$313,337 EMV

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Matilda Ave
Somerset, NJ 08873

Overview

This Preforeclosure is located at Matilda Ave, Somerset, NJ 08873. This property is currently in auction with an estimated market value of $313,337.
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Status: Active
Listing ID: 64140139
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Homes near Matilda Ave in Somerset, New Jersey


Learn about Matilda Ave in Somerset, NJ

This property is available as a preforeclosure at Matilda Ave. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Somerset, specifically for Matilda Ave and comparable listings. Based on this expert analysis, the estimated market value is $313,337. If purchased for rental purposes, the monthly rental rate could range between $1,730 and $1,910, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Matilda Ave are updated daily along with others in Somerset, New Jersey, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Matilda Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Matilda Ave in Somerset New Jersey Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Matilda Ave
View Preforeclosure Status
09/19/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Matilda Ave Somerset NJ 08873

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Somerset, NJ like?

Somerset is a vibrant community nestled in Franklin Township, offering a blend of suburban tranquility and urban convenience. Residents enjoy a rich array of amenities, including shopping centers, parks, and restaurants. With easy access to major highways and public transportation options, commuting to nearby cities like New Brunswick and Edison is a breeze.

The area is characterized by well-kept neighborhoods, abundant green spaces, and recreational facilities, making it family-friendly. Outdoor enthusiasts can explore various parks, including Colonial Park, which features walking trails, picnic areas, and botanical gardens, perfect for weekend outings.

Somerset also prides itself on a diverse educational landscape with highly-rated schools, both public and private, catering to students of all ages. This commitment to education, coupled with the community's safety and low crime rates, makes it a desirable place for families.

Nearby Schools

There are 4 schools in the area. Nearby schools include Franklin High School and Sampson G. Smith School.

Franklin High School
Sampson G. Smith School
Pine Grove Manor School
Dunellen High School

Nearby Attractions

There are plenty of activities near this property like Franklin Township Library, Robert Wood Johnson University Hospital, and more.

Franklin Township Library
Robert Wood Johnson University Hospital
Saint Peter's University Hospital
Somerset County Park Commission

What kind of public transportation is there?


Public transportation options include: NJ Transit bus service providing access to New Brunswick and surrounding areas, Nearby train stations connecting to New York City. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Colonial Park, Franklin Park and more.

Colonial Park
Franklin Park
Bunker Hill Park
Washington Valley Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Xfinity
Verizon Fios
Optimum
Rental Chart
View Rental and Market Value
for Matilda Ave in Somerset New Jersey
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Property Information

Preforeclosure

The property located at Matilda Ave in Somerset, NJ is listed as a Preforeclosure

This listing located at Matilda Ave in Somerset, NJ could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Somerset, New Jersey is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Somerset, NJ, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Somerset, New Jersey doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Matilda Ave located in Somerset, NJ is $1,820/month. Comparable homes around Matilda Ave that are rentals have monthly ranges starting as low as $1,730 per month and as high as $1,910 per month. An owner looking to use this property as an investment could bring a return in the area of $1,730 - $1,910 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
09/19/25   Preforeclosure New Jersey Housing and Mort...
09/11/25 10/07/25 Preforeclosure New Jersey Housing And Mort...
10/04/24   Tax Lien
04/09/24 02/03/25 Preforeclosure NEW JERSEY HOUSING AND MORT...
04/08/24 02/02/25 Preforeclosure New Jersey Housing And Mort...
10/21/19 11/19/19 Preforeclosure NEW JERSEY HOUSING AND MORT...
10/24/18 08/20/19 Preforeclosure NEW JERSEY HOUSING AND MORT...

Similar Homes Nearby Somerset, NJ


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Matilda Ave
Somerset, NJ 08873

$313,337 EMV

Status: Active Listing ID: 64140139

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Matilda-Ave-Somerset-NJ-08873/64140139_lid

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