What is the assessed value of 240 Chestnut Street, Bound Brook Boro, NJ?

The total municipal assessment is $361,900 (land plus improvements).

What is 240 Chestnut Street, Bound Brook Boro, NJ worth?

Our model estimates a market value of $402,174, derived from comparable recorded sales nearby.

How many units does 240 Chestnut Street, Bound Brook Boro, NJ have?

Records show 1 dwelling unit at 240 Chestnut Street, Bound Brook Boro, NJ.

What kind of property is 240 Chestnut Street, Bound Brook Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1955.

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240 Chestnut Street, Bound Brook Boro, NJ — owner, sales, deeds · parceldata

240 Chestnut Street

Bound Brook Boro, NJ·Somerset County

1804·block 102·lot 11.01

$402,174estimated value

Last sale

7/25/2023 · MOD-IV (Rutgers)

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1955

Building size

952 sq ft

Lot size

0.16 ac

Land description

50X140

Building description

1SF

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$361,900

Land value

$224,200

Improvement value

$137,700

Last year's tax

$7,987

Last MOD-IV sale

MOD-IV deed date

7/25/2023

Owner mailing address

240 Chestnut St
Bound Brook, Nj 08805

Estimated market value

$402,174

range $363,448 – $448,211

high confidence

Assessment-implied: $388,055; Director's Ratio 0.9326 (2025)
Comp-implied: $406,881; 30 comparable sales

Estimated value, last 10 years

2016: $201,087 → 2025: $402,174

Based on 30 comparable sales

Address	Sold	Price
532 Imlay Place

Bordering

200-ft notice list →

244 Chestnut Street
Lot 11·$471,600
236 Chestnut Street
Lot 11.02·$438,600
163 Cherry Avenue
Lot 31·$5,685,600

Block 102All of Block 102 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "240 CHESTNUT ST BOUND BROOK NJ 08805"
    ],
    "zipKeys": [
      "240 CHESTNUT ST 08805"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1804_102_11.01",
  "county_code": "18",
  "district_code": "04",
  "block": "102",
  "lot": "11.01",
  "qualifier": "",
  "property_location": "240 Chestnut Street",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "1SF",
  "land_desc": "50X140",
  "year_built": 1955,
  "living_sqft": 952,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "22420000",
  "improvement_value_cents": "13770000",
  "net_value_cents": "36190000",
  "last_yr_tx_cents": "798713",
  "deed_date": "2023-07-25",
  "deed_book": "07518",
  "deed_page": "01711",
  "sale_price_cents": "0",
  "sales_code": "A",
  "owner_mailing_street": "240 Chestnut St",
  "owner_mailing_city_state_zip": "Bound Brook, Nj 08805",
  "mun_name": "BOUND BROOK BORO",
  "calc_acre": "0.160700",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "000",
  "fac_name": null,
  "centroid_lon": -74.53592640752996,
  "centroid_lat": 40.57094760737006
}

SR1A

[
  {
    "id": "acc98413-04e3-4013-8c25-4d8db90a1346",
    "property_id": "4e2bbc76-6290-4b54-bb58-45ff999795b9",
    "county_code": "18",
    "district_code": "04",
    "block": "102",
    "lot": "11.01",
    "qualifier": "",
    "deed_book": "7518",
    "deed_page": "1711",
    "deed_date": "2023-07-25",
    "date_recorded": "2023-07-25",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "2fe25b20-19d8-4ea6-a662-74d7fdf199d5",
    "property_id": "4e2bbc76-6290-4b54-bb58-45ff999795b9",
    "county_code": "18",
    "district_code": "04",
    "block": "102",
    "lot": "11.01",
    "qualifier": "",
    "deed_book": "07518",
    "deed_page": "01711",
    "deed_date": "2023-07-25",
    "date_recorded": "2023-07-25",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "db90aaf2-2623-4c08-bad9-f9575680c150",
    "property_id": "4e2bbc76-6290-4b54-bb58-45ff999795b9",
    "county_code": "18",
    "district_code": "04",
    "block": "102",
    "lot": "11.01",
    "qualifier": "",
    "deed_book": "5302",
    "deed_page": "322",
    "deed_date": "2003-02-10",
    "date_recorded": "2003-02-10",
    "sale_price_cents": "9900",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "d02a1da3-bf60-4508-948a-7b9d04f3a65f",
    "property_id": "4e2bbc76-6290-4b54-bb58-45ff999795b9",
    "county_code": "18",
    "district_code": "04",
    "block": "102",
    "lot": "11.01",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": null,
    "date_recorded": "2003-02-10",
    "sale_price_cents": "9900",
    "sr1a_year": null,
    "source": "taxdatahub"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 240 Chestnut Street, Bound Brook Boro, NJ?: The total municipal assessment is $361,900 (land plus improvements).
What is 240 Chestnut Street, Bound Brook Boro, NJ worth?: Our model estimates a market value of $402,174, derived from comparable recorded sales nearby.
How many units does 240 Chestnut Street, Bound Brook Boro, NJ have?: Records show 1 dwelling unit at 240 Chestnut Street, Bound Brook Boro, NJ.
What kind of property is 240 Chestnut Street, Bound Brook Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1955.

Sales history

7/25/2023$0
MOD-IV (Rutgers)Bk 7518 / Pg 1711
7/25/2023$0
TaxDataHubBk 07518 / Pg 01711
2/10/2003$99
MOD-IV (Rutgers)Bk 5302 / Pg 322
2/10/2003$99
TaxDataHub

Date	Price	Book / Page	Source
7/25/2023	$0	7518 / 1711	MOD-IV (Rutgers)
7/25/2023	$0	07518 / 01711	TaxDataHub
2/10/2003	$99	5302 / 322	MOD-IV (Rutgers)
2/10/2003	$99	—	TaxDataHub