When was 24 Lake Ave, Franklin Twp, NJ last sold?

The most recent recorded sale was in 2016 for $280,000.

What is the assessed value of 24 Lake Ave, Franklin Twp, NJ?

The total municipal assessment is $565,900 (land plus improvements).

What is 24 Lake Ave, Franklin Twp, NJ worth?

Our model estimates a market value of $474,076, derived from comparable recorded sales nearby.

How many units does 24 Lake Ave, Franklin Twp, NJ have?

Records show 1 dwelling unit at 24 Lake Ave, Franklin Twp, NJ.

What kind of property is 24 Lake Ave, Franklin Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1925.

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24 Lake Ave, Franklin Twp, NJ — owner, sales, deeds · parceldata

24 Lake Ave

Franklin Twp, NJ·Somerset County

1808·block 351·lot 19

$474,076estimated value

Last sale

$280,000

9/7/2016 · MOD-IV (Rutgers)

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1925

Building size

1,626 sq ft

Lot size

0.52 ac

Land description

150X150

Building description

1SB 2G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$565,900

Land value

$322,600

Improvement value

$243,300

Last year's tax

$9,966

Last MOD-IV sale

$2,800

MOD-IV deed date

9/7/2016

Additional lots

Owner mailing address

24 Lake Ave.
Somerset, Nj 08873

Estimated market value

$474,076

range $381,338 – $496,094

low confidence

Assessment-implied: $587,155; Director's Ratio 0.9638 (2025)
Comp-implied: $436,383; 30 comparable sales

Estimated value, last 11 years

2016: $264,308 → 2026: $474,076

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
208 Sanders Ave

Bordering

200-ft notice list →

28 Lake Ave
Lot 18·$440,600
23 Hill Ave
Lot 6·$677,100
25 Hill Ave
Lot 7·$563,500

Block 351All of Block 351 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1808_351_19",
  "county_code": "18",
  "district_code": "08",
  "block": "351",
  "lot": "19",
  "qualifier": "",
  "property_location": "24 Lake Ave",
  "property_class": "2",
  "bldg_class": "16",
  "bldg_desc": "1SB 2G",
  "land_desc": "150X150",
  "year_built": 1925,
  "living_sqft": 1626,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "32260000",
  "improvement_value_cents": "24330000",
  "net_value_cents": "56590000",
  "last_yr_tx_cents": "996550",
  "deed_date": "2016-09-07",
  "deed_book": "06906",
  "deed_page": "01237",
  "sale_price_cents": "280000",
  "sales_code": "A",
  "owner_mailing_street": "24 Lake Ave.",
  "owner_mailing_city_state_zip": "Somerset, Nj 08873",
  "mun_name": "FRANKLIN TWP",
  "calc_acre": "0.516500",
  "add_lots1": "20",
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.49972770477072,
  "centroid_lat": 40.4898669416743
}

SR1A

[
  {
    "id": "c54bb3ab-a8ba-4598-a350-391f0b98e0b8",
    "property_id": "cad6a46a-bb45-4c03-9598-cd6e1d490a32",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "19",
    "qualifier": "",
    "deed_book": "6906",
    "deed_page": "1237",
    "deed_date": "2016-09-07",
    "date_recorded": "2016-09-07",
    "sale_price_cents": "28000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "c518c5c5-a7b5-4436-9c93-3e252ea59ef2",
    "property_id": "cad6a46a-bb45-4c03-9598-cd6e1d490a32",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "19",
    "qualifier": "",
    "deed_book": "06906",
    "deed_page": "01237",
    "deed_date": "2016-09-07",
    "date_recorded": "2016-09-07",
    "sale_price_cents": "280000",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "14d299a1-8337-401c-8543-0c8779412f9e",
    "property_id": "cad6a46a-bb45-4c03-9598-cd6e1d490a32",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "19",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": null,
    "date_recorded": "2012-06-29",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "3d2efdbf-b131-4838-b643-d2b5ee071726",
    "property_id": "cad6a46a-bb45-4c03-9598-cd6e1d490a32",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "19",
    "qualifier": "",
    "deed_book": "6536",
    "deed_page": "231",
    "deed_date": "2012-06-29",
    "date_recorded": "2012-06-29",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 24 Lake Ave, Franklin Twp, NJ last sold?: The most recent recorded sale was in 2016 for $280,000.
What is the assessed value of 24 Lake Ave, Franklin Twp, NJ?: The total municipal assessment is $565,900 (land plus improvements).
What is 24 Lake Ave, Franklin Twp, NJ worth?: Our model estimates a market value of $474,076, derived from comparable recorded sales nearby.
How many units does 24 Lake Ave, Franklin Twp, NJ have?: Records show 1 dwelling unit at 24 Lake Ave, Franklin Twp, NJ.
What kind of property is 24 Lake Ave, Franklin Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1925.

Sales history

9/7/2016$280,000
MOD-IV (Rutgers)Bk 6906 / Pg 1237
9/7/2016$2,800
TaxDataHubBk 06906 / Pg 01237
6/29/2012$0
TaxDataHub
6/29/2012$0
MOD-IV (Rutgers)Bk 6536 / Pg 231

Date	Price	Book / Page	Source
9/7/2016	$280,000	6906 / 1237	MOD-IV (Rutgers)
9/7/2016	$2,800	06906 / 01237	TaxDataHub
6/29/2012	$0	—	TaxDataHub
6/29/2012	$0	6536 / 231	MOD-IV (Rutgers)