When was 41 Magellan Way, Franklin, NJ last sold?

The most recent recorded sale was in 1991 for $175,246.

What is the assessed value of 41 Magellan Way, Franklin, NJ?

The total municipal assessment is $632,200 (land plus improvements).

What is 41 Magellan Way, Franklin, NJ worth?

Our model estimates a market value of $668,161, derived from comparable recorded sales nearby.

How many units does 41 Magellan Way, Franklin, NJ have?

Records show 1 dwelling unit at 41 Magellan Way, Franklin, NJ.

ElasticParcelNJ

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41 Magellan Way

Franklin, NJ 08823·Somerset County

Estimated market value

$668,161

high confidence

range $643,563 – $692,759

Assessment-implied: $655,945; Director's Ratio 0.9638 (2025)
Comp-implied: $672,233; 30 comparable sales

Based on 30 comparable sales

Address	Sold	Price
221 Phillips Rd	2/6/2026	$525,000

Last sale

$175,246

1/18/1991 · MOD-IV (Rutgers)

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1990

Building size

1,980 sq ft

Lot size

0.14 ac

Land description

.14 ACRES

Building description

2 SF

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$632,200

Land value

$306,100

Improvement value

$326,100

Last year's tax

$10,918

Last MOD-IV sale

$1,752

MOD-IV deed date

1/18/1991

Owner

Layne,Jeffrey A. & Elizabeth C

41 Magellan Way
Franklin Park NJ 08823

Sales history

1/18/1991$175,246
MOD-IV (Rutgers)Bk 1804 / Pg 336

Date	Price	Book / Page	Source
1/18/1991	$175,246	1804 / 336	MOD-IV (Rutgers)

Deeds

No deeds on file. Click Fetch metadata to pull the title chain from the county clerk.

Properties on Magellan Way

Properties on Block 20.05

Frequently asked

When was 41 Magellan Way, Franklin, NJ last sold?: The most recent recorded sale was in 1991 for $175,246.
What is the assessed value of 41 Magellan Way, Franklin, NJ?: The total municipal assessment is $632,200 (land plus improvements).
What is 41 Magellan Way, Franklin, NJ worth?: Our model estimates a market value of $668,161, derived from comparable recorded sales nearby.
How many units does 41 Magellan Way, Franklin, NJ have?: Records show 1 dwelling unit at 41 Magellan Way, Franklin, NJ.
What kind of property is 41 Magellan Way, Franklin, NJ?: It is a Residential Property.

1808·block 20.05·lot 54

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41 Magellan Way

41 Magellan Way, Franklin, NJ — owner, sales, deeds · ElasticParcel

41 Magellan Way

Franklin, NJ 08823·Somerset County

Estimated market value

$668,161

high confidence

range $643,563 – $692,759

Assessment-implied: $655,945; Director's Ratio 0.9638 (2025)
Comp-implied: $672,233; 30 comparable sales

Based on 30 comparable sales

Address	Sold	Price
221 Phillips Rd	2/6/2026	$525,000

Last sale

$175,246

1/18/1991 · MOD-IV (Rutgers)

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1990

Building size

1,980 sq ft

Lot size

0.14 ac

Land description

.14 ACRES

Building description

2 SF

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$632,200

Land value

$306,100

Improvement value

$326,100

Last year's tax

$10,918

Last MOD-IV sale

$1,752

MOD-IV deed date

1/18/1991

Owner

Layne,Jeffrey A. & Elizabeth C

41 Magellan Way
Franklin Park NJ 08823

Sales history

1/18/1991$175,246
MOD-IV (Rutgers)Bk 1804 / Pg 336

Date	Price	Book / Page	Source
1/18/1991	$175,246	1804 / 336	MOD-IV (Rutgers)

Deeds

No deeds on file. Click Fetch metadata to pull the title chain from the county clerk.

Properties on Magellan Way

Properties on Block 20.05

Frequently asked

When was 41 Magellan Way, Franklin, NJ last sold?: The most recent recorded sale was in 1991 for $175,246.
What is the assessed value of 41 Magellan Way, Franklin, NJ?: The total municipal assessment is $632,200 (land plus improvements).
What is 41 Magellan Way, Franklin, NJ worth?: Our model estimates a market value of $668,161, derived from comparable recorded sales nearby.
How many units does 41 Magellan Way, Franklin, NJ have?: Records show 1 dwelling unit at 41 Magellan Way, Franklin, NJ.
What kind of property is 41 Magellan Way, Franklin, NJ?: It is a Residential Property.

1808·block 20.05·lot 54