| Primary address | 517 Madison Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 551 |
| Lot | 5 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 06/30/2023 |
| Sale price | $200,000 |
| Arm's length | Register |
| Current property tax | $3,214 |
| Building sqft | 1,372 |
| Building class | Residential (2) |
| Acreage | 0.115 |
| Year built | 1924 |
| Stories | 1 |
| Exterior structural material | Register |
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:
517 Madison Avenue, Somerset, NJ 08873 was built in 1924 and has a total of 1,372 square feet.
What is the assessed value of 517 Madison Avenue, Somerset, NJ 08873 and the property tax paid?Assessed at $176,800, the tax amount paid for 517 Madison Avenue, Somerset, NJ 08873 is $2,966.
When was 517 Madison Avenue, Somerset, NJ 08873 last sold and what was the last sale price?517 Madison Avenue, Somerset, NJ 08873 was last sold in 06/30/2023 for $200,000.
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 517 Madison Avenue, Somerset, including title documents, transfer conditions, mortgages and liens.
*Here are the three most recent sales for this property.
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 517 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 | $3,090 |
| Current property tax | $3,214 |
| Market value | $176,800 |
Here's the assessment & property tax history for 517 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 | $138,000 | $138,000 | 1.748 | $2,412 | -6.42% |
| 2023 | $138,000 | $138,000 | 1.868 | $2,578 | -5.18% |
| 2022 | $138,000 | $138,000 | 1.97 | $2,719 | -8.16% |
| 2021 | $138,000 | $138,000 | 2.145 | $2,960 | -2.37% |
| 2020 | $138,000 | $138,000 | 2.197 | $3,032 | -1.57% |
Create a free account to unlock extended information for 517 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 517 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) |
|---|---|---|---|---|---|
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.30 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.30 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.54 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.54 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 0.90 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.30 |
| Community Middle School | 4 | Public | 7-8 | 285 | 0.88 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 0.90 |
| Green Brook Academy | NR | Private | 8-12 | 35 | 0.98 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.61 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Green Brook Academy | NR | Private | 8-12 | 35 | 0.98 |
| Bound Brook High School | 2 | Public | 9-12 | 677 | 1.24 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.61 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 1.81 |
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 2.27 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 517 Madison Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 231 Beck Ave, Somerset | 2,356 | 10/24/1972 | $27,500 |
| 234 Bathgate Ave, Somerset | 3,406 | 04/09/2025 | $1,000 |
| 312 Elizabeth Ave, Somerset | 09/30/2014 | $4,000 | |
| 106 Adams St, Somerset | 1,344 | 08/22/2017 | $312,000 |
| 535 Madison Ave, Somerset | 09/17/2018 | ||
| 308 Elizabeth Ave, Somerset | 05/20/2021 | $300,000 | |
| 227 Bathgate Ave, South Bound Brook | 864 | 12/31/2020 | $365,000 |
| 306 Elizabeth Ave, Somerset | 05/27/2021 | $50,000 | |
| 310 Elizabeth Ave, Somerset | 3,060 | 05/20/2021 | $300,000 |
| 226 Bathgate Ave, Somerset | 1,748 | 10/05/1999 | $178,000 |
| 202 Adam St, Somerset | |||
| 316 Elizabeth Ave, Somerset | 3,916 | 01/31/2024 | $875,000 |
| 109 Hall St, Somerset | 1,170 | 12/22/2004 | |
| 114 Adams St, Somerset | 1,808 | 12/20/2024 | $555,000 |
| 500 Beck Ave, Somerset | |||
| 233 Beck Ave, Somerset | 2,202 | 10/15/1985 | $80,000 |
| 318 Elizabeth Ave, Somerset | 2,360 | 05/20/2008 | $1 |
| 300 Elizabeth Ave, Somerset | 10/06/2023 | ||
| 221 Adams St, Somerset | |||
| 314 Elizabeth Ave, Somerset | 07/19/1976 | $100 |