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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$749,999

Est. payment - /mo

3 Beds

2 Baths

2,816 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,816 sqft

Price per Sqft $266

Municipality Middletown (MID)

MLS Listing ID 22631585

Style Custom,Detached

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 2007

Annual Tax Amount $10,123

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 84 x 260

Property Sub-Type Single Family Residence

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

A truly unique opportunity in Middletown! 150 Magnolia Lane offers an exceptional combination of existing income, flexible use and exciting future possibilities. The property currently features a single-family residence rented at market rent, a detached two-car garage rented separately, additional accessory structures, and a rear building previously approved and utilized as a dog kennel. The current owner has invested significant time and resources working with the Township and design professionals on plans to transform the former kennel building into an accessory dwelling unit. Township zoning approval has been obtained for the proposed conversion and second-floor addition, subject to applicable Affordable Housing requirements, deed restrictions, permits and other conditions. Concept plans envision a two-story residential unit with approximately 1,258 SF of combined space. For the buyer with a different vision, imagine creating your own private Middletown oasis—explore the potential for a beautiful new approximately 3,500 SF residence, complemented by a rear house and pool, subject to all Township zoning, approvals and permits. Whether you're an investor, owner-user, contractor, animal-care professional or buyer searching for a property unlike anything else on the market, 150 Magnolia Lane presents multiple avenues to explore. Existing income, substantial improvements in planning already completed, and tremendous long-term potential make this a property that deserves a closer look. Buyer to perform all due diligence regarding existing and future uses, zoning, kennel use/variance, accessory dwelling approval, Affordable Housing restrictions and any proposed redevelopment.

Location

State NJ

County Monmouth

Area Middletown

Building/Complex Name None

Direction See GPS

Interior

Interior Features In-Law Floorplan

Heating Forced Air

Cooling Other

Flooring See Remarks

Inclusions None, AC Units

Fireplace No

Exterior

Parking Features See Remarks, Driveway, On Street

Garage Spaces 3.0

Fence Fence

Pool See Remarks

Waterfront Description Other - See Remarks

Roof Type Shingle

Porch Patio

Garage Yes

Private Pool No

Building

Lot Description See Remarks

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Custom, Detached

Others

Senior Community Yes

Tax ID 32-00605-0000-00055

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Listed by Keller Williams Realty East Monmouth

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

150 Magnolia Lane Middletown, NJ 07748

Naveen Sharma

Key Details

Location

Interior

Exterior

Building

Others

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150 Magnolia Lane