10 Liberty Lane

Somerset NJ 08873

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History of Franklin Township

The history of Franklin Township and the Raritan Valley was largely influenced by the Dutch settlers who came around 1650. They settled in this area by trading and bargaining for land with the Raritan Indians.

No document exists to prove conclusively whether the Township was named for William Franklin, Governor of New Jersey from 1762 to 1776, or Benjamin Franklin. In 2000, the Township Council determined that it was desirable to official espouse a theory as to the naming of the Township. After considering the evidence set forth in Franklin Township, Somerset County, NJ: A History, William B. Brahm, Commissioned by the Franklin Township Library, 1998, Chapter 12, Municipal Government, The Case for William Franklin and The Case for Benjamin Franklin, the Township Council determined to espouse the theory that the Township was named for Benjamin Franklin.

Franklin Township was very much a part of the Revolutionary War History and the scene of many raiding parties along Route 27, then known as the King's Highway. In fact, two British generals, Cornwallis and DeHeister, tried to lure General Washington into battle on the plains of Middlebush and East Millstone. Washington, however, kept his troops at Chimney Rock, just north of Franklin, until the British withdrew. Several of the prosperous Middlebush farms were destroyed by the British soldiers during their retreat. Washington's farewell address was delivered to his army in Little Rocky Hill in 1783.

One of the most important developments for Franklin was the building of the Delaware-Raritan Canal in 1834. Twenty-two miles of this continuous water route from New York

to Philadelphia runs through the Township. During the Civil War, up to 200,000 tons of freight were hauled by mule and horse-drawn barges, a great economic boon for the area. The building of the railroads led to the decline of this once successful mode of transportation. Today the canal is the source of drinking water and provides recreation for area residents and visitors to the Delaware and Raritan Canal State Park.

What does Franklin Township have to offer?

LOCATION, LOCATION, LOCATION

• One hour from New York City • 10 minutes to New Brunswick • Close to train and bus stations • Easy access to Route 287 • Close to Rutgers and Princeton universities • Two major hospitals nearby • Close to just about all types shopping, eateries, taverns, & family entertainment • Many major employers are in Franklin or nearby

Open Space & Parks

• Numerous Parks offering everything from sports fields to playgrounds • Miles of hiking trails • William L. Hutcheson Memorial Forest is a 500-acre natural preserve that includes a 65-acre virgin old-growth

forest designated a National Natural Landmark. • Colonial Park is a 685.5-acre park that offers picnicking, hiking, biking, fishing, golf and tennis. It features a 144-

acre Arboretum. The park also offers a 3-acre leash-free dog area, a 1.4-mile fitness parcourse, paddleboat rentals, 18 hole championship Spooky Brook Golf Course, 3 stocked fishing ponds, softball fields, tennis center, playground, nature trail, a 5-acre Perennial Garden, & the Rudolf W. van der Goot Rose Garden.

• A portion of the Delaware and Raritan Canal State Park runs for 22 miles along much of the northern and western borders of Franklin Township. The canal and adjacent tow path offer many recreational activities, from hiking and biking to fishing and boating.

• The John W. Flemer Preserve is a 7.4-acre preserve that features a 2-mile trail that offers a connection to the tow path for a round trip hike.

• The Negri-Nepote Native Grassland Preserve is a 164-acre preserve features 111-acre of grassland, forest and scrubland and a 2.5-acre wetland attracting migratory birds and amphibians with over 3 miles of pedestrian trails, bird boxes and interpretive signage.

• Six Mile Run Reservoir Site is located in the central portion of Franklin Township. The 3,037-acre park consists of land that offers numerous multi-use recreational trails.

• Griggstown Native Grassland Preserve has over 100 acres of grassland and hundreds of acres of forest and features over 6 miles of mapped trails.

Recognition

• In 2009, Franklin Township appeared on Newsmax magazine's list of the "Top 25 Most Uniquely American Cities and Towns”

• 0T 0TIn 2008, Franklin Township ranked #5 on0T 0T31TUMoneyU0T31T 0Tmagazine's list of America's Top 100 Best Places to Live.

10 Liberty Lane Somerset, NJ 08873

HOME FACTS Style: Ranch Year Built: ~1977 Home Size: ~ 1,954 sq. ft.

(*as per town tax records)Lot Size: ~.48 Acres

(*as per town tax records)

Taxes: $7,932 (2015) Tax Rate: 2.265% Stories: 1 Basement: Slab Bedrooms: 3 Bathrooms: 2 Full Garage: 2 Car Attached Attic: Yes Cooling: Central Air Conditioning Heating: Forced Hot Air (Gas) Water: Public Sewer: Public

Features, Improvements, & Upgrades One of the largest Ranches in neighborhood

Desirable, quiet, Franklin Township neighborhood

Large private fenced in back yard, great for entertaining!

