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107 Rachel Ct, Franklin Park, NJ, 08823

2beds
2baths
1,064sqft
$359,000
$337price/sqft
$2,714/moest. monthly cost
$108,560/yrincome needed

About This Home

Step into this beautifully maintained 3rd-floor, level condo in the desirable Society Hill community, where comfort and convenience come together effortlessly. As you enter, you're welcomed by a bright and inviting open-concept living and dining area, perfect for both relaxing evenings and entertaining guests, featuring a cozy woodburning fireplace as its focal point and sliding doors that lead to a private balconyan ideal spot to enjoy your morning coffee or unwind at the end of the day. The home offers laminate flooring throughout for a clean, modern look with easy maintenance, while the kitchen is equipped with classic wooden cabinetry that provides ample storage and functionality for everyday living. This thoughtfully designed layout includes two generously sized bedrooms, including a primary suite with its own full bath, along with a second full bathroomboth featuring tubs for added comfort and versatility. An in-unit laundry area adds convenience to daily routines, and residents of Society Hill enjoy access to amenities such as a clubhouse, outdoor pool, playground, and tennis courts, making this well-kept condo a perfect blend of comfort, practicality, and community living.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

6/10
4/10
Sampson G Smith SchoolGrades 6-84.5 mi
3/10
Franklin Twp High SchoolGrades 9-125.8 mi

Construction

Condition

  • Year built: 1988

Materials

  • Roof: Asphalt

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: See Remarks,Gas Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Living Dining Combo

Features

  • Skylight,None,2 Bedrooms,Kitchen,Living Room,Bath Main,Bath Other
  • Window features: Skylight(s)
  • Flooring: Laminate
  • Number of fireplaces: 1
  • Fireplace features: See Remarks,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,064
  • Total interior livable area: 1,064 sqft

Kitchen

  • Features: Breakfast Bar, Eat-in Kitchen

Property

Details

  • Parcel number: 0800034080005401C4512
  • Zoning: CR

Features

  • Levels: 3rd Floor
  • Stories: 1
  • Pool features: Outdoor Pool
  • Exterior features: Sidewalk

Lot

  • Features: Near Shopping,See Remarks,Near Public Transit
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Parking features: Additional Parking,See Remarks
  • 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

  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Winter Weather

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 $1,815$21,780
Home Insurance *$156$1,872
Property Taxes $550$6,600
Electricity $193$2,318
Total$2,714$32,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$93,051/yr
40% on housing$81,420/yr
45% on housing$72,373/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

$337This listing

vs Other Active Listings

Avg $/sqft

ZIP 08823$248
Somerset County$343

vs Homes Sold Last Month

Median $/sqft

ZIP 08823$281
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)

Price History

DateEventPrice
2026-04-11Listed for sale$359,000
2026-03-07Listing removed$369,000
2026-02-07Listed for sale$369,000
2025-12-22Listing removed$349,000
2025-11-19Price change$349,000
2025-10-22Listed for sale$369,000
2025-03-03Sold$359,000
2025-01-24Contingent$359,000
2025-01-20Listing removed$2,400
2025-01-07Listed for rent$2,400
2024-11-25Listed for sale$359,000
2022-10-21Sold$270,000
2022-10-19Contingent$269,900
2022-08-22Listed for sale$269,900
2015-12-07Sold$162,000

For Sale by Agent

AgentMELISSA MORALES
BrokerageSIGNATURE REALTY NJ

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