Google street view image for 497 Locust Island Rd, Hancocks Bridge, NJ 08038

Off market jun 1987 for $75K

$253,757

Est. refi paymentEst. refi $490/mo

•

1,500

sq ft

497 Locust Island Rd, Hancocks Bridge, NJ 08038

About this home

497 Locust Island Rd is a 1,500 square foot house on a 0.31 acre lot with 2 bedrooms and 1 bathroom. - it last sold on June 12, 1987 for $75,000. Based on Redfin's Hancocks Bridge data, we estimate the home's value is $253,757.

Single-familyProperty Type

1946Year Built

0.31 acresLot Size

$169Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$253,757

$179K since sold in June 1987$6,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.3% higher than the average sale price ($230K) of 6 comparable homes.

SOLD SEP 11, 2026
$265,000
A
3 beds2 baths1,305 sq ft
196 Cook Ave, Salem, NJ 08079
SOLD MAY 15, 2026
$170,000
B
2 beds1 bath1,310 sq ft
410 Magnolia St, Salem, NJ 08079
SOLD OCT 2, 2026
$240,000
C
2 beds2 baths1,512 sq ft
186 Victory Ave, Salem, NJ 08079
SOLD JUL 15, 2026
$215,000
D
4 beds1.5 baths1,305 sq ft
174 Chestnut St, Salem, NJ 08079
SOLD SEP 15, 2026
$225,000
E
3 beds1 bath1,308 sq ft
90 Yorke St, Salem, NJ 08079
SOLD MAY 22, 2026
$265,000
F
3 beds2 baths1,578 sq ft
123 Sherron Ave, Salem, NJ 08079

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Earn from this home

Sell

$237,107

Est. take-home

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Refinance

Est. cash available

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Rent

$1,949/mo

Redfin rental estimate

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Market trends in 08038, NJ

Last updated October 2026

Sale-to-list price

100.0%

+42.8% MoM

Median sale price

$310K

$135K MoM

Avg. days on market

41d

3 days MoM

Recently sold homes

0 MoM

Provided by Redfin

Sale history for 497 Locust Island Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,861 (−9.8%)

$39,100 + $175,700

$214,800

2025

$2,065 (+14.5%)

$39,100 + $175,700

$214,800

2024

$1,804 (+5.3%)

$17,000 + $98,500

$115,500

2023

$1,714 (+5.5%)

$17,000 + $98,500

$115,500

2022

$1,623

$17,000 + $98,500

$115,500

2021

$1,622 (+8.6%)

$17,000 + $98,500

$115,500

2020

$1,494 (−4.2%)

$17,000 + $98,500

$115,500

2019

$1,560 (−5.9%)

$17,000 + $98,500

$115,500

2018

$1,657 (+3.4%)

$17,000 + $98,500

$115,500

2017

$1,603 (+4.1%)

$17,000 + $98,500

$115,500

2016

$1,539 (+14.9%)

$17,000 + $98,500

$115,500

2014

$1,339 (+17.0%)

$17,000 + $98,500

$115,500

2013

$1,144 (−2.7%)

$17,000 + $98,500

$115,500

2012

$1,175 (−3.2%)

$17,000 + $98,500

$115,500

2011

$1,215 (+16.9%)

$17,000 + $98,500

$115,500

2010

$1,039 (−19.7%)

$17,000 + $98,500

$115,500

2009

$1,293

$17,000 + $98,500

$115,500

Tax history for 497 Locust Island Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,861 (−9.8%)

$39,100 + $175,700

$214,800

2025

$2,065 (+14.5%)

$39,100 + $175,700

$214,800

2024

$1,804 (+5.3%)

$17,000 + $98,500

$115,500

2023

$1,714 (+5.5%)

$17,000 + $98,500

$115,500

2022

$1,623

$17,000 + $98,500

$115,500

2021

$1,622 (+8.6%)

$17,000 + $98,500

$115,500

2020

$1,494 (−4.2%)

$17,000 + $98,500

$115,500

2019

$1,560 (−5.9%)

$17,000 + $98,500

$115,500

2018

$1,657 (+3.4%)

$17,000 + $98,500

$115,500

2017

$1,603 (+4.1%)

$17,000 + $98,500

$115,500

2016

$1,539 (+14.9%)

$17,000 + $98,500

$115,500

2014

$1,339 (+17.0%)

