490 Elizabeth Avenue, Somerset, NJ 08873 Property Information
490 Elizabeth Avenue, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 490 Elizabeth Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 514 |
| Lot | 34 |
Sales & Tax Overview for 490 Elizabeth Avenue, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 07/25/2024 |
| Sale price | $4,350,000 |
| Arm's length | Register |
| Current property tax | $52,722 |
Lot & Building Information for 490 Elizabeth Avenue, Somerset
| Building class | Vacant Land (1) |
| Acreage | 5.5 |
| Stories | 1 |
| 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 490 Elizabeth Avenue, Somerset
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- • Improvements for 490 Elizabeth 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 490 Elizabeth Avenue, Somerset
The current market value is $2,900,000.
Ownership Information
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Past Sales & Property History for 490 Elizabeth Avenue, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 490 Elizabeth Avenue, Somerset
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R: Recorded date
D: Document date
Property Taxes for 490 Elizabeth Avenue, Somerset
Access detailed property tax data for 490 Elizabeth Avenue, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $50,692 |
| Current property tax | $52,722 |
| Market value | $2,900,000 |
Assessment History for 490 Elizabeth Avenue, Somerset
Here's the assessment & property tax history for 490 Elizabeth 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 |
|---|---|---|---|---|---|
| 2024 | $428,000 | $428,000 | 1.748 | $7,481 | +4.57% |
| 2023 | $383,000 | $383,000 | 1.868 | $7,154 | -5.91% |
| 2022 | $386,000 | $386,000 | 1.97 | $7,604 | +3.96% |
| 2021 | $341,000 | $341,000 | 2.145 | $7,314 | -2.37% |
| 2020 | $341,000 | $341,000 | 2.197 | $7,492 | -1.57% |
Risk
Create a free account to unlock extended information for 490 Elizabeth 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 490 Elizabeth Avenue, Somerset to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Schools
Nearest elementary schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.07 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.40 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 1.60 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 1.60 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 1.82 |
Nearest middle schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.07 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.40 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 1.82 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 2.01 |
| Sampson G Smith School | 3 | Public | 6-8 | 706 | 2.31 |
Nearest high schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 0.22 |
| Central Jersey College Prep Charter School | 8 | Charter | K-12 | 1,288 | 1.07 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.40 |
| Somerset Christian Academy | NR | Private | PK, K-12 | 0 | 1.82 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 2.01 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 490 Elizabeth Avenue, Somerset
Here are the neighbors for 490 Elizabeth Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 512 Elizabeth Ave, Somerset | 2,100 | 03/09/2011 | $178,600 |
| 520 Elizabeth Ave, Somerset | 2,758 | 03/11/2019 | $355,000 |
| 486 Elizabeth Ave, Somerset | 1,968 | 09/20/2001 | $260,000 |
| 482 Elizabeth Ave, Somerset | 1,512 | 08/24/2020 | $230,000 |
| 18 Heller Park Ln, Somerset | 12/31/2017 | ||
| 494 Elizabeth Ave, Somerset | 12/05/2001 | $1,100,000 | |
| 496 Elizabeth Ave, Somerset | 1,720 | 05/22/2013 | $318,000 |
| 506 Elizabeth Ave, Somerset | 2,586 | 05/15/2020 | $480,000 |
| 514 Elizabeth Ave, Somerset | 3,430 | 01/22/2018 | $499,000 |
| 16 Heller Park Ln, Somerset | 9,860 | 11/21/2024 | $3,200,000 |
| 20 Heller Park Ln, Somerset | 12/31/2017 | ||
| 516 Elizabeth Ave, Somerset | 1,315 | 11/30/2020 | $369,750 |
| 14 School House Rd, Gladstone | 224,360 | 05/11/2005 | $70,679,463 |
| 468 Elizabeth Ave, Somerset | 13,777 | 12/10/1999 | $650,000 |
| 500 Elizabeth Ave, Somerset | 12/05/2001 | $614,500 | |
| 504 Elizabeth Ave, Somerset | 1,142 | 11/22/1968 | $25,990 |
| 21 Heller Park Ln, Somerset | 1,323 | 09/25/2012 | $120,000 |
| 498 Elizabeth Ave, Somerset | 1,743 | 02/28/1986 | $225,000 |
| 488 Elizabeth Ave, Somerset | 1,512 | 09/29/2005 | $390,000 |
| 484 Elizabeth Ave, Somerset | 2,310 | 11/17/2025 | $1 |