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3 Somerset Ln

Edgewater, NJ 07020

2 bd 3 ba 1,895 sqft townhomes
Most recent sale
$1,500,000
Apr 23, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 23, 2024 Sold $1,500,000 HudsonCounty
Apr 5, 2024 Listing removed NewJerseyMLS
Dec 13, 2023 Listing removed NewJerseyMLS
Dec 12, 2023 Listed $1,650,000 NewJerseyMLS
Dec 12, 2023 Listing removed $1,650,000 HudsonCounty
Dec 5, 2023 Price changed $1,650,000 NewJerseyMLS
Sep 14, 2023 Listed $1,695,000 NewJerseyMLS
Sep 6, 2023 Listing removed NewJerseyMLS
Aug 25, 2023 Listing removed HudsonCounty
Jul 21, 2023 Price changed $1,700,000 NewJerseyMLS
Jun 15, 2023 Price changed $1,750,000 NewJerseyMLS
May 27, 2023 Listing removed GardenState
May 26, 2023 Listed $1,799,000 NewJerseyMLS
May 26, 2023 Listing removed HudsonCounty
May 4, 2023 Price changed $1,825,000 GardenState
Apr 6, 2023 Listed $1,899,000 GardenState
Mar 20, 2020 Sold $1,750,000 Public Record
Jan 22, 2020 Listing removed $2,198,800 NewJerseyMLS
May 3, 2019 Listing removed NewJerseyMLS
Sep 4, 2018 Price changed $2,198,800 NewJerseyMLS
Jun 19, 2018 Price changed $2,148,800 NewJerseyMLS
Mar 15, 2017 Listed $2,148,800 NewJerseyMLS

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $1,263,400 $385,000 $1,648,400 $27,116
2024 $1,263,400 $385,000 $1,648,400 $25,519
2023 $1,208,200 $360,000 $1,568,200 $25,044
2022 $1,220,700 $375,000 $1,595,700 $25,722
2021 $734,700 $246,200 $980,900 $22,099
2020 $584,700 $246,200 $830,900 $16,161
2019 $584,700 $246,200 $830,900 $15,753
2018 $384,700 $246,200 $630,900 $11,564

Property facts

Year built
Property type
townhomes
Stories
2
Beds
2
Baths
3
Living area
1,895 sqft
Lot size
ZIP code
07020
City
Edgewater
Street
Somerset Ln
Coordinates
40.80129, -73.99254

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$9,000
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 3 Somerset Ln last sell?
3 Somerset Ln most recently sold on Apr 23, 2024 for $1,500,000.
What is the current tax assessment for 3 Somerset Ln?
The most recent total assessment for 3 Somerset Ln (year 2025) is $1,648,400 with $27,116 in property tax.
How does 3 Somerset Ln's assessment compare to its last sale price?
The current assessment is 9.9% above the last sale price of $1,500,000.
When was 3 Somerset Ln built?
The year built for 3 Somerset Ln is not in our records.
How does 3 Somerset Ln compare to others on Somerset Ln?
We track 8 other properties on Somerset Ln. Browse the list under "Other properties on Somerset Ln" to compare beds, baths, and sale history.
What are the property facts for 3 Somerset Ln?
3 Somerset Ln is a 2 bed, 3 bath, 1,895 sqft townhomes.
Is 3 Somerset Ln a flip candidate?
No — 3 Somerset Ln does not appear in our flips dataset.
Is 3 Somerset Ln a tax-appeal candidate?
No — 3 Somerset Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.2%
Implied 1-yr
+13.0%
2026 Q3
$1.2M
2026 Q4
$1.2M
ZIP 07020 — Median Price History + Forecast

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