NOT LISTED FOR SALE

323 Freemans Ln Franklin Lakes, NJ 07417

Estimated Value: $1,852,000 - $2,282,000

5 Beds
6.5 Baths
5,299 Sq Ft
$376/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $1,675,000 $316 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $13,091/month

63 Days on Market

Highlights

  • Heated In Ground Pool
  • Multiple Fireplaces
  • Central Air
  • Colonial Road School Rated A-
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of June 2023

Welcome home to this serene Franklin Lakes Colonial in the sought-after Urban Farms. Beyond grand entry foyer, enjoy an elegant formal living room and a warm inviting family room, both with fireplaces. Next, you will be wowed by the bright designer kitchen with a breakfast area overlooking a park-like backyard. The primary bedroom suite features sitting area, huge walk-in closet, and a gorgeous luxurious bathroom. The second bedroom at the opposite wing with its en-suite bathroom is perfect for in-laws, live-in nanny. A beautiful dining room, classic library, powder room, and a bonus room (currently used as an art studio) complete the first floor. Second floor features three large bedrooms, one with en-suite bathroom and walk in closet, a full bath, bonus room, and walk-in cedar closet. Full finished basement includes rec. room, gym, sauna, yoga room, workshop, tons of storage space. Large deck, in ground Gunite pool, and cabana with a wet bar make for exciting outdoor lifestyle.

Last Agent to Sell the Property

Siavash Bahrampour

Coldwell Banker, Wyckoff/Franklin Lakes Listed on: 02/22/2023

Coldwell Banker, Wyckoff/Franklin Lakes

Last Buyer's Agent

Jennifer Contrucci

Tarvin Realtors

Tarvin Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,878

Lot Details

  • 0.95 Acre Lot
  • Lot Dimensions are 200 x 200
  • Rectangular Lot

Parking

  • 3 Car Garage

Interior Spaces

  • Multiple Fireplaces
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Pool

Schools

  • Colonial Road Elementary School
  • Franklin Ave Middle School
  • Ramapo/Indian Hills High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Legal Lot and Block 00027 / 01110

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,878

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: West
  • Co List Office Phone: 201-891-6700
  • Outside Inclusions: Chandeliers, Light Fixtures, Window Treatments, W/D
  • MLS Status: Sold - Sold
  • Directions: Franklin Lakes Road to Freemans Lane
  • Reso Fireplace Features: 2 Fireplaces
  • Year Built Details: 1980's,Renovated
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Primary Bathroom: Yes
  • Basement Remarks: Full Finished, Gym, Sauna, Yoga, FB, Wine Cellar, Workshop

Exterior Features

  • Pool Features: Gunite, Heated, In Ground, Outdoor Pool
  • Pool Private: Yes
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Clapboard, Stone

Garage/Parking

  • Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas, Hot Water, Zoned, Radiant

Schools

  • Elementary School: Colonial Road E.S.
  • High School: Ramapo/Indian Hills
  • Middle Or Junior School: Franklin Ave M.S.
  • Elementary: Colonial Road E.S.

Lot Info

  • Lot Dimensions: 200 X 200
  • Lot Size Sq Ft: 41251.0

Tax Info

  • Tax Annual Amount: 23878.0
  • Tax Block: 01110
  • Tax Lot: 00027

MLS Schools

  • High School Text: Ramapo/Indian Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Jun 15, 2023
Sold by
Maria A Horga Revocable Trust and Gabriele Luca Gusella Revocable Trust
Bought by
Meleski Brant and Meleski Elizabeth
Seller's Agent
Siavash Bahrampour
Coldwell Banker, Wyckoff/Franklin Lakes
Buyer's Agent
Jennifer Contrucci
Tarvin Realtors
List Price
$1,699,000
Sold Price
$1,675,000
Premium/Discount to List
-$24,000
-1.41%
Views
154
Current Estimated Value
$2,002,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,779
Avg. Annual Appreciation
8.71%
Original Mortgage
$1,340,000
Outstanding Balance
$1,308,376
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$694,403

Purchase Details

Closed on
Jun 25, 2019
Sold by
Gusella Gabriele L and Horga Maria A
Bought by
Gabriele Luca Gusella Ret

Purchase Details

Listed on
Jun 7, 2012
Closed on
Jun 2, 2012
Sold by
Bourke Peter
Bought by
Horga Maria A and Gusella Gabriele L
Buyer's Agent
DIANE KINNEY
REALTY EXECUTIVES EXCEPTIONAL
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$417,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2007
Sold by
Collins Patrick T and Collins Amy M
Bought by
Bourke Peter

Purchase Details

Closed on
Nov 24, 2003
Sold by
Anderson Raymond
Bought by
Collins Patrick and Collins Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.96%

Purchase Details

Closed on
Dec 6, 1996
Sold by
Kovatch Thomas
Bought by
Anderson Raymond B and Anderson Margaret B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,000
Interest Rate
7.75%
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
Meleski Brant $1,675,000 Ridgewood Title & Settlement
Gabriele Luca Gusella Ret -- --
Horga Maria A $1,200,000 --
Bourke Peter $1,530,000 --
Collins Patrick $1,745,000 --
Anderson Raymond B $1,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meleski Brant $1,340,000
Previous Owner Horga Maria A $417,000
Previous Owner Collins Patrick $1,000,000
Previous Owner Anderson Raymond B $858,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $1,675,000 -1.4% $316 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,699,000 0.0% $321 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $1,699,000 +41.6% $321 / Sq Ft
06/07/2012 06/07/12 Sold $1,200,000 -- $226 / Sq Ft
Source: New Jersey 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 $25,505 $1,447,800 $489,400 $958,400
2024 $24,502 $1,420,100 $489,400 $930,700
2023 $23,879 $1,416,300 $489,400 $926,900
2022 $23,879 $1,416,300 $489,400 $926,900
2021 $23,539 $1,416,300 $489,400 $926,900
2020 $23,341 $1,416,300 $489,400 $926,900
2019 $23,256 $1,416,300 $489,400 $926,900
2018 $23,015 $1,416,300 $489,400 $926,900
2017 $23,171 $1,416,300 $489,400 $926,900
2016 $20,371 $1,241,400 $489,400 $752,000
2015 $19,850 $1,241,400 $489,400 $752,000
2014 $19,515 $1,241,400 $489,400 $752,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 23005102

New Jersey MLS

APN: 20-01110-05-00027