NOT LISTED FOR SALE

205 Somerset St Unit 2 Bound Brook, NJ 08805

Estimated Value: $609,000 - $680,000

4 Beds
1 Bath
2,274 Sq Ft
$285/Sq Ft Est. Value

About This Home

This home is located at 205 Somerset St Unit 2, Bound Brook, NJ 08805 and is currently estimated at $647,100, approximately $284 per square foot. 205 Somerset St Unit 2 is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Njhq Holdings Llc
Bought by
Gibbs Blair and Gibbs Tyneisha
Current Estimated Value
$647,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,768
Outstanding Balance
$448,837
Interest Rate
3.85%
Mortgage Type
FHA
Estimated Equity
$198,263

Purchase Details

Closed on
Feb 19, 2016
Sold by
Cobb Robert E
Bought by
Njhq Holdings Llc
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
Gibbs Blair $525,000 Green Hill Title
Njhq Holdings Llc $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Blair $480,768
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
2025 $11,300 $525,500 $252,500 $273,000
2024 $11,300 $498,000 $232,500 $265,500
2023 $11,005 $466,700 $207,500 $259,200
2022 $11,052 $444,200 $197,500 $246,700
2021 $8,532 $303,200 $112,500 $190,700
2020 $8,495 $275,200 $102,500 $172,700
2019 $8,585 $265,200 $92,500 $172,700
2018 $7,998 $239,900 $92,500 $147,400
2017 $8,029 $235,400 $92,500 $142,900
2016 $7,950 $234,800 $57,500 $177,300
2015 $9,817 $296,500 $67,500 $229,000
2014 $8,443 $246,300 $47,500 $198,800
Source: Public Records

Map

New Jersey Somerset County Bound Brook 08805

205 Somerset St Unit 2, Bound Brook, NJ

This home is located at 205 Somerset St Unit 2, Bound Brook, NJ 08805 and is currently estimated at $647,100, approximately $284 per square foot. 205 Somerset St Unit 2 is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

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