What is the assessed value of 227 Phillips Rd, Franklin Twp, NJ?

The total municipal assessment is $426,700 (land plus improvements).

What is 227 Phillips Rd, Franklin Twp, NJ worth?

Our model estimates a market value of $448,042, derived from comparable recorded sales nearby.

How many units does 227 Phillips Rd, Franklin Twp, NJ have?

Records show 1 dwelling unit at 227 Phillips Rd, Franklin Twp, NJ.

What kind of property is 227 Phillips Rd, Franklin Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1968.

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227 Phillips Rd, Franklin Twp, NJ — owner, sales, deeds · parceldata

227 Phillips Rd

Franklin Twp, NJ 08873·Somerset County

1808·block 237·lot 2

$448,042estimated value

Last sale

—

2/15/2022 · SR1A 2022

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1968

Building size

1,468 sq ft

Lot size

0.20 ac

Land description

85X100

Building description

2SF 2G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$426,700

Land value

$207,400

Improvement value

$219,300

Last year's tax

$7,514

Last MOD-IV sale

MOD-IV deed date

10/13/2021

Owner mailing address

227 Phillips Rd
Somerset, Nj 08873

Estimated market value

$448,042

range $394,961 – $505,783

moderate confidence

Assessment-implied: $442,727; Director's Ratio 0.9638 (2025)
Comp-implied: $472,633; 30 comparable sales

Estimated value, last 11 years

2016: $249,793 → 2026: $448,042

dots are actual sale prices for this property

Bordering

200-ft notice list →

235 Phillips Rd
Lot 1·$395,200
120 Baier Ave
Lot 15·$480,800
221 Phillips Rd
Lot 3·$371,300

Block 237All of Block 237 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "227 PHILLIPS RD SOMERSET NJ 08873"
    ],
    "zipKeys": [
      "227 PHILLIPS RD 08873"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1808_237_2",
  "county_code": "18",
  "district_code": "08",
  "block": "237",
  "lot": "2",
  "qualifier": "",
  "property_location": "227 Phillips Rd",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2SF 2G",
  "land_desc": "85X100",
  "year_built": 1968,
  "living_sqft": 1468,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20740000",
  "improvement_value_cents": "21930000",
  "net_value_cents": "42670000",
  "last_yr_tx_cents": "751419",
  "deed_date": "2021-10-13",
  "deed_book": "07425",
  "deed_page": "00470",
  "sale_price_cents": "0",
  "sales_code": "A",
  "owner_mailing_street": "227 Phillips Rd",
  "owner_mailing_city_state_zip": "Somerset, Nj 08873",
  "mun_name": "FRANKLIN TWP",
  "calc_acre": "0.195100",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "000",
  "fac_name": null,
  "centroid_lon": -74.47828433288257,
  "centroid_lat": 40.493756254324204
}

SR1A

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    "lot": "2",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2021-10-13",
    "date_recorded": "2022-02-15",
    "sale_price_cents": null,
    "sr1a_year": 2022,
    "source": "sr1a"
  },
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    "qualifier": "",
    "deed_book": "07425",
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    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
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    "source": "modiv_rutgers"
  },
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    "deed_book": "7072",
    "deed_page": "3507",
    "deed_date": "2018-07-24",
    "date_recorded": "2018-07-24",
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    "deed_date": "2003-09-29",
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    "qualifier": "",
    "deed_book": "2339",
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    "deed_date": "2000-11-28",
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    "deed_book": "1597",
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    "sr1a_year": null,
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  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 227 Phillips Rd, Franklin Twp, NJ?: The total municipal assessment is $426,700 (land plus improvements).
What is 227 Phillips Rd, Franklin Twp, NJ worth?: Our model estimates a market value of $448,042, derived from comparable recorded sales nearby.
How many units does 227 Phillips Rd, Franklin Twp, NJ have?: Records show 1 dwelling unit at 227 Phillips Rd, Franklin Twp, NJ.
What kind of property is 227 Phillips Rd, Franklin Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1968.

Based on 30 comparable sales

Address	Sold	Price
9 Atlantic Rd	2/18/2026	$391,500
10 Continental Rd	2/17/2026	$590,000
15 Newkirk Rd	2/11/2026	$550,000
497 Easton Ave	2/10/2026	$598,000
221 Phillips Rd	2/6/2026	$525,000
33 Holly St	1/20/2026	$650,000
59 Appleman Rd	1/14/2026	$610,000
220 Lenox Place	1/13/2026	$470,000
4 Fraley Dr	1/8/2026	$520,000
122 Franklin Blvd	12/26/2025	$326,000
123 Baier Ave	12/19/2025	$534,000
85 Winston Dr	12/17/2025	$566,000
94 Main St	12/15/2025	$485,000
260 Highland Ave	11/24/2025	$320,000
172 Rodney Ave	11/24/2025	$319,000
81 Girard Ave	11/18/2025	$365,000
29 Olcott St	11/18/2025	$500,000
139 Churchill Ave	11/12/2025	$485,000
13 William Street	11/10/2025	$410,000
95 Brookline Ave	11/4/2025	$320,000
17 Runyon Ave	10/31/2025	$490,000
172 Alcorne St	10/30/2025	$214,414
135 Irvington Avenue	10/22/2025	$560,000
207 Phillips Rd	10/10/2025	$505,000
39 Runyon Ave	10/8/2025	$484,950
10 Shaw Dr	9/29/2025	$665,000
14 Landry Rd	9/24/2025	$675,000
7 Darwin Rd	9/23/2025	$600,000
30 Lafayette Ave	8/28/2025	$420,000
17 Tamarack Rd	8/27/2025	$634,800

Sales history

2/15/2022—
SR1A 2022
10/13/2021$0
TaxDataHubBk 07425 / Pg 00470
10/13/2021$0
MOD-IV (Rutgers)Bk 7425 / Pg 470
10/24/2019$220,000
SR1A 2020
10/15/2019$220,000
MOD-IV (Rutgers)Bk 7161 / Pg 2610
10/15/2019$220,000
TaxDataHub
6/7/2019$1
TaxDataHub
7/24/2018$1,000
MOD-IV (Rutgers)Bk 7072 / Pg 3507
7/24/2018$1,000
TaxDataHub
5/15/2008$213,000
TaxDataHub
5/15/2008$213,000
MOD-IV (Rutgers)Bk 6135 / Pg 2835
6/19/2007$100
TaxDataHub
4/24/2006$1
MOD-IV (Rutgers)Bk 5891 / Pg 931
9/29/2003$100
MOD-IV (Rutgers)Bk 5555 / Pg 2316
11/28/2000$189,900
MOD-IV (Rutgers)Bk 2339 / Pg 750
8/28/1986$97,000
MOD-IV (Rutgers)Bk 1597 / Pg 674

Date	Price	Book / Page	Source
2/15/2022	—	—	SR1A 2022
10/13/2021	$0	07425 / 00470	TaxDataHub
10/13/2021	$0	7425 / 470	MOD-IV (Rutgers)
10/24/2019	$220,000	—	SR1A 2020
10/15/2019	$220,000	7161 / 2610	MOD-IV (Rutgers)
10/15/2019	$220,000	—	TaxDataHub
6/7/2019	$1	—	TaxDataHub
7/24/2018	$1,000	7072 / 3507	MOD-IV (Rutgers)
7/24/2018	$1,000	—	TaxDataHub