389 Somerset Street, Somerset, NJ 08873 Property Information
389 Somerset Street, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 389 Somerset Street, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 181 |
| Lot | 29 |
Sales & Tax Overview for 389 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 | 05/15/2014 |
| Sale price | $950,000 |
| Arm's length | Register |
| Current property tax | $13,031 |
Lot & Building Information for 389 Somerset Street, Somerset
| Building sqft | 6,168 |
| Building class | Restaurant-Other (649) |
| Acreage | 0.172 |
| Year built | 1940 |
| Units | 4 |
| Stories | 2 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
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Other Property Data for 389 Somerset Street, Somerset
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- • Improvements for 389 Somerset Street, Somerset , including their type, square footage, grade and when they were built.
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About 389 Somerset Street, Somerset
This Restaurant-Other (649) located at 389 Somerset Street, Somerset, NJ 08873 has a total of 6,168 square feet and a current price per square foot of $154.
What is the year built & the current market value of 389 Somerset Street, Somerset, NJ 08873?389 Somerset Street, Somerset, NJ 08873 was built in 1940 and has a current tax assessor's market value of $740,000.
How many commercial spaces does this building have?This building has 4 commercial spaces available for lease.
Ownership Information
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Past Sales & Property History for 389 Somerset Street, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 389 Somerset Street, Somerset
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R: Recorded date
D: Document date
Property Taxes for 389 Somerset Street, Somerset
Access detailed property tax data for 389 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 | $12,417 |
| Current property tax | $13,031 |
| Market value | $740,000 |
Assessment History for 389 Somerset Street, Somerset
Here's the assessment & property tax history for 389 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 | $740,000 | $740,000 | 1.678 | $12,417 | -4.00% |
| 2024 | $740,000 | $740,000 | 1.748 | $12,935 | +12.60% |
| 2023 | $615,000 | $615,000 | 1.868 | $11,488 | -5.18% |
| 2022 | $615,000 | $615,000 | 1.97 | $12,116 | -8.16% |
| 2021 | $615,000 | $615,000 | 2.145 | $13,192 | -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 389 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 389 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 389 Somerset Street, Somerset
Here are the neighbors for 389 Somerset Street, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 401 Somerset St, Somerset | 4,040 | 01/23/2023 | |
| 34 Home St, Somerset | 1,962 | 09/26/1991 | $75,000 |
| 395 Somerset St, Somerset | 2,240 | 10/31/1994 | $250,000 |
| 15 Ambrose St, Somerset | 1,512 | 02/10/2021 | $305,000 |
| 31 Ambrose St, Somerset | 09/17/1993 | $10,000 | |
| 41 Ambrose St, Somerset | 1,293 | 06/25/2004 | $1 |
| 10 Home St, Somerset | 1,072 | 08/24/2021 | $307,750 |
| 11 Ambrose St, Somerset | 1,064 | 01/12/2018 | $240,000 |
| 20 Home St, Somerset | 1,596 | 04/29/2005 | $225,000 |
| 26 Home St, Somerset | 1,554 | 09/08/2007 | $375,000 |
| 36 Home St, Somerset | 3,776 | 08/12/2016 | $100 |
| 399 Somerset St, Somerset | 3,420 | 11/30/2016 | $1 |
| 21 Ambrose St, Somerset | 532 | 01/11/2002 | $105,000 |
| 32 Home St, Somerset | 1,596 | 09/15/2016 | $145,000 |
| 18 Home St, Somerset | 1,891 | 03/01/2004 | $280,000 |
| 22 Home St, Somerset | 09/08/2007 | $375,000 | |
| 28 Home St, Somerset | 630 | 06/11/2024 | $250,000 |
| 40 Home St, Somerset | 1,084 | 09/30/2022 | $260,000 |
| 29 Ambrose St, Somerset | 1,392 | 07/17/2021 | $100 |
| 33 Ambrose St, Somerset | 2,560 | 05/29/1969 |