3 Market Street, Somerset, NJ 08873 Property Information
3 Market Street, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 3 Market Street, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 64 |
| Lot | 7 |
Sales & Tax Overview for 3 Market Street, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 05/28/2020 |
| Sale price | $310,000 |
| Arm's length | Register |
| Current property tax | $5,381 |
Lot & Building Information for 3 Market Street, Somerset
| Building sqft | 2,304 |
| Building class | Store-Other (739) |
| Acreage | 0.116 |
| Stories | 1 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 3 Market Street, Somerset
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 3 Market Street, Somerset , including their type, square footage, grade and when they were built.
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About 3 Market Street, Somerset
This Store-Other (739) located at 3 Market Street, Somerset, NJ 08873 has a total of 2,304 square feet and a current price per square foot of $134.
What is the market value of 3 Market Street, Somerset, NJ 08873?The current market value is $296,000.
Ownership Information
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Past Sales & Property History for 3 Market Street, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 3 Market Street, Somerset
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R: Recorded date
D: Document date
Property Taxes for 3 Market Street, Somerset
Access detailed property tax data for 3 Market Street, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $5,174 |
| Current property tax | $5,381 |
| Market value | $296,000 |
Assessment History for 3 Market Street, Somerset
Here's the assessment & property tax history for 3 Market Street, 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 | $296,000 | $296,000 | 1.748 | $5,174 | -6.42% |
| 2023 | $296,000 | $296,000 | 1.868 | $5,529 | -5.18% |
| 2022 | $296,000 | $296,000 | 1.97 | $5,831 | -8.16% |
| 2021 | $296,000 | $296,000 | 2.145 | $6,349 | -2.37% |
| 2020 | $296,000 | $296,000 | 2.197 | $6,503 | -1.57% |
Demographics By Zip Code
| Total population | 55,862 |
| Median age | 40 |
| Average household income | $148,780 |
| Family households | 65.2% |
| Occupied housing units | 21,641 |
| Owner occupied units | 67.3% |
| Average number of people per household | 2 |
| Median year structure built | 1985 |
| Median value for units with a mortgage | $433,700 |
| Median value for units without a mortgage | $445,400 |
Risk
Create a free account to unlock extended information for 3 Market Street, 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) | 0.2, AE (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 3 Market Street, 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 |
Neighbors for 3 Market Street, Somerset
Here are the neighbors for 3 Market Street, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 1 Market St, Somerset | 1,458 | 02/20/2021 | $291,500 |
| 11 Market St, Somerset | 3,344 | 01/19/2012 | $1 |
| 13 Livingston Ave, Somerset | 832 | 05/24/2023 | |
| 2366 Amwell Rd, Somerset | 3,644 | 05/12/2021 | $475,000 |
| 25 William St, Somerset | 1,097 | 01/12/2024 | $545,000 |
| 25 Market St, Somerset | 2,319 | 07/30/2007 | $385,000 |
| 14 William St, Somerset | 01/19/2012 | $1 | |
| 15 Market St, Somerset | 5,039 | 07/01/1970 | $27,000 |
| 9 Market St, Somerset | 1,860 | 06/21/2011 | $1 |
| 27 William St, Somerset | 3,136 | 10/26/2020 | $265,000 |
| 13 William St, Somerset | 2,623 | 10/29/2008 | $271,000 |
| 32 William St, Somerset | 1,960 | 08/16/1996 | $1 |
| 27 Market St, Somerset | 1,842 | 01/10/1975 | $27,500 |
| 11 William St, Somerset | 1,964 | 09/16/2003 | $272,000 |
| 9 William St, Somerset | 2,232 | 12/01/2006 | $260,000 |
| 2358 Amwell Rd, Somerset | 3,844 | 11/07/2002 | |
| 10 William St, Somerset | 1,660 | 03/19/1984 | $55,900 |
| 15 William St, Somerset | 1,944 | 09/12/2022 | |
| 33 William St, Somerset | 2,128 | 07/28/1999 | $1 |
| 7 Market St, Somerset | 3,660 | 02/10/2009 | $1 |