131 Observatory Rd
Lebanon, NJ 08826
3 bd 1 ba 1,790 sqft Built 1939 Lot 42,253 sqft single_family
Most recent sale
$200,000
Aug 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 23, 2022 | Sold | $200,000 | MLS #3789898 |
| Jun 17, 2022 | Listed | $249,999 | MLS #3789898 |
| Mar 16, 2022 | Listed | $294,000 | MLS #3769335 |
| Oct 19, 2015 | Listing removed | $99,000 | GardenState |
| Sep 4, 2015 | Price changed | $99,000 | MLS #3216295 |
| May 30, 2015 | Price changed | $120,000 | MLS #3216295 |
| Apr 24, 2015 | Listed | $150,000 | MLS #3216295 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $117,500 | $139,100 | $256,600 | $7,618 |
| 2024 | $117,500 | $139,100 | $256,600 | $7,095 |
| 2023 | $114,500 | $139,100 | $253,600 | $6,811 |
| 2022 | $114,500 | $139,100 | $253,600 | $6,484 |
| 2021 | $114,500 | $139,100 | $253,600 | $6,251 |
| 2020 | $114,500 | $139,100 | $253,600 | $6,038 |
| 2019 | $100,800 | $85,800 | $186,600 | $5,495 |
| 2018 | $100,800 | $85,800 | $186,600 | $5,504 |
| 2017 | $100,800 | $85,800 | $186,600 | $5,336 |
| 2016 | $62,400 | $85,800 | $148,200 | $4,102 |
| 2015 | $77,300 | $107,300 | $184,600 | $4,886 |
| 2014 | $77,300 | $107,300 | $184,600 | $4,712 |
| 2013 | $77,300 | $107,300 | $184,600 | $4,751 |
| 2012 | $77,300 | $107,300 | $184,600 | $4,292 |
| 2011 | $77,300 | $107,300 | $184,600 | $4,377 |
| 2010 | $77,300 | $107,300 | $184,600 | $4,412 |
| 2009 | $77,300 | $107,300 | $184,600 | $4,498 |
| 2008 | $77,300 | $107,300 | $184,600 | $4,419 |
| 2007 | $77,300 | $107,300 | $184,600 | $4,428 |
Property facts
Year built
1939
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
1,790 sqft
Lot size
42,253 sqft
ZIP code
08826
City
Lebanon
Street
Observatory Rd
Coordinates
40.68276, -74.90711
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,200
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 131 Observatory Rd last sell?
131 Observatory Rd most recently sold on Aug 23, 2022 for $200,000.
What is the current tax assessment for 131 Observatory Rd?
The most recent total assessment for 131 Observatory Rd (year 2025) is $256,600 with $7,618 in property tax.
How does 131 Observatory Rd's assessment compare to its last sale price?
The current assessment is 28.3% above the last sale price of $200,000.
When was 131 Observatory Rd built?
131 Observatory Rd was built in 1939.
How does 131 Observatory Rd compare to others on Observatory Rd?
We do not currently track other properties on Observatory Rd.
What are the property facts for 131 Observatory Rd?
131 Observatory Rd is a 3 bed, 1 bath, 1,790 sqft, 42,253 sqft lot single_family.
Is 131 Observatory Rd a flip candidate?
No — 131 Observatory Rd does not appear in our flips dataset.
Is 131 Observatory Rd a tax-appeal candidate?
Yes — 131 Observatory Rd appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.0%
Implied 1-yr
+19.9%
2026 Q3
$588.6K
2026 Q4
$610.7K
ZIP 08826 — Median Price History + Forecast
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Geography