Closed$695,000
TLC ≈ $5,559/mo
3 5 2,364 sqft
51 Traditions Place, Monroe, NJ 08831
487 Somerset Lane #B, Monroe, NJ 08831
$259,900
2 beds 2 baths 1,150 sqft Built 19807 days on marketActive
About this home
Welcome to easy, low-maintenance living in the sought-after Rossmoor 55+ community in Monroe Township! This desirable first-floor Vermont model offers approximately 1, 150 square feet of comfortable and thoughtfully designed spaceperfect for those looking to enjoy any lifestyle. This well-maintained home features 2 spacious bedrooms and 2 full bathrooms, along with an outdoor patio - ideal for relaxing, reading, or entertaining guests. The layout includes a separate dining area conveniently located just off the kitchen, creating a natural flow for everyday living and hosting. Don't miss this opportunity to enjoy comfort, convenience, and community all in one placeschedule your private showing today!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$2,525/mo
- Real estate (PITI + HOA + PMI)
- $2,198
- Utilities
- $436
- Transportation
- $127
- Other (entertainment)
- $158
Principal + interest$1,674
Property tax + insurance$427
PMI / 2nd mortgage$97
Heating + cooling$81
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$127
Budget$5,000/mo
Remaining after TLC$2,475/mo
Purchase price
$259,900
Down payment
$12,995 (5%)
Loan amount
$246,905
APR
7.19%
Quick facts
Type
Condo/TH
Style
Colonial
Year built
1980
Lot size
—
Stories
1
Heating
Baseboard Electric, Baseboard, Radiant
Cooling
Central Air
Water
Public
HOA
—
Annual tax
$1,763
MLS #
2615975R
County
Middlesex
At a glance
Air conditioning
Basement
Dishwasher
Home features
Appliances
DishwasherDryerMicrowaveRefrigeratorRangeOvenWasherElectric Water Heater
Interior
Security System2 BedroomsKitchenLiving RoomBath MainBath SecondDining RoomNone
Exterior
Patio
Community
Art/Craft FacilitiesBilliard RoomBocceClubhouseNurse on PremiseOutdoor PoolFitness CenterGame RoomGatedSecurity PatrolHot TubTennis Court(s)
Parking
Detached CarportNoneOn StreetCovered
Patio & porch
Patio
Pool
Outdoor PoolIn Ground
Kitchen
Country Kitchen
Dining
Formal Dining Room
Master bedroom
1st FloorFull Bath
Security
Security GateSecurity GuardSecurity System
Spa
Community
Flooring
Ceramic Tile, Laminate
Roof
Asphalt
Sewer
Public Sewer
Ownership
Condominium
Lot features
Near Shopping, Near Train, Interior Lot
Neighborhood — 08831
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 41,378 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 39.00% | 14.00% | 20.00% |
| Population Density | 847 | 1,137 | — |
| Male | 19,431 | 4,307,827 | 147,432,321 |
| Female | 21,947 | 4,525,010 | 151,655,844 |
| Never Married | 5,557 | 1,965,811 | 63,775,926 |
| Married | 21,680 | 3,647,435 | 123,120,365 |
| Separated | 1,293 | 391,239 | 12,639,686 |
| Widowed | 4,503 | 515,172 | 15,467,586 |
| Divorced | 1,925 | 529,393 | 23,075,029 |
| Number Of House Hold | 17,482 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.30 | 2.73 | 2.60 |
| Medial Age | 47.08 | 37.15 | 35.46 |
| Median House Hold Income | $66,482 | $63,392 | $48,276 |
| Average House Hold Income | $85,196 | $83,312 | $63,629 |
| P C I | $36,960 | $30,662 | $24,529 |
| M D I | $54,931 | $52,505 | $41,133 |
| A T H E | $62,833 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 76.25% | 81.02% | 77.74% |
(Zip) Code
8831
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 6/16/2026. Provided courtesy of MONROE HOME SALES via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.