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Backup Offers

16 Somerset St, Carteret, NJ, 07008

$525,000

Home List Price

$6,234*

Closing Credit

0 Baths
1,842 SqFt
$285/SqFt
Multi
Schools Nearby

Location

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16 Somerset St, Carteret$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Detached, 1-2 Car Parking
Garage2 spaces
Year Built1912
CoolingNone
MLS #2411041R
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Under Contract)

About 16 Somerset St

Great opportunity to own an investment property. First floor completely renovated. Beautiful eat-in kitchen has breakfast bar with SS appliances, modern cabinets and subway tile back splash, Quartz counters with stainless steel sink and high end laminate flooring and modern Spa-like bathroom with subway tile. Second floor renovated 4-5 years ago. Great location close to highways and transportation.

Property Details

Property Features

Property Information:

  • Year Built: 1912
  • Stories: 2
  • Living Area: 1,842 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Interior: Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, Laundry Hookup, 1 Bath)

Exterior Features

Exterior Information:

  • Exterior: Patio, Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage, Detached, 1-2 Car Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Carteret High School, Public District Grades 9-12
  • Columbus Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $285/SqFt

Tax Information:

  • Annual Amount: $4,579
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Carteret, NJ.

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Carteret, NJ

City

Med. Sold Price

$462.5K

Med. Price/SqFt

$284

Avg. Days On Market

34

# of Sold Homes

7

16 Somerset St vs Carteret

43 DAYS ON ROCKET

+9 Days

$525,000

+$62.5K More

$285/SqFt

+$1 More

KEY TAKEAWAY

This property is $62.5K more than the Median Sold Price and $1/SqFt more than other homes in Carteret, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CJMLS API
  • MLS Number: #2411041R

Listing Office:

  • Office Name: COLDWELL BANKER REALTY

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: 6/8/2024, 7:20:49 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$4,579$206,900
2019$5,642$206,900
2018$5,642$206,900
2017$5,441$206,900

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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.

Elementary School

school-card-donut-1770138
4
/10

  • Columbus Elementary School

  • 1 Carteret Ave

  • 0.28 miles

  • Public District Grades PK-5

High School

school-card-donut-1770139
2
/10

  • Carteret High School

  • 199 Washington Ave

  • 0.79 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,979. The most common annual income of people living in Carteret, NJ is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Middlesex County›Carteret›07008›16 Somerset St

This home is located at 16 Somerset St in Carteret, NJ and zip code 07008. This 1,842 square foot home, which was built in 1912, sits on a 0.10 acre lot. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $525,000.

Carteret, NJ housing market in May 2024 saw over 5 listings sold above listed price, more than 1 sold at listed price and over 1 sold below. In May 2024 in Carteret, NJ there were 6.8% more homes for sale than in April 2024. In May 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $462,500.

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

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