PROMENADE AT SOMERSET
FHA Approved Condominium in Somerset County, New Jersey
Status: Approved (as of Nov 28, 2023)
Expiry Date: Nov 28, 2026
FHA Concentration: 12.50%
Address: 2-10 OWEN CTFRANKLIN TWP, NJ 08873, ZIP 08873
Longitude/Latitude: -74.523648, 40.491002
Composition: PHASE 1, BLDG 9, 5 UNITS. 2,4,6,8,10 OWEN COURT - CAN EXPAND TO 50. FULL NAME: PROMENADE AT SOMERSET, A CONDOMINIUM. THE 10 AFFORDABLE UNITS - 6,16,26,45,48,60,69,70,71 & 72 OWEN AVE ARE NOT FHA-ELIGIBLE-RESTRICTIONS DO NOT END AT FORECLOSURE.
Submissions for this project
| Submission ID | Composition |
|---|---|
| p022540-002 | PHASE 9, BUILDING NO. 1, 6 UNITS - 66, 68, 70*, 72*, 74, 76 OWEN COURT *AFFORDABLE UNITS 70 & 72 ARE NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE |
| p022540-003 | PHASE 2, BLDG 8, 5 UNITS, 12, 14, 16*, 18, 20 OWEN COURT *AFFORDABLE UNIT 16 IS NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE* |
| p022540-004 | PHASE 7, BUILDING 2, 6 UNITS, #65, 67, 69*, 71*, 73, 75 OWEN COURT *AFFORDABLE UNITS 69 &71 ARE NOT FHA ELIGIBLE- RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE* |
| p022540-005 | Phase 3 – Bldg 7 – 4 units* Phase 8 – Bldg 4 – 5 units** Unit ID: *22-24, 28-30 (even) **54-58, 62-64 (even) Owen Ct. Affordable Housing - Units *26 & **60 ineligible for mortgage insurance |
| p022540-006 | PHASE 4, BUILDING 6 - 5 UNITS - 32, 34, 36, 38, 40 OWEN COURT |
| p022540-001 | PHASE 1, BLDG 9, 5 UNITS. 2,4,6,8,10 OWEN COURT - CAN EXPAND TO 50. FULL NAME: PROMENADE AT SOMERSET, A CONDOMINIUM. THE 10 AFFORDABLE UNITS - 6,16,26,45,48,60,69,70,71 & 72 OWEN AVE ARE NOT FHA-ELIGIBLE-RESTRICTIONS DO NOT END AT FORECLOSURE. |
| p022540-007 | Phase 6, Building 3, 6 units, 41-51 (odd) Owen Court Phase 5, Building 5, 6 units, 42-52 (even) Owen Court AFFORDABLE UNITS 45 & 48 OWEN COURT ARE NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE |
Nearby Condominiums
| Condominium Name | Street Address | Expiry Date | FHA% |
|---|---|---|---|
|
TRENDMAKER HOMES NORTH
Distance: 1.59 miles |
AIMWICK ST, BOLTON ST, MARLOWE ST, SOMERSET, NJ 08873 | Aug/2026 Status: Approved |
6.66% |
|
THE OAKS AT NORTH BRUNSWICK
Distance: 3.23 miles |
417 N OAKS BLVDNORTH BRUNSWICK, NJ 08902 | Jul/2025 Status: Approved |
2.55% |
|
HEARTHWOOD @ NO. BRUNSWICK
Distance: 3.50 miles |
3601 BIRCHWOOD CT, NORTH BRUNSWICK, NJ 08902 | Feb/2026 Status: Approved |
6.98% |
|
SOCIETY HILL AT SOMERSET III**
Distance: 3.96 miles |
2 BETHANY CT, FRANKLIN PARK, NJ 08823 | Apr/2027 Status: Approved |
5.05% |
|
WILDFLOWER VILLAGE, A CONDO
Distance: 6.38 miles |
WILDFLOWER LN AND FARM RD, HILLSBOROUGH, NJ 08844 | Oct/2027 Status: Approved |
10.99% |
|
HANOVER SQUARE AT MIDDLESEX
Distance: 6.83 miles |
9B HANOVER SQ, MIDDLESEX, NJ 08846 | Jul/2027 Status: Approved |
2.70% |
|
WHITEHALL MANOR, A CONDOMINIUM
Distance: 6.87 miles |
40 WHITEHALL LANE, SOMERSET, NJ 08873 | Aug/2027 Status: Approved |
5.14% |
|
WHISPERING WOODS CONDO
Distance: 7.17 miles |
1 WHISPERING WOODS BLVD, MONMOUTH JUNCTION, NJ 08852 | Oct/2026 Status: Approved |
3.13% |
|
THE VILLAGES AT SUMMERFIELD
Distance: 7.76 miles |
SUMMERFIELD BLVD, CLUBHOUSE DR, DAYTON, NJ 08810 | Jun/2027 Status: Approved |
1.17% |
|
SOCIETY HILL EAST II CONDO**
Distance: 7.87 miles |
501 COVINGTON COURT, EAST BRUNSWICK, NJ 08816 | Sep/2026 Status: Approved |
4.41% |