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1607 Reed Road

Hopewell Twp, NJ 08534·Mercer County

Estimated market value

$464,872

moderate confidence

range $395,141 – $534,602

Assessment-implied: $464,872; Equalization ratio 0.7131 (2025)
Comparable sales: 13 (below threshold)

Based on 13 comparable sales

Address	Sold	Price
2555 Pennington Rd20	5/29/2025	$479,990
2555 Pennington Rd20	5/20/2025	$579,990
2555 Pennington Rd20	5/13/2025	$457,000
2555 Pennington Rd20	5/12/2025	$464,990
2555 Pennington Rd20	5/6/2025	$570,000
2555 Pennington Rd20	4/30/2025	$609,990
2555 Pennington Rd20	4/25/2025	$484,990
2-10 Wash Cr-Penn Rd	3/31/2025	$748,090
23 Route 31 North	2/19/2025	$370,000
23 Route 31 North	9/20/2024	$355,000
23 Route 31 North	8/1/2024	$430,000
23 Route 31 North	7/24/2024	$405,000
23 Route 31 North	3/5/2024	$420,000

Last sale

$320,000

11/26/2018

Property

Type

Commercial

Tax class

Commercial

Year built

0

Building size

—

Lot size

5.02 ac

Land description

5.02 AC

Building description

2SF 6OB

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$331,500

Land value

$331,500

Improvement value

—

Last year's tax

$10,465

Sale on tax record

$320,000

Deed date

11/26/2018

Zoning

SI

Additional lots

CONSRVATION EASEMENT

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Sales history

11/26/2018$320,000
Bk 6352 / Pg 1350
9/29/2010$1
Bk 6075 / Pg 583
12/31/1986$240,000
Bk 2375 / Pg 467

Date	Price	Book / Page
11/26/2018	$320,000	6352 / 1350
9/29/2010	$1	6075 / 583
12/31/1986	$240,000	2375 / 467

Deeds

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Properties on Reed Road

Properties on Block 91

Frequently asked

When was 1607 Reed Road, Hopewell Twp, NJ 08534 last sold?: 1607 Reed Road, Hopewell Twp, NJ 08534 last sold in 2018 for $320,000.
What is the assessed value of 1607 Reed Road, Hopewell Twp, NJ 08534?: 1607 Reed Road, Hopewell Twp, NJ 08534 is assessed at $331,500 (land plus improvements).
What is 1607 Reed Road, Hopewell Twp, NJ 08534 worth?: Our model estimates 1607 Reed Road, Hopewell Twp, NJ 08534 at $464,872, based on comparable recorded sales nearby.
How many units does 1607 Reed Road, Hopewell Twp, NJ 08534 have?: 1607 Reed Road, Hopewell Twp, NJ 08534 has 1 dwelling unit on record.
What kind of property is 1607 Reed Road, Hopewell Twp, NJ 08534?: It is a Commercial Property.

Parcel ID1106·block 91·lot 14.02