Check Availability
$1,200,000
● House - For Sale

5 Penn Lane

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,612 Ft²
$7,272
Est. Monthly

About This Property

Welcome to 5 Penn Lane, a spacious 4-bedroom, 2.5-bath Colonial nestled in the sought-after Brasch Farms neighborhood within Middletown's highly desirable Oak Hill section, known for its beautiful homes and excellent school system. Offering a wonderful combination of space, character, and versatility, this home presents a fantastic opportunity in one of Middletown's most desirable locations.  The main level features hardwood flooring, a formal dining room, and a generously sized living room accented by a charming fireplace. The eat-in kitchen offers granite countertops, ample counter space, a center island, and stainless steel appliances. Just beyond, a sun-filled enclosed sunroom showcases an expansive wall of windows overlooking the backyard and heated in-ground swimming pool, creating an inviting space to relax and enjoy the surrounding views.  Upstairs, you'll find four comfortably sized bedrooms, including a spacious primary suite featuring a private bathroom with a large custom walk-in shower, glass enclosure, and double-sink vanity. An additional full hallway bathroom serves the remaining bedrooms.  The finished basement provides even more living space, ideal for a recreation room, home theater, fitness area, or additional entertaining space.  Additional highlights include a convenient main-level powder room, dedicated laundry area, generator inlet switchf, and a backyard featuring a heated in-ground swimming pool, perfect for summer gatherings and outdoor enjoyment. With its generous floor plan, desirable location, and endless potential to personalize, this home offers an exceptional opportunity to make it your own.  Conveniently located near shopping, dining, parks, major commuting routes, and the Jersey Shore.
Unit Size
2,612 Ft²
Days on Market
11 days
Land Size
0.67 acres
Price per sqft
$459
Property Type
House
Property Taxes
$1,379
HOA Dues
-
Year Built
1981

Listed By

Andrew Adell
Compass New Jersey, LLC

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Last updated: 3 days ago (MOMLS #22634387)

Price History

Date / Event Date Event Price
Oct 30, 2026 Listed by Compass New Jersey , LLC $1,200,000
Listed by Compass New Jersey , LLC

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Asphalt, Driveway
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Flooring Type: Carpet, Tile, Wood
Rooms: 11
Has Fireplace
Fireplaces: 1
Basement: Finished
Exterior Details
Square Footage: 2612
Architectural Style: Colonial
Year Built: 1981
Building Area Total: 2612
Levels: 2 Story
Patio and Porch Features: Deck, Patio
Pool Features: Heated, In Ground, Vinyl
Pool is Private
Lot Size Area: 0.67
Lot Size Units: Acres
Lot Size Acres: 0.67
Lot Size Square Feet: 29185.2
Lot Size Dimensions: 150 x 196
Water Source: Public
Financial Details
Tax Assessed Value: $1,129,200
Tax Annual Amount: $16,550
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,304
  • Garage Type: 1
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 29,400
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,612
  • Building Area: 2,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000674
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801200

Zoning

  • Zoning: R30

Geography

  • Assessors Map Reference: TAX MAP 243
  • District: 32
  • Parcel: 32 00994-0000-00002
  • Block: 994
  • Lot: 2
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3576
  • Longitude: -74.1214

    Address

  • Full Address: 5 Penn Ln
  • Address - House Number: 5
  • Address - Street Name: Penn
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C001
  • 4-Digit Zip Code: 3183
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,462,006

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,050,081
  • High Value: 1,226,784
  • Low Value: 873,378

    Market Valuation

  • Market Total Value: $841,200
  • Market Land Value: $367,200
  • Market Improvement Value: $474,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $841,200
  • Assessed Land Value: $367,200
  • Assessed Improvements Value: $474,000

    Sales

  • Current Sale Contract Date: Sep 11, 1998
  • Current Sale Recording Date: Oct 23, 1998
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 30, 1995
  • Previous Sale Contract Date: May 22, 1995
  • Previous Sale Amount: $343,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Monmouth


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Frequently Asked Questions

When was property at 5 Penn Lane built and last sold?
The property at 5 Penn Lane was built in 1981 and last sold on Sep 11, 1998 for $347,000.
How much is this home worth?
The estimated value of the home located at 5 Penn Lane is $1,203,590.
What are some comparable homes to 5 Penn Lane?
There are currently no comparable homes to 5 Penn Lane.