For Sale153d on market
56 Gates Rd
Somerset, NJ, 08873 • 08873 • Somerset County
$399,999
0.92 acLot
Property DNA
Somerset
08873
This home is getting attention
Listed 153 days ago · 462 views · 17 saves
Market activity
Demand and pricing signals for this listing
462 views
People checking out this listing
17 saves
Buyers have saved this home
153 days on market
Established listing
About this home
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.
Standout features identified
Our analysis highlights flat tree-free parcel, tranquil setting, and shovel-ready lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,489/month
Principal & Interest$1,956
Property Tax$400
Insurance$133
Down payment20% ($80,000)
3%50%
Est. 6.18% rate · 30yr fixed · $319,999 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerWell on Site / Public Sewer in Street
Parking & Outdoor
Lot0.92 Acres
Location & Tax
Neighborhood08873
Annual tax$5,274
Parcel08003860000080007201
Features & details
2 categories of property features
Exterior Features
Lot Features
Residential Subdivision
Utilities
Electricity Connected
Cable TV
Utilities in Street
Listing insights
Market data and value estimates
StatusFor Sale
Days on market153
Est. rent$3,141/mo
Tax rate1.91%
On marketNov 7, 2025
PostedNov 7, 2025
Last sold$180,000
MLS statusActive
MLS updatedMar 11, 2026
Tour days6
Views462
Favorites17
How are the schools in Somerset?
3 schools rated nearby
Location
Somerset, NJ, 08873
Price history
21 events
DateEventPrice$/sqftSource
Nov 7, 2025Listed For Sale$399,999—GSMLS
Aug 6, 2025Listing Removed$399,900—GSMLS
Aug 5, 2024Listed For Sale$399,900—GSMLS
Jul 19, 2021Sold$180,000—Public Record
Feb 28, 2021Listing Removed$199,900—Weichert Pro
Aug 26, 2020Listed For Sale$199,900—WEICHERT CO REALTORS
Jul 25, 2020Listing Removed$199,900—Weichert Realtors
Mar 4, 2020Listed For Sale$199,900—WEICHERT CO REALTORS
Mar 4, 2020Pending Sale$199,900—WEICHERT CO REALTORS
Jan 24, 2020Listed For Sale$199,900—WEICHERT CO REALTORS
Jan 24, 2020Pending Sale$199,900—WEICHERT CO REALTORS
Dec 5, 2019Listed For Sale$199,900—WEICHERT CO REALTORS
Dec 5, 2019Pending Sale$199,900—WEICHERT CO REALTORS
Jul 23, 2019Listed For Sale$199,900—WEICHERT CO REALTORS
May 31, 2019Listing Removed$199,900—BHHS - NEW JERSEY PROPERTIES
Sep 19, 2018Price Change$199,900—BHHS - NEW JERSEY PROPERTIES
Aug 23, 2017Listed For Sale$499,900—BHHS - NEW JERSEY PROPERTIES
Feb 21, 2017Sold$150,000—GSMLS
Jul 19, 2016Listed For Sale$169,000—DAVIS REALTORS
May 15, 1995Sold$26,000—Public Record
Mar 10, 1995Sold$105,000—Public Record
Listed For Sale$399,999
Nov 7, 2025•GSMLS
Listing Removed$399,900
Aug 6, 2025•GSMLS
Listed For Sale$399,900
Aug 5, 2024•GSMLS
Sold$180,000
Jul 19, 2021•Public Record
Listing Removed$199,900
Feb 28, 2021•Weichert Pro
Listed For Sale$199,900
Aug 26, 2020•WEICHERT CO REALTORS
Listing Removed$199,900
Jul 25, 2020•Weichert Realtors
Listed For Sale$199,900
Mar 4, 2020•WEICHERT CO REALTORS
Pending Sale$199,900
Mar 4, 2020•WEICHERT CO REALTORS
Listed For Sale$199,900
Jan 24, 2020•WEICHERT CO REALTORS
Pending Sale$199,900
Jan 24, 2020•WEICHERT CO REALTORS
Listed For Sale$199,900
Dec 5, 2019•WEICHERT CO REALTORS
Pending Sale$199,900
Dec 5, 2019•WEICHERT CO REALTORS
Listed For Sale$199,900
Jul 23, 2019•WEICHERT CO REALTORS
Listing Removed$199,900
May 31, 2019•BHHS - NEW JERSEY PROPERTIES
Price Change$199,900
Sep 19, 2018•BHHS - NEW JERSEY PROPERTIES
Listed For Sale$499,900
Aug 23, 2017•BHHS - NEW JERSEY PROPERTIES
Sold$150,000
Feb 21, 2017•GSMLS
Listed For Sale$169,000
Jul 19, 2016•DAVIS REALTORS
Sold$26,000
May 15, 1995•Public Record
Sold$105,000
Mar 10, 1995•Public Record
Tax history
17 years of records
YearTax paidAssessed value
Apr 10, 2025$5,071$290,100
Apr 10, 2024$5,071$290,100
Apr 10, 2023$5,602$290,100
Apr 10, 2022$4,211$230,100
Apr 10, 2021—$190,100
Apr 10, 2020$3,916$180,100
Apr 10, 2019$3,595$170,100
Apr 10, 2018$3,595$155,100
Apr 10, 2017$3,411$145,100
Apr 10, 2016$3,388$145,100
Apr 10, 2015$3,340$145,100
Apr 10, 2006—$490,200
Apr 10, 2005—$455,900
Apr 10, 2004$3,341$386,500
Apr 10, 2003—$359,700
Apr 10, 2002—$314,400
Apr 10, 2001—$286,100
Nearby homes
Neighborhood details
Local context around this listing
Somerset, NJ • Somerset County
Nearby neighborhoods
ClydeEast MillstoneFranklin CenterMiddlebushSix Mile RunVoorheesZarephath
Nearby cities
Basking RidgeBound BrookBranchburg TownshipBridgewater TownshipHillsborough TownshipNorth PlainfieldPrincetonSomerset
Nearby zip codes
088730887508890
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