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    52 Norma Ave Somerset, NJ 08873-3166
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    Property profile & analytics

    52 Norma Ave, Somerset, NJ 08873-3166

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    • Residential income homes
    • 2,512 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Dec 15, 2021
    Property ID
    US59-1983833
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    8.2%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 52 Norma Ave

    Year built
    1928
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Zone code
    OP
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08 00234-0000-00008
    APU
    800234000000008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2021 — 52 Norma LLC Meridian Developers LLC Deed $750k · Td Bank NA
    Apr 3, 2019 — Meridian Developers LLC Meridian Developers LLC Quit Claim Deed · related —
    Dec 18, 2017 $165,000 Meridian Developers LLC Truman 2013 Sc3 Title Trct Grant Deed —
    Nov 10, 2016 $1,000 Truman 2013 Sc3 Title Trust Sheriff Of Somerset County|coker,okanlawon & Iyabo Trustees Deed · related —
    Jul 11, 2006 $100 Redeemed Christian Church Of God Coker,okanlawon Quit Claim Deed · related —
    Jan 5, 2006 $550,000 Okanlawon Coker Arinzeh,julius & Mabel Grant Deed $440k · Countrywide Home Loans INC
    Dec 9, 2004 $190,000 Julius C Arinzeh Tomaro,ritamariel Grant Deed —
    — — Julius C Arinzeh — Deed Of Trust · related $229k · Washington Mutual Fsb

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $440,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $550,000
      7%
      $510,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $203k - $706k
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $445,000
      Current use
      OFFICE BUILDING
      $480,000
      Change: +8% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4827
    Latitude
    40.4901
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $20,480
    $400,000
    $800,000
    $1,200,000
    -
    $400,000
    $800,000
    $1,200,000
    More about this property
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