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Sold for $590,000
  • $590,000

    16 Lake Ave, Somerset, NJ 08873

    4beds
    1,517sqft
    Single Family Residence
    Built in 1955
    10,798 Square Feet Lot
    $637,200 Zestimate®
    $389/sqft
    $3,676 Estimated rent

    Home value

    $637,200

    $593,000 - $688,000

    $3,676/mo

    Zestimate® history
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    What's special

    Wood burning fireplaceTons of natural lightSitting areaPrivate fenced in yardGourmet kitchenDining roomLarge windows
    4 bedroom cape. Totally renovated. Gourmet kitchen with stainless steel top end appliances, quartz counter top, new cabinets, stainless steel sink. Pantry/mud room with built in microwave. Kitchen has open floor plan with sitting area and dining room with a view out into the back yard. Large windows let in tons of natural light. Private fenced in yard. 2nd level has full bath, large master bedroom with sitting area that can be used as a den or office. 2nd level also features a 2nd bedroom with walk in closet. Basement is partially finished with family room area for TV or study. Basement has laundry room,storage room and bilco door to backyard. HVAC 2022, roof 2021. Move in ready. This home has been lovingly cared for and maintained. Wood burning fireplace as is seller will make no repairs. No known issues. House is being sold as is. Washer is excluded. Convenient to major highways, Northeast corridor train line, NYC and Princeton bus, Rutgers University.

    Zillow last checked:

    Listing updated:

    Listed by:

    APRIL TARANTINO,

    RE/MAX OUR TOWN 732-419-9300

    Source: All Jersey MLS,MLS#: 2504358RMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Sitting Area
    • Area: 252
    • Dimensions: 18 x 14
    Bedroom 2
    • Area: 187
    • Dimensions: 17 x 11
    Bedroom 3
    • Area: 130
    • Dimensions: 13 x 10
    Bedroom 4
    • Area: 80
    • Dimensions: 10 x 8
    Bathroom
    • Features: Stall Shower
    Dining room
    • Features: Living Dining Combo
    • Area: 120
    • Dimensions: 15 x 8
    Kitchen
    • Features: Granite/Corian Countertops, Kitchen Exhaust Fan, Pantry, Separate Dining Area, Galley Type
    • Area: 112
    • Dimensions: 14 x 8
    Living room
    • Area: 190
    • Dimensions: 19 x 10
    Basement
    • Area: 0
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Gas Range/Oven, Exhaust Fan, Microwave, Refrigerator, Kitchen Exhaust Fan, Gas Water Heater
    Features
    • 2 Bedrooms, Kitchen, Living Room, Bath Full, Other Room(s), Den, Dining Room, Library/Office, None
    • Flooring: Carpet, Ceramic Tile, Wood
    • Windows: Insulated Windows
    • Basement: Partially Finished, Full, Other Room(s), Exterior Entry, Recreation Room, Storage Space, Interior Entry, Utility Room, Laundry Facilities
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 1,517
    • Total interior livable area: 1,517 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: 2 Car Width, Asphalt, Garage, Attached
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Fencing/Wall, Yard, Insulated Pane Windows
    • Pool features: None
    • Fencing: Fencing/Wall
    Lot
    • Size: 10,798 Square Feet
    • Dimensions: 150.00 x 72.00
    • Features: Level
    Details
    • Parcel number: 0800351000000024
    • Zoning: R20

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1955

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Sewer Charge, Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Somerset

    Financial & listing details

    • Price per square foot: $389/sqft
    • Tax assessed value: $624,900
    • Annual tax amount: $9,124
    • Date on market: 10/1/2024
    • Ownership: Fee Simple
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    12/12/2024Sold$590,000+1.7%$389/sqft
    Source: All Jersey MLS #2504358R Report a problem
    11/14/2024Contingent$580,000$382/sqft
    Source: All Jersey MLS #2504358R Report a problem
    11/14/2024Pending sale$580,000$382/sqft
    Source: GSMLS #3926937 Report a problem
    10/25/2024Listed for sale$580,000$382/sqft
    Source: GSMLS #3926937 Report a problem
    10/8/2024Contingent$580,000$382/sqft
    Source: All Jersey MLS #2504358R Report a problem
    10/8/2024Pending sale$580,000$382/sqft
    Source: GSMLS #3926937 Report a problem
    10/1/2024Listed for sale$580,000+19.6%$382/sqft
    Source: GSMLS #3926937 Report a problem
    7/30/2023Listing removed--
    Source: GSMLS #3721213 Report a problem
    12/5/2022Sold$485,000-3%$320/sqft
    Source: GSMLS #3807928 Report a problem
    10/12/2022Pending sale$499,999$330/sqft
    Source: GSMLS #3807928 Report a problem
    9/17/2022Listed for sale$499,999+63.9%$330/sqft
    Source: GSMLS #3807928 Report a problem
    7/29/2021Sold$305,000+2%$201/sqft
    Source: All Jersey MLS #2119191R Report a problem
    6/17/2021Listed for sale$299,000$197/sqft
    Source: All Jersey MLS #2119191R Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,923 +18.9%$624,900 +18.9%
    2024$9,189 +0.7%$525,700 +11.8%
    2023$9,124 +8.2%$470,300 +9.8%
    2022$8,435 $428,400 +13.2%
    2021-- $378,400 +2.7%
    2020$8,076 +8.3%$368,400 +5.7%
    2019$7,457 $348,400 +9.4%
    2018$7,457 -1.2%$318,400
    2017$7,549 +0.7%$318,400
    2016$7,498 +1.5%$318,400
    2015$7,387 +1.4%$318,400
    2014$7,285 +3.3%$318,400
    2013$7,049 +4.2%$318,400
    2012$6,763 +6.7%$318,400
    2011$6,340 +1.4%$318,400 +1.8%
    2010$6,250 -19.7%$312,800 -6%
    2009$7,782 $332,800 -15.6%
    2008-- $394,200
    2007-- $394,200
    2006-- $394,200 +15.4%
    2005-- $341,500 +16.2%
    2004$2,187 $294,000 +27.3%
    2003-- $231,000 +6.5%
    2002-- $217,000 +8.4%
    2001-- $200,200
    Find assessor info on the county website

    Neighborhood: 08873

    Nearby schools

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    Estimated market value
    $637,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $637,200