3 Somerset Ln
Edgewater, NJ 07020
4 bd 3 ba 3,461 sqft condos
Most recent sale
$3,960,863
May 7, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 12, 2024 | Listing removed | — | NewJerseyMLS |
| Jan 23, 2024 | Listed | $3,680,000 | HudsonCounty |
| Dec 24, 2023 | Listing removed | — | NewJerseyMLS |
| Nov 6, 2023 | Price changed | $3,888,888 | NewJerseyMLS |
| Jun 23, 2023 | Listed | $4,100,000 | NewJerseyMLS |
| May 7, 2021 | Sold | $3,960,863 | Public Record |
| Jul 23, 2018 | Listing removed | $1,518,800 | NewJerseyMLS |
| Jul 5, 2018 | Listed | $1,518,800 | NewJerseyMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $3,785,400 | $385,000 | $4,170,400 | $68,603 |
| 2024 | $3,785,400 | $385,000 | $4,170,400 | $64,723 |
| 2023 | $3,619,900 | $360,000 | $3,979,900 | $63,559 |
| 2022 | $3,517,600 | $375,000 | $3,892,600 | $62,748 |
| 2021 | $503,900 | $194,000 | $697,900 | $15,723 |
| 2020 | $503,900 | $194,000 | $697,900 | $13,574 |
| 2019 | $503,900 | $194,000 | $697,900 | $13,232 |
| 2018 | $303,900 | $194,000 | $497,900 | $9,126 |
Property facts
Year built
—
Property type
condos
Stories
—
Beds
4
Baths
3
Living area
3,461 sqft
Lot size
—
ZIP code
07020
City
Edgewater
Street
Somerset Ln
Coordinates
40.80186, -73.99243
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$23,765
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 May 7, 2021 for $3,960,863.
What is the current tax assessment for 3 Somerset Ln?
The most recent total assessment for 3 Somerset Ln (year 2025) is $4,170,400 with $68,603 in property tax.
How does 3 Somerset Ln's assessment compare to its last sale price?
The current assessment is 5.3% above the last sale price of $3,960,863.
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 4 bed, 3 bath, 3,461 sqft condos.
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 valuationQuarterly trend
+3.2%
Implied 1-yr
+13.0%
2026 Q3
$1.2M
2026 Q4
$1.2M
ZIP 07020 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ln