7 months on rocket

521 Canal Rd, Franklin Twp, NJ, 08873

$649,900

Home List Price

$7,718*

Closing Credit

12 Bedrooms
3 Full Baths, 2 Partial
Multi

Location

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521 Canal Rd, Franklin Township$649,900

Buyer Closing Credits

$7,718*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCrushed Stone, Driveway-Exclusive, Parking Lot-Exclusive
Year Built1850
HeatingBaseboard, Hot Water
CoolingSingle Unit, Central Air
BasementYes
MLS #3894638
Lot Size5.30 Acres
StatusActive

About 521 Canal Rd

Two homes on one lot with parking for 15 cars. Operating as a nonprofit Mental Health Facility for the past 40 years. The first structure/main home is a two story Dutch Colonial with 12 rms consisting of 6 bedrooms, 2.5 baths, kit, din, liv, foyer/library and a walk out basement with two offices. The second structure is a Converted Barn/Office/Dwelling with 13 rooms of which the walk out 1st floor offers: 3 bedrooms, lounge & full bath. The 2nd floor is also ground level (in the front) which is the facilities office space and has a reception area, conference rm, 3 offices/Bedrooms, kitchenette & a half bath. An added bonus to the office space is a spiral staircase leading to a mezzanine overlooking the reception area plus two storage rooms. The third structure is a barn which offers parking for 1 car, 2 horse stalls, a storage room and walk up stairs to the loft which has a game room and arts & crafts room. Dutch Colonial/main home has it's own septic, oil fired boiler with radiators/steam for heat & a propane tank for cooking. The Converted Barn/Office/Dwelling has it's own septic, electric heat on 1st floor walkout, radiant heat in the floors for the office space, CAC (only in the office). The third structure/barn has a ceiling mounted propane heater for the loft. Property includes additional adjoining lot 18.05 located at 1 Miller Farm Rd. Total acres for both lots 5.33. Minutes to Princeton, Somerville & New Brunswick. Easy access to Rts 287, 78, 22 & 1.

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks
  • Year Built: 1850

Listing Office:

  • Office Name: MILLENNIUM 21 REALTY
  • Office Phone: (908) 541-0050

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Exterior: Barn/Stable, Carriage House

Parking Information:

  • Parking: Crushed Stone, Driveway-Exclusive, Parking Lot-Exclusive

Lot Features

Lot Information:

  • Lot Size: 5.30 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water
  • Cooling: Single Unit, Central Air

Other

Directions Information:

  • Directions: Amwell Rd to Market St in East Millstone to Canal Rd to #521. Corner of Canal and Miller Farm Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,900
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Housing Market Comparison

See how this home compares to others in Franklin Township, NJ.

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Franklin Township, NJ

City

Med. Sold Price

$484.2K

Med. Price/SqFt

$304

Avg. Days On Market

49

# of Sold Homes

55

521 Canal Rd vs Franklin Township

230 DAYS ON ROCKET

+181 Days

$649,900

+$165.6K More

KEY TAKEAWAY

This property is $165.6K more than the Median Sold Price in Franklin Township, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3894638

Listing Office:

  • Office Name: MILLENNIUM 21 REALTY
  • Office Phone: (908) 541-0050

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 12:55:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-796237
9
/10

  • Amsterdam Elementary School

  • 301 Amsterdam Dr

  • 1.03 miles

  • Public District Grades KG-4

school-card-donut-796238
10
/10

  • Woods Road Elementary School

  • 120 S Woods Rd

  • 1.90 miles

  • Public District Grades PK-4

school-card-donut-796239
4
/10

  • Claremont Elementary School

  • 175 Claremont Rd

  • 3.02 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $136,007. Typical income of Franklin Township, NJ residents is between $100k-200k annually. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Somerset County›Franklin Township›08873›521 Canal Rd

This home is located at 521 Canal Rd in Franklin Twp, NJ and zip code 08873. This home, which was built in 1850, sits on a 5.30 acre lot. Features: 12 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 06, 2024 and is currently priced at $649,900.

In October 2024, from all listings sold in Franklin Township, NJ there were more than 38 sold above asking price, over 12 sold below and more than 5 were sold right at the asked price. The number of listings in Franklin Township, NJ increased by 7% between September 2024 and October 2024. Listings spent 49 days on the market in October 2024, and had a median list price of $484,234 during the same period.

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

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