31 Lake Ave Somerset, NJ 08873

Built 1953 · Residential1 owner signal on a paid plan
Assessed
$542,500
Last sale
$314,000Feb 4, 2008
Built
1953
Size
1,350 sq ft
Status
No open cases

Property information

Block
350
Lot
10
Qualifier
—
County
Somerset
Municipality
Franklin Twp
Tax map page
6101
Land description
75X175

Building details

Building class
17
Description
1SB
Dwellings
1
Zoning
R20
Square feet
1,350
Acreage
0.3 ac

Assessment

Land value
$313,100
58%
Improvement value
$229,400
42%
Total assessment
$542,500
Sale assessment
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Tax (2024)
$8,565

Owner mailing

Street address

Property information on this site is compiled from public sources and is provided as-is; we do not guarantee its accuracy.

5 events · 1953–2008

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  • Deed recorded

    +446% vs 1979
    $314,000
    Held28.5 yrs
  • Mortgage recorded

    Instrument2008004907CountySomerset
  • Notice of settlement recorded

    Instrument2007065830CountySomerset
  • 28 years
  • Deed recorded

    $57,500
  • 27 years
  • Property Built

YearProperty taxChangeLandImprovementAssessment
2024$8,565+6.7%$313,100$229,400$542,500
2023$8,024+7.9%$313,100$157,000$470,100
2022$7,436+0.5%$226,600$157,000$383,600
2021$7,401+5.2%$176,600$157,000$333,600
2020$7,037+9.8%$166,600$157,000$323,600
2019$6,408-0.4%$146,600$157,000$303,600
2018$6,432-0.8%$116,600$157,000$273,600
2017$6,487+0.7%$116,600$157,000$273,600
2016$6,443+1.5%$116,600$157,000$273,600
2015$6,348+1.4%$116,600$157,000$273,600
2014$6,260+3.3%$116,600$157,000$273,600
2013$6,058+4.2%$116,600$157,000$273,600
2012$5,811+4.4%$116,600$157,000$273,600
2011$5,568+0.6%$116,600$157,000$273,600
2010$5,534-16.0%$116,600$158,100$274,700
2009$6,589+2.4%$136,600$158,100$294,700
2008$6,432+1.6%$147,300$186,500$333,800
2007$6,332+10.7%$147,300$186,500$333,800
2006$5,719+8.6%$147,300$186,500$333,800
2005$5,267+16.9%$112,300$173,100$285,400
2004$4,506+7.3%$102,300$143,600$245,900
2003$4,201+3.3%$72,300$125,700$198,000
2002$4,068+6.9%$65,300$120,100$185,400
2001$3,805+1.2%$60,300$110,900$171,200
2000$3,759+11.6%$60,300$96,100$156,400
1999$3,367+14.0%$55,300$92,400$147,700
1998$2,954+3.9%$53,300$88,700$142,000
1997$2,842+1.8%$43,300$88,700$132,000
1996$2,792+8.9%$43,300$88,700$131,100
1995$2,565+12.6%$46,000$88,700$133,800
1994$2,2780.0%$46,000$88,700$133,800
1993$2,2780.0%$17,800$43,500$60,800
1992$2,2780.0%$17,800$43,500$60,800
1991$2,278+7.6%$17,800$43,000$60,800
1990$2,116+6.1%$17,800$43,000$60,800
1989$1,994—$17,800$43,000$60,800