$399,999

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

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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

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,

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Source: Garden State MLS

MLS Number: 3996797

Garden State MLS

APN: 08-00386-08-00072-01

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