NOT LISTED FOR SALE

1025 Franklin Lake Rd Franklin Lakes, NJ 07417

Estimated Value: $1,806,000 - $2,331,000

5 Beds
6 Baths
-- Sq Ft
1 Acres

Last Sold June 01, 2020

Last sale price $1,379,500

Est. 54% increase in value since last sale

Current estimated payment $13,569/month

91 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • High Ceiling
  • Colonial Road School Rated A-
  • Wood Flooring
  • Game Room

About This Home

As of June 2020

This home was built in 2013 with Smart Home technology and shows like new! The 33 ft. kitchen is state of the art with wood floors, center island, top of the lines appliances & doors to a rear patio. A dramatic 2 story foyer is a beautiful introduction to the formal dining room and living room both with coffered ceilings and custom details. The family room with a fireplace also opens to a patio. French doors lead to the adjacent library. The stunning Master suite has a fireplace, a HUGE walk in closet and a gorgeous spa bath with heated floors. There are 5 bedrooms and a bonus room on the second floor. The basement is 2500 sq feet with 12 ft ceilings is amazing space finished. Level property is ideal for a pool. The circular double wide driveway allows for lots of parking.

Last Agent to Sell the Property

CAROLE LYNN BRESCIA

COLDWELL BANKER REALTY WYK Listed on: 01/02/2020

Last Buyer's Agent

EILEEN MEEHAN

KELLER WILLIAMS VILLAGE SQUARE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,000

Year Built

  • Built in 2010

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Home Design

  • Colonial Architecture

Interior Spaces

  • High Ceiling
  • Gas Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room
  • Formal Dining Room
  • Library with Fireplace
  • Game Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Soaking Tub

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Standard Electricity
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 1120-01208-0000-00003-0001-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,000

Year Built

Built in 2010

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2010
  • Year Built Description: Approximate
  • County Name: Bergen
  • Street Number Display: 1025
  • Directions: Franklin Lakes Road near Kent Place
  • I D: 4952147
  • Modified: 2021-09-23
  • Number Images: 25
  • First Name: LYNN
  • First Name3: EILEEN
  • Last Name: BRESCIA
  • Last Name3: MEEHAN
  • Office Phone: 201 848 3202
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Stone, Wood
  • Fireplace Description: Bedroom 1, Family Room, Gas Fireplace, Library
  • Number of Fireplaces: 3
  • Appliances: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Blinds, High Ceilings, Smoke Detector, SoakTub, StallShw, Walk-In Closet
  • Number Rooms: 13
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower And Tub
  • Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Eat-In Kitchen, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Foyer
  • Other Room1 Level: First
  • Other Room 2: Library
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Level: Second
  • Other Room 4: PowderRm
  • Other Room4 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Library, Living Room, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, GameRoom, Laundry Room
  • Phone: 201-891-6700

Exterior Features

  • Exterior Description: ConcBrd
  • Exterior Features: Patio, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Circular

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air, Radiant - Hot Water
  • Sewer: Septic
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 1.0AC
  • Assessed Improvement Value: 1163300
  • Assessed Land Value: 360000
  • Assessment: 1523300
  • Lot Description: Level Lot
  • Lot Identifier: 3.1
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.00

Rental Info

  • Pets Allowed: CatsOK

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 25000
  • Assessor Parcel Number: 1120-01208-0000-00003-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.625
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
May 27, 2020
Sold by
Kwon Christopher J and Stilger Meredith
Bought by
Joshi Sandeep and Sharma Rita
Seller's Agent
CAROLE LYNN BRESCIA
COLDWELL BANKER REALTY WYK
Buyer's Agent
EILEEN MEEHAN
KELLER WILLIAMS VILLAGE SQUARE
List Price
$1,449,900
Sold Price
$1,379,500
Premium/Discount to List
-$70,400
-4.86%
Current Estimated Value
$2,129,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,836
Avg. Annual Appreciation
8.94%
Original Mortgage
$1,103,600
Outstanding Balance
$985,912
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,193,299

Purchase Details

Listed on
Oct 18, 2013
Closed on
Oct 18, 2013
Sold by
1025 Franklin Lakes Road Franklin Lakes
Bought by
Kwon Christopher J and Stilger Meredith
Seller's Agent
PATRICIA DAVIS
KELLER WILLIAMS VILLAGE SQUARE
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.67%
Original Mortgage
$1,218,700
Interest Rate
3.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 3, 2010
Sold by
Giliberti Louis and Giliberti Barbara A
Bought by
1025 Franklin Lakes Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Joshi Sandeep $1,379,500 Fidelity National Ttl Ins Co
Kwon Christopher J $1,650,000 --
1025 Franklin Lakes Llc $617,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Sandeep $1,103,600
Previous Owner Kwon Christopher J $1,218,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $1,379,500 -4.9% --
04/02/2020 04/02/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $1,449,900 -12.1% --
10/18/2013 10/18/13 Sold $1,650,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,358 $1,523,300 $360,000 $1,163,300
2024 $26,353 $1,523,300 $360,000 $1,163,300
2023 $25,683 $1,523,300 $360,000 $1,163,300
2022 $25,683 $1,523,300 $360,000 $1,163,300
2021 $25,317 $1,523,300 $360,000 $1,163,300
2020 $25,104 $1,523,300 $360,000 $1,163,300
2019 $25,013 $1,523,300 $360,000 $1,163,300
2018 $24,754 $1,523,300 $360,000 $1,163,300
2017 $24,921 $1,523,300 $360,000 $1,163,300
2016 $24,997 $1,523,300 $360,000 $1,163,300
2015 $24,358 $1,523,300 $360,000 $1,163,300
2014 $23,946 $1,523,300 $360,000 $1,163,300
Source: Public Records

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Map

Source: Garden State MLS

MLS Number: 3607160

Garden State MLS

APN: 20-01208-0000-00003-01