40 Drake Rd Somerset, NJ 08873
Actions
Property flags
- Assessed
- $533,400
- Last sale
- $585,000Mar 23, 2026
- Built
- 1963
- Size
- 1,486 sq ft
- Status
- No open cases
Property information
- Block
- 368
- Lot
- 17
- Qualifier
- —
- County
- Somerset
- Municipality
- Franklin Twp
- Tax map page
- 8301
- Land description
- 80X125
Building details
- Building class
- 17
- Description
- 2SF 1G
- Dwellings
- 1
- Zoning
- R10
- Square feet
- 1,486
- Acreage
- 0.23 ac
Assessment
- Land value
- $320,000
- 60%
- Improvement value
- $213,400
- 40%
- Total assessment
- $533,400
- Sale assessment
- Sign in to see
- Tax (2024)
- $8,472
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.
24 events · 1962–202624events19622026
Sign in to see the parties and documents
- 7 years
Mortgage discharged
Instrument2006080222CountySomersetMortgage discharged
Instrument2006075655CountySomersetMortgage recorded
Instrument2006071927CountySomersetMortgage recorded
Instrument2006009415CountySomerset- $305,000
Deed recorded
+1505% vs 1962Held10.8 yrs Mortgage recorded
Instrument2004051210CountySomersetNotice of settlement recorded
Instrument2004043804CountySomerset- 41 years
Property Built
- $19,000
Deed recorded
| Year | Property tax | Change | Land | Improvement | Assessment |
|---|---|---|---|---|---|
| 2024 | $8,472 | +0.6% | $320,000 | $213,400 | $533,400 |
| 2023 | $8,419 | +17.0% | $320,000 | $146,000 | $466,000 |
| 2022 | $7,199 | +0.9% | $250,000 | $146,000 | $396,000 |
| 2021 | $7,132 | +1.6% | $180,000 | $145,000 | $325,000 |
| 2020 | $7,021 | +4.1% | $170,000 | $145,000 | $315,000 |
| 2019 | $6,745 | +5.1% | $160,000 | $145,000 | $305,000 |
| 2018 | $6,419 | +3.0% | $145,000 | $145,000 | $290,000 |
| 2017 | $6,230 | +6.7% | $130,000 | $145,000 | $275,000 |
| 2016 | $5,838 | +3.5% | $120,000 | $145,000 | $265,000 |
| 2015 | $5,640 | +6.1% | $105,000 | $145,000 | $250,000 |
| 2014 | $5,313 | -8.4% | $100,000 | $145,000 | $245,000 |
| 2013 | $5,804 | -2.4% | $90,000 | $145,000 | $235,000 |
| 2012 | $5,948 | +4.9% | $120,000 | $145,000 | $265,000 |
| 2011 | $5,671 | -3.9% | $135,000 | $147,700 | $282,700 |
| 2010 | $5,900 | -10.2% | $135,000 | $147,700 | $282,700 |
| 2009 | $6,573 | +2.0% | $170,000 | $147,700 | $317,700 |
| 2008 | $6,445 | +2.0% | $177,800 | $159,100 | $336,900 |
| 2007 | $6,320 | +4.7% | $177,800 | $159,100 | $336,900 |
| 2006 | $6,037 | +8.0% | $177,800 | $159,100 | $336,900 |
| 2005 | $5,590 | +1.0% | $157,800 | $147,700 | $305,500 |
| 2004 | $5,535 | +16.4% | $144,800 | $120,500 | $265,300 |
| 2003 | $4,753 | +13.2% | $125,800 | $121,200 | $247,000 |
| 2002 | $4,199 | +12.3% | $98,800 | $115,800 | $214,600 |
| 2001 | $3,741 | +0.4% | $73,800 | $106,900 | $180,700 |
| 2000 | $3,726 | +6.3% | $64,800 | $92,700 | $157,500 |
| 1999 | $3,504 | +7.4% | $57,300 | $89,100 | $146,400 |
| 1998 | $3,263 | +3.2% | $59,300 | $88,500 | $147,800 |
| 1997 | $3,161 | +5.0% | $57,300 | $88,500 | $145,800 |
| 1996 | $3,012 | +8.9% | $57,300 | $88,500 | $145,800 |
| 1995 | $2,766 | +25.2% | $55,800 | $88,500 | $144,300 |
| 1994 | $2,210 | 0.0% | $55,800 | $88,500 | $144,300 |
| 1993 | $2,210 | 0.0% | $19,800 | $49,900 | $69,700 |
| 1992 | $2,210 | 0.0% | $19,800 | $49,900 | $67,000 |
| 1991 | $2,210 | +8.8% | $19,800 | $49,900 | $67,000 |
| 1990 | $2,032 | +7.1% | $19,800 | $49,900 | $67,000 |
| 1989 | $1,897 | — | $19,800 | $49,900 | $67,000 |
38 Arden St, Somerset, NJ 08873Residential1,458 sq ftAssessed $438,6000.61 mi away-2% sq ftView details4 Scott Ave, Somerset, NJ 08873Residential1,458 sq ftAssessed $424,0000.54 mi away-2% sq ftView details27 Arden St, Somerset, NJ 08873Residential1,458 sq ftAssessed $436,2000.69 mi away-2% sq ftView details23 Holly St, Somerset, NJ 08873Residential1,458 sq ftAssessed $476,3000.59 mi away-2% sq ftView details2 Kingsbridge Rd, Somerset, NJ 08873Residential1,614 sq ftAssessed $574,0000.31 mi away+9% sq ftView details
Sign in to see sale prices and dates
- 33 Patton Dr, Somerset, NJ 08873Lot 1
- 4 Maynard Rd, Somerset, NJ 08873Lot 2
- 6 Maynard Rd, Somerset, NJ 08873Lot 3
- 8 Maynard Rd, Somerset, NJ 08873Lot 4
- 10 Maynard Rd, Somerset, NJ 08873Lot 5
- 12 Maynard Rd, Somerset, NJ 08873Lot 6
- 14 Maynard Rd, Somerset, NJ 08873Lot 7
- 16 Maynard Rd, Somerset, NJ 08873Lot 8
- 18 Maynard Rd, Somerset, NJ 08873Lot 9
- 20 Maynard Rd, Somerset, NJ 08873Lot 10
- 22 Maynard Rd, Somerset, NJ 08873Lot 11
- 24 Maynard Rd, Somerset, NJ 08873Lot 12
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