NOT LISTED FOR SALE

309 Franklin Place South Orange, NJ 07079

Estimated Value: $1,171,000 - $1,352,447

5 Beds
4 Baths
2,279 Sq Ft
$552/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $999,000 $438 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,798/month

49 Days on Market

About This Home

As of May 2023

This home is located at 309 Franklin Place, South Orange, NJ 07079 since 29 January 2023 and is currently estimated at $1,258,112, approximately $552 per square foot. This property was built in 1928. 309 Franklin Place is a home located in Essex County with nearby schools including South Mountain Elementary School, South Orange Middle School, and Columbia Senior High School.

Last Agent to Sell the Property

JAZLYN BALLARD

EXODUS REAL ESTATE Brokerage Phone: 732-737-9013 Listed on: 01/29/2023

Last Buyer's Agent

JENNIFER GREENBERG

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,005

Year Built

  • Built in 1928

Lot Details

  • 0.28 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,005

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Year Built: 1928
  • County Name: Essex
  • I D: 5200696
  • Attribution Contact: 732-737-9013
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.10

Lot Info

  • Lot Size: .275 AC
  • Total Acres: 0.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2023
Closed on
Apr 17, 2023
Sold by
Ballard William and Ballard Carolyn
Bought by
Yerdon Michael Elwin and Imbriaco Adrienne Buchanan
Seller's Agent
JAZLYN BALLARD
EXODUS REAL ESTATE
Buyer's Agent
JENNIFER GREENBERG
COMPASS NEW JERSEY, LLC
List Price
$1,099,000
Sold Price
$999,000
Premium/Discount to List
-$100,000
-9.1%
Views
116
Current Estimated Value
$1,258,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,112
Avg. Annual Appreciation
9.43%
Original Mortgage
$899,100
Outstanding Balance
$873,277
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$384,835

Purchase Details

Closed on
Jun 13, 1989
Sold by
Ballard William and Ballard Gainey,Carolyn
Bought by
Ballard William and Ballard Gainey,Carolyn

Purchase Details

Closed on
Aug 31, 1988
Bought by
Ballard William and Ballard Carolyn Gainey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Yerdon Michael Elwin $999,000 Pinnacle Title Agency
Ballard William -- --
Ballard William $267,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yerdon Michael Elwin $899,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $999,000 0.0% $438 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $999,000 -9.1% $438 / Sq Ft
01/30/2023 01/30/23 For Sale $1,099,000 -- $482 / 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 $26,005 $1,062,900 $498,000 $564,900
2024 $26,005 $1,062,900 $498,000 $564,900
2022 $20,884 $595,500 $339,000 $256,500
2021 $20,158 $595,500 $339,000 $256,500
2020 $19,532 $595,500 $339,000 $256,500
2019 $19,044 $595,500 $339,000 $256,500
2018 $18,758 $595,500 $339,000 $256,500
2017 $18,294 $595,500 $339,000 $256,500
2016 $17,502 $457,200 $182,500 $274,700
2015 $17,095 $457,200 $182,500 $274,700
2014 $16,738 $457,200 $182,500 $274,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JAZLYN BALLARD

    EXODUS REAL ESTATE

  • J

    Buyer's Agent in 2023

    JENNIFER GREENBERG

    COMPASS NEW JERSEY, LLC

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Map

Source: Garden State MLS

MLS Number: 3826402

Garden State MLS

APN: 19-00306-0000-00011

New Jersey Essex County South Orange 07052

309 Franklin Place, South Orange, NJ

Not Listed for Sale

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