$399,999

56 Gates Rd Franklin Township, NJ 08873

Estimated payment $2,561/month

Total Views 122,259
0.92 Acres
$434,782 Price per Acre
918 Sq Ft Lot

About This Lot

Discover an exceptional opportunity to build your dream home on this nearly 1-acre, shovel-ready lot at 56 Gates Road in the serene neighborhood of Somerset, NJ. This flat, tree-free parcel is ideal for constructing a new single-family residence. Located on a quiet street, the lot offers a perfect setting for peaceful living. It features public utilities, including electric, sewer, and gas, ensuring a smooth building process. Additionally, the property is conveniently accessible to major highways, making commutes and travel easy. Don't miss this rare chance to create your ideal home in a tranquil setting while remaining close to all the amenities Somerset has to offer. Drive by and envision your future here.

Listing Agent

Jack Yao

REALMART REALTY Brokerage Phone: 732-727-2285 Listed on: 11/07/2025

Co-Listing Agent

Shawn Yao

REALMART REALTY Brokerage Phone: 732-727-2285

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,274

Schools

  • Macfee Elementary School
  • Sampson Middle School
  • Franklin High School

Additional Features

  • 918 Sq Ft Lot
  • Well

Listing and Financial Details

  • Assessor Parcel Number 2708-00386-0008-00072-0001-

Property Details

Property Type

Land

Est. Annual Taxes

$5,274

Lot Details

918 Sq Ft Lot

Listing Details

  • County Name: Somerset
  • Survey: Yes
  • Directions: Located off of Demott Lane
  • I D: 5396087
  • Section Subdiv Development: Somerset
  • Attribution Contact: 732-727-2285
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Description: Town Street
  • Road Surface Description: Blacktop/Asphalt Road

Utilities

  • Sewer Info: Public Sewer in Street
  • Utilities Info: Electric
  • Water Info: Well on Site

Schools

  • High School: FRANKLIN
  • Middle Jr High School: SAMPSON

Lot Info

  • Lot Size: 138X289 .918 AC
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.92
  • Zoning: Res
  • Location: Residential Subdivision
  • Currently Used For: Residential
  • Land Improvements: Utilities in Street
  • Number of Lots: 1
  • Topography: Above Road
  • Zoned Info: Residential 1 Family

Tax Info

  • Tax Acres: *
  • Streetname Tax: *
  • Tax Amount: 5274
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00386-0008-00072-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.748
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Assessment Bldg Tax: *
  • Assessment Land Tax: *
  • Total Tax Assessed: *
  • Street Num Tax: *
  • Tax Year: 2024

MLS Schools

  • Grade School: MACFEE

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,274 $290,100 $290,100 --
2024 $5,274 $290,100 $290,100 $0
2023 $5,602 $290,100 $290,100 $0
2022 $4,689 $230,100 $230,100 $0
2021 $4,211 $190,100 $190,100 $0
2020 $4,077 $180,100 $180,100 $0
2019 $3,916 $170,100 $170,100 $0
2018 $3,608 $155,100 $155,100 $0
2017 $3,387 $145,100 $145,100 $0
2016 $3,411 $145,100 $145,100 $0
2015 $3,388 $145,100 $145,100 $0
2014 $3,340 $145,100 $145,100 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 For Sale $399,999 +166.7% --
02/21/2017 02/21/17 Sold $150,000 -11.2% -- View Prior Sale
01/16/2017 01/16/17 Pending -- -- --
07/18/2016 07/18/16 For Sale $169,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $180,000 Counsumers Title Agency Inc
Deed $150,000 Old Republic National Title
Deed $26,000 --
Deed $105,000 --
Source: Public Records

About the Listing Agent

Jack Yao
Jack Yao

REALMART REALTY

(732) 527-3947

Section Image

I am Qizhan (Jack) Yao, President and CEO of Realmart Realty LLC, a high-tech, discount real estate brokerage transforming the industry across New Jersey, New York, and Connecticut.
We empower home sellers with affordable, technology-driven options to list on the local MLS and major portals—including Homes.com, Realtor.com, Redfin, Zillow, Trulia, StreetEasy etc. —for a low flat fee starting at just $395. This approach lets sellers save thousands by bypassing traditional 3-6% commissions,

View Jack's Profile

Jack's Other Listings

  • 57 Yorktown Rd, Monmouth Junction, NJ 08852

    $964,900 Under Contract

    • 4 Beds
    • 2.5 Baths
    • 2,263 Sq Ft
    • 57 Yorktown Rd
    • Monmouth Junction, NJ

    Welcome to 57 Yorktown Rd, Monmouth Junction. Discover modern elegance and move-in ready convenience in this meticulously maintained north-west facing home, located in the Deans Pond Crossing of South Brunswick. Situated in the top rated South Brunswick School District and just minutes to the NYC bus station, this home is blend of comfort, convenience, and functionality. This 2263 SF home boasts

