40 Lake Ave Somerset, NJ 08873
Estimated Value: $508,144 - $621,000
Studio
--
Bath
1,683
Sq Ft
$322/Sq Ft
Est. Value
About This Home
This home is located at 40 Lake Ave, Somerset, NJ 08873 and is currently estimated at $542,286, approximately $322 per square foot. 40 Lake Ave is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Prep School, and New Road School of Somerset.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 18, 2021
Sold by
Qureshi Asya S
Bought by
Qureshi Irrevocable Family Trust
Current Estimated Value
Purchase Details
Closed on
Dec 10, 2008
Sold by
Armsbury Armond D and Armsbury Elizabeth
Bought by
Qureshi Sultan and Qureshi Asya
Purchase Details
Closed on
Feb 25, 2008
Sold by
Bittner Ann
Bought by
Armsbury Armond D and Armsbury Elizabeth
Purchase Details
Closed on
Jul 24, 2007
Sold by
Armsbury Elizabeth and Armsbury Armond D
Bought by
Bittner Ann N
Purchase Details
Closed on
May 23, 2005
Sold by
Armsbury Armond D and Armsbury Elizabeth T
Bought by
Bittner Ann
Purchase Details
Closed on
May 17, 2005
Sold by
Armsbury Armond D
Bought by
Bittner Ann
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qureshi Irrevocable Family Trust | -- | Gensib Carl D | |
| Qureshi Irrevocable Family Trust | -- | None Listed On Document | |
| Qureshi Sultan | $265,000 | None Available | |
| Armsbury Armond D | -- | None Available | |
| Bittner Ann N | -- | None Available | |
| Bittner Ann | -- | None Available | |
| Bittner Ann | -- | -- | |
| Bittner Ann | -- | None Available |
Source: Public Records
Tax History Compared to Growth
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 | $7,871 | $482,500 | $322,600 | $159,900 |
| 2024 | $7,871 | $432,000 | $322,600 | $109,400 |
Source: Public Records
Map
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