557 Madison Avenue, Somerset, NJ 08873 Property Information
557 Madison Avenue, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 557 Madison Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 543 |
| Lot | 1.01 |
Sales & Tax Overview for 557 Madison Avenue, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 12/08/2015 |
| Sale price | $80,000 |
| Arm's length | Register |
| Current property tax | $1,673 |
Lot & Building Information for 557 Madison Avenue, Somerset
| Building class | Vacant Land (1) |
| Acreage | 1.836 |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 557 Madison Avenue, Somerset
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 557 Madison Avenue, Somerset , including their type, square footage, grade and when they were built.
- • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 557 Madison Avenue, Somerset
The current market value is $92,000.
Ownership Information
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Past Sales & Property History for 557 Madison Avenue, Somerset
Create a free account to view the complete sales history for 557 Madison Avenue, Somerset, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 12/08/2015 | $80,000 | Register | Register |
Title Documents for 557 Madison Avenue, Somerset
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
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R: Recorded date
D: Document date
Property Taxes for 557 Madison Avenue, Somerset
Access detailed property tax data for 557 Madison Avenue, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $1,608 |
| Current property tax | $1,673 |
| Market value | $92,000 |
Assessment History for 557 Madison Avenue, Somerset
Here's the assessment & property tax history for 557 Madison Avenue, Somerset, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2024 | $92,000 | $92,000 | 1.748 | $1,608 | -6.42% |
| 2023 | $92,000 | $92,000 | 1.868 | $1,719 | -5.18% |
| 2022 | $92,000 | $92,000 | 1.97 | $1,812 | -8.16% |
| 2021 | $92,000 | $92,000 | 2.145 | $1,973 | -2.37% |
| 2020 | $92,000 | $92,000 | 2.197 | $2,021 | -1.57% |
Risk
Create a free account to unlock extended information for 557 Madison Avenue, Somerset, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| FEMA flood zone(s) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 557 Madison Avenue, Somerset to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Schools
Nearest elementary schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.35 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.35 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.49 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.49 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.10 |
Nearest middle schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.49 |
| Community Middle School | 4 | Public | 7-8 | 285 | 1.07 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.10 |
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.15 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.44 |
Nearest high schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.15 |
| Bound Brook High School | 2 | Public | 9-12 | 677 | 1.43 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.44 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 1.68 |
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 2.08 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 557 Madison Avenue, Somerset
Here are the neighbors for 557 Madison Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 100 Van Cleef Rd, Somerset | 2,508 | 04/11/2019 | $400,000 |
| 394 Elizabeth Ave, Somerset | 75,600 | 06/20/2012 | $1 |
| 3 Wiley Dr, Somerset | 8,376 | 01/02/1986 | $100 |
| 226 Samuel Pl, Somerset | 3,383 | 12/18/2012 | $1 |
| 228 Samuel Pl, Somerset | 3,048 | 12/18/2012 | $1 |
| 3 Leona St, Somerset | 3,133 | 12/02/2011 | $450,000 |
| 400 Campus Dr, Somerset | 176,418 | 09/03/2024 | |
| 45 School House Rd, Gladstone | 02/29/2024 | ||
| 508 Elizabeth Ave, Somerset | 8,892 | 07/01/2011 | $700,000 |
| 1 Leona St, Somerset | 3,133 | 05/09/2012 | $445,000 |
| 201 Leona St, Somerset | |||
| 98 A B Van Cleef Rd, Somerset | 2,146 | 12/15/2016 | |
| 2346 Amwell Rd, Somerset | 3,686 | 04/12/1985 | $125,000 |
| 598 Garfield Ave, Somerset | 2,475 | 04/28/2017 | $376,000 |
| 107 Weston Rd, Somerset | 08/08/2007 | $225,000 | |
| 217 Adams St, Somerset | 3,996 | 09/08/2023 | $750,000 |
| 5 Leona St, Somerset | 3,133 | 10/16/2013 | $450,000 |
| 562 Madison Ave, Somerset | 5,210 | 05/31/1990 | $1 |
| 208 Pierce St, Somerset | 01/02/1986 | $100 |