mercer County$276

vs Homes Sold Last Month

Median $/sqft

ZIP 08525$382
Mercer County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Price change$575,000
2026-06-11Listed for sale$600,000
2004-02-16Sold$308,250

For Sale by Agent

AgentROBERT DEKANSKI
BrokerageRE/MAX 1st ADVANTAGE

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