7 Cedar Grove Lane, Somerset, NJ 08873 Property Information
7 Cedar Grove Lane, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 7 Cedar Grove Lane, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 468.09 |
| Lot | 29 |
Sales & Tax Overview for 7 Cedar Grove Lane, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 06/30/2008 |
| Sale price | $2,400,000 |
| Arm's length | Register |
| Current property tax | $56,358 |
Lot & Building Information for 7 Cedar Grove Lane, Somerset
| Building sqft | 39,000 |
| Building class | Office-Medical/Mental Health (562) |
| Acreage | 2.65 |
| 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 7 Cedar Grove Lane, Somerset
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- • Improvements for 7 Cedar Grove Lane, Somerset , including their type, square footage, grade and when they were built.
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About 7 Cedar Grove Lane, Somerset
This Office-Medical/Mental Health (562) located at 7 Cedar Grove Lane, Somerset, NJ 08873 has a total of 29,946 square feet and a current price per square foot of $80.
What is the market value of 7 Cedar Grove Lane, Somerset, NJ 08873?The current market value is $3,100,000.
Ownership Information
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Past Sales & Property History for 7 Cedar Grove Lane, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 7 Cedar Grove Lane, Somerset
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R: Recorded date
D: Document date
Property Taxes for 7 Cedar Grove Lane, Somerset
Access detailed property tax data for 7 Cedar Grove Lane, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $54,188 |
| Current property tax | $56,358 |
| Market value | $3,100,000 |
Assessment History for 7 Cedar Grove Lane, Somerset
Here's the assessment & property tax history for 7 Cedar Grove Lane, 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 | $3,100,000 | $3,100,000 | 1.748 | $54,188 | -6.42% |
| 2023 | $3,100,000 | $3,100,000 | 1.868 | $57,908 | -2.02% |
| 2022 | $3,000,000 | $3,000,000 | 1.97 | $59,100 | -8.16% |
| 2021 | $3,000,000 | $3,000,000 | 2.145 | $64,350 | -2.37% |
| 2020 | $3,000,000 | $3,000,000 | 2.197 | $65,910 | -1.57% |
Demographics By Zip Code
| Total population | 55,862 |
| Median age | 40 |
| Average household income | $148,780 |
| Family households | 65.2% |
| Occupied housing units | 21,641 |
| Owner occupied units | 67.3% |
| Average number of people per household | 2 |
| Median year structure built | 1985 |
| Median value for units with a mortgage | $433,700 |
| Median value for units without a mortgage | $445,400 |
Risk
Create a free account to unlock extended information for 7 Cedar Grove Lane, 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) | A, X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 7 Cedar Grove Lane, 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 7 Cedar Grove Lane, Somerset
Here are the neighbors for 7 Cedar Grove Lane, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 25 Worlds Fair Dr, Somerset | 17,732 | 10/20/2011 | $2,600,000 |
| 97 Cedar Grove Ln, Somerset | 12/03/2021 | $1,600,000 | |
| 708 New Brunswick Rd, Somerset | 6,999 | 11/18/2019 | |
| 42 Crown Rd, Somerset | 2,378 | 08/06/2014 | $417,000 |
| 27 Cedar Grove Ln, Somerset | 1,943 | 09/19/1996 | $190,500 |
| 39 Cedar Grove Ln, Somerset | 918 | 05/02/2006 | $350,000 |
| 27 Worlds Fair Dr, Somerset | 60,000 | 09/06/1984 | $453,000 |
| 150 Pierce St, Somerset | 128,100 | 04/07/2014 | $2,850,000 |
| 107 Cedar Grove Ln, Somerset | 17,271 | 11/17/2005 | $3,350,000 |
| 23 Worlds Fair Dr, Somerset | 16,050 | 08/13/2015 | $1,950,000 |
| 1830 Easton Ave, Somerset | 8,700 | 09/27/2019 | $5,559,400 |
| 11 Cedar Grove Ln, Somerset | 51,196 | 12/16/2016 | $3,850,000 |
| 51 Cedar Grove Ln, Somerset | 1,392 | 12/22/2011 | $1 |
| 14 New Brunswick Rd, Somerset | |||
| 101 Pierce St, Somerset | 107,718 | 01/31/2020 | $13,500,000 |
| 37 Worlds Fair Dr, Somerset | 09/23/2021 | $15,252,000 | |
| 127 Cedar Grove Ln, Somerset | 1,408 | 11/18/2019 | |
| 41 Worlds Fair Dr, Somerset | 04/07/2023 | $6,850,000 | |
| 160 Pierce St, Somerset | 87,500 | 12/30/2021 | $26,000,000 |
| 40 Crown Rd, Somerset | 2,326 | 08/28/1996 | $270,600 |