225 Demott Lane, Somerset, NJ 08873
Somerset
Nearby Active Listings
Welcome to 225 Demott Lane, 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.
There are a total of 2 floors.
Finally, 225 Demott Lane was most recently sold on Apr 20, 1995 for $880,000.
The market value for the land that the building sits on has been listed at $771,437.
In addition, improvements upon the building have an added value of $2,284,640.
In total, the total market value of the property as a whole is $3,056,077.
According to local assessors, the total value of the building is currently valued at $3,090,000.
Specifically, the value of the land that the property sits on has been assessed at $780,000.
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
Building Condition
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Business/Commerical Units Count
13
Building
Property Class
Commercial
Standard Land Use Code
Commercial (general)
County Land Use Code
unknown
Ownership
Current Owner
H H I W INC
Current Owner's Name
225 DEMOTT LANE LLC
Previous Owner
TALPRO 33 L P
Previous Owner's Name
TALPRO 32 L P
Owner Address - City
SHORT HILLS
Owner Address - ZIP Code
07078
Owner Before Previous Owner
CALTON HOMES INC
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Franklin Township School District
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
340350531052009
Census - Metropolitan Division - Area Code
35154
Census - Metropolitan Division - Area Name
New Brunswick-Lakewood, NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3468370
Census Source
US Census Bureau
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
Geography
Assessors Map Reference
TAX MAP 77
Parcel
08 00424- 04-00098
Municipality
FRANKLIN TWP
Mailing Carrier Code
C012
Mailing Full Street Address
5 MARTINDALE RD
Mailing Street
MARTINDALE
Mailing 4-Digit Zip Code
1708
Valuation
Timestamp
2024-02-22 04:32:34
More About The Building
In total, the building area is listed as 5,846 square feet.
The building itself has 5,846 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 225 Demott Lane 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 $3,400.
Those in the 25th percentile, have a price around $2,650.
While those in the 75th percentile, have a price around $3,500.
Typically, the buildings in this area have a median sqft of 1,534.
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 4 three bedroom listings.
The median price for these types of listings is $3,500.
That's $2.35 price per sqft.
- There are currently a total of 2 four bedroom listings.
The median price for these types of listings is $3,500.
About The Area
225 Demott Lane 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.
Nearby Schools
(within attendance boundary)
35 Conerly Road, Somerset, NJ 08873
Public
•
Elementary
•
Grades PK to 5
Franklin Township School District
1649 Amwell Road, Somerset, NJ 08873
Public
•
Middle School
•
Grades 6 to 8
Franklin Township School District
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.