607 Somerset St Somerset, NJ 08873
Estimated Value: $10,224,860
--
Bed
--
Bath
--
Sq Ft
1.73
Acres
About This Home
This home is located at 607 Somerset St, Somerset, NJ 08873 and is currently estimated at $10,224,860. 607 Somerset St is a home with nearby schools including Franklin High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 4, 2019
Sold by
Franklin Juliette Llc
Bought by
428 458 North Second Street Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,494,589
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$8,730,271
Purchase Details
Closed on
Sep 21, 2016
Sold by
Franklin Juliette Llc
Bought by
Frankilin Juliette Llc
Purchase Details
Closed on
Jun 29, 2016
Sold by
402 Carlisle Realty Llc
Bought by
Franklin Juliette Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100,000
Interest Rate
3.66%
Mortgage Type
Construction
Purchase Details
Closed on
Feb 12, 2014
Sold by
Mid State Equity Development Company Inc
Bought by
402 Carlisle Realty Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 428 458 North Second Street Inc | $5,970,000 | Surety Title Co Llc | |
| Frankilin Juliette Llc | -- | Alta Acsm Land Title Survey | |
| Franklin Juliette Llc | $2,400,000 | None Available | |
| 402 Carlisle Realty Llc | $675,000 | Trn Abstract Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 428 458 North Second Street Inc | $1,700,000 | |
| Previous Owner | Franklin Juliette Llc | $3,100,000 | |
| Previous Owner | Mid State Equity Development Co Inc | $400,000 |
Source: Public Records
Tax History Compared to Growth
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 | $114,786 | $6,100,000 | $3,000,000 | $3,100,000 |
| 2024 | $114,786 | $6,300,000 | $3,000,000 | $3,300,000 |
| 2023 | $114,460 | $5,900,000 | $1,499,000 | $4,401,000 |
| 2022 | $112,640 | $5,500,000 | $1,499,000 | $4,001,000 |
| 2021 | $122,294 | $5,500,000 | $1,499,000 | $4,001,000 |
| 2020 | $112,063 | $4,900,000 | $1,499,000 | $3,401,000 |
| 2019 | $69,540 | $3,000,000 | $1,499,000 | $1,501,000 |
| 2018 | $70,260 | $3,000,000 | $1,499,000 | $1,501,000 |
| 2017 | $35,241 | $1,499,000 | $1,499,000 | $0 |
Source: Public Records
Map
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