NOT LISTED FOR SALE

78 Drake Rd Somerset, NJ 08873

Estimated Value: $642,501 - $714,000

Studio
-- Bath
2,478 Sq Ft
$278/Sq Ft Est. Value

About This Home

This home is located at 78 Drake Rd, Somerset, NJ 08873 and is currently estimated at $688,625, approximately $277 per square foot. 78 Drake Rd is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Prep School, and Rutgers 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
$688,625

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner London Jonathan $170,000
Previous Owner Gallagher Michael $249,400
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
2025 $10,271 $656,700 $362,200 $294,500
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

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