NOT LISTED FOR SALE

240 Terrace Rd Franklin Lakes, NJ 07417

Estimated Value: $1,410,000 - $3,294,000

4 Beds
2 Baths
2,200 Sq Ft
$1,087/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $733,000 $333 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $15,494/month

10 Days on Market

Highlights

  • Cape Cod Architecture
  • Main Floor Bedroom
  • 1 Car Attached Garage
  • Colonial Road School Rated A-
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of December 2016

Value is in the land. house is being sold in "as is" condition

Last Agent to Sell the Property

Joseph Palermo

HOWARD HANNA RAND REALTY Listed on: 07/24/2016

HOWARD HANNA RAND REALTY

Last Buyer's Agent

Joseph Palermo

HOWARD HANNA RAND REALTY Listed on: 07/24/2016

HOWARD HANNA RAND REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,584

Year Built

  • Built in 1954

Lot Details

  • 0.84 Acre Lot
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Clapboard

Interior Spaces

  • 2,200 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room
  • Laundry Room
  • Carbon Monoxide Detectors

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Attached Garage
  • Gravel Driveway
  • Additional Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil Below Ground
  • Standard Electricity
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 1120-01207-0001-00027-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,584

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1954
  • Year Built Description: Approximate
  • County Name: Bergen
  • Street Number Display: 240
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Electric
  • Number Rooms: 9
  • Bedrooms: 4
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Unfinished, Full, Walkout
  • Basement Level Rooms: Laundry Room, Utility Room, Walkout
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Porch
  • Estimated Sq Ft: 2200

Exterior Features

  • Exterior Description: Clapboard
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, Gravel, Additional Parking, Blacktop

Utilities

  • Fuel Type: Oil Tank Below Ground
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Septic
  • Utilities: Electric
  • Water: Well
  • Water Heater: Electric

Lot Info

  • Lot Size: .84 AC
  • Assessed Improvement Value: 146400
  • Assessed Land Value: 453000
  • Assessment: 599400
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 27
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.84

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9584
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1120-01207-0001-00027-0000-
  • Tax Rate Amount: 1.599
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2017
Sold by
240 Terrace Road Llc
Bought by
Granatell Lexie
Current Estimated Value
$2,390,347

Purchase Details

Listed on
Jul 24, 2016
Closed on
Nov 30, 2016
Sold by
Patti Patricia and Estate Of Ruth A Marvinney
Bought by
240 Terrace Road Lc
Seller's Agent
Joseph Palermo
HOWARD HANNA RAND REALTY
Buyer's Agent
Joseph Palermo
HOWARD HANNA RAND REALTY
List Price
$619,000
Sold Price
$733,000
Premium/Discount to List
$114,000
18.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.72%

Purchase Details

Closed on
Sep 30, 2004
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
Granatell Lexie $750,000 None Available
240 Terrace Road Lc $733,000 Old Republic National Title
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2016 12/02/16 Sold $733,000 +18.4% $333 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
07/24/2016 07/24/16 For Sale $619,000 -- $281 / 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 $29,630 $1,649,800 $453,000 $1,196,800
2024 $28,542 $1,649,800 $453,000 $1,196,800
2023 $27,816 $1,649,800 $453,000 $1,196,800
2022 $27,816 $1,649,800 $453,000 $1,196,800
2021 $27,420 $1,649,800 $453,000 $1,196,800
2020 $27,189 $1,649,800 $453,000 $1,196,800
2019 $27,090 $1,649,800 $453,000 $1,196,800
2018 $7,361 $453,000 $453,000 $0
2017 $9,806 $599,400 $453,000 $146,400
2016 $9,836 $599,400 $453,000 $146,400
2015 $9,584 $599,400 $453,000 $146,400
2014 $9,423 $599,400 $453,000 $146,400
Source: Public Records

Agents Affiliated with this Home

  • Joseph Palermo

    Seller's Agent in 2016

    Joseph Palermo

    Rand Realty

    (973) 628-9931

    Joseph Palermo
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Map

Source: Garden State MLS

MLS Number: 3324535

Garden State MLS

APN: 20-01207-01-00027

New Jersey Bergen County Franklin Lakes 07417

240 Terrace Rd, Franklin Lakes, NJ

This home is located at 240 Terrace Rd, Franklin Lakes, NJ 07417 since 24 July 2016 and is currently estimated at $2,390,347, approximately $1,086 per square foot. This property was built in 1954. 240 Terrace Rd is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Ramapo High School.

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