NOT LISTED FOR SALE

517 Summit Ave Franklin Lakes, NJ 07417

Estimated Value: $858,000 - $978,016

2 Beds
2.5 Baths
2,599 Sq Ft
$356/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $735,000 $283 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,590/month

17 Days on Market

Highlights

  • Views to the East
  • En-Suite Primary Bedroom
  • Rectangular Lot
  • Ramapo High School Rated A
  • Central Air
  • Gas Fireplace

About This Home

As of November 2022

Gorgeous 2/3 BR - 2.1 BA, 2,613 sq. ft Ranch on a gorgeous .92 acre lot in Franklin Lakes! Spacious floor plan with large formal living room with gas fireplace, gorgeous family room with vaulted ceilings and lots of windows w/ gorgeous views of the lush level yard and sliders to deck and patio. Beautiful updated kitchen w/center island and eat-in area. Large spacious bonus room/office off the kitchen w/access to garage. Spacious master bedroom suite with tons of windows and beautiful views. Second on-suite bedroom with lots of windows. Office/3rd bedroom, powder room and laundry room right off the kitchen. The basement has a finished rec room and huge workshop/storage space. The attached spacious two-car garage and lush level park-like property makes this home an amazing purchase! New roof, siding, gutters, soffits, new floors, new Anderson windows and many other upgrades throughout!

Last Agent to Sell the Property

Ana Moniz

Coldwell Banker, Hillsdale Listed on: 09/23/2022

Coldwell Banker, Hillsdale

Last Buyer's Agent

Ana Moniz

Coldwell Banker, Hillsdale Listed on: 09/23/2022

Coldwell Banker, Hillsdale

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,020

Lot Details

  • 0.97 Acre Lot
  • 120 Ft Wide Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Gas Fireplace
  • Views to the East
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Schools

  • Colonial Road Elementary School
  • Franklin Ave Middle School
  • Ramapo/Indian Hills High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00007 / 02406

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Ranch
  • ResoLotFeatures: Regular
  • View Type:Pond View: East, West
  • Co List Office Phone: 201-930-8820
  • Outside Inclusions: Appliances, light fixtures
  • MLS Status: Sold - Sold
  • Directions: Franklin Ave to Summit Ave
  • Reso Fireplace Features: 1 Fireplace, Gas
  • Year Built Details: 1950's,Build Prior to 1978
  • PropertySubTypeAdditional: 1 Story
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Primary Bathroom: Yes
  • Basement Remarks: Full finished w/ Rec Room, huge storaga area/workshopt, utilities,

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: Washer/Dryer
  • Construction Type: Brick, Shingle Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Colonial Road E.S.
  • High School: Ramapo/Indian Hills
  • Middle Or Junior School: Franklin Ave M.S.
  • Elementary: Colonial Road E.S.

Lot Info

  • Lot Dimensions: 0.97 Acres
  • Lot Size Sq Ft: 42253.0

Tax Info

  • Tax Annual Amount: 7020.0
  • Tax Block: 02406
  • Tax Lot: 00007

MLS Schools

  • High School Text: Ramapo/Indian Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Oct 4, 2022
Sold by
Karle Jonathan and Karle Rebecca
Bought by
517 Summit Avenue Llc
Seller's Agent
Ana Moniz
Coldwell Banker, Hillsdale
Buyer's Agent
Ana Moniz
Coldwell Banker, Hillsdale
List Price
$699,000
Sold Price
$735,000
Premium/Discount to List
$36,000
5.15%
Current Estimated Value
$924,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,254
Avg. Annual Appreciation
8.25%

Purchase Details

Listed on
Jun 27, 2012
Closed on
Jun 26, 2012
Sold by
Ahl Theresa
Bought by
Karle Jonathan and Karle Rebecca
Sold Price
$420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$336,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
517 Summit Avenue Llc $735,000 Old Republic Title
517 Summit Avenue Llc $735,000 Old Republic Title
Karle Jonathan $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karle Jonathan $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $735,000 +5.2% $283 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $699,000 +66.4% $269 / Sq Ft
06/27/2012 06/27/12 Sold $420,000 -- $162 / 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 $8,278 $460,900 $338,200 $122,700
2024 $7,974 $460,900 $338,200 $122,700
2023 $7,081 $460,900 $338,200 $122,700
2022 $7,081 $420,000 $338,200 $81,800
2021 $6,980 $420,000 $338,200 $81,800
2020 $6,922 $420,000 $338,200 $81,800
2019 $6,896 $420,000 $338,200 $81,800
2018 $6,825 $420,000 $338,200 $81,800
2017 $6,871 $420,000 $338,200 $81,800
2016 $6,892 $420,000 $338,200 $81,800
2015 $6,716 $420,000 $338,200 $81,800
2014 $6,602 $420,000 $338,200 $81,800
Source: Public Records

Agents Affiliated with this Home

  • Ana Moniz

    Seller's Agent in 2022

    Ana Moniz

    Coldwell Banker, Hillsdale

    (201) 247-6341

    3 in this area

    60 Total Sales

    Ana Moniz
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Map

Source: New Jersey MLS

MLS Number: 22035107

New Jersey MLS

APN: 20-02406-0000-00007

New Jersey Bergen County Franklin Lakes 07417

517 Summit Ave, Franklin Lakes, NJ

This home is located at 517 Summit Ave, Franklin Lakes, NJ 07417 since 23 September 2022 and is currently estimated at $924,254, approximately $355 per square foot. 517 Summit Ave is a home located in Bergen County with nearby schools including Woodside Avenue Elementary School, Franklin Avenue Middle School, and Ramapo High School.

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.

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

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