NOT LISTED FOR SALE

502 Mortimer Ct Franklin Lakes, NJ 07417

Estimated Value: $1,397,000 - $2,036,000

5 Beds
6 Baths
5,431 Sq Ft
$309/Sq Ft Est. Value

Last Sold February 06, 2023

Last sale price $1,280,000 $236 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,491/month

139 Days on Market

Highlights

  • Views to the East
  • Cul-De-Sac
  • Central Air
  • Colonial Road School Rated A-
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of February 2023

Welcome - Stately brick,custom,center hall colonial.Tranquil Cul-de-sac location.4500 sq ft+finished basement.Light,airy,lots of windows,pretty views.5 bedrooms,4 full bths,2 half bths,3car garage.Double doors open into travertine marble Grand Foyer sweeping staircase,overlooking bridge.Great Room,custom stone wood burning fireplace,cathedral ceiling,wall of windows, built in beverage wet bar,marble top,Sub Zero ice maker,Liebherr cooler.Large Living Room,Dining Room,Family Room.Kitchen with dining area.Wall of windows facing paver patio,very private back yard,high rotund ceiling.Custom Maple wood cabinets,beautiful details.Granite counters.Large central island.All the gourmet gadgets & appliances for you cooking pleasure.5th bedroom,full bath, seperate entrance.Up the staircase Primary bdroom with sitting room,lots of custom built-ins.2 large walkin closets,gorgeous bath.3 additional bedrooms,2 Full baths.Full finished basement,Family Room,Gym,Studio,1/2 bt.Golf putting green

Last Agent to Sell the Property

Elizabeth Novak

Christie's International Real Estate Group-Paramus Listed on: 08/12/2022

Last Buyer's Agent

Karen Peters

Coldwell Banker, Wayne

Coldwell Banker, Wayne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,436

Lot Details

  • 1.34 Acre Lot
  • Cul-De-Sac

Parking

  • 3 Car Garage

Property Views

  • Views to the East
  • Views to the North

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00009 / 01104

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,436

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Cul-De-Sac
  • View Type:Pond View: East, North, South, West
  • Co List Office Phone: 201-445-9500
  • Outside Inclusions: Appliances
  • MLS Status: Sold - Sold
  • Directions: Franklin Lake Rd to Lilly Pond Lane left on Sussex Rd right on Mortimer
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1980's
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Primary Bathroom: Yes

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: Entry,dining room chandeliers,m bath sconces,projector
  • Construction Type: Brick, Other

Garage/Parking

  • Garage Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 58240.0

Tax Info

  • Tax Annual Amount: 17436.0
  • Tax Block: 01104
  • Tax Lot: 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Jan 31, 2023
Sold by
Kogan Nataliya V
Bought by
Mahmuti Taulant and Gjuka-Mahmuti Enkelena
Seller's Agent
Elizabeth Novak
Christie's International Real Estate Group-Paramus
Buyer's Agent
Karen Peters
Coldwell Banker, Wayne
List Price
$1,400,000
Sold Price
$1,280,000
Premium/Discount to List
-$120,000
-8.57%
Views
54
Current Estimated Value
$1,680,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,068
Avg. Annual Appreciation
10.81%
Original Mortgage
$1,024,000
Outstanding Balance
$990,694
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$689,374

Purchase Details

Closed on
Aug 29, 2017
Sold by
Kogan Nataliya V
Bought by
Kogan Nataliya V

Purchase Details

Closed on
Mar 21, 2014
Sold by
Kogan Boris L
Bought by
Kogan Nataliya and Kogan Boris L

Purchase Details

Listed on
Nov 30, 2012
Closed on
Nov 30, 2012
Sold by
Colacino Pam
Bought by
Kogan Boris L
Seller's Agent
JAMES REITZ
CHRISTIE'S INT. REAL ESTATE GROUP
Sold Price
$970,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Aug 8, 2002
Sold by
Shemesh Ronnie
Bought by
Colacino Pam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,450
Interest Rate
6.18%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Lee Joseph Y and Lee Fong Wai
Bought by
Shemesh Ronnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,000
Interest Rate
7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mahmuti Taulant $1,280,000 Elite Title Group
Mahmuti Taulant $1,280,000 Elite Title Group
Kogan Nataliya V -- None Available
Kogan Nataliya -- --
Kogan Boris L $970,000 --
Colacino Pam $570,734 --
Shemesh Ronnie $715,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahmuti Taulant $1,024,000
Closed Mahmuti Taulant $1,024,000
Previous Owner Colacino Pam $282,450
Previous Owner Shemesh Ronnie $599,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2023 02/06/23 Sold $1,280,000 -5.2% $236 / Sq Ft
12/29/2022 12/29/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $1,350,000 -3.6% $249 / Sq Ft
08/12/2022 08/12/22 For Sale $1,400,000 +44.3% $258 / Sq Ft
11/30/2012 11/30/12 Sold $970,000 -- $179 / 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 $19,002 $1,058,000 $342,200 $715,800
2024 $18,303 $1,058,000 $342,200 $715,800
2023 $17,838 $1,058,000 $342,200 $715,800
2022 $17,838 $1,058,000 $342,200 $715,800
2021 $17,584 $1,058,000 $342,200 $715,800
2020 $17,436 $1,058,000 $342,200 $715,800
2019 $17,372 $1,058,000 $342,200 $715,800
2018 $17,193 $1,058,000 $342,200 $715,800
2017 $17,309 $1,058,000 $342,200 $715,800
2016 $17,362 $1,058,000 $342,200 $715,800
2015 $16,917 $1,058,000 $342,200 $715,800
2014 $22,140 $1,408,400 $533,700 $874,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Elizabeth Novak

    Christie's International Real Estate Group-Paramus

    (201) 400-8323

    1 in this area

    14 Total Sales

    Elizabeth Novak
    Section Image
  • Karen Peters

    Buyer's Agent in 2023

    Karen Peters

    Coldwell Banker, Wayne

    (862) 400-2933

    1 in this area

    539 Total Sales

    Karen Peters
    Section Image

  • J

    Seller's Agent in 2012

    JAMES REITZ

    CHRISTIE'S INT. REAL ESTATE GROUP

See All Agents

Map

Source: New Jersey MLS

MLS Number: 22030278

New Jersey MLS

APN: 20-01104-0000-00009

New Jersey Bergen County Franklin Lakes 07417

502 Mortimer Ct, Franklin Lakes, NJ

This home is located at 502 Mortimer Ct, Franklin Lakes, NJ 07417 since 12 August 2022 and is currently estimated at $1,680,068, approximately $309 per square foot. 502 Mortimer Ct is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Indian Hills High School.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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