705 Somerset St
Franklin Lakes, NJ 07417
Built 1984 Lot 41,382 sqft other
No recorded sales
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 13, 2022 | Sold | $1,175,000 | Public Record |
| Jun 8, 2022 | Price changed | $1,299,000 | MLS #22014107 |
| Apr 25, 2022 | Listed | $1,399,000 | MLS #22014107 |
| Aug 1, 1982 | Sold | $96,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $490,000 | $490,000 | $9,329 |
| 2024 | — | $490,000 | $490,000 | $8,800 |
| 2023 | $589,200 | $490,000 | $1,079,200 | $18,670 |
| 2022 | $589,200 | $490,000 | $1,079,200 | $18,195 |
| 2021 | $589,200 | $490,000 | $1,079,200 | $17,936 |
| 2020 | $589,200 | $490,000 | $1,079,200 | $17,785 |
| 2019 | $589,200 | $490,000 | $1,079,200 | $17,720 |
| 2018 | $589,200 | $490,000 | $1,079,200 | $17,537 |
| 2017 | $589,200 | $490,000 | $1,079,200 | $17,656 |
| 2016 | $589,200 | $490,000 | $1,079,200 | $17,710 |
| 2015 | $589,200 | $490,000 | $1,079,200 | $17,256 |
| 2014 | $589,200 | $490,000 | $1,079,200 | $16,965 |
| 2013 | $589,200 | $490,000 | $1,079,200 | $16,803 |
| 2012 | $589,200 | $490,000 | $1,079,200 | $16,544 |
| 2011 | $589,200 | $490,000 | $1,079,200 | $16,512 |
| 2010 | $696,400 | $737,500 | $1,433,900 | $17,866 |
| 2009 | $696,400 | $737,500 | $1,433,900 | $17,149 |
| 2008 | $696,400 | $737,500 | $1,433,900 | $16,547 |
| 2007 | $696,400 | $737,500 | $1,433,900 | $15,916 |
Property facts
Year built
1984
Property type
other
Stories
—
Beds
—
Baths
—
Living area
—
Lot size
41,382 sqft
ZIP code
07417
City
Franklin Lakes
Street
Somerset St
Coordinates
40.99607, -74.24160
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsFrequently asked questions
When did 705 Somerset St last sell?
No public-record sale is on file for 705 Somerset St.
What is the current tax assessment for 705 Somerset St?
The most recent total assessment for 705 Somerset St (year 2025) is $490,000 with $9,329 in property tax.
When was 705 Somerset St built?
705 Somerset St was built in 1984.
How does 705 Somerset St compare to others on Somerset St?
We track 2 other properties on Somerset St. Browse the list under "Other properties on Somerset St" to compare beds, baths, and sale history.
What are the property facts for 705 Somerset St?
705 Somerset St is a 41,382 sqft lot other.
Is 705 Somerset St a flip candidate?
No — 705 Somerset St does not appear in our flips dataset.
Is 705 Somerset St a tax-appeal candidate?
No — 705 Somerset St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.2%
Implied 1-yr
+0.8%
2026 Q1
$1.64M
2026 Q2
$1.64M
ZIP 07417 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset St