34 Drake Rd Somerset, NJ 08873
Estimated Value: $585,000 - $681,000
3
Beds
3
Baths
1,912
Sq Ft
$329/Sq Ft
Est. Value
About This Home
This home is located at 34 Drake Rd, Somerset, NJ 08873 and is currently estimated at $628,723, approximately $328 per square foot. 34 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Prep School, and Rutgers Preparatory School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 10, 2010
Sold by
Spence Tiffany
Bought by
Spence Brian A
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Outstanding Balance
$163,084
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$465,639
Purchase Details
Closed on
Aug 21, 2008
Sold by
Hendrix Alan F and Hendrix Toni D
Bought by
Spence Tiffany and Spence Brian A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spence Brian A | -- | Stewart Title Guaranty Co | |
| Spence Tiffany | $364,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Spence Brian A | $259,000 | |
| Closed | Spence Tiffany | $260,000 |
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 | $9,145 | $582,700 | $327,000 | $255,700 |
| 2024 | $9,145 | $501,900 | $327,000 | $174,900 |
| 2023 | $9,087 | $468,400 | $293,500 | $174,900 |
| 2022 | $8,774 | $428,400 | $253,500 | $174,900 |
| 2021 | $7,949 | $356,600 | $183,500 | $173,100 |
| 2020 | $7,927 | $346,600 | $173,500 | $173,100 |
| 2019 | $7,802 | $336,600 | $163,500 | $173,100 |
| 2018 | $7,532 | $321,600 | $148,500 | $173,100 |
| 2017 | $7,208 | $306,600 | $133,500 | $173,100 |
| 2016 | $7,032 | $296,600 | $123,500 | $173,100 |
| 2015 | $6,632 | $281,600 | $108,500 | $173,100 |
| 2014 | $6,417 | $276,600 | $103,500 | $173,100 |
Source: Public Records
Map
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