See Home Value
Somerset 08873
340 Demott Lane
$306,278*
House - Off Market

340 Demott Lane

Franklin, NJ 08873
bedrooms
2 Beds
bathrooms
1 Bath
$239,000 - $291,000
Reference Base Price*
15.58%
Since Aug 1, 2021
National-US
Primary Model
Sold Oct 08, 2021
$317,000
$297,000 by Rocket Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Nov 15, 2013
$192,000
$185,592 by M & T Bank
Mortgage Due Dec 01, 2043

About This Property

Possibilities Abound In This Charming Cape On Large Property. Enjoy The View Of Your Private Backyard From Your Deck. Beautiful Hardwood Floors. Brick Fireplace. Tiled Breezeway. Paver Block Patio. Extra Large Driveway. Many Upgrades Such As Newer Roof, Newer Well System And Newer Boiler. Truly A Must See. Do Not Miss This Opportunity.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$5,503
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold to Lance Boyd, Sital Boyd $317,000
Sold to Lance Boyd, Sital Boyd
Sep 3, 2021 Sold $317,000
Sold
Jul 13, 2021 No longer available -
No longer available
Jun 23, 2021 Listed $265,000
Listed
Nov 15, 2013 Sold to Marlene M Dechert $192,000
Sold to Marlene M Dechert

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 44,370
  • Lot Size Depth Feet: 4,350
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 1,128
  • Building Area: 1,128
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,128
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.019
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BOYD LANCE
  • Current Owner 2: BOYD SITAL
  • Previous Owner : DECHERT MARLENE
  • Previous Owner 2: RODRIGUEZ JANETTE
  • Owner Before Previous Owner: PURCELL HUGH
  • Owner Before Previous Owner 2: PURCELL BRIDGET
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 054302

Zoning

  • Zoning: R40

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 08
  • Parcel: 08 00386- 08-00059
  • Block: 386.08
  • Lot: 59
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5031
  • Longitude: -74.5137

    Address

  • Full Address: 340 Demott Ln
  • Address - House Number: 340
  • Address - Street Name: Demott
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C005
  • 4-Digit Zip Code: 4925
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,606

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 402,467
  • High Value: 465,847
  • Low Value: 339,088

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $297,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $297,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $338,345
  • Market Land Value: $260,311
  • Market Improvement Value: $78,034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,100
  • Assessed Land Value: $263,200
  • Assessed Improvements Value: $78,900

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859458664
  • Current Sale Price: $317,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021060001
  • Previous Sale Recording Date: Nov 15, 2013
  • Previous Sale Contract Date: Nov 05, 2013
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $297,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: M & T BANK
  • Previous Mortgage Transaction Date: Nov 15, 2013
  • Previous Mortgage Loan Amount: $185,592
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Somerset


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Frequently Asked Questions

When was property at 340 Demott Lane built and last sold?
The property at 340 Demott Lane was built in 1920 and last sold on Aug 30, 2021 for $317,000.
How much is this home worth?
The estimated value of the home located at 340 Demott Lane is $267,650.
What are some comparable homes to 340 Demott Lane?
There are currently no comparable homes to 340 Demott Lane.

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