48 Drake Rd Somerset, NJ 08873

Built 1963 · ResidentialLong-term owner since Nov 15, 20011 owner signal on a paid plan
Assessed
$550,800
Last sale
$260,000Nov 15, 2001
Built
1963
Size
1,952 sq ft
Status
No open cases

Property information

Block
368
Lot
21
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
1,952
Acreage
0.23 ac

Assessment

Land value
$320,000
58%
Improvement value
$230,800
42%
Total assessment
$550,800
Sale assessment
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Tax (2024)
$8,707

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.

14 events · 1963–2025

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  • Mortgage discharged

    Instrument2025007078CountySomerset
  • Mortgage recorded

    Instrument2025006371CountySomerset
  • 7 years
  • Mortgage recorded

    Instrument2018025126CountySomerset
  • Mortgage discharged

    Instrument2018006806CountySomerset
  • Mortgage discharged

    Instrument2018004475CountySomerset
  • Mortgage recorded

    Instrument2018003321CountySomerset
  • Mortgage assigned

    Instrument2017030571CountySomerset
  • 12 years
  • Mortgage recorded

    Instrument2005020084CountySomerset
  • Deed recorded

    +1030% vs 1965
    $260,000
    Held36.4 yrs
  • Mortgage recorded

    Instrument2001375549CountySomerset
  • Mortgage assigned

    Instrument2001375550CountySomerset
  • Notice of settlement recorded

    Instrument2001370067CountySomerset
  • 36 years
  • Deed recorded

    $23,000
  • Property Built

YearProperty taxChangeLandImprovementAssessment
2024$8,707+0.2%$320,000$230,800$550,800
2023$8,689+15.4%$320,000$157,900$477,900
2022$7,532+0.4%$250,000$157,900$407,900
2021$7,499+1.8%$180,000$157,900$337,900
2020$7,369+3.9%$170,000$157,900$327,900
2019$7,094+4.8%$160,000$157,900$317,900
2018$6,769+2.7%$145,000$157,900$302,900
2017$6,589+6.4%$130,000$157,900$287,900
2016$6,191+3.5%$120,000$157,900$277,900
2015$5,983+5.5%$105,000$157,900$262,900
2014$5,672-7.8%$100,000$157,900$257,900
2013$6,153-1.1%$90,000$157,900$247,900
2012$6,221+4.8%$120,000$157,900$277,900
2011$5,937-3.6%$135,000$157,900$292,900
2010$6,158-15.4%$135,000$157,900$292,900
2009$7,278+2.4%$170,000$157,900$327,900
2008$7,105+1.6%$177,800$190,900$368,700
2007$6,994+4.2%$177,800$190,900$368,700
2006$6,715+8.4%$177,800$190,900$368,700
2005$6,197-0.8%$157,800$177,300$335,100
2004$6,250+14.4%$144,800$144,500$289,300
2003$5,461+15.6%$125,800$148,800$274,600
2002$4,723+11.3%$98,800$142,200$241,000
2001$4,245+1.3%$73,800$131,300$205,100
2000$4,193+6.6%$64,800$113,800$178,600
1999$3,933+7.3%$57,300$109,400$166,700
1998$3,665+3.3%$59,300$108,700$168,000
1997$3,549+4.9%$57,300$108,700$166,000
1996$3,383+9.0%$57,300$108,700$166,000
1995$3,103+13.4%$55,800$108,700$164,500
1994$2,7370.0%$55,800$108,700$164,500
1993$2,7370.0%$22,000$52,400$74,400
1992$2,7370.0%$22,000$52,400$74,400
1991$2,737+7.8%$22,000$52,400$74,400
1990$2,539+6.3%$22,000$52,400$74,400
1989$2,390—$22,000$52,400$74,400