What is the assessed value of 387 William St, Somerville Boro, NJ?

The total municipal assessment is $301,900 (land plus improvements).

What is 387 William St, Somerville Boro, NJ worth?

Our model estimates a market value of $613,304, derived from comparable recorded sales nearby.

How many units does 387 William St, Somerville Boro, NJ have?

Records show 2 dwelling units at 387 William St, Somerville Boro, NJ.

What kind of property is 387 William St, Somerville Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1920.

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387 William St, Somerville Boro, NJ — owner, sales, deeds · parceldata

387 William St

Somerville Boro, NJ·Somerset County

1818·block 79·lot 4

$613,304estimated value

Units

from MOD-IV (2-char max)

Last sale

—

4/19/2022 · SR1A 2022

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

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1920

Building size

1,808 sq ft

Lot size

0.21 ac

Land description

61X147

Building description

2SF 3G

Dwelling / commercial units

2 dw / 0 comm

Tax & Assessment

Net assessed value

$301,900

Land value

$135,700

Improvement value

$166,200

Last year's tax

$12,315

Last MOD-IV sale

MOD-IV deed date

4/12/2022

Owner mailing address

65 Albert Dr
Clinton, Nj 08809

Estimated market value

$613,304

range $518,243 – $708,115

moderate confidence

Assessment-implied: $513,435; Director's Ratio 0.5880 (2025)
Comp-implied: $646,594; 30 comparable sales

Estimated value, last 10 years

2016: $321,255 → 2025: $613,304

Based on 30 comparable sales

Address	Sold	Price
23 W Spring St	12/17/2025	$801,000
171 S Bridge St

Bordering

200-ft notice list →

Sycamore Street
Lot 16
389 William St
Lot 3·$257,400
381 William St
Lot 5·$270,100

Block 79All of Block 79 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 3,
  "portfolioKeys": {
    "fullKeys": [
      "65 ALBERT DR CLINTON NJ 08809"
    ],
    "zipKeys": [
      "65 ALBERT DR 08809"
    ]
  },
  "effective_unit_count": 2,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1818_79_4",
  "county_code": "18",
  "district_code": "18",
  "block": "79",
  "lot": "4",
  "qualifier": "",
  "property_location": "387 William St",
  "property_class": "2",
  "bldg_class": "45",
  "bldg_desc": "2SF 3G",
  "land_desc": "61X147",
  "year_built": 1920,
  "living_sqft": 1808,
  "dwelling_units": 2,
  "comm_dwell": null,
  "land_value_cents": "13570000",
  "improvement_value_cents": "16620000",
  "net_value_cents": "30190000",
  "last_yr_tx_cents": "1231450",
  "deed_date": "2022-04-12",
  "deed_book": "07438",
  "deed_page": "03788",
  "sale_price_cents": "0",
  "sales_code": "A",
  "owner_mailing_street": "65 Albert Dr",
  "owner_mailing_city_state_zip": "Clinton, Nj 08809",
  "mun_name": "SOMERVILLE BORO",
  "calc_acre": "0.205900",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": "000",
  "fac_name": null,
  "centroid_lon": -74.60478942021048,
  "centroid_lat": 40.57262787124561
}

SR1A

[
  {
    "id": "3398a635-4a16-4d93-86fc-0351a4937c56",
    "property_id": null,
    "county_code": "18",
    "district_code": "18",
    "block": "79",
    "lot": "4",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2022-04-12",
    "date_recorded": "2022-04-19",
    "sale_price_cents": null,
    "sr1a_year": 2022,
    "source": "sr1a"
  },
  {
    "id": "5bdd7f5c-c28d-49ad-86a2-c097750e3a2c",
    "property_id": "cb291bfa-fed9-4706-a198-572350653fec",
    "county_code": "18",
    "district_code": "18",
    "block": "79",
    "lot": "4",
    "qualifier": "",
    "deed_book": "7438",
    "deed_page": "3788",
    "deed_date": "2022-04-12",
    "date_recorded": "2022-04-12",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "327c08fb-93b0-4423-b7ac-ce3d522d2621",
    "property_id": "cb291bfa-fed9-4706-a198-572350653fec",
    "county_code": "18",
    "district_code": "18",
    "block": "79",
    "lot": "4",
    "qualifier": "",
    "deed_book": "07438",
    "deed_page": "03788",
    "deed_date": "2022-04-12",
    "date_recorded": "2022-04-12",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxdatahub"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 387 William St, Somerville Boro, NJ?: The total municipal assessment is $301,900 (land plus improvements).
What is 387 William St, Somerville Boro, NJ worth?: Our model estimates a market value of $613,304, derived from comparable recorded sales nearby.
How many units does 387 William St, Somerville Boro, NJ have?: Records show 2 dwelling units at 387 William St, Somerville Boro, NJ.
What kind of property is 387 William St, Somerville Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1920.

Sales history

4/19/2022—
SR1A 2022
4/12/2022$0
MOD-IV (Rutgers)Bk 7438 / Pg 3788
4/12/2022$0
TaxDataHubBk 07438 / Pg 03788

Date	Price	Book / Page	Source
4/19/2022	—	—	SR1A 2022
4/12/2022	$0	7438 / 3788	MOD-IV (Rutgers)
4/12/2022	$0	07438 / 03788	TaxDataHub