Seller's Agent in 2025
Linda Trapp
RE/MAX
(201) 725-1645
2 in this area
32 Total Sales
497 Island Way Franklin Lakes, NJ 07417
3
Beds
3
Baths
2,670
Sq Ft
2.52
Acres
Highlights
- In Ground Pool
- 109,771 Sq Ft lot
- Cul-De-Sac
- Ramapo High School Rated A
- Multiple Fireplaces
- Laundry Room
About This Home
As of October 2025Your Private Retreat Awaits! Sitting on a peaceful cul-de-sac, this home offers a rare combination of privacy & luxury. Step into the grand entry hall & you'll know you've found something special. The home's exterior is a blend of wood shingles & stone. The 1st floor boasts spacious living areas. The den, w/built-ins and a cozy fireplace, offers the perfect space to unwind. You'll find a laundry room, gym, & full bath conveniently located on this level. The formal living room opens to a gourmet kitchen & dining area with another fireplace. Upstairs, the master suite offers a fireplace, an oversized master bath & one-of-a-kind dressing room. Additionally, there are 2 spacious, bedrooms & a bath. The basement features a media room w/ a wall of built-ins. The property boasts an in-ground pool, a tennis court, and a deck, for outdoor entertaining or for relaxing. You will be part owner of Lawlins Pond. This home is truly a must-see. The property has low taxes & a 4-bedroom septic system.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,834
Lot Details
- 2.52 Acre Lot
- Cul-De-Sac
Parking
- 2 Car Garage
Home Design
- Split Level Home
Interior Spaces
- Multiple Fireplaces
- Gas Fireplace
- Laundry Room
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- 3 Full Bathrooms
Pool
- In Ground Pool
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Legal Lot and Block 5 / 2514.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2025
Closed on
Oct 9, 2025
Sold by
Mihas Harry
Bought by
Borsen Andrew and Borsen Morgan Manasse
Seller's Agent
Linda Trapp
RE/MAX SELECT - Fort Lee
Buyer's Agent
Jason Pierce
Prominent Properties Sotheby's International Realty-Tenafly
List Price
$1,589,000
Sold Price
$1,589,000
Views
125
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.27%
Original Mortgage
$1,191,750
Outstanding Balance
$1,190,621
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$375,659
Purchase Details
Listed on
Jun 11, 2018
Closed on
Aug 28, 2018
Sold by
Taylor Carolyn
Bought by
Mihas Harry
Seller's Agent
LYNN SCERBO
WEICHERT RLTRS RDG
Buyer's Agent
Linda Trapp
RE/MAX SELECT
List Price
$1,179,000
Sold Price
$1,250,000
Premium/Discount to List
$71,000
6.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$1,000,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 12, 2002
Sold by
Sheriff Of Bergen
Bought by
Taylor Brian and Taylor Carolyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.07%
Purchase Details
Closed on
Aug 13, 1998
Sold by
Roa Frederick J and Roa Susanne
Bought by
Roa Frederick J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.9%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,589,000 | Elite Title Group | |
| Deed | $1,250,000 | -- | |
| Deed | $212,000 | -- | |
| Sheriffs Deed | $734,500 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,191,750 | New Conventional | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $480,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | Sold | $1,589,000 | 0.0% | $595 / Sq Ft | |
| 08/21/2025 08/21/25 | Pending | -- | -- | -- | |
| 07/17/2025 07/17/25 | For Sale | $1,589,000 | 0.0% | $595 / Sq Ft | |
| 05/07/2025 05/07/25 | Pending | -- | -- | -- | |
| 04/16/2025 04/16/25 | For Sale | $1,589,000 | +27.1% | $595 / Sq Ft | |
| 08/28/2018 08/28/18 | Sold | $1,250,000 | +6.0% | $468 / Sq Ft | View Prior Sale |
| 06/26/2018 06/26/18 | Pending | -- | -- | -- | |
| 06/11/2018 06/11/18 | For Sale | $1,179,000 | -- | $442 / Sq Ft |
Source: New Jersey MLS
Tax History Compared to Growth
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 | $12,834 | $714,600 | $452,200 | $262,400 |
| 2024 | $12,363 | $714,600 | $452,200 | $262,400 |
| 2023 | $12,048 | $714,600 | $452,200 | $262,400 |
| 2022 | $12,048 | $714,600 | $452,200 | $262,400 |
| 2021 | $11,877 | $714,600 | $452,200 | $262,400 |
| 2020 | $11,777 | $714,600 | $452,200 | $262,400 |
| 2019 | $11,734 | $714,600 | $452,200 | $262,400 |
| 2018 | $11,612 | $714,600 | $452,200 | $262,400 |
| 2017 | $11,691 | $714,600 | $452,200 | $262,400 |
| 2016 | $11,727 | $714,600 | $452,200 | $262,400 |
| 2015 | $11,426 | $714,600 | $452,200 | $262,400 |
| 2014 | $11,234 | $714,600 | $452,200 | $262,400 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Trapp
-
Jason Pierce
Buyer's Agent in 2025
Jason Pierce
Prominent Properties Sotheby's International Realty-Tenafly
(973) 487-7470
5 in this area
287 Total Sales
-
Robert Paeprer
R
Buyer Co-Listing Agent in 2025
Robert Paeprer
Prominent Properties Sotheby's International Realty-Tenafly
(551) 804-7150
2 in this area
33 Total Sales
-
L
Seller's Agent in 2018
LYNN SCERBO
WEICHERT RLTRS RDG
Map
Source: New Jersey MLS
MLS Number: 25010119
APN: 20-02514-01-00005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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