NOT LISTED FOR SALE

54 Bennetts Ln Somerset, NJ 08873

Estimated Value: $637,302 - $662,000

-- Bed
-- Bath
1,712 Sq Ft
$381/Sq Ft Est. Value

About This Home

This home is located at 54 Bennetts Ln, Somerset, NJ 08873 and is currently estimated at $651,826, approximately $380 per square foot. 54 Bennetts Ln is a home located in Somerset County with nearby schools including Franklin High School and Rutgers Preparatory School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Morelock Allan
Bought by
Dela Cruz Juan Carlos Espin
Current Estimated Value
$634,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Outstanding Balance
$494,729
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$132,059

Purchase Details

Closed on
Jul 30, 2010
Sold by
Morelock Allan
Bought by
Morelock Allan

Purchase Details

Closed on
Jun 17, 2010
Sold by
Bennett Doris J
Bought by
Morelock Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,817
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2010
Sold by
Bennett Doris J
Bought by
Bennett Doris J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,817
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2008
Sold by
Morelock Alan
Bought by
Morelock Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2003
Sold by
Hamm Lisa
Bought by
Moreluck Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
5.64%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Martino Joseph
Bought by
Hamm Michael and Hamm Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.72%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Dela Cruz Juan Carlos Espin $560,000 American Land Title
Morelock Allan -- None Available
Morelock Allan $22,500 Multiple
Bennett Doris J -- None Available
Morelock Allan -- First American Title Ins Co
Moreluck Alan $298,000 --
Morelock Alan $298,000 --
Hamm Michael $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Cruz Juan Carlos Espin $504,000
Previous Owner Morelock Allan $209,000
Previous Owner Morelock Allan $219,817
Previous Owner Morelock Allan $222,000
Previous Owner Morelock Alan $238,400
Previous Owner Hamm Michael $128,000
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
2024 $10,098 $554,200 $383,800 $170,400
2023 $8,811 $454,200 $283,800 $170,400
2022 $8,483 $414,200 $243,800 $170,400
2021 $8,558 $374,200 $203,800 $170,400
2020 $8,558 $374,200 $203,800 $170,400
2019 $8,549 $368,800 $203,800 $165,000
2018 $8,286 $353,800 $188,800 $165,000
2017 $8,318 $353,800 $188,800 $165,000
2016 $8,389 $353,800 $188,800 $165,000
2015 $8,261 $350,800 $188,800 $162,000
2014 $8,139 $350,800 $188,800 $162,000
Source: Public Records

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