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453-455 Franklin Blvd, Somerset, NJ, 08873

0beds
0baths
0sqft
$1,500,000
--price/sqft
$10,534/moest. monthly cost
$421,360/yrincome needed

About This Home

Property had been previously approved for a 28 townhome project each with 2,545 sq. ft. However due to changes in zoning, D&R requirements yield may have changed. Buyer responsible for Engineering and due diligence to determine yield. Existing homes have little value and are rented. Rental income and survey available upon request.

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

5/10
4/10
Franklin Middle SchoolGrades 6-80.4 mi
3/10
Franklin Twp High SchoolGrades 9-124.2 mi

Construction

Condition

  • Property condition: Fixer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Handyman, Custom Home, Extra House on Lot
  • Property subType: Unimproved Land

Interior

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 0800235000000010
  • Zoning: R7

Features

  • Topography of land: Sloping,Uphill From Road
  • Residential vegetation: Large Trees

Lot

  • Lot size: 4.20 Acres
  • Features: Near Shopping,Near Train,Sloped,Interior Lot,Subsoil Unknown
  • Lot size dimensions: 0.00 x 0.00

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
Winter Weather
Cold Wave
Heat Wave
Ice Storm
Tornado

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$457$5,484
Property Taxes $2,300$27,600
Electricity $193$2,318
Total$10,534$126,408
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$361,165/yr
40% on housing$316,020/yr
45% on housing$280,906/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 08873$339
Somerset County$342

vs Homes Sold Last Month

Median $/sqft

ZIP 08873$323
Somerset County$348

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2021-09-05Listed for sale$1,500,000
2021-07-13Listing removed--
2021-01-21Listed for sale$1,500,000

For Sale by Agent

AgentNICOLAS J. DIMEGLIO
BrokerageBHHS FOX & ROACH REALTORS

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