NOT LISTED FOR SALE

54 W Somerset St Raritan, NJ 08869

Estimated Value: $562,000 - $928,000

4 Beds
3 Baths
1,728 Sq Ft
$464/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $335,000 $194 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $5,082/month

4 Days on Market

About This Home

As of October 2021

3 unit with private parking lot behind in the heart of Raritan. While the property needs TLC, it's located close to the train station and features gas heat and gas hot water. The perfect location, Unit 1 is the first floor front of the house and includes a Living Room, Bedroom, Galley Kitchen and Bath. Unit 2 is the second floor front and includes a Living Room, Bedroom, Galley Kitchen and Bath. The rear unit is 2 stories and includes a Living Room / Kitchen combo, a full bath and 2 rooms upstairs that may be separate bedrooms. The large fenced lot is perfect to be leased for long term parking. This is an excellent opportunity for investors.

Last Agent to Sell the Property

Loren Keim

CENTURY 21 Keim Realtors Listed on: 08/16/2021

CENTURY 21 Keim Realtors

Last Buyer's Agent

nonmember nonmember

NON MBR Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,540

Year Built

  • Built in 1930

Lot Details

  • 6,011

Parking

  • Paved Parking

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Radiant Heating System

Community Details

Listing and Financial Details

  • Assessor Parcel Number 2716-00090-0000-00025-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,540

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached
  • County Assessment: 286000.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1930
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Square Footage: 1728

Exterior Features

  • Construction: Aluminum

Garage/Parking

  • Parking: Paved Lot

Utilities

  • Cooling: No Air
  • Heat Type: Hot Water, Radiant
  • Sewer: Public
  • Water: Public

Lot Info

  • Zoning Code: Res

Tax Info

  • Assessor Parcel Number: 2716-00090-0000-00025-0000-

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
54 West Somerset Llc
Bought by
Mr Properties
Current Estimated Value
$802,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$405,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$74,988

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 4, 2021
Sold by
Battermann Renate
Bought by
54 West Somerset Llc
Seller's Agent
Loren Keim
CENTURY 21 Keim Realtors
Buyer's Agent
nonmember nonmember
NON MBR Office
List Price
$279,900
Sold Price
$335,000
Premium/Discount to List
$55,100
19.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%

Purchase Details

Closed on
Jun 21, 1993
Sold by
Bettermann Renate
Bought by
Bettermann Renate
Source: Public Records

Range of Values:

Collateral Analytics

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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
Mr Properties $900,000 American Land Title
Mr Properties $900,000 American Land Title
54 West Somerset Llc $335,000 First American Title Ins Co
Bettermann Renate -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mr Properties $405,000
Closed Mr Properties $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $335,000 +19.7% $194 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $279,900 -- $162 / Sq Ft
Source: Greater Lehigh Valley 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 $8,540 $286,000 $143,900 $142,100
2023 $8,142 $286,000 $143,900 $142,100
2022 $7,911 $286,000 $143,900 $142,100
2021 $7,436 $286,000 $143,900 $142,100
2020 $7,319 $286,000 $143,900 $142,100
2019 $7,293 $286,000 $143,900 $142,100
2018 $7,010 $286,000 $143,900 $142,100
2017 $6,824 $286,000 $143,900 $142,100
2016 $6,692 $286,000 $143,900 $142,100
2015 $6,409 $286,000 $143,900 $142,100
2014 $6,429 $286,000 $143,900 $142,100
Source: Public Records

Agents Affiliated with this Home

  • Loren Keim

    Seller's Agent in 2021

    Loren Keim

    CENTURY 21 Keim Realtors

    (610) 969-7200

    3 in this area

    500 Total Sales

    Loren Keim
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 676283

Greater Lehigh Valley REALTORS®

APN: 16-00090-0000-00025

New Jersey Somerset County Raritan 08869

54 W Somerset St, Raritan, NJ

This home is located at 54 W Somerset St, Raritan, NJ 08869 since 16 August 2021 and is currently estimated at $802,038, approximately $464 per square foot. This property was built in 1930. 54 W Somerset St is a home located in Somerset County with nearby schools including John F. Kennedy Primary School, Eisenhower Intermediate School, and Bridgewater-Raritan Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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