When was 15 Somerset Ave, Chatham Boro, NJ last sold?

The most recent recorded sale was in 2005 for $1.

What is the assessed value of 15 Somerset Ave, Chatham Boro, NJ?

The total municipal assessment is $981,900 (land plus improvements).

What is 15 Somerset Ave, Chatham Boro, NJ worth?

Our model estimates a market value of $1,132,638, derived from comparable recorded sales nearby.

How many units does 15 Somerset Ave, Chatham Boro, NJ have?

Records show 1 dwelling unit at 15 Somerset Ave, Chatham Boro, NJ.

What kind of property is 15 Somerset Ave, Chatham Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1941.

parceldata.nj

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15 Somerset Ave, Chatham Boro, NJ — owner, sales, deeds · parceldata

15 Somerset Ave

Chatham Boro, NJ 07928·Morris County

1404·block 22·lot 11

$1,132,638estimated value

Last sale

10/12/2005 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1941

Building size

1,573 sq ft

Lot size

0.19 ac

Land description

65X126

Building description

1 1/2SF G1

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$981,900

Land value

$742,700

Improvement value

$239,200

Last year's tax

$15,897

Last MOD-IV sale

MOD-IV deed date

10/6/2005

Owner mailing address

15 SOMERSET AVE
CHATHAM, NJ 07928

Estimated market value

$1,132,638

range $945,877 – $1,237,256

high confidence

Assessment-implied: $1,173,539; Director's Ratio 0.8367 (2025)
Comp-implied: $1,119,004; 30 comparable sales

Estimated value, last 11 years

2016: $726,356 → 2026: $1,132,638

Based on 30 comparable sales

Address	Sold	Price
116 N Passaic Ave

Bordering

200-ft notice list →

32 Meadowbrook Rd
Lot 10·$1,409,300
11 Somerset Ave
Lot 12·$1,071,800
14 Mercer Ave
Lot 7·$1,035,200
16 Mercer Ave
Lot 8·$1,040,900

Block 22All of Block 22 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "15 SOMERSET AVE CHATHAM NJ 07928"
    ],
    "zipKeys": [
      "15 SOMERSET AVE 07928"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1404_22_11",
  "county_code": "14",
  "district_code": "04",
  "block": "22",
  "lot": "11",
  "qualifier": "",
  "property_location": "15 SOMERSET AVE",
  "property_class": "2",
  "bldg_class": "18",
  "bldg_desc": "1 1/2SF G1",
  "land_desc": "65X126",
  "year_built": 1941,
  "living_sqft": 1573,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "74270000",
  "improvement_value_cents": "23920000",
  "net_value_cents": "98190000",
  "last_yr_tx_cents": "1589696",
  "deed_date": "2005-10-06",
  "deed_book": "6455",
  "deed_page": "230",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "15 SOMERSET AVE",
  "owner_mailing_city_state_zip": "CHATHAM, NJ  07928",
  "mun_name": "CHATHAM BORO",
  "calc_acre": "0.188000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.39465922044198,
  "centroid_lat": 40.74029889028714
}

SR1A

[
  {
    "id": "234a5070-4e7d-437e-ac6b-1f19f83634d0",
    "property_id": "d31cbf76-3308-41ae-ad6d-9557f30f2eb9",
    "county_code": "14",
    "district_code": "04",
    "block": "22",
    "lot": "11",
    "qualifier": "",
    "deed_book": "6455",
    "deed_page": "230",
    "deed_date": "2005-10-06",
    "date_recorded": "2005-10-12",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "359c615a-da8f-4c12-8852-0e8c8e9d6ba8",
    "property_id": "d31cbf76-3308-41ae-ad6d-9557f30f2eb9",
    "county_code": "14",
    "district_code": "04",
    "block": "22",
    "lot": "11",
    "qualifier": "",
    "deed_book": "6455",
    "deed_page": "230",
    "deed_date": "2005-10-06",
    "date_recorded": "2005-10-06",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "75199131-8049-4e30-8376-a3ba0a5b5d49",
    "property_id": "d31cbf76-3308-41ae-ad6d-9557f30f2eb9",
    "county_code": "14",
    "district_code": "04",
    "block": "22",
    "lot": "11",
    "qualifier": "",
    "deed_book": "5082",
    "deed_page": "299",
    "deed_date": "1999-11-01",
    "date_recorded": "1999-11-09",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "89b51e16-67d6-41ed-8458-a1b805e3c9f2",
    "property_id": "d31cbf76-3308-41ae-ad6d-9557f30f2eb9",
    "county_code": "14",
    "district_code": "04",
    "block": "22",
    "lot": "11",
    "qualifier": "",
    "deed_book": "5082",
    "deed_page": "299",
    "deed_date": "1999-11-01",
    "date_recorded": "1999-11-01",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 15 Somerset Ave, Chatham Boro, NJ last sold?: The most recent recorded sale was in 2005 for $1.
What is the assessed value of 15 Somerset Ave, Chatham Boro, NJ?: The total municipal assessment is $981,900 (land plus improvements).
What is 15 Somerset Ave, Chatham Boro, NJ worth?: Our model estimates a market value of $1,132,638, derived from comparable recorded sales nearby.
How many units does 15 Somerset Ave, Chatham Boro, NJ have?: Records show 1 dwelling unit at 15 Somerset Ave, Chatham Boro, NJ.
What kind of property is 15 Somerset Ave, Chatham Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1941.

Sales history

10/12/2005$1
taxrecords_njBk 6455 / Pg 230
10/6/2005$1
MOD-IV (Rutgers)Bk 6455 / Pg 230
11/9/1999$0
taxrecords_njBk 5082 / Pg 299
11/1/1999$0
MOD-IV (Rutgers)Bk 5082 / Pg 299

Date	Price	Book / Page	Source
10/12/2005	$1	6455 / 230	taxrecords_nj
10/6/2005	$1	6455 / 230	MOD-IV (Rutgers)
11/9/1999	$0	5082 / 299	taxrecords_nj
11/1/1999	$0	5082 / 299	MOD-IV (Rutgers)