NOT LISTED FOR SALE

3 Penobscott Place Franklin Lakes, NJ 07417

Estimated Value: $1,709,000 - $1,898,984

5 Beds
5.5 Baths
4,504 Sq Ft
$404/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $1,150,000 $255 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $11,350/month

73 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • 2.09 Acre Lot
  • Mountain View
  • Colonial Road School Rated A-
  • Colonial Architecture
  • Deck

About This Home

As of October 2016

Enchanting Storybook CH Col Farmhouse on Exclusive 2 Acre Level Lot! Built in 1998 & Lovingly Updated to Perfection!Nestled at the End of a Private Road! Prestigious High View Urban Farms! Scenic! Lemonade Porch! Private Shangra La! 2 Sty EF! FLR & FDR! Fr Drs! GR w/Cust Fpl, Window Walls & Fr Drs to Dk! Spectacular Yard! Farmhouse Kitchen w/Bosch & Viking SS , Tumbled Marble Backsplash, Farm Sink, & Granite Cent Isl! Bk Stairs! 1st Fl. Guest Rm w/Bth & Fr Dr to Porch! 1st Fl PR & Mud Rm w/Fr Dr to Dk! Gleaming H/W Flrs! MBR w/Sit Rm & New MBA! BR w/B/SS! 2 BRs & B/SOT! Newly Fin Bsmt w/FR, Gym, Office/Au Pair's Rm, & B/SS! Enchanting Home & Property!

Last Agent to Sell the Property

HEDY WEISS

COLDWELL BANKER REALTY WYK Listed on: 06/07/2016

Last Buyer's Agent

Geoffrey Gilchrist

RE/MAX REAL ESTATE LIMITED

RE/MAX REAL ESTATE LIMITED

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,227

Year Built

  • Built in 1998

Lot Details

  • 2.09 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot
  • Irregular Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Wood Shingle Roof
  • Stone Siding
  • Tile

Interior Spaces

  • Great Room with Fireplace
  • Mountain Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Kitchen

  • Eat-In Country Kitchen
  • Kitchen Island

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Deck
  • Storage Shed

Schools

  • Colonial Road Elementary School
  • Franklin Middle School
  • Ramapo High School

Utilities

  • Central Air
  • Underground Utilities
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 1120-01106-0006-00010-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,227

Year Built

Built in 1998

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1998
  • Year Built Description: Approximate
  • County Name: Bergen
  • Renovated Year: 2015
  • Street Number Display: 3
  • Directions: Franklin Lakes Rd., Freemans Lane, L on Shinnecock, L on Penobscott, L on Private Rd. Rt. at fork to # 3
  • I D: 4629644
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: High View Gate Urban Farms
  • First Name: HEDY
  • First Name3: GEOFFREY
  • Last Name: WEISS
  • Last Name3: GILCHRIST
  • Office Phone3: 201-599-1100
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Ceramic Tile, Laminate, Tile, Wood
  • Fireplace Description: Great Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Sitting Room, Full Bath, Walk-In Closet
  • Primary Bathroom Features: Stall Shower, Soaking Tub
  • Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Finished
  • In Law Suite: Yes
  • In Law Suite Description: Bedroom 1, Full Bath, SepEnter
  • Kitchen Area: Center Island, Separate Dining Area, Country Kitchen, Eat-In Kitchen
  • Phone: 201-891-6700

Exterior Features

  • Exterior Description: Stone, Wood Shingle
  • Exterior Features: Deck, Storage Shed, Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Finished Garage, Garage Door Opener, Attached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: Baseboard - Hotwater
  • Sewer: Septic 5+ Bedroom Town Verified
  • Utilities: All Underground
  • Water: Public Water

Schools

  • Elementary School: COLONIAL ROAD
  • Middle School: FRANKLIN
  • High School: RAMAPO
  • High School: RAMAPO
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: 2.089AC
  • Assessed Improvement Value: 739200
  • Assessed Land Value: 713400
  • Assessment: 1452600
  • Easement: Unknown
  • Lot Description: Irregular Lot, Mountain View, Cul-De-Sac, Level Lot, Private Road
  • Lot Identifier: 10
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 2.09

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 23227
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1120-01106-0006-00010-0000-
  • Tax Rate Amount: 1.599
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: COLONIAL ROAD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2016
Closed on
Oct 18, 2016
Sold by
Wizeman Dana M
Bought by
Butler William and Butler Toni Ann
Seller's Agent
HEDY WEISS
COLDWELL BANKER REALTY WYK
Buyer's Agent
Geoffrey Gilchrist
RE/MAX REAL ESTATE LIMITED
List Price
$1,299,000
Sold Price
$1,150,000
Premium/Discount to List
-$149,000
-11.47%
Total Days on Market
73
Current Estimated Value
$1,817,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,496
Avg. Annual Appreciation
5.46%
Original Mortgage
$650,000
Outstanding Balance
$529,739
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$1,287,757

Purchase Details

Closed on
May 16, 2011
Sold by
Franklin Mortgage Asset Trust 2009A
Bought by
Wizeman John W and Wizeman Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2010
Sold by
Mcguire Leo P
Bought by
Franklin Mortgage Asset Trust

Purchase Details

Closed on
Nov 30, 1998
Sold by
Rope Development Co Llc
Bought by
Lattanzio Nicholas and Lattanzio Whitney Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,000
Interest Rate
6.68%

Purchase Details

Closed on
Mar 19, 1997
Sold by
Urban Farms Inc
Bought by
Rope Development Co Llc
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 Buyer Sale Price Title Company
Butler William $1,150,000 Fidelity National Title Insu
Wizeman John W $1,190,000 --
Franklin Mortgage Asset Trust -- --
Lattanzio Nicholas $843,000 --
Rope Development Co Llc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler William $650,000
Previous Owner Wizeman John W $946,600
Previous Owner Wizeman John W $947,800
Previous Owner Wizeman John W $952,000
Previous Owner Lattanzio Nicholas $110,000
Previous Owner Lattanzio Nicholas $100,000
Previous Owner Lattanzio Nicholas $674,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $1,150,000 -11.5% $255 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $1,299,000 -- $288 / 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
2024 $20,459 $1,182,600 $713,400 $469,200
2023 $19,939 $1,182,600 $713,400 $469,200
2022 $19,939 $1,182,600 $713,400 $469,200
2021 $15,655 $1,182,600 $713,400 $469,200
2020 $19,489 $1,182,600 $713,400 $469,200
2019 $19,121 $1,164,500 $713,400 $451,100
2018 $18,688 $1,150,000 $713,400 $436,600
2017 $23,765 $1,452,600 $713,400 $739,200
2016 $23,837 $1,452,600 $713,400 $739,200
2015 $23,227 $1,452,600 $713,400 $739,200
2014 $22,835 $1,452,600 $713,400 $739,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3312756

Garden State MLS

APN: 20-01106-06-00010