by RHP Realty

See Home Value
Somerset 08873
74 Gates Road
$950,000
● House - Off Market

74 Gates Road

Franklin, NJ 08873
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,200 Ft²
$5,657
Est. Monthly
3.75%
Cap Rate

About This Property

This 3200 sq. ft. custom pre-fab home, nestled on almost a 1 acre lot, offers a blend of luxury and tranquility with a tree-lined backyard, wraparound porch, gazebo, for outdoor enjoyment. Inside,the home features a dramatic 2 story foyer with elegant crown molding, a stunning chandelier, and hardwood floors, creating a grand entrance. The formal dining room, w/ carpeted floors, arched entryways, and French doors, exudes sophistication, while the adjacent living room enhances the home's charm. The spacious eat-in kitchen is a chef's paradise with stainless steel appliances, granite countertops, an undermount sink, tile backsplash, walk-in pantry, cherry hardwood floors & cabinetry, with sliders that lead to the rear deck. The family room features a gas fireplace w/mantel, built-in benches, and large windows that flood the space with natural light, with sliders opening to the wraparound porch. The curved staircase, leads to the 2nd floor reveals laminate flooring and a primary bedroom suite, complete with a fireplace, a large closet with organizers, and an en-suite bathroom with a dual vanity, soaking tub & linen closet. 3 additional bedrooms & a main bathroom complete this level, providing ample space for family and guests. The finished basement is a haven for entertainment, w/recessed lighting, carpeting,sauna, fireplace, wet bar, powder room, and abundant storage space, with Bilco door for outdoor access. Wrapped in vinyl siding & featuring 2 sheds & a paved driveway,
Unit Size
3,200 Ft²
Days on Market
174 days
Land Size
0.90 acres
Price per sqft
$291
Property Type
House
Property Taxes
$1,091
HOA Dues
-
Year Built
1995

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Last updated: 2 years ago (CJMLS #2508297R)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Sold
May 1, 2025 In contract -
In contract
Feb 28, 2025 Relisted $929,900
Relisted
Feb 1, 2025 No longer available -
No longer available
Jan 18, 2025 Listed by BHHS FOX & ROACH REALTORS $929,900
Listed by BHHS FOX & ROACH REALTORS
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 66,700
  • Lot Size Depth Feet: 5,800
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 2,958
  • Building Area: 2,958
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,958
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001531
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 78
  • District: 08
  • Parcel: 08 00386- 08-00074- 04
  • Block: 386.08
  • Lot: 74.04
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5005
  • Longitude: -74.5084

    Address

  • Full Address: 74 Gates Rd
  • Address - House Number: 74
  • Address - Street Name: Gates
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C005
  • 4-Digit Zip Code: 2258
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,256,502

    Appraisal Valuation

  • Standard Deviation: 0.143
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 797,422
  • High Value: 911,493
  • Low Value: 683,350

    Market Valuation

  • Market Total Value: $643,556
  • Market Land Value: $266,838
  • Market Improvement Value: $376,718

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $650,700
  • Assessed Land Value: $269,800
  • Assessed Improvements Value: $380,900

    Sales

  • Current Sale Contract Date: Jun 25, 2019
  • Current Sale Recording Date: Jul 30, 2019
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019027332
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Somerset


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6 Flower Rd, Franklin Twp., 08873-3319

$3,800 /mo

  • 3 Beds
  • 2 Baths
6 Flower Rd, Franklin Twp., 08873-3319 Listing by LOUIS G. BARROOD
Unit for rent at 68 Ellison Rd, Franklin Twp., 08873-2256

$3,900 /mo

  • 3 Beds
  • 3 Baths
68 Ellison Rd, Franklin Twp., 08873-2256 Listing by GIANNA MANGIONE-MAGYAR


Frequently Asked Questions

When was property at 74 Gates Road built and last sold?
The property at 74 Gates Road was built in 1995 and last sold on Jun 25, 2019 for $555,000.
How much is this home worth?
The estimated value of the home located at 74 Gates Road is $948,429.
What are some comparable homes to 74 Gates Road?
There are currently no comparable homes to 74 Gates Road.