What is the assessed value of 345 Grove Avenue, Bound Brook Boro, NJ?

The total municipal assessment is $465,600 (land plus improvements).

What is 345 Grove Avenue, Bound Brook Boro, NJ worth?

Our model estimates a market value of $498,926, derived from comparable recorded sales nearby.

How many units does 345 Grove Avenue, Bound Brook Boro, NJ have?

Records show 1 dwelling unit at 345 Grove Avenue, Bound Brook Boro, NJ.

What kind of property is 345 Grove Avenue, Bound Brook Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1954.

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345 Grove Avenue, Bound Brook Boro, NJ — owner, sales, deeds · parceldata

345 Grove Avenue

Bound Brook Boro, NJ·Somerset County

1804·block 58·lot 23

$498,926estimated value

Last sale

8/31/2016 · MOD-IV (Rutgers)

1 other property share this owner's mailing address.View portfolio →

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1954

Building size

1,416 sq ft

Lot size

0.13 ac

Land description

50X113

Building description

1SF1G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$465,600

Land value

$242,000

Improvement value

$223,600

Last year's tax

$10,276

Last MOD-IV sale

MOD-IV deed date

8/31/2016

Owner mailing address

345 Grove Ave
Bound Brook, Nj 08805

Estimated market value

$498,926

range $419,761 – $580,385

high confidence

Assessment-implied: $499,249; Director's Ratio 0.9326 (2025)
Comp-implied: $498,818; 30 comparable sales

Estimated value, last 10 years

2016: $214,408 → 2025: $498,926

Based on 30 comparable sales

Address	Sold	Price
520 Dalay Place	1/13/2026	$360,000
722 Lawrence Road	12/2/2025	$607,000

On Grove AvenueAll 43 on Grove Avenue →

Bordering

200-ft notice list →

343 Grove Avenue
Lot 22·$467,200
347 Grove Avenue
Lot 24·$512,300
342 Longwood Avenue
Lot 5·$395,300
338 Longwood Avenue
Lot 6·$510,000
334 Longwood Avenue
Lot 7·$491,600

Block 58All of Block 58 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1804_58_23",
  "county_code": "18",
  "district_code": "04",
  "block": "58",
  "lot": "23",
  "qualifier": "",
  "property_location": "345 Grove Avenue",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "1SF1G",
  "land_desc": "50X113",
  "year_built": 1954,
  "living_sqft": 1416,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "24200000",
  "improvement_value_cents": "22360000",
  "net_value_cents": "46560000",
  "last_yr_tx_cents": "1027579",
  "deed_date": "2016-08-31",
  "deed_book": "06901",
  "deed_page": "02205",
  "sale_price_cents": "0",
  "sales_code": "A",
  "owner_mailing_street": "345 Grove Ave",
  "owner_mailing_city_state_zip": "Bound Brook, Nj 08805",
  "mun_name": "BOUND BROOK BORO",
  "calc_acre": "0.129700",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.54481270421401,
  "centroid_lat": 40.56647235023076
}

SR1A

[
  {
    "id": "39cd5da1-2203-42d7-b13c-8887b4133929",
    "property_id": "28ab888c-d7b2-469a-ade6-621ded248804",
    "county_code": "18",
    "district_code": "04",
    "block": "58",
    "lot": "23",
    "qualifier": "",
    "deed_book": "6901",
    "deed_page": "2205",
    "deed_date": "2016-08-31",
    "date_recorded": "2016-08-31",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "b2fd9357-2b87-4b09-9396-abdea9999ce3",
    "property_id": "28ab888c-d7b2-469a-ade6-621ded248804",
    "county_code": "18",
    "district_code": "04",
    "block": "58",
    "lot": "23",
    "qualifier": "",
    "deed_book": "06901",
    "deed_page": "02205",
    "deed_date": "2016-08-31",
    "date_recorded": "2016-08-31",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 345 Grove Avenue, Bound Brook Boro, NJ?: The total municipal assessment is $465,600 (land plus improvements).
What is 345 Grove Avenue, Bound Brook Boro, NJ worth?: Our model estimates a market value of $498,926, derived from comparable recorded sales nearby.
How many units does 345 Grove Avenue, Bound Brook Boro, NJ have?: Records show 1 dwelling unit at 345 Grove Avenue, Bound Brook Boro, NJ.
What kind of property is 345 Grove Avenue, Bound Brook Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1954.

Date	Price	Book / Page	Source
8/31/2016	$0	6901 / 2205	MOD-IV (Rutgers)
8/31/2016	$0	06901 / 02205	TaxDataHub