585 Elizabeth Ave Somerset, NJ 08873
Estimated payment $2,346/month
About This Lot
Builders Welcome! Residential building lot for sale, near to Spooky Brook Golf Course and the Colonial Park Entrance. Flat lot with some scrub trees. Well already on the lot, need to install a septic system. Survey and Perc/soil test available. Small amount of wetlands runs along the right side of the property. Driveway permit approved. Per the Township zoning office, permitted uses are Residential, farming, or a golf course. Home occupation is allowed. House can be 2 1/2 stories high and can take up 10% of the lot size with 20% impervious surface. This is a flag lot, DO NOT approach the Ranch home in the front of the property, that is private property. Buyers MUST verify all information with the township/zoning officers.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,417
Lot Details
- 1.5 Acre Lot
- Level Lot
- Flag Lot
Schools
- Franklin High School
Utilities
- Well
- Septic Needed
Listing and Financial Details
- Assessor Parcel Number 2708-00508-0002-00062-0002-
- Tax Block *
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 | $6,418 | $353,000 | $353,000 | -- |
| 2024 | $6,418 | $353,000 | $353,000 | $0 |
| 2023 | $4,760 | $246,500 | $246,500 | $0 |
| 2022 | $4,310 | $211,500 | $211,500 | $0 |
| 2021 | $3,797 | $171,500 | $171,500 | $0 |
| 2020 | $3,883 | $171,500 | $171,500 | $0 |
| 2019 | $3,948 | $171,500 | $171,500 | $0 |
| 2018 | $3,989 | $171,500 | $171,500 | $0 |
| 2017 | $3,769 | $161,500 | $161,500 | $0 |
| 2016 | $3,914 | $166,500 | $166,500 | $0 |
| 2015 | $3,888 | $166,500 | $166,500 | $0 |
| 2014 | $3,810 | $165,500 | $165,500 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2024 11/13/24 | For Sale | $340,000 | 0.0% | -- |
| 11/11/2024 11/11/24 | For Sale | $340,000 | +78.9% | -- |
| 03/02/2022 03/02/22 | Sold | $190,000 | 0.0% | -- |
| 08/22/2021 08/22/21 | Pending | -- | -- | -- |
| 08/01/2021 08/01/21 | Off Market | $190,000 | -- | -- |
| 06/30/2021 06/30/21 | Price Changed | $199,900 | -11.2% | -- |
| 12/26/2020 12/26/20 | For Sale | $225,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $195,000 | Land Title Services | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,000 | Credit Line Revolving |
Source: Garden State MLS
MLS Number: 3934248
APN: 08-00508-02-00062-02
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