NOT LISTED FOR SALE

48 Franklin Dr Belle Mead, NJ 08502

Estimated Value: $1,192,654 - $1,304,000

5 Beds
2.5 Baths
3,326 Sq Ft
$374/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $975,000 $293 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,516/month

21 Days on Market

Highlights

  • Gunite Pool
  • 1.11 Acre Lot
  • Colonial Architecture
  • Montgomery Lower Mid School Rated A
  • Open Floorplan
  • Wooded Lot

About This Home

As of June 2023

Welcome to this stunning five bedroom Colonial situated on a beautifully landscaped
private lot featuring a resort style backyard with a heated In-ground pool!
Zoned to Montgomery schools, the property has Public Water and Public Sewage.
An elegant façade and a two-story foyer welcomes you into this center hall colonial. It
features hardwood floors and a great chandelier with convenient electric lift for easy
cleaning and maintenance.
Spacious formal living room with hardwood floors and crown molding opens to a large 5 th
bedroom (currently used as an office) . Well placed large
windows offers a beautiful view of the backyard and the butterfly garden.
Formal dining room with crown molding, hardwood floors, designer lighting and an
adjoining butler pantry with glass front cabinet is perfect for displaying your stemware and
entertaining your family and guests.
The Great/Family room features cathedral ceiling, two skylights, a wood burning fireplace
with a classic mantle, and surround sound for your enjoyment. The windows offer views to
the beautiful backyard and the pool. Designed in an open layout floor plan, the Great room
opens to the kitchen and also has access to the 5th bedroom/ office.
Large kitchen with ceramic tile flooring,; cabinets, granite countertops, Tuscan style tile
backsplash, Bosch dishwasher, newer refrigerator, stove/oven, microwave plus a large
pantry. Kitchen slider provides access to the awesome outdoor living space and the pool.
The large Gunite heated in-ground pool with spa has a new pump, heater, and high-end
pool cover. The pool & spa both have lighting for those late night summer swims.
Professional landscaping around the pool with additional seating and spectacular views will
make this area the perfect spot for relaxing and entertaining. The outdoor entertaining
space also has a paver patio with two large seating areas, one with a fire pit. Backyard faces
a fenced-wooded area making it very private. A spectacular show of glowing fireflies in the
backdrop of the trees is an added bonus.
Gorgeous master bedroom has tray ceiling, recessed lighting, hardwood floors, and a
ceiling fan. Unwind after a long day in the adjoining sitting room.
Huge custom walk-in-closet has a spot for everything. It has a center island with granite top
and a built-n ironing board and everything within easy reach. Relaxing in the light filled master bath that features stylish neutral tiles surrounding a
jetted tub, shower and a vanity with double sinks and modern lighting
Second bedroom with recessed lights, carpeting, a walk-in-closet and a cozy window seat
(with storage) for reading or relaxing.
Well-sized Third and fourth bedrooms both have recessed lighting and carpeting
Second floor hallway overlooks both the foyer and the family room allowing for abundant
natural light through the Palladian window and skylights
Large unfinished basement offers uninterrupted long space to make your own theater
room. The basement also has a storage room that has plenty of shelving to keep those less
frequently used items.
Two zone heating and air conditioning with newer AC units (both floors)
Sprinkler system
Hot water heater and Furnace replaced by previous owners.
Nest thermostats on each floor for convenience and energy savings
Garage doors and garage door openers
Fenced-in yard with wooded area for privacy
PUBLIC SEWER AND PUBLIC WATER
Benefit from Montgomery Township's Top Rated School System and proximity to Princeton
with its great shopping and restaurants. You can have it all! Fireplace and Sound system sold as is

Last Agent to Sell the Property

Sujatha Prakash

RE/MAX of Princeton License #897779 Listed on: 03/22/2023

RE/MAX of Princeton

Last Buyer's Agent

Holly Tang

Tang Group Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,605

Year Built

  • Built in 1999

Lot Details

  • 1.11 Acre Lot
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Property is in excellent condition

Parking

  • 2 Car Direct Access Garage
  • 5 Driveway Spaces
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Shingle Roof
  • Brick Front
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,326 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Fireplace
  • Family Room
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Efficiency Studio
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Kitchen in Efficiency Studio
  • Built-In Range
  • Built-In Microwave
  • ENERGY STAR Qualified Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Gas Dryer
  • ENERGY STAR Qualified Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Shelving
  • Space For Rooms
  • Basement Windows

Outdoor Features

  • Gunite Pool
  • Patio

Schools

  • Montgomery Elementary School
  • Montogomery Middle School
  • Montgomery High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Underground Utilities
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 13-07029-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,605