    Jack Yao REALMART REALTY LLC

    Section Image
  • 8 Stephenville Pkwy, Edison, NJ 08820

    $1,149,500 Under Contract

    • 5 Beds
    • 6 Baths
    • 3,838 Sq Ft
    • 8 Stephenville Pkwy
    • Edison, NJ

    Spacious & Fully Renovated 5BR Home in North Edison Beautifully updated 5-bedroom, 6-bath custom home offering over 4,000 sq. ft. on a 0.46-acre corner lot in the highly sought-after North Edison School District. Rebuilt in 2002, expanded in 2015, and refreshed in 2025, this home features new flooring, fresh paint, and modern upgrades throughout. Designed for flexibility, it includes a private

    Jack Yao REALMART REALTY LLC

    Section Image
  • 29 Wynwood Dr, Monmouth Junction, NJ 08852

    $299,999

    • 1 Bed
    • 1 Bath
    • 976 Sq Ft
    • 29 Wynwood Dr
    • Monmouth Junction, NJ

    Move-In Ready! Discover this newly renovated, move-in-ready one-bedroom condominium located at the end of the development. First-floor living with no stairs, just 100 feet from your dedicated parking spot. This condo features new stainless steel Frigidaire appliances, a new granite countertop, and a bathroom with a large double vanity. The open-concept living and dining area includes a spacious

    Jack Yao REALMART REALTY LLC

    Section Image
  • 133 Harding Ave, Edison, NJ 08820

    $1,750,000

    • 5 Beds
    • 4.5 Baths
    • 4,400 Sq Ft
    • 133 Harding Ave
    • Edison, NJ

    Welcome to this brand-new, currently under construction, North Facing door architectural masterpiece in one of North Edison's most desirable neighborhoods. Designed with sleek modern lines, a striking A-frame roofline, and expansive windows, this residence blends contemporary elegance with everyday comfort. Property Highlights: Modern Design: Sophisticated faade featuring stucco, warm wood

    Jack Yao REALMART REALTY LLC

    Section Image
  • 141 Dunbar Ave, Fords, NJ 08863

    $950,000

    • 2 Baths
    • 2,063 Sq Ft
    • 141 Dunbar Ave
    • Fords, NJ

    Beautiful Bi-Level Home, Recently Renovated, 2 Separate, Full Apartments. Rental Income Plus 15,000 CF Former Barrel Factory in Rear of Property. Contains: Dedicated Office Space Plus Very Large Storage area, Perfect for any Small Business Owner! Also Possible to Convert to a Third Rental. Great Location: Close To GS Parkway, NJ Turnpike, Rt. 1, Rt. 9, Rt 287. Very Safe Neighborhood and great

    Jack Yao REALMART REALTY LLC

    Section Image
  • 92 W Edward St, Iselin, NJ 08830

    $1,199,000 New Construction

    • 5 Beds
    • 6.5 Baths
    • 3,150 Sq Ft
    • 92 W Edward St
    • Iselin, NJ

    Purchase a North-facing existing home with professionally designed expansion plans totaling appr 3,150 square feet+about 850 sqft of walk-up basement, which can be customized to suit your needs. You can choose to have your contractor build by buying the existing structure or work with the seller to complete your dream home. This exceptional property presents a rare opportunity to create a luxury

    Jack Yao REALMART REALTY LLC

    Section Image
  • 148 Pineview Terrace Unit 50, Plainfield, NJ 07062

    $420,000

    • 3 Beds
    • 1 Bath
    • 148 Pineview Terrace
    • Unit 50
    • Plainfield, NJ

    This well-maintained 3-bedroom, 1-bath property is the perfect addition to your rental portfolio or next light-flip project. Strong resale and rental comps. Unfinished basement and attic for additional square footage potential. HIGHLY DESIRABLE PLAINFIELD LOCATION. SOLD AS-IS, CASH OR HARD MONEY ONLY.

    Jack Yao REALMART REALTY

    Section Image
  • 10 Okeson St, Plainsboro, NJ 08536

    $936,000

    • 4 Beds
    • 3.5 Baths
    • 2,600 Sq Ft
    • 10 Okeson St
    • Plainsboro, NJ

    Discover this charming home quietly nestled next to the vibrant Plainsboro Plazawhere suburban tranquility meets everyday convenience in one of New Jersey's most sought-after school districts. Within a 2-min, you'll find a gym, day care, and two banks. The Food Market, post office, two pharmacies, numerous restaurants, shops, and a variety of professional services (medical, dental, tax, and

    Jack Yao REALMART REALTY LLC

    Section Image

Source: Garden State MLS

MLS Number: 3996797

Garden State MLS

APN: 08-00386-08-00072-01

New Jersey Somerset County Franklin 08873

56 Gates Rd, Franklin, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website 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.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes
Jack Yao
Jack Yao
Listing Agent Section Image
REALMART REALTY
(732) 527-3947
Your Personal Tour Guide

Ask me questions while you tour the home.