Pending

Price cut: $20K (7/23)

$275,000

116 Lakewood Ave, Magnolia, NJ 08049

3beds

1,204sqft

$2,311/mo

Get pre-qualified

Single Family Residence

Built in 1954

-- sqft lot

$263,800 Zestimate^®

$228/sqft

$-- HOA

What's special

Beautiful blooming magnolia treesOversized corner lotTree-lined streets

Welcome to this charming 3-bedroom ranch home situated on an oversized corner lot in the historic Borough of Magnolia, affectionately known as the "One Square Mile of Friendliness." This close-knit community is celebrated for its small-town charm, tree-lined streets, and beautiful blooming Magnolia trees. Brimming with potential, this property is a true diamond in the rough, offering the perfect opportunity to renovate, personalize, or even expand to suit your vision. Whether you're a first-time buyer, investor, or someone looking to create your forever home, this property provides the ideal canvas to make your dreams a reality.

87 days
45
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 3

Basement

Area: 0

Heating

Forced Air, Wood Stove, Natural Gas

Cooling

None

Appliances

Included: Gas Water Heater

Features

Attic
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,204
Total interior livable area: 1,204 sqft
Finished area above ground: 1,204
Finished area below ground: 0

Property

Parking

Parking features: Driveway, On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Stories: 1.5
Pool features: None

Lot

Dimensions: 100.00 x 0.00
Features: Corner Lot/Unit

Details

Additional structures: Above Grade, Below Grade
Parcel number: 2300004 0500023
Zoning: RESIDENTIAL
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch/Rambler
Property subtype: Single Family Residence

Materials

Block, Other
Foundation: Block
Roof: Shingle

Condition

New construction: No
Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Magnolia
Municipality: MAGNOLIA BORO

Financial & listing details

Price per square foot: $228/sqft
Tax assessed value: $131,800
Annual tax amount: $6,546
Date on market: 7/10/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Other,FHA,VA Loan
Ownership: Fee Simple

Estimated market value

$263,800

$251,000 - $277,000

$2,360/mo

Price history

Date	Event	Price
8/9/2026	Pending sale	$275,000$228/sqft
Source: Bright MLS #NJCD2121482 Report a problem
8/5/2026	Contingent	$275,000$228/sqft
Source: Bright MLS #NJCD2121482 Report a problem
7/23/2026	Price change	$275,000-6.8%$228/sqft
Source: Bright MLS #NJCD2121482 Report a problem
7/10/2026	Listed for sale	$295,000+168.2%$245/sqft
Source: Bright MLS #NJCD2121482 Report a problem
6/28/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/21/2023	Price change	$1,995-4.8%$2/sqft
Source: Zillow Rentals Report a problem
6/2/2023	Price change	$2,095-4.6%$2/sqft
Source: Zillow Rentals Report a problem
5/18/2023	Price change	$2,195-2.2%$2/sqft
Source: Zillow Rentals Report a problem
5/4/2023	Price change	$2,245-6.3%$2/sqft
Source: Zillow Rentals Report a problem
4/21/2023	Listed for rent	$2,395+19.8%$2/sqft
Source: Zillow Rentals Report a problem
3/9/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/2/2022	Listed for rent	$1,999$2/sqft
Source: Zillow Rental Manager Report a problem
1/3/2022	Sold	$110,000-18.5%$91/sqft
Source: Bright MLS #NJCD2004012 Report a problem
12/30/2021	Pending sale	$135,000$112/sqft
Source: Bright MLS #NJCD2004012 Report a problem
10/14/2021	Price change	$135,000-10%$112/sqft
Source: Bright MLS #NJCD2004012 Report a problem
7/31/2021	Listed for sale	$150,000$125/sqft
Source: Bright MLS #NJCD2004012 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$6,547	$131,800
2025	$6,547 +3.5%	$131,800
2024	$6,328 +2.5%	$131,800
2023	$6,174 +2.7%	$131,800
2022	$6,013 +2.9%	$131,800
2021	$5,841 +1.9%	$131,800
2020	$5,731 +16.1%	$131,800
2019	$4,936	$131,800
2018	$4,936 -6.8%	$131,800
2017	$5,298 +3.6%	$131,800
2016	$5,115 +1.4%	$131,800
2015	$5,043 +2.7%	$131,800
2014	$4,910 +2%	$131,800
2013	$4,815 +5.1%	$131,800
2012	$4,582 +1.8%	$131,800 +67.5%
2011	$4,499 +1.3%	$78,700
2010	$4,440 +2.6%	$78,700
2009	$4,329	$78,700
2008	--	$78,700
2007	--	$78,700
2006	--	$78,700
2005	--	$78,700
2004	--	$78,700
2003	--	$78,700
2002	--	$78,700
2001	--	$78,700