$17,000 + $98,500

$115,500

2013

$1,144 (−2.7%)

$17,000 + $98,500

$115,500

2012

$1,175 (−3.2%)

$17,000 + $98,500

$115,500

2011

$1,215 (+16.9%)

$17,000 + $98,500

$115,500

2010

$1,039 (−19.7%)

$17,000 + $98,500

$115,500

2009

$1,293

$17,000 + $98,500

$115,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Exterior

Exterior Information
Exterior Wall: Brick

Property Information
Living Sq. Ft: 1,323
# of Stories: 1
Legal Description: HANCOCKS BRIDGE

Lot Information
# of Buildings: 1
Land Sq. Ft: 13,569
Legal Lot Number: 3
Legal Block Number: 13
Municipality Name: LO ALLOWAY CREEK TWP
Acres: 0.3115
Depth Footage: 166.4
Front Footage: 81.55
State Use Description: RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2026
Tax District County: LO ALLOWAY CREEK TWP

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,500
Stories: 1.0
Parking Spaces: —
Basement: Yes
Accessible: No
Lot Size: 0.31 acres
Style: Single Family Residential
Year Built: 1946
Year Renovated: —
County: Salem County
APN: 0500013 00003
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on Feb 27, 2024

Around this home

Schools

K - 12
Preschool & daycare

Lower Alloways Creek Elementary School

Public PreK-8 • Assigned • 4.0mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

8/10 Heat Factor

7 days above 101° expected this year, 16 days in 30 years

6/10 Wind Factor

49% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Hancocks Bridge, NJ • 08038

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.5 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$264,000 – $320,000

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Home values near 497 Locust Island Rd

Data from public records.

Address	Redfin Estimate
492 Locust Island Road, Hancocks Bridge, NJ - Beds \| - Baths \| 1504 Sq. Ft.	$387,561
37 2nd Street, Hancocks Bridge, NJ - Beds \| - Baths \| 1456 Sq. Ft.	$318,786
44 Second Street, Old Bridge, NJ - Beds \| - Baths \| 1736 Sq. Ft.	$308,320
33 Maple Avenue, Hancocks Bridge, NJ 3 Beds \| 1.5 Baths \| 1512 Sq. Ft.	$279,303
9 Front Street, Hancocks Bridge, NJ 4 Beds \| 2 Baths \| 1056 Sq. Ft.	$293,560
16 Front Street, Hancocks Bridge, NJ - Beds \| - Baths \| 1394 Sq. Ft.	$175,828
33 New Street, Hancocks Bridge, NJ 3 Beds \| 2 Baths \| 1456 Sq. Ft.	$290,295

Address	Redfin Estimate
495 Locust Island Road, Hancocks Bridge, NJ - Beds \| - Baths \| 1392 Sq. Ft.	$252,201
27 Second Street, Old Bridge, NJ 5 Beds \| 1.5 Baths \| 2448 Sq. Ft.	$340,586
33 New Street, Hancocks Bridge, NJ - Beds \| - Baths \| 1456 Sq. Ft.	$258,105
17 Maple Avenue, Hancocks Bridge, NJ 3 Beds \| 1 Baths \| 1444 Sq. Ft.	$228,766
19 Front Street #296, Hancocks Bridge, NJ 3 Beds \| 1 Baths \| 1428 Sq. Ft.	$171,256
18 Front Street, Hancocks Bridge, NJ 2 Beds \| 1 Baths \| 1190 Sq. Ft.	$249,390

Address	Redfin Estimate
31 2nd Street, Hancocks Bridge, NJ - Beds \| - Baths \| 1404 Sq. Ft.	$189,771
23 Maple Avenue, Salem, NJ - Beds \| - Baths \| 2120 Sq. Ft.	$234,310
34 2nd Street, Hancocks Bridge, NJ - Beds \| - Baths \| 1093 Sq. Ft.	$187,174
16 New Street, Hancocks Bridge, NJ 3 Beds \| 1 Baths \| 1160 Sq. Ft.	$329,805
15 Front Street, Salem, NJ - Beds \| - Baths \| 1008 Sq. Ft.	$219,222
3 Front Street, Hancocks Bridge, NJ - Beds \| - Baths \| - Sq. Ft.	$511,473

This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 08038, NJ

Sale history for 497 Locust Island Rd

Tax history for 497 Locust Island Rd

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

Home values near 497 Locust Island Rd

More real estate resources