2 months on rocket

351 Somerset St, New Brunswick, NJ, 08901

$999,999

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths, 1 Partial
Multi

Location

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351 Somerset St, New Brunswick$999,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAttached, Detached, 4(+)Car Parking
Attached Garage4 spaces
Year Built2022
HeatingHeat Pump, Zoned, Steam
MLS #2560526M
Lot Size0.23 Acres
StatusActive

About 351 Somerset St

Fabulous two-unit investment property on oversized lot certified by the city to accommodate 13 individuals (8 in the front house and 5 in the back house). First thing to know is there are 2 separate, self-sufficient buildings on this lot. The back building, built in 2022, is certified for 5 occupants. Unit B is over 4 car garages. 2 of them have 10 ft high doors and are heated and cooled. This is perfect for additional rental income, work space or temperature controlled storage income. The second floor has a beautiful self-sufficient 2 bed 2 bath apartment. This unit faces a large back yard surrounded by a paver driveway and patio with outdoor furniture. The second floor also offers a deck off the living room and gas fireplace. Unit A in the front is also self-sufficient and is certified for 8 occupants. It has 4 bedrooms, a full basement, enclosed porch. This property has been owner occupied for many many years and is very well maintained. This is perfect for an owner occupant who can live in one unit and rent the other, multi-generational living or students. Also, there is plenty of off-street parking which is high demand. Additional rental income from the garages is a huge plus. This property is not registered with New Brunswick Rent Control, so you set the rents you feel the market will support.

Property Details

Property Features

Property Information:

  • Year Built: 2022
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX CLASSIC GROUP

Interior Features

Interior Information:

  • Appliances: Water Heater, Range, Oven, Refrigerator
  • Interior: Unit 1(2 Bedrooms, 2+ Baths, Kitchen, Laundry Hookup, Living Room, See Remarks), Unit 2(1 1/2 Baths, 3 Bedrooms, Dining Room, Kitchen, Laundry Hookup, Living Room, See Remarks)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio, Porch(es) - Enclosed

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Attached, Detached, 4(+)Car Parking

Virtual/3D Tour

  • Virtual Tour: 351 Somerset St
Virtual Tour

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Zoned, Steam

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,999

Tax Information:

  • Annual Amount: $5,756
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Brunswick, NJ.

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New Brunswick, NJ

City

Med. Sold Price

$411K

Med. Price/SqFt

$314

Avg. Days On Market

21

# of Sold Homes

10

351 Somerset St vs New Brunswick

63 DAYS ON ROCKET

+42 Days

$999,999

+$588.9K More

KEY TAKEAWAY

This property is $588.9K more than the Median Sold Price in New Brunswick, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2560526M

Listing Office:

  • Office Name: RE/MAX CLASSIC GROUP

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,756$311,700
2019$8,773$311,700
2018$8,773$370,500
2017$8,425$370,500

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-865819
2
/10

  • A.C. Redshaw Elemmentary School

  • 216 Livingston Ave

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-865820
2
/10

  • Livingston Elemmentary School

  • 206 Delavan St

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-865821
2
/10

  • Roosevelt Elemmentary School

  • 83 Livingston Ave

  • 0.64 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,381. Typical income of New Brunswick, NJ residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Middlesex County›New Brunswick›08901›351 Somerset St

This home is located at 351 Somerset St in New Brunswick, NJ and zip code 08901. This home, which was built in 2022, sits on a 0.23 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $999,999.

While more than 5 listings in New Brunswick, NJ in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. While the average time on the market in November 2024 was 21 days, the median list price was $411,000.

From Rocket Homes Real Estate and based on county public records data.

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