7 Cypress Rd Somerset, NJ 08873
Estimated Value: $688,996 - $826,000
5
Beds
3
Baths
2,336
Sq Ft
$318/Sq Ft
Est. Value
About This Home
This home is located at 7 Cypress Rd, Somerset, NJ 08873 and is currently estimated at $742,749, approximately $317 per square foot. 7 Cypress Rd is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Preparatory School, and New Road School of Somerset.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2006
Sold by
Howard Elsie R
Bought by
Gikas Grant and Gikas Jie
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
$392,000
Outstanding Balance
$227,289
Interest Rate
6.42%
Estimated Equity
$515,460
Purchase Details
Closed on
May 18, 1998
Sold by
Azzi Marie Denise
Bought by
Howard Phillip and Howard Elsie R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.03%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gikas Grant | $490,000 | -- | |
| Howard Phillip | $220,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gikas Grant | $392,000 | |
| Previous Owner | Howard Phillip | $108,000 |
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 | $10,175 | $667,700 | $325,700 | $342,000 |
| 2024 | $10,175 | $559,700 | $325,700 | $234,000 |
| 2023 | $10,229 | $529,700 | $295,700 | $234,000 |
| 2022 | $9,760 | $478,900 | $245,700 | $233,200 |
| 2021 | $9,500 | $428,900 | $195,700 | $233,200 |
| 2020 | $9,144 | $403,900 | $170,700 | $233,200 |
| 2019 | $9,068 | $393,900 | $160,700 | $233,200 |
| 2018 | $9,162 | $393,900 | $160,700 | $233,200 |
| 2017 | $8,960 | $383,900 | $150,700 | $233,200 |
| 2016 | $9,025 | $383,900 | $150,700 | $233,200 |
| 2015 | $8,847 | $378,900 | $145,700 | $233,200 |
| 2014 | $8,607 | $373,900 | $140,700 | $233,200 |
Source: Public Records
Map
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