$1,589,000

497 Island Way Franklin Lakes, NJ 07417

Estimated payment $9,846/month

Total Views 13,518
3 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • In Ground Pool
  • 109,771 Sq Ft lot
  • Cul-De-Sac
  • Ramapo High School Rated A
  • Multiple Fireplaces
  • En-Suite Primary Bedroom

About This Home

Your 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. It has low taxes & a 4-bedroom septic system.

Listing Agent

Linda Trapp

RE/MAX SELECT - Fort Lee Listed on: 04/16/2025

RE/MAX SELECT - Fort Lee

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

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.

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,834

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Split Level
  • ResoLotFeatures: Cul-De-Sac
  • View Type:Pond View: Sunset
  • Co List Office Phone: 201-886-8888
  • MLS Status: Active - Active
  • Directions: Ewing Av right onto Franklin, left onto Packer, right onto Burritt Pl left onto Island Way
  • Reso Fireplace Features: 3 Fireplaces, Gas, Self-start
  • Year Built Details: 1950's,Build Prior to 1978
  • PropertySubTypeAdditional: Traditnl
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Partially Finished
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Primary Bathroom: Yes
  • Basement Remarks: Den or Media room, utilities, storage

Exterior Features

  • Pool Features: In Ground
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Stone

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Dimensions: 2.52 AC
  • Lot Size Sq Ft: 109771.0

Tax Info

  • Tax Annual Amount: 12834.0
  • Tax Block: 2514.
  • Tax Lot: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $1,589,000 0.0% --
05/07/2025 05/07/25 Pending -- -- --
04/16/2025 04/16/25 For Sale $1,589,000 +27.1% --
08/28/2018 08/28/18 Sold $1,250,000 +6.0% $468 / Sq Ft
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

Purchase History

Date Type Sale Price Title Company
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 $978,900 New Conventional
Closed $1,000,000 Purchase Money Mortgage
Previous Owner $200,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $200,000 No Value Available
Previous Owner $480,000 No Value Available
Source: Public Records

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Source: New Jersey MLS

MLS Number: 25010119

New Jersey MLS

APN: 20-02514-01-00005