462 Elizabeth Avenue, Somerset, NJ 08873 Property Information
462 Elizabeth Avenue, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 462 Elizabeth Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 521.02 |
| Lot | 5.05 |
Sales & Tax Overview for 462 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 | 10/05/2022 |
| Sale price | $10,385,000 |
| Arm's length | Register |
| Current property tax | $128,686 |
Lot & Building Information for 462 Elizabeth Avenue, Somerset
| Building sqft | 12,900 |
| Building class | Store-Other (739) |
| Acreage | 2.246 |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 462 Elizabeth Avenue, Somerset
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- • Improvements for 462 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 462 Elizabeth Avenue, Somerset
This Store-Other (739) located at 462 Elizabeth Avenue, Somerset, NJ 08873 has a total of 12,900 square feet and a current price per square foot of $805.
What is the market value of 462 Elizabeth Avenue, Somerset, NJ 08873?The current market value is $7,400,000.
Ownership Information
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Past Sales & Property History for 462 Elizabeth Avenue, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 462 Elizabeth Avenue, Somerset
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R: Recorded date
D: Document date
Property Taxes for 462 Elizabeth Avenue, Somerset
Access detailed property tax data for 462 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 | $124,172 |
| Current property tax | $128,686 |
| Market value | $7,400,000 |
Assessment History for 462 Elizabeth Avenue, Somerset
Here's the assessment & property tax history for 462 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 |
|---|---|---|---|---|---|
| 2025 | $7,400,000 | $7,400,000 | 1.678 | $124,172 | -4.00% |
| 2024 | $7,400,000 | $7,400,000 | 1.748 | $129,352 | +8.20% |
| 2023 | $6,400,000 | $6,400,000 | 1.868 | $119,552 | +8.37% |
| 2022 | $5,600,000 | $5,600,000 | 1.97 | $110,320 | -8.16% |
| 2021 | $5,600,000 | $5,600,000 | 2.145 | $120,120 | -2.37% |
Demographics by Zip Code
| Total population | 56,327 |
| Median age | 40.4 |
| Average household income | $156,289 |
| Family households | 67.3% |
| Occupied housing units | 21,831 |
| Owner occupied units | 67.6% |
| Average number of people per household | 2.55 |
| Median year structure built | 1984 |
| Median value for units with a mortgage | $465,600 |
| Median value for units without a mortgage | $466,100 |
Risk
Create a free account to unlock extended information for 462 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 462 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 |
Neighbors for 462 Elizabeth Avenue, Somerset
Here are the neighbors for 462 Elizabeth Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 87 Canal Walk Blvd, Somerset | 2,158 | 03/24/2023 | $530,000 |
| 421 Equator Ave, Somerset | 3,109 | 02/24/2023 | $760,850 |
| 454 Elizabeth Ave, Somerset | 11,612 | 06/08/2015 | $5,930,000 |
| 93 Canal Walk Blvd, Somerset | 2,146 | 03/16/2017 | $394,900 |
| 91 Canal Walk Blvd, Somerset | 2,281 | 10/15/2025 | $650,000 |
| 431 Equator Ave, Somerset | 1,456 | 12/18/2018 | $235,000 |
| 7316 Minuteman Ln, Somerset | 1,523 | 09/17/2021 | $385,000 |
| 89 Canal Walk Blvd, Somerset | 2,146 | 03/01/2017 | $449,279 |
| 85 Canal Walk Blvd, Somerset | 2,281 | 11/12/2024 | $620,000 |
| 611 Garfield Ave, Somerset | 1,936 | 07/17/2019 | $50,000 |
| 116 Adams St, Somerset | 2,447 | 07/16/2020 | $505,000 |
| 460 Elizabeth Ave, Somerset | 5,029 | 03/11/2008 | $2,586,210 |
| 456-458 Elizabeth Ave, Somerset | 22,000 | 06/08/2015 | $8,895,000 |
| 83 Canal Walk Blvd, Somerset | 2,281 | 10/22/2018 | $421,000 |
| 81 Canal Walk Blvd, Somerset | 2,158 | 12/19/2018 | $418,000 |