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Somerset 07920
4 Raritan Pl
$1,430,000
● House - Off Market

4 Raritan Pl

Bernards Twp., NJ 07920
bedrooms
4 Beds
bathrooms
2.1 Baths
$6,409
Est. Monthly
$50
HOA / Fees
4.49%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$50
Year Built
2001

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (GSMLS #3911554)

Price History

Date / Event Date Event Price
Sep 18, 2024 Sold
Premium
Sold
Aug 3, 2024 In contract -
In contract

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • 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

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 3,469
  • Building Area: 3,469
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,469
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: RICHMOND PROV

Neighborhood

  • School District Name: Bernards Township School District
  • Census Tract: 052605

Zoning

  • Zoning: PRD5

Geography

  • Assessors Map Reference: TAX MAP 66
  • District: 02
  • Parcel: 02 10901-0000-00027
  • Block: 10901
  • Lot: 27
  • Municipality: BERNARDS TWP
  • Latitude: 40.6461
  • Longitude: -74.6098

    Address

  • Full Address: 4 Raritan Pl
  • Address - House Number: 4
  • Address - Street Name: Raritan
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Basking Ridge
  • Carrier Code: R008
  • 4-Digit Zip Code: 4227
  • Zip Code: 07920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,965,401

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,168,006
  • High Value: 1,328,429
  • Low Value: 1,007,583

    Market Valuation

  • Market Total Value: $1,040,747
  • Market Land Value: $313,892
  • Market Improvement Value: $726,855

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,042,100
  • Assessed Land Value: $314,300
  • Assessed Improvements Value: $727,800

    Sales

  • Current Sale Contract Date: Apr 20, 2001
  • Current Sale Recording Date: Apr 23, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Somerset

Stats & Trends

Median Asking:

$627,000

Sale Price/ft²

$340

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1055 ft²

Average Home Age

38.5 years

Currently For Sale

720 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GSMLS

Last Updated: 3 years ago
Data Source: GSMLS, MLS# 3911554
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 4 Raritan Place built and last sold?
The property at 4 Raritan Place was built in 2001 and last sold on Apr 20, 2001 for $623,654.
How much is this home worth?
The estimated value of the home located at 4 Raritan Place is $1,307,950.
What are some comparable homes to 4 Raritan Place?
There are currently no comparable homes to 4 Raritan Place.
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