| Primary address | 587 Madison Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 537 |
| Lot | 1 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 12/30/1986 |
| Sale price | $33,500,000 |
| Arm's length | Register |
| Current property tax | $0 |
| Building class | Public Property (15C) |
| Acreage | 0.057 |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
Assessed at $6,000, the tax amount paid for 587 Madison Avenue, Somerset, NJ 08873 is $100.
When was 587 Madison Avenue, Somerset, NJ 08873 last sold and what was the last sale price?587 Madison Avenue, Somerset, NJ 08873 was last sold in 12/30/1986 for $33,500,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
Create a free account to view the complete sales history for 587 Madison Avenue, Somerset, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 12/30/1986 | $33,500,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 587 Madison Avenue, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $105 |
| Current property tax | $0 |
| Market value | $6,000 |
Here's the assessment & property tax history for 587 Madison 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 | $6,000 | $6,000 | 1.748 | $105 | -6.42% |
| 2023 | $6,000 | $6,000 | 1.868 | $112 | -5.18% |
| 2022 | $6,000 | $6,000 | 1.97 | $118 | -8.16% |
| 2021 | $6,000 | $6,000 | 2.145 | $129 | -2.37% |
| 2020 | $6,000 | $6,000 | 2.197 | $132 | -1.57% |
Create a free account to unlock extended information for 587 Madison 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 |
Access the detailed traffic volume map for 587 Madison 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 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.22 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.22 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.65 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.65 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.25 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.65 |
| Community Middle School | 4 | Public | 7-8 | 285 | 1.23 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.25 |
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.28 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.34 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.28 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.34 |
| Bound Brook High School | 2 | Public | 9-12 | 677 | 1.57 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 1.64 |
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 1.92 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 587 Madison Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 578 Elizabeth Ave, Somerset | |||
| 330 Elizabeth Ave, Somerset | 1,156 | 09/20/1979 | $55,000 |
| 590 Madison Ave, Somerset | 1,430 | 05/19/2011 | $225,000 |
| 608 Garfield Ave, Somerset | 4,736 | 05/26/1993 | $1 |
| 604 Garfield Ave, Somerset | 09/30/2014 | $11,000 | |
| 611 Equator Ave, Somerset | 947 | 08/10/2004 | $239,900 |
| 334 Elizabeth Ave, Somerset | 4,000 | 12/15/1986 | $150,000 |
| 328 Elizabeth Ave, Somerset | 860 | 10/15/1987 | $137,000 |
| 607 Garfield Ave, Somerset | 1,500 | 01/17/2023 | $445,000 |
| 580 Elizabeth Ave, Somerset | 04/20/1970 | ||
| 569 Madison Ave, Somerset | |||
| 556 Madison Ave, Somerset | |||
| 609 Garfield Ave, Somerset | 1,092 | 08/12/1993 | $72,000 |
| 613 Equator Ave, Somerset | 05/26/1993 | ||
| 600 Garfield Ave, Somerset | 09/30/2014 | $11,000 | |
| 568 Madison Ave, Somerset | |||
| 320 Elizabeth Ave, Somerset | 03/30/2017 | $1 | |
| 201 Campus Dr, Somerset | 12/30/1986 | $33,500,000 | |
| 602 Garfield Ave, Somerset | 1,540 | 03/30/2004 | $105,000 |
| 326 Elizabeth Ave, Somerset | 1,500 | 03/31/2011 | $1 |