$1,675,000
SOLD NOV 15, 2022

331 Franklin Place Paramus, NJ 07652

7 Beds
5.5 Baths
1,482 Sq Ft
9,374 Sq Ft Lot

Recently Sold

$1,130 Per Sq Ft

7% Below List Price

100 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Gas Fireplace
  • Paramus High School Rated A-
  • Rectangular Lot
  • 5-minute walk to Reid Park

About This Home

As of November 2022

Exquisitely Designed and COMPLETED new construction with approximately 5,800 SF of space with 2-C garage - and room for a backyard pool! Attention to detail combined with custom features throughout will impress the most discriminating buyer. Enter through a wrought iron and glass double door entry to an impressive 2-story foyer w tray ceiling. 1st flr features both formal living & dining rms, chef's gourmet kitchen w quartz countertops, extended center island, butler's pantry open to the great rm featuring a fireplace w bianco carrara marble surround, BR next to a full bath perfect for extended family, mud rm w built-ins, & exquisitely designed powder rm w designer light fixtures. 2nd flr w an elegant primary BR suite w 2 walk-in closets, bath w marble herringbone accents & marble countertops; 4 additional BRs, 2 full baths, & laundry. Finished basement w 9ft ceiling: gym/office, home theater, BR, full bath. Wired with surround sound. 10-year home warranty.

Last Agent to Sell the Property

Nekije Rizvani

Keller Williams Village Square Realty - Wyckoff Listed on: 07/13/2022

Keller Williams Village Square Realty - Wyckoff

Last Buyer's Agent

Helen Martino

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,823

Lot Details

  • 9,374 Sq Ft Lot
  • Lot Dimensions are 75 x 125
  • Rectangular Lot

Parking

  • 2 Car Garage

Interior Spaces

  • Gas Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00007 / 07111

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,823

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 201-891-2111
  • MLS Status: Sold - Sold
  • Directions: Forest, Ross, Franklin
  • Reso Fireplace Features: 1 Fireplace, Gas
  • Year Built Details: New Const-New Fdn,To Be Blt
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Primary Bathroom: Yes
  • Basement Remarks: Finished: BR, Full Bath, Gym/Office, & Home Theater

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Fabricated Stucco, Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned

Lot Info

  • Lot Dimensions: 75 x 125
  • Lot Size Sq Ft: 9374.0

Tax Info

  • Tax Block: 07111
  • Tax Lot: 00007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Oct 26, 2022
Sold by
At Home Developers Llc
Bought by
Katarya Ritu and Kochhar Kunal
Seller's Agent
Nekije Rizvani
Keller Williams Village Square Realty - Wyckoff
Buyer's Agent
Helen Martino
Christie's International Real Estate Group-Mahwah/Saddle River Regional Office
List Price
$1,799,000
Sold Price
$1,675,000
Premium/Discount to List
-$124,000
-6.89%
Views
4
Current Estimated Value
$2,094,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,773
Avg. Annual Appreciation
8.77%
Original Mortgage
$1,340,000
Outstanding Balance
$1,292,585
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$802,188

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 4, 2021
Sold by
Ruso E Brian E and Ruso Diana J
Bought by
Wanat Agnes
Seller's Agent
Jeana Cowie
RE/MAX Properties-Saddle River
Buyer's Agent
Yolanda Bogosian
Christie's International Real Estate Group-Mahwah/Saddle River Regional Office
List Price
$615,000
Sold Price
$670,000
Premium/Discount to List
$55,000
8.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.79%

Purchase Details

Closed on
Mar 12, 1998
Sold by
Wegner Susan I and Wegner Steven P
Bought by
Ruso E Brian and Ruso Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
6.37%
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
Bargain Sale Deed $1,675,000 Chicago Title
Bargain Sale Deed -- Centurion Title Services
Deed $670,000 First American Title
Deed $265,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,340,000 New Conventional
Previous Owner $220,000 Future Advance Clause Open End Mortgage
Previous Owner $45,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $197,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $1,675,000 -1.4% $1,130 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
09/29/2022 09/29/22 Price Changed $1,699,000 -5.6% $1,146 / Sq Ft
07/13/2022 07/13/22 For Sale $1,799,000 +168.5% $1,214 / Sq Ft
06/11/2021 06/11/21 Sold $670,000 +8.9% $452 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $615,000 -- $415 / 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
2024 $22,823 $1,550,300 $342,700 $1,207,600
2023 $21,646 $1,487,800 $328,000 $1,159,800
2022 $8,713 $561,400 $307,300 $254,100
2021 $8,164 $493,600 $283,000 $210,600
2020 $7,750 $485,900 $278,000 $207,900
2019 $7,407 $399,100 $253,000 $146,100
2018 $7,316 $399,100 $253,000 $146,100
2017 $7,188 $399,100 $253,000 $146,100
2016 $6,992 $399,100 $253,000 $146,100
2015 $6,920 $399,100 $253,000 $146,100
2014 $6,861 $399,100 $253,000 $146,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22026135

New Jersey MLS

APN: 46-07111-0000-00007