| Primary address | 1 Market Street, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 64 |
| Lot | 8 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 02/20/2021 |
| Sale price | $291,500 |
| Arm's length | Register |
| Current property tax | $9,532 |
| Building sqft | 1,458 |
| Building class | Residential (2) |
| Acreage | 0.106 |
| Year built | 1840 |
| Stories | 2 |
| Exterior structural material | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
1 Market Street, Somerset, NJ 08873 was built in 1840 and has a total of 1,458 square feet.
What is the assessed value of 1 Market Street, Somerset, NJ 08873 and the property tax paid?Assessed at $524,300, the tax amount paid for 1 Market Street, Somerset, NJ 08873 is $8,797.
When was 1 Market Street, Somerset, NJ 08873 last sold and what was the last sale price?1 Market Street, Somerset, NJ 08873 was last sold in 02/20/2021 for $291,500.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
Create a free account to view the complete sales history for 1 Market Street, Somerset, including title documents, transfer conditions, mortgages and liens.
*Here are the three most recent sales for this property.
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.
R: Recorded date
D: Document date
Access detailed property tax data for 1 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 | $9,165 |
| Current property tax | $9,532 |
| Market value | $524,300 |
Here's the assessment & property tax history for 1 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 | $435,600 | $435,600 | 1.748 | $7,614 | +3.04% |
| 2023 | $395,600 | $395,600 | 1.868 | $7,390 | +31.34% |
| 2022 | $285,600 | $285,600 | 1.97 | $5,626 | -8.16% |
| 2021 | $285,600 | $285,600 | 2.145 | $6,126 | -2.37% |
| 2020 | $285,600 | $285,600 | 2.197 | $6,275 | +2.00% |
Create a free account to unlock extended information for 1 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 |
Access the detailed traffic volume map for 1 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 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.10 |
| Amsterdam School | 9 | Public | K-4 | 390 | 1.70 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 2.27 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 2.27 |
| Weston Elementary School | NR | Public | PK, K-2 | 381 | 2.32 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.10 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 2.27 |
| Alexander Batcho Intermediate School | 2 | Public | 5-8 | 485 | 3.05 |
| Christ The King Elementary School | NR | Private | PK, K-8 | 202 | 3.08 |
| Elite Prepartory Academy | NR | Private | 5-12 | 80 | 3.14 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.10 |
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 1.93 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 2.27 |
| Manville High School | 2 | Public | 9-12 | 501 | 2.99 |
| Elite Prepartory Academy | NR | Private | 5-12 | 80 | 3.14 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 1 Market Street, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 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 |
| 26 Franklin St, Somerset | 2,208 | 04/06/1983 | $85,000 |
| 13 William St, Somerset | 2,623 | 10/29/2008 | $271,000 |
| 32 William St, Somerset | 1,960 | 08/16/1996 | $1 |
| 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 | |
| 3 Market St, Somerset | 2,304 | 05/28/2020 | $310,000 |
| 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 |