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1999
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dryer, Dryer - Gas, Energy Efficient Appliances, Energy Star Clothes Washer, Energy Star Dishwasher, Water Heater
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Primary Bath(s), Skylight(s), Ceiling Fan(s), Sprinkler System, Stall Shower, Dining Area, Breakfast Area, Crown Moldings, Efficiency, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Efficiency, Soaking Tub, Whirlpool/Hottub, Wood Floors, Upgraded Countertops
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room Count: 11
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Interior Access, Poured Concrete, Shelving, Space For Rooms, Windows
  • Laundry Type: Main Floor
  • Total Sq Ft: 3326
  • Living Area Sq Ft: 3326
  • Price Per Sq Ft: 315.69
  • Above Grade Finished Sq Ft: 3326
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 48

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Brick Front
  • Exterior Features: Lawn Sprinkler
  • Pool Features: Heated, Gunite
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: Underground
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Phone, Cable Tv Available, Under Ground, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: MONTGOMERY
  • Middle School: MONTOGOMERY M.S.
  • High School: MONTGOMERY H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397497
  • School District Source: Listing Agent
  • Elementary School: MONTGOMERY
  • High School: MONTGOMERY H.S.
  • Middle Or Junior School: MONTOGOMERY M.S.

Green Features

  • Efficiency: Appliances

Lot Info

  • Lot Features: Level, Trees/Wooded
  • Lot Size Acres: 1.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 48352.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RES

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 19605.00
  • Assessor Parcel Number: 13-07029-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 3326
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/29/2023

MLS Schools

  • School District Name: MONTGOMERY TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jun 22, 2023
Sold by
Ramasubramanian Kumar and Ramasubramanian Priya
Bought by
Venkitaraman Hariharan and Radhakrishnan Srividya
Seller's Agent
Sujatha Prakash
RE/MAX of Princeton
Buyer's Agent
Holly Tang
Tang Group Real Estate
List Price
$1,115,000
Sold Price
$975,000
Premium/Discount to List
-$140,000
-12.56%
Views
131
Current Estimated Value
$1,244,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,164
Avg. Annual Appreciation
10.86%
Original Mortgage
$780,000
Outstanding Balance
$765,186
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$452,927

Purchase Details

Listed on
Jun 12, 2016
Closed on
Aug 11, 2016
Sold by
Connor Wesley M and Connor Andrea R
Bought by
Ramasubramanian Kumar and Ramasubramanian Priya
Seller's Agent
MARIA GAVIERO-ROBERTS
KELLER WILLIAMS GREATER BRUNSWICK
Buyer's Agent
RADHA CHEERATH
RE/MAX OF PRINCETON
List Price
$822,000
Sold Price
$795,000
Premium/Discount to List
-$27,000
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.01%
Original Mortgage
$555,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2012
Sold by
Conner Wesley M and Kianes Andrea R
Bought by
Conner Wesley M and Conner Andrea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,400
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2007
Sold by
Bilenkin Nina
Bought by
Conner Wesley M and Kianes Andrea R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
6.22%

Purchase Details

Closed on
Aug 16, 1999
Sold by
Scribner Village Lp
Bought by
Bilenkin Leonid and Bilenkin Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7.6%
Source: Public Records

Range of Values:

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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
Venkitaraman Hariharan $975,000 None Listed On Document
Ramasubramanian Kumar $795,000 None Available
Conner Wesley M -- First Legacy Group Title & A
Conner Wesley M $755,000 --
Bilenkin Leonid $387,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venkitaraman Hariharan $780,000
Previous Owner Ramasubramanian Kumar $555,000
Previous Owner Conner Wesley M $570,400
Previous Owner Conner Wesley M $599,600
Previous Owner Conner Wesley M $33,000
Previous Owner Conner Wesley M $604,000
Previous Owner Bilenkin Leonid $310,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Sold $975,000 -7.1% $293 / Sq Ft
04/06/2023 04/06/23 Price Changed $1,050,000 -5.8% $316 / Sq Ft
03/22/2023 03/22/23 For Sale $1,115,000 +40.3% $335 / Sq Ft
08/11/2016 08/11/16 Sold $795,000 -3.3% $239 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
06/12/2016 06/12/16 For Sale $822,000 -- $247 / Sq Ft
Source: Bright 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 $20,847 $608,500 $276,200 $332,300
2023 $20,829 $608,500 $276,200 $332,300
2022 $19,606 $608,500 $276,200 $332,300
2021 $19,442 $608,500 $276,200 $332,300
2020 $19,283 $608,500 $276,200 $332,300
2019 $19,156 $608,500 $276,200 $332,300
2018 $18,711 $608,500 $276,200 $332,300
2017 $18,389 $608,500 $276,200 $332,300
2016 $18,066 $608,500 $276,200 $332,300
2015 $17,653 $608,500 $276,200 $332,300
2014 $17,440 $608,500 $276,200 $332,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSO2002154

Bright MLS

APN: 13-07029-0000-00011