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7 Raccoon Island Rd, Lake Hopatcong, NJ, 07849

2beds
1baths
--sqft
$349,000
--price/sqft
$2,599/moest. monthly cost
$103,960/yrincome needed

About This Home

Cozy cottage on beautiful Raccoon Island, Lake Hopatcong. Charming stone fireplace with large kitchen, 2 bedrooms, full bath, and porch room that could be used as a bedroom. DEEDED lake access via dock next to the ferry. Great views in a tranquil setting. Island living at its best. A short ferry ride to rest and relaxation. Get on New Jersey's largest lake before summer. Ferry fee is $20 round trip. Ferry schedule is as follows: April-Saturdays 8:30am-7pm and Sundays 8:30am-6pm. May-Fridays 5pm-10pm, Saturdays 8:30am-9pm, Sundays 8:30am-9pm. Summer schedule coming soon.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

6/10
4/10
Jefferson Twp High SchoolGrades 9-125.6 mi

Construction

Condition

  • Year built: 1928

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Range/Oven-Electric,Refrigerator,Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Crawl Space

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Living/Dining Combo
  • Level: First

Family Room

  • Level: First

Features

  • Bathroom
  • Flooring: Laminate
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating

  • Heating features: None,Electric,Wood

Kitchen

  • Features: Eat-in Kitchen
  • Level: First

Living Room

  • Level: First

Master Bathroom

  • Features: Tub Shower

Property

Details

  • Parcel number: 2314000100000000010000

Features

  • Patio & porch: Patio
  • Has view: Yes
  • View description: Lake/Water View
  • Has water view: Yes
  • Water view: Lake/Water View
  • Waterfront features: Lake Privileges

Lot

  • Lot size: 9,583 sqft
  • Lot size dimensions: 0.219 AC

Parking

  • Total spaces: 2
  • Parking features: 1 Car Width,Asphalt
  • Uncovered spaces: 2

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 WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Heat Wave
Inland Flooding
Lightning

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 $1,764$21,168
Home Insurance *$107$1,284
Property Taxes $535$6,420
Electricity $193$2,318
Total$2,599$31,188
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$89,108/yr
40% on housing$77,970/yr
45% on housing$69,306/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: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07849$312
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07849$311
Morris County$367

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
2026-03-10Listed for sale$349,000
2025-12-30Listing removed$275,000
2025-09-01Price change$275,000
2025-08-02Price change$299,000
2025-07-22Price change$325,000
2025-05-27Listed for sale$349,000
2025-05-09Sold$150,000
2021-09-16Listing removed--
2021-08-23Price change$274,900
2021-05-26Listed for sale$289,900
2021-05-06Listing removed--
2021-04-03Listed for sale$289,900
2020-11-01Listing removed$286,900
2020-10-03Price change$286,900
2020-08-21Price change$299,900
2020-06-12Listed for sale$299,999
2020-04-27Listing removed$299,900
2019-10-11Listed for sale$299,900
2019-07-03Sold$60,000
2019-05-30Listed for sale$75,000
2019-01-01Listing removed$88,999
2018-09-08Price change$88,999
2017-09-18Price change$100,000
2017-08-07Price change$114,999
2016-08-27Price change$139,000
2016-08-10Listed for sale$149,900

For Sale by Agent

AgentJacqueline Loughridge
BrokerageWeichert Realtors

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