$1,550,000
SOLD MAY 5, 2025

25 Franklin Place Montclair, NJ 07042

Montclair South End Neighborhood
5 Beds
3 Baths
1,955 Sq Ft
9,365 Sq Ft Lot

Recently Sold

$793 Per Sq Ft

41% Above List Price

7 Days on Market

About This Home

As of May 2025

This home is located at 25 Franklin Place, Montclair, NJ 07042 and is currently priced at $1,550,000, approximately $792 per square foot. This property was built in 1912. 25 Franklin Place is a home located in Essex County with nearby schools including Nishuane School, Hillside School, and Bradford School.

Last Agent to Sell the Property

Dana Farber-schwern

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360 Listed on: 02/26/2025

COMPASS NEW JERSEY LLC

Co-Listed By

SUSAN LOVIT

COMPASS NEW JERSEY LLC Brokerage Phone: 973-310-7360

Last Buyer's Agent

ANDREW CASSE

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,716

Year Built

  • Built in 1912

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,716

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • County Name: Essex
  • Street Number Display: 25
  • I D: 5335024
  • Modified: 2025-05-05
  • Number Images: 0
  • Attribution Contact: 973-310-7360
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 50X184 IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
May 5, 2025
Sold by
Iversen Sarah Anne and Brenna Taylor
Bought by
Mccarthy Andrew and Mccarthy Elyse
Seller's Agent
Dana Farber-schwern
COMPASS NEW JERSEY LLC
Buyer's Agent
ANDREW CASSE
EXP REALTY, LLC
List Price
$1,099,000
Sold Price
$1,550,000
Premium/Discount to List
$451,000
41.04%
Views
59
Current Estimated Value
$1,428,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,024
Avg. Annual Appreciation
-17.99%
Original Mortgage
$1,000,000
Outstanding Balance
$996,452
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$432,524

Purchase Details

Listed on
Sep 25, 2023
Closed on
Nov 20, 2023
Sold by
25 Franklin Place Llc
Bought by
Iversen Sarah Anne and Iversen Brenna Taylor
Seller's Agent
LATOYA MASSEY
ESSENTIAL REAL ESTATE
Buyer's Agent
Dana Farber-schwern
COMPASS NEW JERSEY LLC
List Price
$899,000
Sold Price
$1,075,000
Premium/Discount to List
$176,000
19.58%
Views
265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.71%
Original Mortgage
$500,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2009
Sold by
Owens Richard Lee
Bought by
Hinton Myrna Owens
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 Type Sale Price Title Company
Deed $1,550,000 None Listed On Document
Bargain Sale Deed $1,075,000 Ridge Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Previous Owner $500,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2025 05/05/25 Sold $1,550,000 +41.0% $793 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $1,099,000 +2.2% $562 / Sq Ft
11/21/2023 11/21/23 Sold $1,075,000 +19.6% $550 / Sq Ft View Prior Sale
11/03/2023 11/03/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $899,000 +31.2% $460 / Sq Ft
03/11/2022 03/11/22 Sold $685,000 -2.0% $350 / Sq Ft View Prior Sale
02/02/2022 02/02/22 Pending -- -- --
01/07/2022 01/07/22 For Sale $699,000 -- $358 / 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 $13,716 $640,200 $196,300 $443,900
2024 $13,716 $405,800 $196,300 $209,500
2022 $13,343 $405,800 $196,300 $209,500
2021 $12,861 $405,800 $196,300 $209,500
2020 $12,900 $405,800 $196,300 $209,500
2019 $12,516 $405,800 $196,300 $209,500
2018 $12,305 $405,800 $196,300 $209,500
2017 $9,910 $265,400 $124,300 $141,100
2016 $9,645 $265,400 $124,300 $141,100
2015 $9,358 $265,400 $124,300 $141,100
2014 $9,045 $265,400 $124,300 $141,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Dana Farber-schwern

    COMPASS NEW JERSEY LLC

    (201) 657-5201

    4 in this area

    257 Total Sales

    Dana Farber-schwern
    Section Image

  • S

    Seller Co-Listing Agent in 2025

    SUSAN LOVIT

    COMPASS NEW JERSEY LLC

  • A

    Buyer's Agent in 2025

    ANDREW CASSE

    EXP REALTY, LLC

  • L

    Seller's Agent in 2023

    LATOYA MASSEY

    ESSENTIAL REAL ESTATE

  • Juaquanna Gaines

    Seller Co-Listing Agent in 2023

    Juaquanna Gaines

    ESSENTIAL REAL ESTATE

    (973) 930-7341

    2 in this area

    78 Total Sales

    Juaquanna Gaines
    Section Image
  • Gary Martin

    Seller's Agent in 2022

    Gary Martin

    BHHS FOX & ROACH

    (917) 449-7740

    11 in this area

    67 Total Sales

    Gary Martin
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3947745

Garden State MLS

APN: 13-04008-0000-00047

New Jersey Essex County Montclair 07042 Montclair South End

25 Franklin Place, Montclair, NJ

This home is located at 25 Franklin Place, Montclair, NJ 07042 and is currently priced at $1,550,000, approximately $792 per square foot. This property was built in 1912. 25 Franklin Place is a home located in Essex County with nearby schools including Nishuane School, Hillside School, and Bradford School.

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