When was 38-44 W Somerset St, Raritan Boro, NJ last sold?

The most recent recorded sale was in 2022 for $775,000.

What is the assessed value of 38-44 W Somerset St, Raritan Boro, NJ?

The total municipal assessment is $595,100 (land plus improvements).

What is 38-44 W Somerset St, Raritan Boro, NJ worth?

Our model estimates a market value of $867,265, derived from comparable recorded sales nearby.

How many units does 38-44 W Somerset St, Raritan Boro, NJ have?

Records show 1 dwelling unit at 38-44 W Somerset St, Raritan Boro, NJ.

What kind of property is 38-44 W Somerset St, Raritan Boro, NJ?

MOD-IV classifies it as Commercial (class 4A). Year built: 1960.

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38-44 W Somerset St, Raritan Boro, NJ — owner, sales, deeds · parceldata

38-44 W Somerset St

Raritan Boro, NJ·Somerset County

1816·block 90·lot 22

$867,265estimated value

Last sale

$775,000

6/30/2022 · SR1A 2022

2 other properties share this owner's mailing address.View portfolio →

Property

Type

Commercial

Tax class

Commercial

Year built

1960

Building size

6,720 sq ft

Lot size

0.21 ac

Land description

60X150

Building description

2 SCB

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$595,100

Land value

$130,000

Improvement value

$465,100

Last year's tax

$18,103

Last MOD-IV sale

$7,750

MOD-IV deed date

6/23/2022

Owner mailing address

32 Freedom Ln
Somerset, Nj 08873

Estimated market value

$867,265

range $769,487 – $965,043

high confidence

Assessment-implied: $969,376; Director's Ratio 0.6139 (2025)
Comparable sales: 2 (below threshold)

Estimated value, last 11 years

2016: $545,274 → 2026: $867,265

dots are actual sale prices for this property

Based on 2 comparable sales

Bordering

200-ft notice list →

34 W Somerset St
Lot 20·$508,400
36-38 W Somerset St
Lot 21·$254,100
46-48 W. Somerset St
Lot 23·$330,600
13 First St
Lot 7·$244,100
11 First St
Lot 8·$320,100
9 First St
Lot 9·$250,000

Block 90All of Block 90 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 2,
  "portfolioKeys": {
    "fullKeys": [
      "32 FREEDOM LN SOMERSET NJ 08873"
    ],
    "zipKeys": [
      "32 FREEDOM LN 08873"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1816_90_22",
  "county_code": "18",
  "district_code": "16",
  "block": "90",
  "lot": "22",
  "qualifier": "",
  "property_location": "38-44 W Somerset St",
  "property_class": "4A",
  "bldg_class": "10",
  "bldg_desc": "2 SCB",
  "land_desc": "60X150",
  "year_built": 1960,
  "living_sqft": 6720,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "13000000",
  "improvement_value_cents": "46510000",
  "net_value_cents": "59510000",
  "last_yr_tx_cents": "1810294",
  "deed_date": "2022-06-23",
  "deed_book": "07454",
  "deed_page": "03192",
  "sale_price_cents": "775000",
  "sales_code": "A",
  "owner_mailing_street": "32 Freedom Ln",
  "owner_mailing_city_state_zip": "Somerset, Nj 08873",
  "mun_name": "RARITAN BORO",
  "calc_acre": "0.206600",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "739",
  "fac_name": null,
  "centroid_lon": -74.63484353269811,
  "centroid_lat": 40.56745218198007
}

SR1A

[
  {
    "id": "c809b27b-c5b3-4d22-8ed9-f457a339035a",
    "property_id": null,
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2022-06-23",
    "date_recorded": "2022-06-30",
    "sale_price_cents": "77500000",
    "sr1a_year": 2022,
    "source": "sr1a"
  },
  {
    "id": "2a1a4d3b-a387-41b8-955a-0977e2a1e090",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": "7454",
    "deed_page": "3192",
    "deed_date": "2022-06-23",
    "date_recorded": "2022-06-23",
    "sale_price_cents": "77500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "ee5d8d28-9347-4c6b-b87b-7eefa04fb0de",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": "07454",
    "deed_page": "03192",
    "deed_date": "2022-06-23",
    "date_recorded": "2022-06-23",
    "sale_price_cents": "775000",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "baa39bb0-2ade-42f1-b546-6f5672e8c69c",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": "2058",
    "deed_page": "282",
    "deed_date": "1996-05-01",
    "date_recorded": "1996-05-01",
    "sale_price_cents": "33250000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "4313867d-72b4-49aa-8620-91ce019bb0ae",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": null,
    "date_recorded": "1996-05-01",
    "sale_price_cents": "33250000",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "a3a74baf-703b-4ca7-b53d-5170bc0fba22",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": null,
    "date_recorded": "1985-04-11",
    "sale_price_cents": "18000000",
    "sr1a_year": null,
    "source": "taxdatahub"
  },
  {
    "id": "17a30d52-7994-4cdc-a770-afa8ad054913",
    "property_id": "1148dbad-c0c5-449b-942d-ab008c001a49",
    "county_code": "18",
    "district_code": "16",
    "block": "90",
    "lot": "22",
    "qualifier": "",
    "deed_book": "1539",
    "deed_page": "697",
    "deed_date": "1985-04-11",
    "date_recorded": "1985-04-11",
    "sale_price_cents": "18000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 38-44 W Somerset St, Raritan Boro, NJ last sold?: The most recent recorded sale was in 2022 for $775,000.
What is the assessed value of 38-44 W Somerset St, Raritan Boro, NJ?: The total municipal assessment is $595,100 (land plus improvements).
What is 38-44 W Somerset St, Raritan Boro, NJ worth?: Our model estimates a market value of $867,265, derived from comparable recorded sales nearby.
How many units does 38-44 W Somerset St, Raritan Boro, NJ have?: Records show 1 dwelling unit at 38-44 W Somerset St, Raritan Boro, NJ.
What kind of property is 38-44 W Somerset St, Raritan Boro, NJ?: MOD-IV classifies it as Commercial (class 4A). Year built: 1960.

Address	Sold	Price
85 W Somerset St	1/9/2026	$1,375,000
16 Frelinghuysen Avenue	6/7/2024	$1,055,000

Sales history

6/30/2022$775,000
SR1A 2022
6/23/2022$775,000
MOD-IV (Rutgers)Bk 7454 / Pg 3192
6/23/2022$7,750
TaxDataHubBk 07454 / Pg 03192
5/1/1996$332,500
MOD-IV (Rutgers)Bk 2058 / Pg 282
5/1/1996$332,500
TaxDataHub
4/11/1985$180,000
TaxDataHub
4/11/1985$180,000
MOD-IV (Rutgers)Bk 1539 / Pg 697

Date	Price	Book / Page	Source
6/30/2022	$775,000	—	SR1A 2022
6/23/2022	$775,000	7454 / 3192	MOD-IV (Rutgers)
6/23/2022	$7,750	07454 / 03192	TaxDataHub
5/1/1996	$332,500	2058 / 282	MOD-IV (Rutgers)
5/1/1996	$332,500	—	TaxDataHub
4/11/1985	$180,000	—	TaxDataHub
4/11/1985	$180,000	1539 / 697	MOD-IV (Rutgers)