1483 State Rte 27, Somerset, NJ 08873

Somerset
Building in 08873
1 Stories
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Welcome to 1483 State Rte 27, a building located in Somerset in Somerset, NJ. As a quick overview, these are the most up-to-date information we've collected about the property. This is a single story building. Finally, 1483 State Rte 27 was most recently sold on Oct 21, 2003 for $1,300,000. The market value for the land that the building sits on has been listed at $1,010,780. In addition, improvements upon the building have an added value of $176,046. In total, the total market value of the property as a whole is $1,186,826. According to local assessors, the total value of the building is currently valued at $1,200,000. Specifically, the value of the land that the property sits on has been assessed at $1,022,000. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
Brick
Building Style
unknown
Exterior Walls Type
Brick
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
1
Living Units
1
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Commercial
Land Acres
1.58
Standard Land Use Code
Commercial (general)
County Land Use Code
unknown
Ownership
Current Owner
VIP MANAGEMENT GROUP LLC
Current Owner's Name
VIP MGMT GROUP LLC
Previous Owner
OMALOS CORP
Previous Owner's Name
FRANKLIN UNIVERSAL REALTY
Owner Address - City
GILLETTE
Owner Address - State
NJ
Owner Address - ZIP Code
07933
Owner Before Previous Owner
FRANKLIN MALL ASSOCIATES
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Franklin Township School District
Census Tract
053405
Census Block Code
1014
Census Group
1
Census Year
2023
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
34035
Census - Full FIPS
340350534051014
Census - Metropolitan Division - Area Code
29484
Census - Metropolitan Division - Area Name
Lakewood-New Brunswick, NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3467820
Census Source
US Census Bureau
Census State FIPS
34
Census Tract Code
053405
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
3405490
School District - Unified - Name
Franklin Township School District
Zoning
Zoning
GB
Geography
Assessors Map Reference
TAX MAP 43
District
08
Parcel
08 00085-0000-00051- 01
Block
85
Lot
51.01
Lot Code
unknown
Municipality
FRANKLIN TWP
Latitude
40.4685
Longitude
-74.4972
FIPS
34035
Mailing Carrier Code
B001
Mailing Full Street Address
PO BOX 14
Mailing Street
PO BOX 14
Mailing 4-Digit Zip Code
0014
Geo Status Code
unknown
Valuation
Timestamp
2024-02-22 04:32:34
UCID Flag
C
More About The Building
In total, the building area is listed as 208 square feet. The building itself has 208 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 1483 State Rte 27 is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the 08873 area have a median price of $3,200. Those in the 25th percentile, have a price around $2,588. While those in the 75th percentile, have a price around $3,525. Typically, the buildings in this area have a median sqft of 1,579. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $2. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently no one bedroom listings being advertised in the area.
  • There are currently a total of 3 two bedroom listings. The median price for these types of listings is $2,400. That's $1.68 price per sqft.

  • There are currently a total of 3 three bedroom listings. The median price for these types of listings is $3,500.
  • There are currently a total of 2 four bedroom listings. The median price for these types of listings is $3,500.
About The Area
1483 State Rte 27 is located in 08873. There are 53,094 people living here. There are 19,398 households. Most of these households have an average family size of 3.28 people. According to the census, 30% are currently renting while 70% own their homes. The median age of this population is around 40.8 years old. On average, most folks in the zipcode are married. About 33% of folks speak a language other than English in this area. The area's employment rate is currently around 61.3%. Speaking of employment, the median income is $87,213. Most folks will commute by car for around 32.8 minutes. Finally, we know that 23% of residents in the area have graduated with their high school degree. Additionally, 27% and 21% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Somerset County, New Jersey has a population of 331,686 people. Based on census records, there are 116,456 registered households. Families in this area are on average made up of 3.36 people per household. Most folks are married. They are also typically around 41.1 years old. Does diversity matter to you? Right now, 30% of folks speak a language other than English here. About 24% rent while 76% purchased their homes. Right now, the community is made up of 21% of residents who have graduated with at least a high school degree. On top of that, 29% have a Bachelor's degree and 24% have a Master's degree. The employment rate is currently around 65.2%. Those employed, have a median income of $102,405. If you move here, you can expect to commute mostly by car for around 31.9 minutes.

-
Studio Median Rent
-
1BR Median Rent
$2,400
2BR Median Rent
$3,500
3BR Median Rent

Nearby Schools

(within attendance boundary)
Hillcrest School  •  1.76 mi
500 Franklin Blvd, Somerset, NJ 08873
Public  •  Elementary  •  Grades PK to 5
Franklin Township School District
415 Francis Street, Somerset, NJ 08873
Public  •  Middle School  •  Grades 6 to 8
Franklin Township School District
Franklin High School  •  4.38 mi
500 Elizabeth Avenue, Somerset, NJ 08873
Public  •  High School  •  Grades 9 to 12
Franklin Township School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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