493 Somerset Ln
Monroe, NJ 08831
2 bd 2 ba 1,260 sqft Built 1980 condos
Most recent sale
$245,000
May 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 16, 2022 | Sold | $245,000 | MLS #2208393R |
| Feb 3, 2022 | Relisted | $239,000 | MLS #2208393R |
| Jan 21, 2022 | Listed | $239,000 | MLS #2208393R |
Tax assessment history
No tax assessment data
No assessment history available for this parcel.
Property facts
Year built
1980
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,260 sqft
Lot size
—
ZIP code
08831
City
Monroe
Street
Somerset Ln
Coordinates
40.32835, -74.47630
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
$1,890
Gross rental yield
9.26%
Implied cap rate
6.02%
Trend-extrapolated value
—
Frequently asked questions
When did 493 Somerset Ln last sell?
493 Somerset Ln most recently sold on May 16, 2022 for $245,000.
What is the current tax assessment for 493 Somerset Ln?
No tax-assessment history is recorded for this parcel.
When was 493 Somerset Ln built?
493 Somerset Ln was built in 1980.
How does 493 Somerset Ln compare to others on Somerset Ln?
We track 2 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 493 Somerset Ln?
493 Somerset Ln is a 2 bed, 2 bath, 1,260 sqft condos.
Is 493 Somerset Ln a flip candidate?
No — 493 Somerset Ln does not appear in our flips dataset.
Is 493 Somerset Ln a tax-appeal candidate?
No — 493 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
-2.2%
Implied 1-yr
-8.8%
2026 Q3
$489.3K
2026 Q4
$476.7K
ZIP 08831 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ln