55 School Avenue, Somerset, NJ 08873 Property Information
55 School Avenue, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 55 School Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 103 |
| Lot | 8.01 |
Sales & Tax Overview for 55 School Avenue, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 07/12/2018 |
| Sale price | $4,000,000 |
| Arm's length | Register |
| Current property tax | $267,672 |
Lot & Building Information for 55 School Avenue, Somerset
| Building sqft | 182,526 |
| Building class | Industrial/Manufacturing (330) |
| Acreage | 14.7 |
| 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 55 School Avenue, Somerset
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 55 School 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 55 School Avenue, Somerset
This Industrial/Manufacturing (330) located at 55 School Avenue, Somerset, NJ 08873 has a total of 182,526 square feet.
What is the market value of 55 School Avenue, Somerset, NJ 08873?The current market value is $15,200,000.
Ownership Information
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Past Sales & Property History for 55 School Avenue, Somerset
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Title Documents for 55 School Avenue, Somerset
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R: Recorded date
D: Document date
Property Taxes for 55 School Avenue, Somerset
Access detailed property tax data for 55 School Avenue, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $255,056 |
| Current property tax | $267,672 |
| Market value | $15,200,000 |
Assessment History for 55 School Avenue, Somerset
Here's the assessment & property tax history for 55 School 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 |
|---|---|---|---|---|---|
| 2025 | $15,200,000 | $15,200,000 | 1.678 | $255,056 | -4.00% |
| 2024 | $15,200,000 | $15,200,000 | 1.748 | $265,696 | -6.42% |
| 2023 | $15,200,000 | $15,200,000 | 1.868 | $283,936 | +9.19% |
| 2022 | $13,200,000 | $13,200,000 | 1.97 | $260,040 | +7.28% |
| 2021 | $11,300,000 | $11,300,000 | 2.145 | $242,385 | -2.37% |
Demographics by Zip Code
| Total population | 56,327 |
| Median age | 40.4 |
| Average household income | $156,289 |
| Family households | 67.3% |
| Occupied housing units | 21,831 |
| Owner occupied units | 67.6% |
| Average number of people per household | 2.55 |
| Median year structure built | 1984 |
| Median value for units with a mortgage | $465,600 |
| Median value for units without a mortgage | $466,100 |
Risk
Create a free account to unlock extended information for 55 School 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 55 School Avenue, Somerset to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 55 School Avenue, Somerset
Here are the neighbors for 55 School Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 48 Churchill Ave, Somerset | 12/28/1994 | $87,500 | |
| 984 Hamilton St, Somerset | 1,020 | 12/18/1998 | $117,900 |
| 1030 Hamilton St, Somerset | 1,296 | 09/17/2002 | |
| 84 Baker St, Somerset | 932 | 07/30/2021 | $250,000 |
| 1022 Hamilton St, Somerset | 20,700 | 12/31/2002 | $700,000 |
| 50 Churchill Ave, Somerset | 1,292 | 12/28/1994 | $45,000 |
| 1000 Hamilton St, Somerset | 1,410 | 04/27/2012 | $575,000 |
| 970 Hamilton St, Somerset | 880 | 06/11/2024 | |
| 1052 Hamilton St, Somerset | 07/14/2004 | $20,000 | |
| 40 Churchill Ave, Somerset | 07/18/1984 | $65,000 | |
| 990 Hamilton St, Somerset | 858 | 11/16/1994 | |
| 56 School Ave, Somerset | 10,600 | 01/06/2011 | $915,000 |
| 46 Churchill Ave, Somerset | 21,624 | 07/12/1973 | |
| 950 Hamilton St, Somerset | 10,290 | 09/05/2024 | $1,550,000 |
| 974 Hamilton St, Somerset | 1,245 | 07/10/2007 | $245,000 |
| 980 Hamilton St, Somerset | 1,040 | 06/09/1994 | $85,000 |
| 112 Berry St, Somerset | 1,680 | 06/03/2022 | $182,500 |
| 1050 Hamilton St, Somerset | 6,726 | 12/27/1994 | $100 |
| 1260 Hamilton St, Somerset | 6,916 | 02/13/1957 | $20,000 |
| 1270 Hamilton St, Somerset | 05/23/1984 | $143,000 |