Welcome to 31 Morgan Lane, a building located in Somerset in Bridgewater, 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 1960.
Finally, 31 Morgan Lane was most recently sold on Aug 17, 2023 for $217,500.
The market value for the land that the building sits on has been listed at $85,422.
In addition, improvements upon the building have an added value of $89,652.
In total, the total market value of the property as a whole is $175,074.
According to local assessors, the total value of the building is currently valued at $169,700.
Specifically, the value of the land that the property sits on has been assessed at $82,800.
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.
More About The Building
In total, the building area is listed as 1,125 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.
The building class code for 31 Morgan 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 08807 area have a median price of $2,800.
Those in the 25th percentile, have a price around $2,600.
While those in the 75th percentile, have a price around $3,575.
Typically, the buildings in this area have a median sqft of 2,400.
That means that the median price per sqft is around $1.
In other words, the price per sqft for buildings in the 25th percentile is $1.
While the price per sqft for buildings in the 75th percentile is $1.
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 7 two bedroom listings.
The median price for these types of listings is $2,600.
- There are currently a total of 7 three bedroom listings.
The median price for these types of listings is $3,500.
That's $1.46 price per sqft.
- There are currently a total of 2 four bedroom listings.
The median price for these types of listings is $3,950.
About The Area
31 Morgan Lane is located in 08807.
There are 38,998 people living here.
There are 13,126 households.
Most of these households have an average family size of 3.42 people.
According to the census, 18% are currently renting while 82% own their homes.
The median age of this population is around 41.7 years old.
On average, most folks in the zipcode are married.
About 34% of folks speak a language other than English in this area.
The area's employment rate is currently around 64.3%.
Speaking of employment, the median income is $115,974.
Most folks will commute by car for around 31.0 minutes.
Finally, we know that 19% of residents in the area have graduated with their high school degree.
Additionally, 30% and 27% 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.
Finally, let's take a look at the stats related to New York - Newark, NY - NJ - CT Urban Area.
The urban area is home to 18,812,161 people.
A total of 6,707,347 households are registered here.
With average family sizes being listed at 3.42 people.
About 25% of residents have graduated with a high school degree.
Of the rest, 22% have their Bachelor's and 16% have their Master's degree.
Folks speaking a language other than English, make up about 40% of the population.
Speaking of your commute, 59.7% of people in this area are employed.
The recorded median income is currently at $68,319 per year.
The median population age has been listed at 37.8 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 50% of the population while homeowners are at about 50% of the population.
