NOT LISTED FOR SALE

87 Walnut Ave Somerset, NJ 08873

Estimated Value: $516,000 - $1,296,000

3 Beds
2 Baths
1,232 Sq Ft
$609/Sq Ft Est. Value

About This Home

This home is located at 87 Walnut Ave, Somerset, NJ 08873 and is currently estimated at $750,504, approximately $609 per square foot. 87 Walnut Ave is a home located in Somerset County with nearby schools including Franklin High School, Thomas Edison EnergySmart Charter School, and Rutgers Preparatory School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2025
Sold by
Patel Ramesh G and Patel Niru R
Bought by
Patel Ramesh G and Patel Niru R
Current Estimated Value
$750,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Outstanding Balance
$1,040,000
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
-$289,496

Purchase Details

Closed on
Jun 21, 2010
Sold by
Nittoli Derek
Bought by
Patel Ramesh G and Patel Niru R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,022
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2005
Sold by
Smith Carolyn
Bought by
Nittoli Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.63%

Purchase Details

Closed on
Jan 17, 2003
Sold by
Nittoli Derek
Bought by
Smith Carolyn

Purchase Details

Closed on
Apr 15, 1994
Sold by
Francis Devita
Bought by
Nittoli Derek and Nittoli Jodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
7.6%
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

Date Buyer Sale Price Title Company
Patel Ramesh G -- Rms Title Services
Patel Ramesh G $330,000 Multiple
Nittoli Derek $295,000 --
Smith Carolyn $210,000 --
Nittoli Derek $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ramesh G $1,040,000
Previous Owner Patel Ramesh G $324,022
Previous Owner Nittoli Derek $236,000
Previous Owner Nittoli Derek $157,000
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
2025 $9,610 $596,600 $381,300 $215,300
2024 $9,610 $528,600 $381,300 $147,300
2023 $8,363 $433,100 $285,800 $147,300
2022 $7,791 $382,300 $235,800 $146,500
2021 $6,772 $332,300 $185,800 $146,500
2020 $7,070 $312,300 $165,800 $146,500
2019 $7,189 $312,300 $165,800 $146,500
2018 $6,915 $297,300 $150,800 $146,500
2017 $6,589 $282,300 $135,800 $146,500
2016 $6,501 $276,500 $130,800 $145,700
2015 $6,340 $271,500 $125,800 $145,700
2014 $6,227 $270,500 $124,800 $145,700
Source: Public Records

Map

New Jersey Somerset County Somerset 08873

87 Walnut Ave, Somerset, NJ

Not Listed for Sale

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