When was 4 Schoolhouse Lane, Somerville Boro, NJ last sold?

The most recent recorded sale was in 1984 for $92,000.

What is the assessed value of 4 Schoolhouse Lane, Somerville Boro, NJ?

The total municipal assessment is $284,700 (land plus improvements).

What is 4 Schoolhouse Lane, Somerville Boro, NJ worth?

Our model estimates a market value of $582,038, derived from comparable recorded sales nearby.

How many units does 4 Schoolhouse Lane, Somerville Boro, NJ have?

Records show 1 dwelling unit at 4 Schoolhouse Lane, Somerville Boro, NJ.

What kind of property is 4 Schoolhouse Lane, Somerville Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1962.

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4 Schoolhouse Lane, Somerville Boro, NJ — owner, sales, deeds · parceldata

4 Schoolhouse Lane

Somerville Boro, NJ·Somerset County

1818·block 83·lot 14

$582,038estimated value

Last sale

$92,000

8/31/1984 · MOD-IV (Rutgers)

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1962

Building size

1,848 sq ft

Lot size

0.14 ac

Land description

60X100

Building description

2SF 1G

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$284,700

Land value

$138,800

Improvement value

$145,900

Last year's tax

$11,613

Last MOD-IV sale

$920

MOD-IV deed date

8/31/1984

Owner mailing address

4 Schoolhouse Ln
Somerville, Nj 08876

Estimated market value

$582,038

range $493,312 – $645,539

moderate confidence

Assessment-implied: $484,184; Director's Ratio 0.5880 (2025)
Comp-implied: $614,656; 30 comparable sales

Estimated value, last 10 years

2016: $304,877 → 2025: $582,038

Based on 30 comparable sales

Address	Sold	Price
385 E Main St	11/10/2025	$650,000
56 Fieldstone Drive	10/30/2025	$635,000

Bordering

200-ft notice list →

200 N. Gaston Ave
Lot 1.01·$341,000
43 Roosevelt Place
Lot 12.02·$337,000
6 Schoolhouse Lane
Lot 13·$287,500
2 Schoolhouse Lane
Lot 15·$304,300

Block 83All of Block 83 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "4 SCHOOLHOUSE LN SOMERVILLE NJ 08876"
    ],
    "zipKeys": [
      "4 SCHOOLHOUSE LN 08876"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1818_83_14",
  "county_code": "18",
  "district_code": "18",
  "block": "83",
  "lot": "14",
  "qualifier": "",
  "property_location": "4 Schoolhouse Lane",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "2SF 1G",
  "land_desc": "60X100",
  "year_built": 1962,
  "living_sqft": 1848,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "13880000",
  "improvement_value_cents": "14590000",
  "net_value_cents": "28470000",
  "last_yr_tx_cents": "1161291",
  "deed_date": "1984-08-31",
  "deed_book": "01517",
  "deed_page": "00147",
  "sale_price_cents": "92000",
  "sales_code": null,
  "owner_mailing_street": "4 Schoolhouse Ln",
  "owner_mailing_city_state_zip": "Somerville, Nj 08876",
  "mun_name": "SOMERVILLE BORO",
  "calc_acre": "0.137700",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.60049376290154,
  "centroid_lat": 40.5734944390409
}

SR1A

[
  {
    "id": "b12f53c2-5487-476d-8f89-c64113267c8c",
    "property_id": "6fb42302-28a7-4ecc-b347-14925edac78b",
    "county_code": "18",
    "district_code": "18",
    "block": "83",
    "lot": "14",
    "qualifier": "",
    "deed_book": "1517",
    "deed_page": "147",
    "deed_date": "1984-08-31",
    "date_recorded": "1984-08-31",
    "sale_price_cents": "9200000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "2a8eddf5-ef74-4678-a9d1-bdee919b73ff",
    "property_id": "6fb42302-28a7-4ecc-b347-14925edac78b",
    "county_code": "18",
    "district_code": "18",
    "block": "83",
    "lot": "14",
    "qualifier": "",
    "deed_book": "01517",
    "deed_page": "00147",
    "deed_date": "1984-08-31",
    "date_recorded": "1984-08-31",
    "sale_price_cents": "92000",
    "sr1a_year": null,
    "source": "taxdatahub"
  }
]

API record·permalink

Frequently asked questions

When was 4 Schoolhouse Lane, Somerville Boro, NJ last sold?: The most recent recorded sale was in 1984 for $92,000.
What is the assessed value of 4 Schoolhouse Lane, Somerville Boro, NJ?: The total municipal assessment is $284,700 (land plus improvements).
What is 4 Schoolhouse Lane, Somerville Boro, NJ worth?: Our model estimates a market value of $582,038, derived from comparable recorded sales nearby.
How many units does 4 Schoolhouse Lane, Somerville Boro, NJ have?: Records show 1 dwelling unit at 4 Schoolhouse Lane, Somerville Boro, NJ.
What kind of property is 4 Schoolhouse Lane, Somerville Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1962.

Sales history

8/31/1984$92,000
MOD-IV (Rutgers)Bk 1517 / Pg 147
8/31/1984$920
TaxDataHubBk 01517 / Pg 00147

Date	Price	Book / Page	Source
8/31/1984	$92,000	1517 / 147	MOD-IV (Rutgers)
8/31/1984	$920	01517 / 00147	TaxDataHub