166 Victor Street, Somerset, NJ 08873

Somerset
Building in 08873
100 Stories
Built in 1950
166 Victor St Unit 2 - Photo 1
$1,900
|
1 Bed
|
1 Bath
By ANA DEBORAH OFSIEVICH
Welcome to 166 Victor Street, 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. The building itself was built in 1950. This is a relatively tall building with a total of 100 floors. Finally, 166 Victor Street was most recently sold on Nov 6, 2020 for $394. The market value for the land that the building sits on has been listed at $192,661. In addition, improvements upon the building have an added value of $124,913. In total, the total market value of the property as a whole is $317,574. According to local assessors, the total value of the building is currently valued at $321,100. Specifically, the value of the land that the property sits on has been assessed at $194,800. 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
Year Built
1950
Effective Year Built
1950
Bedroom Count
0
Building Condition
0
Building Quality
0
Construction Type
6
Building Style
0
Exterior Walls Type
0
Interior Walls Type
0
Roof Shape Type
0
Roof Cover Type
0
Floor Count
100
Floor Cover
0
Basement Type
0
Basement Area
0
Garage Type
0
Parking Space Count
0
Patio Type
0
Porch Type
0
Pool Type
0
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
0
Property Class
R
Land Acres
0000000172
Standard Land Use Code
1001
County Land Use Code
2
Legal Description 1
ADDITIONAL LOTS: L16-17
Neighborhood
School District Name
Franklin Township School District
Census Tract
053300
Census Block Code
1007
Census Group
1
Census Year
2025
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
340350533001007
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
3419130
Census Source
US Census Bureau
Census State FIPS
34
Census Tract Code
053300
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
R7
Geography
Assessors Map Reference
TAX MAP 7901
District
08
Parcel
08 00143-0000-00015
Block
143
Lot
15
Municipality
FRANKLIN TWP
Latitude
40.4879
Longitude
-74.4796
FIPS
34035
Geo Status Code
P
Valuation
Timestamp
2024-02-22 04:34:44
UCID Flag
C
More About The Building
In total, the building area is listed as 1,498 square feet. The depth of the property lot was measured at 1,000 square feet and the front at 750 square feet. 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. From what we gather, the control joints used in the construction of this particular building for contraction purposes were made of . The building class code for 166 Victor Street 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 $3,100. Those in the 25th percentile, have a price around $2,750. While those in the 75th percentile, have a price around $3,500. Typically, the buildings in this area have a median sqft of 1,575. That means that the median price per sqft is around $24. In other words, the price per sqft for buildings in the 25th percentile is $22. While the price per sqft for buildings in the 75th percentile is $25. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 2 one bedroom listings. The median price for these types of listings is $1,900.
  • There are currently a total of 26 two bedroom listings. The median price for these types of listings is $2,750. That's $22.10 price per sqft.

  • There are currently a total of 31 three bedroom listings. The median price for these types of listings is $3,400. That's $24.19 price per sqft.

  • There is currently a single advertised four bedroom listing. The median price for these types of listings is $8,000. That's $22.86 price per sqft.
About The Area
166 Victor Street 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
$1,900
1BR Median Rent
$2,750
2BR Median Rent
$3,400
3BR Median Rent