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.
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Street View
$399,999
56 Gates Rd, Franklin Twp., NJ 08873
--beds
--baths
0.92Acres
Unimproved Land
Built in ----
0.92 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Flat tree-free parcelShovel-ready lot
- 108 days |
- 309 |
- 8 |
Zillow last checked: February 22, 2026 at 11:15pm
Listing updated: November 07, 2025 at 04:47am
Listed by:
Jack Qizhan Yao 732-727-2285,
Realmart Realty
Source: GSMLS,MLS#: 3996797
Facts & features
Property
Lot
- Size: 0.92 Acres
- Dimensions: 138 x 289 .918 AC
- Features: Residential Subdivision
- Topography: Above Road
Details
- Parcel number: 2708003860008000720001
- Zoning description: Res,Residential 1 Family
Utilities & green energy
- Sewer: Public Sewer in Street
- Water: Well on Site
- Utilities for property: Electricity Connected, Cable TV, Utilities in Street
Community & HOA
Community
- Subdivision: Somerset
Location
- Region: Somerset
Financial & listing details
- Tax assessed value: $290,100
- Annual tax amount: $5,274
- Date on market: 11/7/2025
- Road surface type: Blacktop/Asphalt Road
Estimated market value
Not available
Estimated sales range
Not available
$3,141/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Listed for sale | $399,999+0% |
Source:  GSMLS #3996797 Report a problem | ||
| 8/6/2025 | Listing removed | $399,900 |
Source: GSMLS #3917257 Report a problem | ||
| 8/5/2024 | Listed for sale | $399,900+122.2% |
Source: GSMLS #3917257 Report a problem | ||
| 7/19/2021 | Sold | $180,000-10% |
Source: Public Record Report a problem | ||
| 2/28/2021 | Listing removed | $199,900 |
Source:  Weichert Pro #3659122 Report a problem | ||
| 8/26/2020 | Listed for sale | $199,900 |
Source: WEICHERT CO REALTORS #2103848 Report a problem | ||
| 7/25/2020 | Listing removed | $199,900 |
Source: Weichert Realtors #3611787 Report a problem | ||
| 3/4/2020 | Listed for sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 3/4/2020 | Pending sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 1/24/2020 | Listed for sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 1/24/2020 | Pending sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 12/5/2019 | Listed for sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 12/5/2019 | Pending sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 7/23/2019 | Listed for sale | $199,900 |
Source: WEICHERT CO REALTORS #2001403 Report a problem | ||
| 5/31/2019 | Listing removed | $199,900 |
Source: BHHS - NEW JERSEY PROPERTIES #3502826 Report a problem | ||
| 9/19/2018 | Price change | $199,900-60% |
Source: BHHS - NEW JERSEY PROPERTIES #3502826 Report a problem | ||
| 8/23/2017 | Listed for sale | $499,900+233.3% |
Source: BHHS - NEW JERSEY PROPERTIES #3413030 Report a problem | ||
| 2/21/2017 | Sold | $150,000-11.2% |
Source: GSMLS #3323831 Report a problem | ||
| 7/19/2016 | Listed for sale | $169,000+550% |
Source: DAVIS REALTORS #1701094 Report a problem | ||
| 5/15/1995 | Sold | $26,000-75.2% |
Source: Public Record Report a problem | ||
| 3/10/1995 | Sold | $105,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,071 | $290,100 |
| 2024 | $5,071 -9.5% | $290,100 |
| 2023 | $5,602 +33% | $290,100 +26.1% |
| 2022 | $4,211 | $230,100 +21% |
| 2021 | -- | $190,100 +5.6% |
| 2020 | $3,916 +8.9% | $180,100 +5.9% |
| 2019 | $3,595 | $170,100 +9.7% |
| 2018 | $3,595 +5.4% | $155,100 +6.9% |
| 2017 | $3,411 +0.7% | $145,100 |
| 2016 | $3,388 +1.4% | $145,100 |
| 2015 | $3,340 | $145,100 -70.4% |
| 2006 | -- | $490,200 +7.5% |
| 2005 | -- | $455,900 +18% |
| 2004 | $3,341 | $386,500 +7.5% |
| 2003 | -- | $359,700 +14.4% |
| 2002 | -- | $314,400 +9.9% |
| 2001 | -- | $286,100 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 08873
Nearby schools
GreatSchools rating
- 6/10MacAfee Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Sampson G Smith SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Franklin Twp High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Macfee
- Middle: Sampson
- High: Franklin
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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