517 Madison Ave Somerset, NJ 08873

Built 1924 · Residential1 owner signal on a paid plan
Assessed
$176,800
Last sale
$485,000Aug 4, 2025
Built
1924
Size
1,372 sq ft
Status
No open cases

Property information

Block
551
Lot
5
Qualifier
—
County
Somerset
Municipality
Franklin Twp
Tax map page
9502
Land description
.1150 ACRE

Building details

Building class
16
Description
1SF
Dwellings
1
Zoning
B-I
Square feet
1,372
Acreage
0.12 ac

Assessment

Land value
$54,000
31%
Improvement value
$122,800
69%
Total assessment
$176,800
Sale assessment
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Tax (2024)
$2,509

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 · 1924–2025

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  • Deed recorded

    +143% vs 2023
    $485,000
    Held2.1 yrs
  • Mortgage recorded

    Instrument2025020831CountySomerset
  • Notice of settlement recorded

    Instrument2025015902CountySomerset
  • Notice of settlement recorded

    Instrument2025013703CountySomerset
  • Deed recorded

    +33% vs 2014
    $200,000
    Held8.8 yrs
  • Mortgage discharged

    Instrument2022001993CountySomerset
  • 7 years
  • Mortgage discharged

    Instrument2015011993CountySomerset
  • Mortgage recorded

    Instrument2015008317CountySomerset
  • Deed recorded

    $150,000
    Held6.5 yrs
  • Mortgage recorded

    Instrument2014037587CountySomerset
  • Notice of settlement recorded

    Instrument2014029456CountySomerset
  • Notice of settlement recorded

    Instrument2014029457CountySomerset
  • 91 years
  • Property Built

YearProperty taxChangeLandImprovementAssessment
2024$2,509-5.8%$54,000$122,800$176,800
2023$2,665-12.8%$54,000$84,000$138,000
2022$3,057-2.2%$54,000$84,000$138,000
2021$3,124-1.7%$54,000$84,000$138,000
2020$3,177-1.0%$54,000$84,000$138,000
2019$3,210-0.3%$54,000$84,000$138,000
2018$3,221-0.7%$54,000$84,000$138,000
2017$3,244+0.7%$54,000$84,000$138,000
2016$3,222+1.4%$54,000$84,000$138,000
2015$3,177+1.8%$54,000$84,000$138,000
2014$3,120+3.2%$54,000$84,000$138,000
2013$3,022+4.1%$54,000$84,000$138,000
2012$2,904-3.9%$54,000$84,000$138,000
2011$3,021+8.0%$54,000$84,000$138,000
2010$2,797-19.4%$54,000$96,600$150,600
2009$3,471+19.6%$54,000$96,600$150,600
2008$2,903+2.3%$51,600$126,300$177,900
2007$2,837+16.2%$51,600$126,300$177,900
2006$2,442+7.5%$51,600$126,300$177,900
2005$2,273-1.4%$31,600$117,300$148,900
2004$2,306+17.4%$31,600$100,000$131,600
2003$1,964-0.7%$21,600$103,600$125,200
2002$1,977+8.5%$21,600$87,400$109,000
2001$1,823-3.1%$21,600$80,700$102,300
2000$1,882+7.1%$21,600$69,900$91,500
1999$1,758+7.6%$21,600$67,200$88,800
1998$1,634+3.7%$21,600$64,500$86,100
1997$1,575+4.8%$21,600$64,500$86,100
1996$1,504+12.0%$21,600$64,500$86,100
1995$1,343+39.5%$21,600$64,500$86,100
1994$9630.0%$21,600$64,500$86,100
1993$9630.0%$6,000$27,500$33,500
1992$9630.0%$6,000$27,500$33,500
1991$963+14.9%$6,000$27,500$33,500
1990$838+5.4%$6,000$27,500$33,500
1989$795—$6,000$27,500$33,500