16 Lake Ave
Franklin, NJ 08873
4 bd 2 ba 1,517 sqft Built 1955 Lot 10,799 sqft single_family
Most recent sale
$305,000
Jul 29, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 12, 2024 | Sold | $590,000 | AllJerseyMLS |
| Oct 25, 2024 | Relisted | $580,000 | GardenState |
| Oct 1, 2024 | Listed | $580,000 | AllJerseyMLS |
| Dec 5, 2022 | Sold | $485,000 | GardenState |
| Sep 17, 2022 | Listed | $499,999 | MLS #3807928 |
| Jul 29, 2021 | Sold | $305,000 | MLS #2119191R |
| Jun 18, 2021 | Listed | $299,000 | MLS #3721213 |
| Jun 17, 2021 | Listed | $299,000 | MLS #2119191R |
| Jan 13, 1993 | Sold | $131,000 | Public Record |
| Jan 1, 1983 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $314,000 | $310,900 | $624,900 | $11,004 |
| 2024 | $314,000 | $310,900 | $624,900 | $9,578 |
| 2023 | $214,800 | $255,500 | $470,300 | $9,123 |
| 2022 | $202,900 | $225,500 | $428,400 | $8,773 |
| 2021 | $202,900 | $175,500 | $378,400 | $8,435 |
| 2020 | $202,900 | $165,500 | $368,400 | $8,425 |
| 2019 | $202,900 | $145,500 | $348,400 | $8,076 |
| 2018 | $202,900 | $115,500 | $318,400 | $7,457 |
| 2017 | $202,900 | $115,500 | $318,400 | $7,486 |
| 2016 | $202,900 | $115,500 | $318,400 | $7,549 |
| 2015 | $202,900 | $115,500 | $318,400 | $7,498 |
| 2014 | $202,900 | $115,500 | $318,400 | $7,387 |
| 2013 | $202,900 | $115,500 | $318,400 | $7,285 |
| 2012 | $202,900 | $115,500 | $318,400 | $7,040 |
| 2011 | $202,900 | $115,500 | $318,400 | $6,763 |
| 2010 | $197,300 | $115,500 | $312,800 | $6,250 |
| 2009 | $197,300 | $135,500 | $332,800 | $7,782 |
| 2008 | $247,900 | $146,300 | $394,200 | $7,781 |
| 2007 | $247,900 | $146,300 | $394,200 | $7,596 |
Property facts
Year built
1955
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,517 sqft
Lot size
10,799 sqft
ZIP code
08873
City
Franklin
Street
Lake Ave
Coordinates
40.48905, -74.50057
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
$2,276
Gross rental yield
8.95%
Implied cap rate
5.82%
Trend-extrapolated value
—
Frequently asked questions
When did 16 Lake Ave last sell?
16 Lake Ave most recently sold on Jul 29, 2021 for $305,000.
What is the current tax assessment for 16 Lake Ave?
The most recent total assessment for 16 Lake Ave (year 2025) is $624,900 with $11,004 in property tax.
How does 16 Lake Ave's assessment compare to its last sale price?
The current assessment is 104.9% above the last sale price of $305,000.
When was 16 Lake Ave built?
16 Lake Ave was built in 1955.
How does 16 Lake Ave compare to others on Lake Ave?
We track 3 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 16 Lake Ave?
16 Lake Ave is a 4 bed, 2 bath, 1,517 sqft, 10,799 sqft lot single_family.
Is 16 Lake Ave a flip candidate?
Yes — 16 Lake Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 16 Lake Ave a tax-appeal candidate?
No — 16 Lake Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.6%
Implied 1-yr
-2.3%
2026 Q3
$505.9K
2026 Q4
$502.8K
ZIP 08873 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ave