2701 State Route 27 Somerset, NJ 08873
Estimated payment $5,542/month
Total Views
32,171
1.5
Acres
$596,667
Price per Acre
65,340
Sq Ft Lot
Highlights
- 1.5 Acre Lot
- Landscaped with Trees
- Level Lot
- Wetlands on Lot
About This Lot
Prime Development Site on Route 27 The property is 1.5 Acre Lot on busy Route 27 located minutes from downtown New Brunswick, Rutgers University, RWJUH, St. Peters, Routes 1 & 18, and Princeton University. The zoning is Cluster Residential. The Following Are Permitted Uses: One Family Dwellings Two-Family Dwellings Garden Apartment Developments Townhouse Developments Residential Cluster Developments Community Residences (Conditionally Approved) Churches and Other Similar Places of Worship (Conditionally Approved) Property Features: Prime Location Near Finnegan's Lane Property is 1.5 Acres Lot Dimensions: 100'x655' Development on the Left Side of the Property could have North East Facing Doors Garden Apartments or Townhouses Might be the highest and Best Use. Existing Residence on Site Could be Rented for Income During the Development Process Current Real Estate Taxes: $7,461 Price Reduced. Now Asking $895,000 Please call Broker for more information or to schedule to see the property.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,670
Lot Details
- 1.5 Acre Lot
- Lot Dimensions are 655.00 x 100.00
- Property fronts a state road
- Level Lot
- Landscaped with Trees
- Property is zoned CR
Parking
- Driveway
- Open Parking
Outdoor Features
- Wetlands on Lot
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $895,000 | -10.1% | -- |
| 05/07/2025 05/07/25 | Price Changed | $995,000 | 0.0% | -- |
| 05/07/2025 05/07/25 | For Sale | $995,000 | -9.5% | -- |
| 05/05/2025 05/05/25 | Off Market | $1,100,000 | -- | -- |
| 10/24/2024 10/24/24 | Price Changed | $1,100,000 | -8.3% | -- |
| 04/29/2024 04/29/24 | For Sale | $1,200,000 | -- | -- |
Source: All Jersey MLS
Similar Property in Somerset, NJ
Source: All Jersey MLS
MLS Number: 2411246R
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