561 Somerset Street, Somerset, NJ 08873 Property Information
561 Somerset Street, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 561 Somerset Street, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 166 |
| Lot | 17 |
Sales & Tax Overview for 561 Somerset Street, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 07/07/2022 |
| Sale price | $465,000 |
| Arm's length | Register |
| Current property tax | $7,396 |
Lot & Building Information for 561 Somerset Street, Somerset
| Building sqft | 2,550 |
| Building class | Store-Mall (732) |
| Acreage | 0.133 |
| Year built | 1960 |
| 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 561 Somerset Street, Somerset
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- • Improvements for 561 Somerset Street, 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 561 Somerset Street, Somerset
This Store-Mall (732) located at 561 Somerset Street, Somerset, NJ 08873 has a total of 2,550 square feet and a current price per square foot of $182.
What is the year built & the current market value of 561 Somerset Street, Somerset, NJ 08873?561 Somerset Street, Somerset, NJ 08873 was built in 1960 and has a current tax assessor's market value of $420,000.
Ownership Information
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Past Sales & Property History for 561 Somerset Street, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 561 Somerset Street, Somerset
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R: Recorded date
D: Document date
Property Taxes for 561 Somerset Street, Somerset
Access detailed property tax data for 561 Somerset Street, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $7,048 |
| Current property tax | $7,396 |
| Market value | $420,000 |
Assessment History for 561 Somerset Street, Somerset
Here's the assessment & property tax history for 561 Somerset 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 |
|---|---|---|---|---|---|
| 2025 | $420,000 | $420,000 | 1.678 | $7,048 | -4.00% |
| 2024 | $420,000 | $420,000 | 1.748 | $7,342 | -6.42% |
| 2023 | $420,000 | $420,000 | 1.868 | $7,846 | -5.18% |
| 2022 | $420,000 | $420,000 | 1.97 | $8,274 | +2.86% |
| 2021 | $375,000 | $375,000 | 2.145 | $8,044 | -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 561 Somerset 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) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 561 Somerset Street, 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 561 Somerset Street, Somerset
Here are the neighbors for 561 Somerset Street, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 38 Douglas Ave, Somerset | 2,292 | 11/08/2021 | $350,000 |
| 22 Douglas Ave, Somerset | 1,920 | 07/24/2009 | $200,000 |
| 12 S Dover Ave, Somerset | 09/30/1985 | $78,000 | |
| 575 Somerset St, Somerset | 1,178 | 10/12/2022 | $150,000 |
| 581 Somerset St, Somerset | 8,320 | 02/13/2010 | $100 |
| 2 S Dover Ave, Somerset | 3,064 | 03/26/2010 | $100 |
| 569 Somerset St, Somerset | 3,493 | 10/12/2022 | $900,000 |
| 33 Marshall St, Somerset | 10/26/1987 | $8,000 | |
| 23 Marshall St, Somerset | 02/14/2008 | $16,000 | |
| 13 Marshall St, Somerset | 10/21/2001 | $95,000 | |
| 26 Douglas Ave, Somerset | 1,920 | 10/09/2002 | $280,000 |
| 9 Juliet Ave, Somerset | 05/27/1980 | $100 | |
| 591 Somerset St, Somerset | 7,000 | 05/27/1980 | $100 |
| 20 Douglas Ave, Somerset | 1,920 | 12/12/2000 | $160,000 |
| 35 S Dover Ave, Somerset | 1,180 | 07/11/2017 | $180,000 |
| 30 Douglas Ave, Somerset | 3,172 | 07/28/2023 | $619,000 |
| 16 Marshall St, Somerset | 10/12/2022 | $900,000 | |
| 27 Marshall St, Somerset | 10/21/2001 | $95,000 | |
| 563 Somerset St, Somerset | 2,216 | 09/30/1985 | $78,000 |
| 20 Marshall St, Somerset | 02/13/2010 | $100 |