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CondominiumResidential
$341,431$325 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $252,000 on Dec 20, 2021

47 RACHEL CT

FRANKLIN PARK, NJ 08823
0
Baths
1,052 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
448 ft²
Lot SizeThe size of the land the home sits on, from county records.
1988
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$341K
$320K low$363K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$252,000 · Dec 20, 2021
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$152,431
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$121,945
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.54%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$189,000
CMG MORTGAGE INC · recorded Dec 20, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,155 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$346,400 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$150,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$196,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$356,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$346,400

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.52
49
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
13
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
67
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
92
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
43
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.13 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountySOMERSET
Lot (acres)The size of the land the home sits on, from county records.0.01
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Franklin Park SchoolB-
Elementary · Grades PK–5 · 0.7 mi
M
Franklin Middle School @ Sampson G. Smith CampusC-
Middle · Grades 6–8 · 4.5 mi
H
Franklin High SchoolD+
High · Grades 9–12 · 5.8 mi

District: Franklin Township School District

Neighborhood · ZIP 08823These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.96

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.8,714
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,458 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$101,403
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$126,574
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.49 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

47 Rachel Ct measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 94% of homes in Somerset County
  • Costs more per square foot than 74% of homes in Franklin Park 08823
  • Smaller than 91% of homes in Somerset County
  • Has a smaller lot than 97% of homes in Somerset County
  • Newer than 67% of homes in Somerset County

What homes are worth in Franklin Park 08823

Each bar is how many homes fall in that price range. The marker is this home.

This home
$213K$1.2M

This home is worth more than 20% of homes in Franklin Park 08823.

How it measures up in Franklin Park 08823

The dot is this home. The mark in the middle is the typical home in Franklin Park 08823.

Estimated value$341,431
CheaperTypical $448,904Pricier

Pricier than 20% of homes nearby

Price per ft²$325
CheaperTypical $303Pricier

Pricier than 74% of homes nearby

Living area1,052 ft²
SmallerTypical 1,456 ft²Bigger

Bigger than 14% of homes nearby

Lot size448 ft²
SmallerTypical 828 ft²Bigger

Bigger than 12% of homes nearby

Year built1988
OlderTypical 1990Newer

Newer than 43% of homes nearby

How 47 Rachel Ct ranks against every home in each area.
MeasureThis homeFranklin Park 08823Somerset County
Estimated valuepricier than$341,43120% of homes6% of homes
Price per ft²pricier than$32574% of homes33% of homes
Living areabigger than1,052 ft²14% of homes9% of homes
Lot sizebigger than448 ft²12% of homes3% of homes
Year builtnewer than198843% of homes67% of homes

About 47 Rachel Ct

How much is 47 Rachel Ct, Franklin Park, NJ worth?

The TopHap Estimate for 47 Rachel Ct, Franklin Park, NJ is $341,431 as of Jul 14, 2026. The likely range is $319,781 to $363,081. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 47 Rachel Ct, Franklin Park, NJ last sell?

47 Rachel Ct, Franklin Park, NJ last sold on Dec 20, 2021 for $252,000, according to the county's recorded deed. TopHap holds 7 recorded sales for this parcel.

How big is 47 Rachel Ct, Franklin Park, NJ?

47 Rachel Ct, Franklin Park, NJ has 1,052 square feet of living space and a 0.01-acre lot.

When was 47 Rachel Ct, Franklin Park, NJ built?

47 Rachel Ct, Franklin Park, NJ was built in 1988, making it 38 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 47 Rachel Ct, Franklin Park, NJ?

47 Rachel Ct, Franklin Park, NJ is assigned to Franklin Park School (elementary), rated B-; Franklin Middle School @ Sampson G. Smith Campus (middle), rated C-; Franklin High School (high), rated D+. All sit in Franklin Township School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 47 Rachel Ct, Franklin Park, NJ compare to other homes in Franklin Park 08823?

Among the 3,007 homes in Franklin Park 08823, it is worth more than 20% of them ($341,431 against a typical $448,904), its price per square foot is higher than 74% of them ($325 against a typical $303), it is bigger than 14% of them (1,052 ft² against a typical 1,456 ft²), its lot is bigger than 12% of them (448 ft² against a typical 828 ft²) and it is newer than 43% of them (1988 against a typical 1990). Measured against all of Somerset County, it is worth more than 6% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 47 Rachel Ct, Franklin Park, NJ?

The 2025 property tax bill for 47 Rachel Ct, Franklin Park, NJ was $6,155. The county assessed it at $346,400.

Closest homes

More homes in Franklin Park 08823

Assigned schools

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