NOT LISTED FOR SALE

109 Drake Rd Somerset, NJ 08873

Franklin Township Neighborhood

Estimated Value: $588,134 - $655,000

-- Bed
-- Bath
2,358 Sq Ft
$263/Sq Ft Est. Value

About This Home

This home is located at 109 Drake Rd, Somerset, NJ 08873 and is currently estimated at $619,784, approximately $262 per square foot. 109 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2025
Sold by
Grigoli Lorenzo and Hrabec Marianne
Bought by
Hrabec Marianne
Current Estimated Value
$619,784

Purchase Details

Closed on
Nov 22, 2024
Sold by
Grigoli Lorenzo and Grigoli Holly
Bought by
Grigoli Lorenzo and Hrabec Marianne

Purchase Details

Closed on
Nov 30, 2004
Sold by
Jones Willie D
Bought by
Grigoli Lorenzo and Grigoli Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.68%

Purchase Details

Closed on
Sep 27, 1999
Sold by
Cendant Mobility Services
Bought by
Jones Willie and Jones Dianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,903
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 1999
Sold by
Smith Robert
Bought by
Mobility Cendant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,903
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1994
Sold by
Jowett Virginia
Bought by
Smith Robert and Smith Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
9.19%

Purchase Details

Closed on
Mar 2, 1992
Sold by
Rector Donald E and Rector Norma L
Bought by
Jowett David A and Jowett Virginia T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hrabec Marianne -- None Listed On Document
Grigoli Lorenzo -- None Listed On Document
Grigoli Lorenzo $412,000 --
Jones Willie $196,000 --
Mobility Cendant $194,350 --
Smith Robert $174,500 --
Jowett David A $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grigoli Lorenzo $300,000
Previous Owner Jones Willie $189,903
Previous Owner Smith Robert $166,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,187 $504,200 $331,500 $172,700
2023 $8,908 $459,200 $286,500 $172,700
2022 $8,299 $405,200 $232,500 $172,700
2021 $8,029 $360,200 $187,500 $172,700
2020 $7,826 $342,200 $169,500 $172,700
2019 $7,932 $342,200 $169,500 $172,700
2018 $7,487 $319,700 $147,000 $172,700
2017 $7,199 $306,200 $133,500 $172,700
2016 $7,013 $295,800 $124,500 $171,300
2015 $7,178 $304,800 $133,500 $171,300
2014 $6,967 $300,300 $129,000 $171,300
Source: Public Records

Map

New Jersey Somerset County Somerset 08873 Six Mile Run

109 Drake Rd, Somerset, NJ

This home is located at 109 Drake Rd, Somerset, NJ 08873 and is currently estimated at $619,784, approximately $262 per square foot. 109 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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