Large paver & concrete patio located in back and side of home

Pergola covered deck Paver walkways Vinyl siding Thermal windows Roof ~8 years old Whole house attic fan Gas furnace Mfd. in 2003 Air conditioning Mfd. In 2003 Renovated hallway bathroom Recessed lighting Renovated Eat in Kitchen with full height cabinets, granite countertops, recessed lighting, and skylight

Wood burning fireplace in family room

10 Liberty Lane

Somerset, NJ 08873

What is nearby? Public Services Post Office 0.6 Miles Police Station 0.7 Miles Municipal Center 0.7 Miles Library 0.7 Miles Fire Station 0.8 Miles St. Peter’s Hospital 4.2 Miles Robert Wood Johnson Hospital 4.2 Miles

Transportation Train Station - New Brunswick 4.7 Miles Train Station – Bound Brook 6.4 Miles Train Station – Bridgewater 7.7 Miles Bus Station – Suburban Transit 2.9 Miles Newark Airport 29.0 Miles

Houses of Worship Shree Swaminarayan Temple 0.3 Miles Temple Beth El 0.5 Miles Middlebush Reformed 0.7 Miles St. Matthias 1.2 Miles Jain Center 4.0 Miles Somerset Bible Baptist 3.9 Miles

Education Franklin Middle 2.3 Miles Franklin High 3.5 Miles Hillcrest Elementary 2.7 Miles Sampson G Smith 0.4 Miles Rutgers University 5.3 Miles Princeton University 13.9 Miles

Fitness & Recreation Middlebush Park 1.1 Miles Quailbrook Golf Course 2.3 Miles Crunch Fitness 2.8 Miles Planet Fitness 3.2 Miles D&R Canal Towpath Access 3.1 Miles Somerset Patriots 7.9 Miles Hillsborough Racquetball Club 6.7 Miles Colonial Park 3.8 Miles

Shopping Stop & Shop 2.8 Miles Shoprite 4.1 Miles Farm Market 2.9 Miles K-Mart 2.8 Miles Bottle Republic 4.2 Miles Home Depot 8.8 Miles Kohls 7.4 Miles Target 8.8 Miles Lowes 7.4 Miles Costco 8.9 Miles

Restaurants & Taverns Stage House Tavern 0.6 Miles Corner Café 0.5 Miles McDonalds 2.6 Miles Dunkin Donuts 2.7 Miles Starbucks 3.0 Miles Kam Laung Chinese 3.0 Miles Subway 3.2 Miles Boston Market 2.8 Miles Thai Lanna 3.2 Miles IHOP 2.8 Miles Masala Bay Indian 3.2 Miles Pizza Orsillo 3.0 Miles Freddy’s 3.8 Miles Ruby Tuesday 4.4 Miles

Flood MapPage 1 of 1

The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.

Generated on 09/07/2016

10 Liberty Ln, Somerset, NJ 08873-2813, Somerset County

Report Date: 09/07/2016 County: Somerset

Flood Zone Code: X Community Name: Franklin

Flood Zone Panel: 340434-34035C0260E Special Flood Hazard Area (SFHA): Out

Panel Date: 09/28/2007 Within 250 feet of multiple flood zone: No

Flood Code Description: Zone X-An area that is determined to be outside the 100- and 500-year floodplains.

This map/report was produced using multiple sources. It is provided for informational purposes only. This map/report should not be relied upon by any third parties. It is not intended to satisfy any regulatory guidelines and should not be used for this or any other purpose.

NEIGHBORHOOD REPORT

Somerset, NJ 08873

Presented by

James KontopodiasNew Jersey Real Estate License: 1436029

Office: (908) 766-0085 | Mobile: (732) 236-8971 | Fax: (908) 766-2254

jkonto@kw.comwww.njrealestatebyjim.comKeller Williams Towne Square Realty222 Mount Airy RoadBasking Ridge, NJ 07920

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.

3/31/2016

Median Sales PriceSales Volume

Median Sales Price vs. SalesVolumeThis chart compares the price trend andsales volume for homes in an area.Home prices typically follow salesvolume, with a time lag, since salesactivity is the driver behind pricemovements.Data Source: Public records dataUpdate Frequency: Monthly

Neighborhood: Housing Stats and Charts 08873 Somerset County New Jersey United StatesMedian Estimated Home Value $299K $379K $295K $319KEstimated Home Value 12-Month Change –2.3% –1% –1.9% –Median List Price $335K $459K $290K $82.9KList Price 1-Month Change 3.1% 2% 1.2% 3.6%List Price 12-Month Change 5.9% 11.7% –12.2% –1.9%Median Home Age 37 44 53 –Own 70% 77% 65% 64%Rent 30% 23% 35% 36%$ Value of All Buildings for which Permits Were Issued – $101M $2.04B $102B% Change in Permits for All Buildings – 36% 5% 2%% Change in $ Value for All Buildings – 55% –2% 7%

