NOT LISTED FOR SALE

5 Somerset Dr Rumson, NJ 07760

Estimated Value: $3,955,000 - $5,867,000

1.74 Acres
$2,699,338 Price per Acre
75,794 Sq Ft Lot

Last Sold July 09, 2020

Last sale price $1,125,000

Est. 317% increase in value since last sale

Current estimated payment $29,369/month

113 Days on Market

Highlights

  • 1.74 Acre Lot
  • Deane Porter School Rated A
  • Level Lot

About This Lot

As of July 2020

Newly subdivided park-like lot offered for the first time, complete with mature trees. Build your dream home on this 1.74 acre lot in this sought-after location. One of the most desirable streets in Rumson affords absolute privacy with ultimate convenience.

Last Agent to Sell the Property

Geralyn Behring

Heritage House Sotheby's International Realty License #0447169 Listed on: 10/09/2019

Heritage House Sotheby's International Realty

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $45,320

Lot Details

  • 1.74 Acre Lot
  • Property fronts an easement
  • Street terminates at a dead end
  • Level Lot

Schools

  • Deane-Porter Elementary School
  • Forrestdale Middle School
  • Rumson-Fair Haven High School

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$45,320

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Dead End Street, Level, Easement
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Acreage: 1.74
  • Location Middle School: Forrestdale
  • WaterSewer Public Sewer at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Lot Description Dead End Street: Yes
  • Lot Description Easement: Yes
  • Special Features: None

Exterior Features

  • Acres: 1.74
  • Waterfront: No
  • Exclusions: None

Schools

  • Middle Or Junior School: Forrestdale

Lot Info

  • Lot Size Sq Ft: 75794.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 0
  • Zoning Description: Single Family, Residential
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Deane-Porter
  • High School: Rumson-Fair Haven

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Atlantic Builders Custom Hm Ll
Bought by
5Set Llc
Current Estimated Value
$4,696,848

Purchase Details

Closed on
Jul 24, 2021
Sold by
Atlantic Builders Custom Homes Llc
Bought by
5Set Llc
Source: Public Records

Range of Values:

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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
5Set Llc $3,375,000 All Ahead Title
5Set Llc $3,375,000 All Ahead Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2020 07/09/20 Sold $1,125,000 -11.8% --
04/30/2020 04/30/20 Pending -- -- --
02/24/2020 02/24/20 Price Changed $1,275,000 -5.2% --
01/07/2020 01/07/20 For Sale $1,345,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $45,320 $4,231,000 $1,681,000 $2,550,000
2023 $45,320 $3,876,800 $1,565,000 $2,311,800
2022 $45,062 $3,513,800 $1,342,100 $2,171,700
2021 $45,062 $1,205,200 $1,205,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21939111

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 41-00018-0000-00041-04