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5 Terry Terrace, Somerset, NJ 08873 Property Information

5 Terry Terrace, Somerset, NJ 08873 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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5 Terry Terrace, Somerset, NJ 08873
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Address

Primary address 5 Terry Terrace, Somerset
Zip code 08873
County Somerset
Municipality Franklin Township
Block 386.07
Lot 81

Sales & Tax Overview for 5 Terry Terrace, Somerset

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Sale date 07/28/1983
Sale price $115,400
Arm's length
Current property tax $12,682

Lot & Building Information for 5 Terry Terrace, Somerset

Building sqft 2,010
Building class Residential (2)
Acreage 0.468
Year built 1983
Stories 2
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Residential (R-20)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 5 Terry Terrace, Somerset

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About 5 Terry Terrace, Somerset

What is the year built & the total sq. ft. for 5 Terry Terrace, Somerset, NJ 08873?

5 Terry Terrace, Somerset, NJ 08873 was built in 1983 and has a total of 2,010 square feet.

What is the assessed value of 5 Terry Terrace, Somerset, NJ 08873 and the property tax paid?

Assessed at $697,600, the tax amount paid for 5 Terry Terrace, Somerset, NJ 08873 is $11,705.

When was 5 Terry Terrace, Somerset, NJ 08873 last sold and what was the last sale price?

5 Terry Terrace, Somerset, NJ 08873 was last sold in 07/28/1983 for $115,400.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 5 Terry Terrace, Somerset

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Purchase date Purchase price Buyer name Seller name
07/28/1983 $115,400

Title Documents for 5 Terry Terrace, Somerset

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Date Amount Grantor Grantee Document
07/28/1983 - D
         
         
         
         
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R: Recorded date
D: Document date

Property Taxes for 5 Terry Terrace, Somerset

Access detailed property tax data for 5 Terry Terrace, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Base tax $12,194
Current property tax $12,682
Market value $697,600

Assessment History for 5 Terry Terrace, Somerset

Here's the assessment & property tax history for 5 Terry Terrace, 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 $597,400 $597,400 1.748 $10,443 +0.29%
2023 $557,400 $557,400 1.868 $10,412 +4.33%
2022 $506,600 $506,600 1.97 $9,980 +1.90%
2021 $456,600 $456,600 2.145 $9,794 -2.37%
2020 $456,600 $456,600 2.197 $10,032 +5.35%

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 5 Terry Terrace, 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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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
St Matthias Elementary School NR Private PK-8 360 0.40
St Matthias Elementary School NR Private PK-8 360 0.40
MacAfee Elementary School 6 Public PK, K-5 413 0.54
MacAfee Elementary School 6 Public PK, K-5 413 0.54
Rutgers Preparatory School NR Private PK-12 623 0.78

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
St Matthias Elementary School NR Private PK-8 360 0.40
Sampson G Smith School 3 Public 6-8 706 0.56
New Road School of Somerset NR Private 7-12 180 0.78
Rutgers Preparatory School NR Private PK-12 623 0.78
The Center School NR Private 3-12 100 0.78

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
New Road School of Somerset NR Private 7-12 180 0.78
Rutgers Preparatory School NR Private PK-12 623 0.78
The Center School NR Private 3-12 100 0.78
Somerset Bible Baptist Christian AC NR Private K-12 82 0.78
Elite Prepartory Academy NR Private 5-12 80 0.78

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 5 Terry Terrace, Somerset

Here are the neighbors for 5 Terry Terrace, Somerset.

Address Square feet Purchase date Purchase price
3 Terry Ter, Somerset 2,253 09/14/2000 $280,000
31 Magnolia Rd, Somerset 2,481 07/08/2016
10 Terry Ter, Somerset 2,359 08/03/2018 $485,000
1 Terry Ter, Somerset 2,697 02/17/1984 $145,000
39 Magnolia Rd, Somerset 2,014 05/24/1999 $262,000
33 Magnolia Rd, Somerset 2,030 05/25/1990 $222,500
27 Magnolia Rd, Somerset 2,014 08/20/1993 $215,000
6 Terry Ter, Somerset 2,578 12/12/1991 $222,000
32 Magnolia Rd, Somerset 2,475 08/14/2017 $1
41 Magnolia Rd, Somerset 2,010 03/11/2022 $535,000
37 Magnolia Rd, Somerset 1,982 06/30/2021 $545,000
8 Terry Ter, Somerset 2,004 08/23/1990 $205,000
35 Magnolia Rd, Somerset 2,010 07/25/2005 $421,000
12 Terry Ter, Somerset 2,987 11/22/2003
7 Terry Ter, Somerset 2,014 05/06/2022 $615,000
9 Terry Ter, Somerset 2,578 06/30/2004 $410,000
36 Magnolia Rd, Somerset 2,595 12/21/2009 $100
29 Magnolia Rd, Somerset 1,986 09/23/2009 $399,000
11 Terry Ter, Somerset 2,482 08/28/1986 $185,000
4 Terry Ter, Somerset 2,210 07/24/1990 $100

Nearby ZIP Codes for 5 Terry Terrace, Somerset

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