197 Route 518
Skillman, NJ 08558
3 bd 3 ba 2,203 sqft Built 1953 Lot 57,499 sqft single_family
Most recent sale
$479,000
Jun 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 6, 2022 | Price changed | $535,000 | GardenState |
| Oct 6, 2022 | Price changed for rent | $3,750 | GardenState |
| Aug 30, 2022 | Listed | $540,000 | GardenState |
| Aug 30, 2022 | Listed for rent | $3,950 | GardenState |
| Aug 28, 2022 | Listed | $540,000 | BrightMLS |
| Aug 28, 2022 | Listed for rent | $3,950 | BrightMLS |
| Jun 15, 2022 | Sold | $479,000 | MLS #NJSO2001012 |
| Mar 20, 2022 | Listed | $479,000 | MLS #NJSO2001012 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $163,800 | $278,900 | $442,700 | $15,454 |
| 2024 | $163,800 | $278,900 | $442,700 | $15,175 |
| 2023 | $163,800 | $278,900 | $442,700 | $15,153 |
| 2022 | $163,800 | $278,900 | $442,700 | $14,268 |
| 2021 | $163,800 | $278,900 | $442,700 | $14,144 |
| 2020 | $163,800 | $278,900 | $442,700 | $14,024 |
| 2019 | $163,800 | $278,900 | $442,700 | $13,927 |
| 2018 | $163,800 | $278,900 | $442,700 | $13,599 |
| 2017 | $163,800 | $278,900 | $442,700 | $13,391 |
| 2016 | $163,800 | $278,900 | $442,700 | $13,157 |
| 2015 | $163,800 | $278,900 | $442,700 | $12,864 |
| 2014 | $163,800 | $278,900 | $442,700 | $12,692 |
| 2013 | $163,800 | $278,900 | $442,700 | $12,519 |
| 2012 | $163,800 | $278,900 | $442,700 | $12,178 |
| 2011 | $163,800 | $278,900 | $442,700 | $11,957 |
| 2010 | $163,800 | $278,900 | $442,700 | $11,687 |
| 2009 | $163,800 | $278,900 | $442,700 | $11,558 |
| 2008 | $163,800 | $278,900 | $442,700 | $11,328 |
| 2007 | $163,800 | $278,900 | $442,700 | $10,899 |
Property facts
Year built
1953
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
2,203 sqft
Lot size
57,499 sqft
ZIP code
08558
City
Skillman
Street
Route 518
Coordinates
40.40372, -74.71892
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,305
Gross rental yield
8.28%
Implied cap rate
5.38%
Trend-extrapolated value
—
Frequently asked questions
When did 197 Route 518 last sell?
197 Route 518 most recently sold on Jun 15, 2022 for $479,000.
What is the current tax assessment for 197 Route 518?
The most recent total assessment for 197 Route 518 (year 2025) is $442,700 with $15,454 in property tax.
How does 197 Route 518's assessment compare to its last sale price?
The current assessment is 7.6% below the last sale price of $479,000.
When was 197 Route 518 built?
197 Route 518 was built in 1953.
How does 197 Route 518 compare to others on Route 518?
We track 8 other properties on Route 518. Browse the list under "Other properties on Route 518" to compare beds, baths, and sale history.
What are the property facts for 197 Route 518?
197 Route 518 is a 3 bed, 3 bath, 2,203 sqft, 57,499 sqft lot single_family.
Is 197 Route 518 a flip candidate?
No — 197 Route 518 does not appear in our flips dataset.
Is 197 Route 518 a tax-appeal candidate?
No — 197 Route 518 is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.1%
Implied 1-yr
+8.4%
2026 Q2
$978.2K
2026 Q3
$996.4K
ZIP 08558 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Route 518