705 Somerset Street, Franklin Lakes, NJ 07417 Property Information
705 Somerset Street, Franklin Lakes, NJ 07417 Property Information
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- Documents
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Address
| Primary address | 705 Somerset Street, Franklin Lakes |
| Zip code | 07417 |
| County | Bergen |
| Municipality | Franklin Lakes Borough |
| Block | 1106.02 |
| Lot | 5 |
Sales & Tax Overview for 705 Somerset Street, Franklin Lakes
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 10/04/2022 |
| Sale price | $1,175,000 |
| Arm's length | Register |
| Property tax | $9,330 |
Lot & Building Information for 705 Somerset Street, Franklin Lakes
| Building sqft | 3,659 |
| Building class | Vacant Land (1) |
| Acreage | 0.95 |
| Year built | 1984 |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 705 Somerset Street, Franklin Lakes
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- • Improvements for 705 Somerset Street, Franklin Lakes , 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 705 Somerset Street, Franklin Lakes
This Vacant Land (1) located at 705 Somerset Street, Franklin Lakes, NJ 07417 has a total of 3,659 square feet and a current price per square foot of $321.
What is the year built & the current market value of 705 Somerset Street, Franklin Lakes, NJ 07417?705 Somerset Street, Franklin Lakes, NJ 07417 was built in 1984 and has a current tax assessor's market value of $490,000.
Ownership Information
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Past Sales & Property History for 705 Somerset Street, Franklin Lakes
Create a free account to view the complete sales history for 705 Somerset Street, Franklin Lakes, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 10/04/2022 | $1,175,000 | Register | Register |
Title Documents for 705 Somerset Street, Franklin Lakes
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R: Recorded date
D: Document date
Property Taxes for 705 Somerset Street, Franklin Lakes
Access detailed property tax data for 705 Somerset Street, Franklin Lakes, NJ 07417. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $9,330 |
| Market value | $490,000 |
Assessment History for 705 Somerset Street, Franklin Lakes
Here's the assessment & property tax history for 705 Somerset Street, Franklin Lakes, 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 |
|---|---|---|---|---|---|
| 2025 | $490,000 | $490,000 | 1.904 | $9,330 | +6.01% |
| 2024 | $490,000 | $490,000 | 1.796 | $8,800 | -52.86% |
| 2023 | $1,079,200 | $1,079,200 | 1.73 | $18,670 | +2.61% |
| 2022 | $1,079,200 | $1,079,200 | 1.686 | $18,195 | +1.44% |
| 2021 | $1,079,200 | $1,079,200 | 1.662 | $17,936 | +0.85% |
Risk
Create a free account to unlock extended information for 705 Somerset Street, Franklin Lakes, 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 705 Somerset Street, Franklin Lakes 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) |
|---|---|---|---|---|---|
| CTC Academy | NR | Private | 71 | 0.84 | |
| Reed Academy | NR | Private | 40 | 1.06 | |
| Pines Lake Elementary School | 8 | Public | K-5 | 387 | 1.33 |
| Apple Montessori School of Oakland | NR | Private | PK-K | 40 | 1.44 |
| Apple Montessori School of Oakland | NR | Private | PK-K | 40 | 1.44 |
Nearest middle schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Barnstable Academy | NR | Private | 6-12 | 95 | 0.76 |
| CTC Academy | NR | Private | 71 | 0.84 | |
| Reed Academy | NR | Private | 40 | 1.06 | |
| Academy of the Most Blessed Sacrament | NR | Private | PK-8 | 112 | 1.64 |
| Gerrard Berman Day School | NR | Private | PK-8 | 108 | 1.67 |
Nearest high schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Barnstable Academy | NR | Private | 6-12 | 95 | 0.76 |
| CTC Academy | NR | Private | 71 | 0.84 | |
| Reed Academy | NR | Private | 40 | 1.06 | |
| Indian Hills High School | 6 | Public | 9-12 | 736 | 1.81 |
| Wayne Hills High School | 8 | Public | 9-12 | 1,182 | 1.93 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 705 Somerset Street, Franklin Lakes
Here are the neighbors for 705 Somerset Street, Franklin Lakes.