NOT LISTED FOR SALE

389 Mountain Ave Franklin Lakes, NJ 07417

Estimated Value: $1,118,002 - $1,275,000

4 Beds
4.5 Baths
4,065 Sq Ft
$301/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $950,000 $234 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,428/month

8 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Gas Fireplace
  • Indian Hills High School Rated A
  • Rectangular Lot

About This Home

As of June 2022

Come see this beautiful home, located on a quiet dead end street. Enjoy sitting on your lemonade porch overlooking your park like property with a stream in the front yard! Enter into the inviting living room and magnificent large custom eat in kitchen. This updated 4 bedroom 4.5 baths includes two large master bedrooms, master bath and walk in closets. The vaulted ceiling great room contains a hand crafted stone fireplace which leads to the deck over looking the large backyard. The upstairs contains 2 additional bedrooms and a bonus loft. The finished basement leads to a 2 car garage plus a music studio! This 4000+ sq foot gem is an amazing place to entertain and you will fall in love instantly! This is a True must-see home in Franklin Lakes. Hurry! This one won't last!!

Last Agent to Sell the Property

Michael Gabettie

EXP Realty, LLC Listed on: 03/23/2022

EXP Realty, LLC

Last Buyer's Agent

ALLISON Witkowski

RE/MAX Properties-Saddle River

RE/MAX Properties-Saddle River

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,068

Lot Details

  • 0.4 Acre Lot
  • Rectangular Lot

Parking

  • 6 Car Garage

Interior Spaces

  • Gas Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00002 / 01511

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,068

Lot Details

0

Parking

6

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: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: off Hillside
  • Reso Fireplace Features: 1 Fireplace, Gas
  • Year Built Details: 1940's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: Finished with bonus studio

Exterior Features

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

Garage/Parking

  • Garage Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas

Lot Info

  • Lot Size Sq Ft: 17424.0

Tax Info

  • Tax Annual Amount: 12068.0
  • Tax Block: 01511
  • Tax Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
Aug 1, 2022
Sold by
Ilene Mandelbaum and Ilene Jennifer
Bought by
Mandelbaum Liron and Mandelbaum Jennifer Ilene
Seller's Agent
Michael Gabettie
EXP Realty, LLC
Buyer's Agent
ALLISON Witkowski
RE/MAX Properties-Saddle River
List Price
$925,000
Sold Price
$950,000
Premium/Discount to List
$25,000
2.7%
Current Estimated Value
$1,224,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,751
Avg. Annual Appreciation
7.25%
Original Mortgage
$760,000
Interest Rate
5.3%
Mortgage Type
Balloon

Purchase Details

Listed on
Mar 23, 2022
Closed on
Jun 2, 2022
Sold by
Danese Peter A and Danese Kathy A
Bought by
Mandelbaum Liron and Mandelbaum Jennifer Ilene
Seller's Agent
Michael Gabettie
EXP Realty, LLC
Buyer's Agent
ALLISON Witkowski
RE/MAX Properties-Saddle River
List Price
$925,000
Sold Price
$950,000
Premium/Discount to List
$25,000
2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.3%
Mortgage Type
Balloon
Source: Public Records
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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
Mandelbaum Liron -- Battersby Francis J
Mandelbaum Liron $950,000 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mandelbaum Liron $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $950,000 +2.7% $234 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $925,000 -- $228 / 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 $13,041 $726,100 $223,300 $502,800
2024 $12,562 $726,100 $223,300 $502,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22009505

New Jersey MLS

APN: 20-01511-01-00002