NOT LISTED FOR SALE

206 Terrace Rd Franklin Lakes, NJ 07417

Estimated Value: $1,478,000 - $1,717,000

4 Beds
3.5 Baths
3,478 Sq Ft
$460/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $1,352,000 $389 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,145/month

50 Days on Market

Highlights

  • Colonial Architecture
  • Family Room with Fireplace
  • Formal Dining Room
  • Colonial Road School Rated A-
  • High Ceiling
  • 2 Car Attached Garage

About This Home

As of September 2022

Meticulously maintained 4 bedroom, 3.5 bath home with timeless elegance in a sought-after location. Grand 2-story entry with newly-finished hardwood floors leading to a great room featuring 17-foot vaulted ceilings and a large fireplace. Start your day in the expansive sunny kitchen renovated in 2020 which opens to a deck overlooking the park-like backyard. Walk in pantry, Formal Dining Room with coffered ceiling, an inviting living room with custom bookshelves, powder room and laundry room complete this floor. 2nd level has master bedroom with en suite renovated in 2020 with stunning marble tile, 3 additional bedrooms and another renovated (2020) full bath. Finished basement renovated in 2021 is a great spot for movie night, play area or home gym and includes a full bath. This home is move-in ready with a tasteful color palette and a multitude of upgrades. See documents for full list of renovations and upgrades. Award-winning schools, low taxes and appx 31.5 miles to NYC.

Last Agent to Sell the Property

Karen Hug

REALTY EXECUTIVES EXCEPTIONAL Listed on: 05/26/2022

REALTY EXECUTIVES EXCEPTIONAL

Co-Listed By

Dana Billups

REALTY EXECUTIVES EXCEPTIONAL

Last Buyer's Agent

Kristin Graves

RE/MAX PROPERTIES

RE/MAX PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,530

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 1.1 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Stone Siding

Interior Spaces

  • High Ceiling
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Standard Electricity
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 1120-01207-0000-00005-0001-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,530

Year Built

Built in 1990 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1990
  • Year Built Description: Renovated
  • County Name: Bergen
  • Renovated Year: 2021
  • Street Number Display: 206
  • Directions: GPS
  • I D: 5153887
  • Modified: 2023-09-24
  • Number Images: 33
  • First Name: KAREN
  • First Name2: DANA
  • First Name3: KRISTIN
  • Last Name: HUG
  • Last Name2: BILLUPS
  • Last Name3: GRAVES
  • Office Phone: 9739082933
  • Office Phone2: 973-305-5880
  • Attribution Contact: null
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Fireplace Description: Family Room, Living Room
  • Number of Fireplaces: 2
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Dishwasher, Dryer, Generator-Built-In, Microwave Oven, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 8
  • Bedrooms: 4
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Dining Area: Formal Dining Room
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Phone: 973-305-5880

Exterior Features

  • Exterior Description: CedarSid, Stone
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Central Air, Multi-Zone Cooling
  • Fuel Type: Gas-Natural
  • Heating: Multi-Zone
  • Sewer: Septic
  • Utilities: Electric, Gas In Street
  • Water: Well

Lot Info

  • Lot Size: 1.1AC
  • Assessed Improvement Value: 472100
  • Assessed Land Value: 470300
  • Assessment: 942400
  • Easement: Unknown
  • Lot Identifier: 5.01
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.10

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 15530
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1120-01207-0000-00005-0001-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.662
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Apr 14, 2020
Sold by
Dawson Michael S and Dawson Jodi
Bought by
Yarnold Charles and Carey Kimberly
Seller's Agent
Adam DeFino
DEFINO & CO
List Price
$899,000
Sold Price
$905,000
Premium/Discount to List
$6,000
0.67%
Current Estimated Value
$1,601,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,095
Avg. Annual Appreciation
11.30%
Original Mortgage
$804,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2019
Sold by
Collins Krista and Walters Brett
Bought by
Dawson Jodi and Dawson Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,500
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Feb 17, 2016
Closed on
Aug 22, 2016
Sold by
Zodda Geoffrey and Zodda Kimberly
Bought by
Collins Krista and Walters Brett
Seller's Agent
PAULA ROYAK
TERRIE O'CONNOR REALTORS
Buyer's Agent
MICHAEL SHETLER
KELLER WILLIAMS VILLAGE SQUARE
List Price
$924,900
Sold Price
$882,500
Premium/Discount to List
-$42,400
-4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$150,125
Interest Rate
3.48%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2013
Sold by
Walker Ronald S and Moritz Susan
Bought by
Zodda Geoffrey and Zodda Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 1, 2000
Sold by
Gould Peter
Bought by
Houseworth Bruce and Houseworth Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,400
Interest Rate
8.23%

Purchase Details

Closed on
Aug 13, 1998
Sold by
Dorost Jerome and Winnicki Susan
Bought by
Gould Peter and Gould Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,800
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
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
Yarnold Charles $905,000 Cardinal Title Agency Inc
Dawson Jodi $917,500 --
Dawson Jodi $917,500 --
Collins Krista $882,500 Title Insurance Commitment
Zodda Geoffrey $868,750 --
Houseworth Bruce $749,900 --
Gould Peter $660,182 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yarnold Charles $804,500
Previous Owner Dawson Jodi $96,500
Previous Owner Collins Krista $150,125
Previous Owner Collins Krista $600,000
Previous Owner Zodda Geoffrey $695,000
Previous Owner Walker Ronald $292,000
Previous Owner Houseworth Bruce $562,400
Previous Owner Gould Peter $528,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $1,352,000 +4.1% $389 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $1,299,000 +43.5% $373 / Sq Ft
04/29/2020 04/29/20 Sold $905,000 +0.7% $260 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $899,000 +1.9% $258 / Sq Ft
08/24/2016 08/24/16 Sold $882,500 -4.6% $254 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $924,900 -- $266 / Sq Ft
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 $17,053 $949,500 $470,300 $479,200
2024 $16,426 $949,500 $470,300 $479,200
2023 $15,889 $949,500 $470,300 $479,200
2022 $15,889 $942,400 $470,300 $472,100
2021 $15,663 $942,400 $470,300 $472,100
2020 $15,531 $942,400 $470,300 $472,100
2019 $15,474 $942,400 $470,300 $472,100
2018 $15,314 $942,400 $470,300 $472,100
2017 $15,418 $942,400 $470,300 $472,100
2016 $15,465 $942,400 $470,300 $472,100
2015 $15,069 $942,400 $470,300 $472,100
2014 $14,815 $942,400 $470,300 $472,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3784987

Garden State MLS

APN: 20-01207-0000-00005-01