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Description

Amazing and rare opportunity to own this side-by-side 2-family home in highly desirable Bridgewater Township. Unit 1 is 3 BRs, 1 full bath; Unit 2 is 4 BRs and 2 full baths. Both have a LR, eat-in kitchen and separate basements with W/D. Separate front door entrances; shared driveway/parking area that can accommodate 4 or 5 vehicles. Monthly rents are currently under-market @ $1,600 each due to tenants being friends of landlord. Unit 1 lease expires 7/1/24; Unit 2, 6/1/24. Tenants are aware of sale,...Amazing and rare opportunity to own this side-by-side 2-family home in highly desirable Bridgewater Township. Unit 1 is 3 BRs, 1 full bath; Unit 2 is 4 BRs and 2 full baths. Both have a LR, eat-in kitchen and separate basements with W/D. Separate front door entrances; shared driveway/parking area that can accommodate 4 or 5 vehicles. Monthly rents are currently under-market @ $1,600 each due to tenants being friends of landlord. Unit 1 lease expires 7/1/24; Unit 2, 6/1/24. Tenants are aware of sale, understand current lease will not be renewed at current rate, and were instructed to make necessary alternative plans. Tenants pay for own gas and electric; landlord pays for water (one system). Unit 1 has window AC, Unit 2 has central air but not currently in working order. Home needs some TLC and is being sold "as is". Home is close to Bradley Gardens Elementary School, parks, shopping areas, Raritan train station and transportation/commuter routes. 2-family homes in Bridgewater do not present themselves often. Great opportunity!
  1. Listed by ALAN FROSS • COLDWELL BANKER REALTY

Property Details for 85 Ivy Lane

Directions
202 to Milltown Road, First Left Ivy Lane
Days On Market
63
Section/Subdiv/Development
Bradley Gardens
LISTING UPDATED: 12/02/2024 03:02 AM

Property Details for 85 Ivy Lane

StatusSold
MLS #3859940
Days on Market63
Taxes$9,056 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1955
Lot Size0.53 AC / 23,086 SF
CountySomerset County
Add your commute

Building Information for 85 Ivy Lane

Stories-Residences2Year Built1955Building Size-Lot Size0.53 AC / 23,086 SF

Payment Calculator

$3,557 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,802

Property Taxes

$755

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 85 Ivy Lane

Summary
Location and General Information
  • Middle/Jr High School: BRIDG-RAR
  • Grade School: BRAD GRDNS
  • High School: BRIDG-RAR
  • Active Days on Market: 63
  • County #: Somerset
  • Town Name: Bridgewater Twp.
  • Block Identifier: 161
  • Listing Type: Exclusive Right to Sell
  • Town #: 2706.0
  • Street # Display: 85.0
  • # Parking Spaces: 5
  • County Or Parish: Somerset
  • Street Name: Ivy Ln
  • Zip Code: 08807-2546
  • Total Units: 2
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,056
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 462100.0
  • Tax ID For Property: 2706-00161-0000-00008-0000-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2022
  • Tax Year: 2022
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 2 Car Width, Blacktop, Driveway-Shared
  • Garage Description: None
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 8
  • Approximate Lot Size: .53AC
  • Total Acres: 0.53
  • Construction Date/Year Built: 1955
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 205900.0
  • Assessment Land: 256200.0
Utilities
  • Cooling: Ceiling Fan, See Remarks, Wall A/C Unit(s)
  • Services: Garbage Extra Charge
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 2 Units, Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Lease Expiration: 07-01-2024
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 1600.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 1300.0
  • Unit 1 Sq Ft: 940.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Sump Pump, Washer
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 06-01-2024
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 1600.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, See Remarks
  • Unit 2 Rooms: 8.0
  • Unit 2 Security Deposit: 1275.0
  • Unit 2 Sq Ft: 1410.0
Multi-Family Information
  • Unit Style: Duplex-Side by Side
Income & Expenses Information
  • Total Operating Expense: $14,200.00
  • Expenses Include: Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $24,200.00
  • Gross Operating Income: $38,400.00

Property History for 85 Ivy Lane

DateEvent & SourcePriceAppreciation
Dec 1, 2023

Sold (Public Record)

Public Record #1523087079

$575,000

+220.6% / yr

Dec 1, 2023

Sold

GSMLS #3859940

$575,000
Oct 18, 2023

Under Contract

GSMLS #3859940

Aug 16, 2023

Listed (Active)

GSMLS #3859940

$624,000
Nov 14, 2022

Sold (Public Record)

Public Record #1501853462

$170,000
Nov 14, 2022

Sold (Public Record)

Public Record #1501678826

$170,000
DateEvent & SourcePrice
12/01/2023

Sold (Public Record)

Public Record #1523087079

$575,000

+220.6% / yr

12/01/2023

Sold

GSMLS #3859940

$575,000
10/18/2023

Under Contract

GSMLS #3859940

08/16/2023

Listed (Active)

GSMLS #3859940

$624,000
11/14/2022

Sold (Public Record)

Public Record #1501853462

$170,000
11/14/2022

Sold (Public Record)

Public Record #1501678826

$170,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 85 Ivy Lane

Taxable ValueLand$256,200Additions$255,300Total$511,500
Tax Record2024$9,858 ($822 / month)
Home Facts
Beds0Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtStories1Lot Size23,087 SqFtStyleSingle Family ResidenceYear Built1955ZoningR20CountySOMERSETAPN06 00161-0000-00008

Schools near 85 Ivy Lane

This home is within Bridgewater-Raritan Regional School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Bradley Gardens Elementary School
PublicPK to 4

Eisenhower Elementary School
Public5 to 6

Bridgewater-Raritan Middle School
Public7 to 8

Bridgewater Raritan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of COLDWELL BANKER REALTY, ALAN FROSS

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 02/26/2026 10:46 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 02/26/2026 10:46 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.