CCertihomes
113 Gregory Lane, Franklin, NJ 08823

$262,000

2 beds 1 baths 1,251 sqft Built 199012 days on marketActive

About this home

Affordable Housing Opportunity in Desirable Society Hill VI! Beautifully maintained 2-bedroom condo, this is a rare opportunity for eligible buyers to own a home in a sought-after neighborhood. This bright and spacious first floor unit features newer windows and patio door, updated flooring, large open-concept living and dining area, generously sized bedrooms and a private patio with a wooded view. Residents enjoy access to community amenities, including a swimming pool and tennis courts, all within a beautifully maintained community. Conveniently located near major highways including Route 1, Route 27, Route 130, and I-287, with easy access to shopping centers, grocery stores, restaurants, parks, public & Ny transportation. Affordable Housing Requirements: Purchasers must be certified by the Central Jersey Housing Resource Center (CJHRC) and meet for affordable housing program details and eligibility requirements:

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 4% APR.

Your estimated payment
$2,223/mo

Real estate (PITI + HOA + PMI)
$1,824
Principal + interest$1,188
Property tax + insurance$538
PMI / 2nd mortgage$98
Utilities
$528
Heating + cooling$102
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$158
$2,223/mo TLC
Budget$5,000/mo
Remaining after TLC$2,777/mo
Purchase price
$262,000
Down payment
$13,100 (5%)
Loan amount
$248,900
APR
4%

Quick facts

Type
Condo/TH
Style
Middle Unit
Year built
1990
Lot size
0.0163 ac
Stories
1
Heating
Forced Air
Cooling
Central Air
Water
Public
HOA
Annual tax
$3,029
MLS #
2702811R
County
Somerset

At a glance

Air conditioning
Dishwasher

Home features

Appliances
DishwasherDisposalDryerGas Range/OvenMicrowaveRefrigeratorWasherGas Water Heater
Interior
Blinds2 BedroomsKitchenLiving RoomOther Room(s)Dining RoomNone
Exterior
Patio
Community
ClubhouseOutdoor PoolPlaygroundJog/Bike PathTennis Court(s)
Parking
Additional ParkingUnassignedAssigned
Patio & porch
Patio
Pool
Outdoor Pool
Kitchen
Eat-in Kitchen
Dining
Dining L
Flooring
Carpet, Laminate
Roof
Asphalt
Sewer
Public Sewer
Ownership
Condominium

Lot features

Wooded

Neighborhood — 08823

MetricThis ZIPCountyUSA
Population12,3508,832,837299,088,112
Population Change Since199093.00%14.00%20.00%
Population Density3,8441,137
Male5,9304,307,827147,432,321
Female6,4204,525,010151,655,844
Never Married2,9081,965,81163,775,926
Married5,2273,647,435123,120,365
Separated339391,23912,639,686
Widowed397515,17215,467,586
Divorced935529,39323,075,029
Number Of House Hold5,0423,167,345111,826,380
Average House Hold Size2.432.732.60
Medial Age34.9137.1535.46
Median House Hold Income$76,549$63,392$48,276
Average House Hold Income$84,763$83,312$63,629
P C I$34,996$30,662$24,529
M D I$61,717$52,505$41,133
A T H E$63,223$61,369$50,898
S T R7.00%7.00%
W C J79.38%81.02%77.74%
(Zip) Code
8823

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Central Jersey Multiple Listing System, INC

Listing information last refreshed 8/14/2026. Provided courtesy of REALTY MARK CENTRAL via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.