55 Drake Rd Somerset, NJ 08873

Built 1968 · Residential2 owner signals on a paid plan
Assessed
$570,100
Last sale
$310,000Jan 8, 2016
Built
1968
Size
1,960 sq ft
Status
No open cases

Property information

Block
361
Lot
39
Qualifier
—
County
Somerset
Municipality
Franklin Twp
Tax map page
8301
Land description
93X319 AVG.

Building details

Building class
17
Description
1SF 1G
Dwellings
1
Zoning
R10
Square feet
1,960
Acreage
0.68 ac

Assessment

Land value
$314,200
55%
Improvement value
$255,900
45%
Total assessment
$570,100
Sale assessment
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Tax (2024)
$8,915

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.

9 events · 1968–2022

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  • Mortgage recorded

    Instrument2022010673CountySomerset
  • Mortgage discharged

    Instrument2021011863CountySomerset
  • 5 years
  • Deed recorded

    +77% vs 1993
    $310,000
    Held22.2 yrs
  • Mortgage recorded

    Instrument2016001130CountySomerset
  • 6 years
  • Mortgage discharged

    Instrument2009064159CountySomerset
  • 4 years
  • Mortgage recorded

    Instrument2005079440CountySomerset
  • 12 years
  • Deed recorded

    +103% vs 1982
    $175,000
    Held11.0 yrs
  • 11 years
  • Deed recorded

    $86,000
  • 15 years
  • Property Built

YearProperty taxChangeLandImprovementAssessment
2024$8,915+3.8%$314,200$255,900$570,100
2023$8,588+10.7%$314,200$175,100$489,300
2022$7,759-0.1%$233,600$175,100$408,700
2021$7,767+1.2%$174,100$174,000$348,100
2020$7,675+3.0%$165,600$174,000$339,600
2019$7,455+3.8%$157,100$174,000$331,100
2018$7,185+2.0%$144,300$174,000$318,300
2017$7,044+5.2%$131,600$174,000$305,600
2016$6,695+3.0%$123,100$174,000$297,100
2015$6,498+4.6%$110,300$174,000$284,300
2014$6,214-5.5%$106,100$174,000$280,100
2013$6,578+1.7%$97,600$174,000$271,600
2012$6,465+4.8%$123,100$174,000$297,100
2011$6,170-1.7%$135,800$168,600$304,400
2010$6,276-16.1%$135,800$168,600$304,400
2009$7,483+1.6%$165,600$168,600$334,200
2008$7,367+1.6%$189,000$190,100$379,100
2007$7,252+3.8%$189,000$193,300$382,300
2006$6,984+7.9%$189,000$193,300$382,300
2005$6,475-2.1%$169,000$179,500$348,500
2004$6,614+11.4%$156,000$146,300$302,300
2003$5,937+10.1%$137,000$153,600$290,600
2002$5,391+11.3%$110,000$152,000$262,000
2001$4,842+1.1%$85,000$141,900$226,900
2000$4,787+13.2%$76,000$123,000$199,000
1999$4,230+7.1%$68,500$119,600$188,100
1998$3,948+3.2%$70,500$114,800$178,400
1997$3,824+4.8%$68,500$114,800$176,400
1996$3,650+8.9%$68,500$114,800$176,400
1995$3,353+13.6%$67,000$114,800$174,900
1994$2,9520.0%$67,000$114,800$174,900
1993$2,9520.0%$21,300$57,500$78,800
1992$2,9520.0%$21,300$57,500$78,800
1991$2,952+7.6%$21,300$57,500$78,800
1990$2,742+6.1%$21,300$57,500$78,800
1989$2,584—$21,300$57,500$78,800