56 Gates Rd Franklin Township, NJ 08873
Estimated payment $2,538/month
About This Lot
Discover an exceptional opportunity to build your dream home on this nearly 1-acre, shovel-ready lot at 56 Gates Road in the serene neighborhood of Somerset, NJ. This flat, tree-free parcel is ideal for constructing a new single-family residence. Located on a quiet street, the lot offers a perfect setting for peaceful living. It features public utilities, including electric, sewer, and gas, ensuring a smooth building process. Additionally, the property is conveniently accessible to major highways, making commutes and travel easy. Don?t miss this rare chance to create your ideal home in a tranquil setting while remaining close to all the amenities Somerset has to offer. Drive by and envision your future here.
Listing Agent
JACK QIZHAN YAO
REALMART REALTY Brokerage Phone: 732-727-2285 Listed on: 11/07/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,274
Schools
- Macfee Elementary School
- Sampson Middle School
- Franklin High School
Additional Features
- 0.92 Acre Lot
- Well
Listing and Financial Details
- Assessor Parcel Number 2708-00386-0008-00072-0001-
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,274 | $290,100 | $290,100 | -- |
| 2024 | $5,274 | $290,100 | $290,100 | $0 |
| 2023 | $5,602 | $290,100 | $290,100 | $0 |
| 2022 | $4,689 | $230,100 | $230,100 | $0 |
| 2021 | $4,211 | $190,100 | $190,100 | $0 |
| 2020 | $4,077 | $180,100 | $180,100 | $0 |
| 2019 | $3,916 | $170,100 | $170,100 | $0 |
| 2018 | $3,608 | $155,100 | $155,100 | $0 |
| 2017 | $3,387 | $145,100 | $145,100 | $0 |
| 2016 | $3,411 | $145,100 | $145,100 | $0 |
| 2015 | $3,388 | $145,100 | $145,100 | $0 |
| 2014 | $3,340 | $145,100 | $145,100 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $399,999 | +166.7% | -- | |
| 02/21/2017 02/21/17 | Sold | $150,000 | -11.2% | -- | View Prior Sale |
| 01/16/2017 01/16/17 | Pending | -- | -- | -- | |
| 07/18/2016 07/18/16 | For Sale | $169,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $180,000 | Counsumers Title Agency Inc | |
| Deed | $150,000 | Old Republic National Title | |
| Deed | $26,000 | -- | |
| Deed | $105,000 | -- |
Source: Garden State MLS
MLS Number: 3996797
APN: 08-00386-08-00072-01
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.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
- 64 Ellison Rd
- 61 Bayberry Dr
- 8 Bayberry Dr
- 412 Hawkshead Way
- 110 Bayberry Dr
- 123 Winchester Way
- 117 Bayberry Dr
- 90 Almond Dr
- 58 Canterbury Cir
- 9 Larsen Rd
- 55 Cherrywood Dr
- 27 Landry Rd
- 21 Landry Rd
- 15 Tripplet Rd
- 1510 Old Hamilton St
- 199 Berger St
- 41 Bolton Ct
- 288 Waterlou Ct
- 3 Webster Rd
- 17 Norwich Place Unit 317
- 68 Winchester Way
- 412 Hawkshead Way
- 25 Hughes Rd
- 348 Cotswold Place
- 1 Almond Dr
- 92 Winchester Way
- 360 Cotswold Place
- 55 Bolton Ct
- 303 Classon Ct
- 54 Norwich Place
- 73 Eton Way Unit 1773
- 330 Smithwold Rd Unit 1
- 279 Haven Way
- 7 Mariano Ct
- 1 John F. Kennedy Blvd
- 440 Aldeburgh Ave
- 10 Depalma Ct
- 24 Alton Dr
- 1126 Easton Ave
- 26 Winthrop Rd