$1,075,000
SOLD NOV 21, 2023
5 Beds
4 Baths
1,955 Sq Ft
9,365 Sq Ft Lot

Recently Sold

$550 Per Sq Ft

20% Above List Price

39 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 $1,075,000, approximately $549 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

LATOYA MASSEY

ESSENTIAL REAL ESTATE Brokerage Phone: 973-860-7018 Listed on: 09/25/2023

Co-Listed By

Juaquanna Gaines

ESSENTIAL REAL ESTATE Brokerage Phone: 973-860-7018

Last Buyer's Agent

Dana Farber-schwern

COMPASS NEW JERSEY LLC

COMPASS NEW JERSEY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,716

Year Built

  • Built in 1912

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 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: 5246604
  • Modified: 2024-11-22
  • Number Images: 1
  • Attribution Contact: 973-860-7018
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.10

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.79%
Original Mortgage
$1,000,000
Outstanding Balance
$998,236
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$453,938

Purchase Details

Closed on
Jul 28, 2009
Sold by
Owens Richard Lee
Bought by
Hinton Myrna Owens
Source: Public Records

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Range of Values:

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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
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Previous Owner $682,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $50,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

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Map

Source: Garden State MLS

MLS Number: 3866396

Garden State MLS

APN: 13-04008-0000-00047