NOT LISTED FOR SALE

47 Franklin Rd Mendham, NJ 07945

Estimated Value: $1,105,000 - $1,204,000

5 Beds
2.5 Baths
3,229 Sq Ft
$362/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $935,000 $290 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,897/month

7 Days on Market

Highlights

  • Heated In Ground Pool
  • Colonial Architecture
  • Recreation Room
  • Hilltop Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of October 2022

Beautiful Colonial located at the end of a tree-lined cul-de-sac street with the added convenience of uninterrupted sidewalk access to the quaint center of town- a truly compelling home in one of NJ's most admired communities. 12 rooms including 5 bedrooms, 2 full baths, updated powder room, lovely open floor plan living room and dining room areas, fabulous family room with handsome gas fireplace & wet bar, updated kitchen has granite and stainless steel appliances, private first floor home office, and impressive primary bedroom suite with updated en suite bath. This home offers an exceptional floor plan comprising nearly 3,230 sq ft of living space on two spacious floors, plus a partial finished basement, 2-car attached garage, refurbished in-ground swimming pool, expansive two-tier deck, and a pancake-flat 1.12 acre showcase property with private, fully fenced rear yard. Public water and sewer, natural gas and Verizon Fios

Last Agent to Sell the Property

EILEEN SCOTT

WEICHERT REALTORS Listed on: 08/24/2022

Last Buyer's Agent

BARBARA GERDTS

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,528

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • 1.12 Acre Lot
  • Cul-De-Sac
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • 3,229 Sq Ft Home
  • Gas Fireplace
  • Thermal Windows
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room with entrance to outdoor space
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Loft
  • Storage Room
  • Utility Room
  • Home Gym
  • Partially Finished Basement
  • Sump Pump
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Deck

Schools

  • Hilltop Elementary School
  • Mt.View Middle School
  • Mendham High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2318-01707-0000-00012-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,528

Year Built

Built in 1970 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial, Split Level
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1970
  • Year Built Description: Renovated
  • County Name: Morris
  • Easements Description: conservation
  • Renovated Year: 2018
  • Street Number Display: 47
  • Directions: Tempe Wick to Ogden, Left on Drake to end, Left on Franklin to #47, last house on Rt
  • I D: 5173395
  • Modified: 2023-10-08
  • Number Images: 32
  • Section Subdiv Development: Franklin Farm Estates
  • First Name: EILEEN
  • First Name3: BARBARA
  • Last Name: SCOTT
  • Last Name3: GERDTS
  • Office Phone: 973-543-1366
  • Office Phone3: 908-766-7500
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator, Sump Pump, Washer
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 12
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished-Partially
  • Basement Level Rooms: Exercise Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Den Level: First
  • Family Room Level: First
  • Kitchen Area: Galley Type, Separate Dining Area
  • Kitchen Dim: 9x18
  • Kitchen Level: First
  • Living Room Dim: 21x13
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 16x13
  • Other Room1 Level: Second
  • Other Room 2: MudRoom
  • Other Room2 Dim: 10x8
  • Other Room2 Level: First
  • Other Room 3: Rec Room
  • Other Room3 Dim: 16x23
  • Other Room3 Level: Basement
  • Level 1 Rooms: Dining Room, Family Room, Foyer, GarEnter, Kitchen, Laundry Room, Living Room, MudRoom, Office, OutEntrn, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, Loft
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 3229
  • Ground Level Rooms: Foyer
  • Phone: 973-543-6511

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Deck, Thermal Windows/Doors, Wood Fence
  • Pool: Yes
  • Pool Description: Gunite, Heated, In-Ground Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Home Warranty: Yes

Schools

  • Elementary School: Hilltop
  • Middle School: MT.View
  • High School: Mendham
  • High School: Mendham
  • Middle Jr High School: MT.View

Lot Info

  • Lot Size: 1.120 AC
  • Assessed Improvement Value: 370800
  • Assessed Land Value: 347500
  • Assessment: 718300
  • Easement: Yes
  • Lot Description: Backs to Park Land, Cul-De-Sac, Level Lot
  • Lot Identifier: 12
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.12
  • Zoning: residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 16528
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2318-01707-0000-00012-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.342
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Hilltop

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Oct 3, 2022
Sold by
Heather Lovecchio Living Trust
Bought by
Balderson David Karl
Seller's Agent
EILEEN SCOTT
WEICHERT REALTORS
Buyer's Agent
BARBARA GERDTS
WEICHERT REALTORS
List Price
$899,000
Sold Price
$935,000
Premium/Discount to List
$36,000
4%
Current Estimated Value
$1,169,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,619
Avg. Annual Appreciation
6.56%
Original Mortgage
$700,000
Outstanding Balance
$677,059
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$435,666

Purchase Details

Closed on
May 2, 2019
Sold by
Lovecchio Heather
Bought by
Heather Lovecchio Living Trust

Purchase Details

Listed on
Jan 15, 2014
Closed on
Jan 1, 2014
Sold by
Lowe Kenneth and Lowe Colleen
Bought by
Lovecchio Heather
Seller's Agent
MARY PAOLINO
WEICHERT REALTORS
Buyer's Agent
EILEEN SCOTT
WEICHERT REALTORS
Sold Price
$732,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%

Purchase Details

Closed on
Jan 11, 1995
Sold by
Vaccaro Joe
Bought by
Lowe Ken and Lowe Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
9.18%
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
Balderson David Karl $935,000 --
Heather Lovecchio Living Trust -- Chicago Title Insurance Co
Lovecchio Heather $732,500 Chicago Title Insurance Co
Lowe Ken $342,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balderson David Karl $150,000
Open Balderson David Karl $700,000
Previous Owner Lowe Kenneth $460,000
Previous Owner Lowe Kenneth $100,000
Previous Owner Lowe Kenneth $100,000
Previous Owner Lowe Kenneth $252,600
Previous Owner Lowe Ken $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $935,000 +4.0% $290 / Sq Ft
09/08/2022 09/08/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $899,000 +22.7% $278 / Sq Ft
01/15/2014 01/15/14 Sold $732,500 -- $227 / 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 $17,627 $718,300 $347,500 $370,800
2023 $17,627 $718,300 $347,500 $370,800
2022 $16,823 $718,300 $347,500 $370,800
2021 $16,823 $718,300 $347,500 $370,800
2020 $16,528 $718,300 $347,500 $370,800
2019 $16,140 $718,300 $347,500 $370,800
2018 $15,910 $718,300 $347,500 $370,800
2017 $15,680 $718,300 $347,500 $370,800
2016 $15,206 $718,300 $347,500 $370,800
2015 $14,869 $718,300 $347,500 $370,800
2014 $14,481 $718,300 $347,500 $370,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3803836

Garden State MLS

APN: 18-01707-0000-00012