7 London Place Somerset, NJ 08873
Estimated Value: $689,000 - $832,000
4
Beds
3
Baths
2,671
Sq Ft
$292/Sq Ft
Est. Value
About This Home
This home is located at 7 London Place, Somerset, NJ 08873 and is currently estimated at $778,927, approximately $291 per square foot. 7 London Place is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Preparatory School, and Guidepost Montessori at Somerset.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 13, 1998
Sold by
Patel Shailesh
Bought by
Parris Michael and Parris Tracy Denise Palmer
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
$195,000
Outstanding Balance
$35,705
Interest Rate
7.03%
Estimated Equity
$743,222
Purchase Details
Closed on
Oct 19, 1992
Sold by
Meibach Richard C and Meibach Cynthia M
Bought by
Patel Shailesh and Patel Sohiani
Purchase Details
Closed on
Oct 25, 1989
Sold by
Calton Homes Inc
Bought by
Meibach Richard C and Meibach Cynthia
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parris Michael | $245,000 | -- | |
| Patel Shailesh | $240,000 | -- | |
| Meibach Richard C | $272,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parris Michael | $195,000 |
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 | $11,770 | $742,700 | $299,800 | $442,900 |
| 2024 | $11,770 | $647,400 | $314,800 | $332,600 |
| 2023 | $11,536 | $597,400 | $264,800 | $332,600 |
| 2022 | $11,156 | $547,400 | $214,800 | $332,600 |
| 2021 | $10,348 | $467,400 | $134,800 | $332,600 |
| 2020 | $10,582 | $467,400 | $134,800 | $332,600 |
| 2019 | $10,760 | $467,400 | $134,800 | $332,600 |
| 2018 | $10,872 | $467,400 | $134,800 | $332,600 |
| 2017 | $10,909 | $467,400 | $134,800 | $332,600 |
| 2016 | $10,989 | $467,400 | $134,800 | $332,600 |
| 2015 | $10,914 | $467,400 | $134,800 | $332,600 |
| 2014 | $10,760 | $467,400 | $134,800 | $332,600 |
Source: Public Records
Map
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