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

Median List PriceListing Volume

Median Listing Price vs. ListingVolumeThis chart compares the listing price andlisting volume for homes in an area.Listing prices often follow listing volume,with a time lag, because supply can driveprice movements.Data Source: On- and off-market listingssourcesUpdate Frequency: Monthly

Sales Count By Price Range

Price Range of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths within different price ranges inthe area of your search. The amountshown for the subject property is solddata where available, or the property'sestimated value when sales data areunavailable (such as a non-disclosurestate) or provided in range format.Data Source: Public records dataUpdate Frequency: Monthly

Sales Count By Price Per Sq Ft

Price per Square Foot ofHomes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths at different prices per square footin the area of your search.Data Source: Public records dataUpdate Frequency: Monthly

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

Sales Count By Living Area

Size of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths of different sizes in the area ofyour search.Data Source: Public records dataUpdate Frequency: Monthly

Sales Count by Age of House

Age Range of Homes SoldThis chart shows the distribution ofhomes reported sold in the past sixmonths of different age ranges in thearea of your search.Data Source: Public records dataUpdate Frequency: Monthly

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

08873

Population of Children by AgeGroupThis chart shows the distribution of thepopulation of children by age range —from birth to 17 — in the area of yoursearch.Data Source: U.S. CensusUpdate Frequency: Annually

08873

Population of Adults by AgeGroupThis chart shows the distribution of thepopulation of adults by age range —from 18 to 75-plus — in the area of yoursearch.Data Source: U.S. CensusUpdate Frequency: Annually

08873

Households With ChildrenThis chart shows the distribution ofhouseholds with children, categorized bymarital status, in the area of your search.Data Source: U.S. CensusUpdate Frequency: Annually

Neighborhood: People Stats and Charts 08873 Somerset County New Jersey United StatesPopulation 52.1K 329K 8.87M 314MPopulation Density per Sq Mi 1.6K 1.09K 1.21K –Population Change since 2000 24.5% 10.5% 5.5% 11.6%Median Age 39 41 39 37Male / Female Ratio 48% 49% 49% 49%High School Graduate 25% 22% 29% 28%2-Year Degree 21% 20% 23% 29%Bachelor Degree 26% 29% 22% 18%Post-graduate Degree 20% 23% 14% 11%

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

08873

Household Income BracketsThis chart shows annual householdincome levels within an area.Data Source: U.S. CensusUpdate Frequency: Annually

Presidential Voting PatternThis chart shows how residents of acounty voted in the 2014 presidentialelection.Data Source: USElectionAtlas.orgUpdate Frequency: Annually

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

Somerset CountyNew JerseyUnited States

Unemployment RateThis chart shows the unemploymenttrend in the area of your search. Theunemployment rate is an important driverbehind the housing market.Data Source: Bureau of Labor StatisticsUpdate Frequency: Monthly

08873

Occupational CategoriesThis chart shows categories ofemployment within an area.Data Source: U.S. CensusUpdate Frequency: Annually

Neighborhood: Economic Stats and Charts 08873 Somerset County New Jersey United StatesIncome Per Capita $38,774 $48,646 $36,359 $28,555Median Household Income $89,793 $100,903 $72,062 $53,482Unemployment Rate – 3.7% 4.7% 4.9%Unemployment Number – 6.48K 214K 7.79MEmployment Number – 167K 4.3M 151MLabor Force Number – 174K 4.52M 158M

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016

08873

Average Commute TimeThis chart shows average commute timesto work, in minutes, by percentage of anarea's population.Data Source: U.S. CensusUpdate Frequency: Annually

How People Get to WorkThis chart shows the types oftransportation that residents of the areayou searched use for their commute.Data Source: U.S. CensusUpdate Frequency: Annually

Average MonthlyTemperatureThis chart shows average temperatures inthe area you searched.Data Source: NOAAUpdate Frequency: Annually

Neighborhood: Quality of Life Stats and ChartsQuality of Life in 08873 08873 Somerset County New Jersey United StatesElevation (in feet) 124 125 – –Annual Rainfall (in inches) 45 45 45.68 –Annual Snowfall (in inches) 28.98 29.66 24.78 –Days of Full Sun (per year) 83 84 92 –Travel Time to Work (in minutes) 33 32 31 26Water Quality - Health Violations – 0 – –Water Quality - Monitoring and Report Violations – 1.69 – –Superfund Sites 0 9 158 2,302Brownfield Sites No Yes Yes Yes

Somerset, NJ 08873

Copyright 2016 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 3/31/2016