20 Gates Rd, Somerset, NJ, 08873
About This Home
Opportunity Knocks! Bring your vision and transform this 4-bedroom property into the space of your dreams. The possibilities are endless with this perfect handyman special, located on a quiet dead-end street in a highly desirable neighborhood. The property features a spacious living room, an eat-in kitchen with a center island, and a cozy living area with a fireplace. A huge backyard offers endless possibilities for entertaining, gardening, or creating your ideal outdoor retreat. A two-car garage provides plenty of storage and convenience. Whether you're an investor, contractor, or buyer looking to build equity, this property is full of potential and ready for your personal touch. Don't miss this incredible opportunity!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1956
Materials
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Range/Oven,Refrigerator,Washer
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Full, Laundry Facilities
Bathroom
- Features: Tub Shower
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Living Dining Combo
- Area: 143
Family Room
- Area: 144
Features
- 2 Bedrooms,Kitchen,Living Room,Bath Main,Dining Room,None
- Flooring: Carpet,Vinyl-Linoleum
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,575
- Total interior livable area: 1,575 sqft
Kitchen
- Features: Kitchen Island
- Area: 120
Living Room
- Area: 143
Master Bedroom
- Features: 1st Floor
- Level: First
Property
Details
- Parcel number: 08003860800064
- Zoning: R40
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Enclosed
- Exterior features: Deck,Door(s)-Storm/Screen,Enclosed Porch(es),Storage Shed
Lot
- Lot size: 1.37 Acres
- Features: See Remarks
- Lot size dimensions: 0.00 x 0.00
Parking
- Total spaces: 2
- Parking features: See Remarks,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Strong Wind
- Winter Weather
- Cold Wave
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,831 | $33,972 |
| Home Insurance * | $170 | $2,040 |
| Property Taxes | $842 | $10,104 |
| Electricity | $193 | $2,318 |
| Total | $4,036 | $48,432 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $560,000 |
| 1997-10-14 | Sold | $180,000 |
For Sale by Agent
View on Zillow