NOT LISTED FOR SALE

78 Drake Rd Somerset, NJ 08873

Estimated Value: $641,913 - $707,000

-- Bed
-- Bath
2,478 Sq Ft
$274/Sq Ft Est. Value

About This Home

This home is located at 78 Drake Rd, Somerset, NJ 08873 and is currently estimated at $679,478, approximately $274 per square foot. 78 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2005
Sold by
Gallagher Michael J
Bought by
London Jonathan and London Mildred
Current Estimated Value
$679,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.28%

Purchase Details

Closed on
Dec 11, 2000
Sold by
Schnier Jeff
Bought by
Gallagher Michael and Gallagher Amie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,400
Interest Rate
7.7%

Purchase Details

Closed on
Sep 16, 1988
Sold by
Schnier Seymour and Schnier Bernice
Bought by
Schnier Jeffrey and Schnier Michelle
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
London Jonathan $415,000 --
Gallagher Michael $249,900 --
Schnier Jeffrey $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open London Jonathan $113,700
Closed London Jonathan $113,700
Closed London Jonathan $161,179
Previous Owner London Jonathan $170,000
Previous Owner Gallagher Michael $249,400
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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
2024 $10,271 $563,700 $362,200 $201,500
2023 $9,578 $493,700 $292,200 $201,500
2022 $9,087 $443,700 $242,200 $201,500
2021 $8,776 $393,700 $192,200 $201,500
2020 $8,775 $383,700 $182,200 $201,500
2019 $8,431 $363,700 $162,200 $201,500
2018 $8,167 $348,700 $147,200 $201,500
2017 $7,963 $338,700 $137,200 $201,500
2016 $7,793 $328,700 $127,200 $201,500
2015 $7,623 $323,700 $122,200 $201,500
2014 $7,858 $338,700 $137,200 $201,500
Source: Public Records

Map

New Jersey Somerset County Somerset 08873

78 Drake Rd, Somerset, NJ

This home is located at 78 Drake Rd, Somerset, NJ 08873 and is currently estimated at $679,478, approximately $274 per square foot. 78 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

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.

Nearby Homes