When was 10 Lake Ave, Franklin Twp, NJ last sold?

The most recent recorded sale was in 2023 for $370,000.

What is the assessed value of 10 Lake Ave, Franklin Twp, NJ?

The total municipal assessment is $505,700 (land plus improvements).

What is 10 Lake Ave, Franklin Twp, NJ worth?

Our model estimates a market value of $476,416, derived from comparable recorded sales nearby.

How many units does 10 Lake Ave, Franklin Twp, NJ have?

Records show 1 dwelling unit at 10 Lake Ave, Franklin Twp, NJ.

What kind of property is 10 Lake Ave, Franklin Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1935.

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

10 Lake Ave

Franklin Twp, NJ 08873·Somerset County

1808·block 351·lot 27

$476,416estimated value

Last sale

$370,000

1/31/2023 · SR1A 2023

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1935

Building size

1,089 sq ft

Lot size

0.44 ac

Land description

95X200 AVG

Building description

2SBL 1G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$505,700

Land value

$319,100

Improvement value

$186,600

Last year's tax

$8,905

Last MOD-IV sale

$3,700

MOD-IV deed date

1/27/2023

Owner mailing address

10 Lake Ave
Somerset, Nj 08873

Estimated market value

$476,416

range $409,708 – $511,499

high confidence

Assessment-implied: $524,694; Director's Ratio 0.9638 (2025)
Comp-implied: $489,042; 30 comparable sales

Estimated value, last 11 years

2016: $265,613 → 2026: $476,416

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
9 Darwin Rd	2/25/2026

Bordering

200-ft notice list →

13 Hill Ave
Lot 1·$637,600
12 Lake Ave
Lot 26·$544,200

Block 351All of Block 351 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1808_351_27",
  "county_code": "18",
  "district_code": "08",
  "block": "351",
  "lot": "27",
  "qualifier": "",
  "property_location": "10 Lake Ave",
  "property_class": "2",
  "bldg_class": "16",
  "bldg_desc": "2SBL 1G",
  "land_desc": "95X200 AVG",
  "year_built": 1935,
  "living_sqft": 1089,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "31910000",
  "improvement_value_cents": "18660000",
  "net_value_cents": "50570000",
  "last_yr_tx_cents": "890538",
  "deed_date": "2023-01-27",
  "deed_book": "07491",
  "deed_page": "00517",
  "sale_price_cents": "370000",
  "sales_code": "A",
  "owner_mailing_street": "10 Lake Ave",
  "owner_mailing_city_state_zip": "Somerset, Nj 08873",
  "mun_name": "FRANKLIN TWP",
  "calc_acre": "0.436200",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "000",
  "fac_name": null,
  "centroid_lon": -74.50118670871683,
  "centroid_lat": 40.48858244847831
}

SR1A

[
  {
    "id": "1930cf3a-d280-4c96-831c-46d33cb6a722",
    "property_id": null,
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "27",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2023-01-27",
    "date_recorded": "2023-01-31",
    "sale_price_cents": "37000000",
    "sr1a_year": 2023,
    "source": "sr1a"
  },
  {
    "id": "da622994-d260-4e04-9245-7c3e87846a96",
    "property_id": "a52ea892-52b8-4066-abe4-6c2dbe0279eb",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "27",
    "qualifier": "",
    "deed_book": "7491",
    "deed_page": "517",
    "deed_date": "2023-01-27",
    "date_recorded": "2023-01-27",
    "sale_price_cents": "37000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "50c2adca-8a44-4873-8d5f-f1e6281a7b91",
    "property_id": "a52ea892-52b8-4066-abe4-6c2dbe0279eb",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "27",
    "qualifier": "",
    "deed_book": "07491",
    "deed_page": "00517",
    "deed_date": "2023-01-27",
    "date_recorded": "2023-01-27",
    "sale_price_cents": "370000",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "fa4f41d2-d1bb-402e-9781-4aaf3a963214",
    "property_id": "a52ea892-52b8-4066-abe4-6c2dbe0279eb",
    "county_code": "18",
    "district_code": "08",
    "block": "351",
    "lot": "27",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": null,
    "date_recorded": "1969-11-14",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  }
]

API record·permalink

Frequently asked questions

When was 10 Lake Ave, Franklin Twp, NJ last sold?: The most recent recorded sale was in 2023 for $370,000.
What is the assessed value of 10 Lake Ave, Franklin Twp, NJ?: The total municipal assessment is $505,700 (land plus improvements).
What is 10 Lake Ave, Franklin Twp, NJ worth?: Our model estimates a market value of $476,416, derived from comparable recorded sales nearby.
How many units does 10 Lake Ave, Franklin Twp, NJ have?: Records show 1 dwelling unit at 10 Lake Ave, Franklin Twp, NJ.
What kind of property is 10 Lake Ave, Franklin Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1935.

Sales history

1/31/2023$370,000
SR1A 2023
1/27/2023$370,000
MOD-IV (Rutgers)Bk 7491 / Pg 517
1/27/2023$3,700
TaxDataHubBk 07491 / Pg 00517
11/14/1969$0
TaxDataHub

Date	Price	Book / Page	Source
1/31/2023	$370,000	—	SR1A 2023
1/27/2023	$370,000	7491 / 517	MOD-IV (Rutgers)
1/27/2023	$3,700	07491 / 00517	TaxDataHub
11/14/1969	$0	—	TaxDataHub