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  • $532,700

    88 E Somerset St, Raritan, NJ 08869

    3beds
    1,524sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $532,700 Zestimate®
    $350/sqft
    $2,903 Estimated rent

    Home value

    $532,700

    $495,000 - $575,000

    $2,903/mo

    Zestimate® history
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    Owner options

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    $2,903/mo

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    Rent Zestimate®

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    $3,770/mo

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    $3,770/mo

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    What's special

    Great opportunity for an investor, extended family or a smart Buyer looking to share expenses. The walk up attic was renovated in 2006 adding additional living space and including new windows, floors, electric, insulation and wall boards. Current Tenant is on a MTM and willing to stay. 3 car Garage with loft storage space can be rented for additional income. Net Operating income 2017 was $18,545 and does not include Garage rentals. 2nd floor rental includes the 3rd level. 1st floor rental includes access to the finished basement.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas
    Appliances
    • Included: Dryer, Washer
    Features
    • Smoke Detector, Carbon Monoxide Detector, Fire Extinguisher, Blinds
    • Flooring: Hardwood, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 1,524 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: 1600112000000002

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Slate
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer, Public Available
    • Utilities for property: Electric

    Community & HOA

    Location
    • Region: Raritan

    Financial & listing details

    • Price per square foot: $350/sqft
    • Tax assessed value: $283,100
    • Annual tax amount: $8,453

    Price history

    DateEventPrice
    8/31/2018Sold$278,000$182/sqft
    Source: GSMLS #3479537 Report a problem
    7/19/2018Pending sale$278,000$182/sqft
    Source: Coldwell Banker Residential Brokerage - Middletown Office #3479537 Report a problem
    7/18/2018Listed for sale$278,000$182/sqft
    Source: Coldwell Banker Residential Brokerage - Middletown Office #3479537 Report a problem
    7/14/2018Pending sale$278,000$182/sqft
    Source: Coldwell Banker Residential Brokerage - Middletown Office #3479537 Report a problem
    7/14/2018Listed for sale$278,000$182/sqft
    Source: COLDWELL BANKER RESIDENTIAL #3479537 Report a problem
    7/6/2018Pending sale$278,000$182/sqft
    Source: Coldwell Banker Residential Brokerage - Middletown Office #3479537 Report a problem
    6/15/2018Listed for sale$278,000$182/sqft
    Source: Coldwell Banker Residential Brokerage - Middletown Office #3479537 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,453 $283,100
    2024$8,453 +4.9%$283,100
    2023$8,060 +9.5%$283,100
    2022$7,361 $283,100
    2021-- $283,100
    2020$7,219 +4%$283,100
    2019$6,939 $283,100
    2018$6,939 +2.7%$283,100
    2017$6,755 +6.5%$283,100
    2016$6,344 -0.3%$283,100
    2015$6,364 -2%$283,100
    2014$6,497 +1.1%$283,100
    2012$6,429 +1%$283,100
    2011$6,364 +3.8%$283,100
    2010$6,132 $283,100
    2009-- $283,100
    2008-- $283,100
    2007-- $283,100
    2006-- $283,100
    2005-- $283,100 +97.4%
    2004$4,130 $143,400
    2003-- $143,400
    2002-- $143,400
    2001-- $143,400
    Find assessor info on the county website

    Neighborhood: 08869

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $532,700
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    Estimated market value
    $532,700