NOT LISTED FOR SALE

531 Tranquility Dr Highland Lakes, NJ 07422

Estimated Value: $586,000

5 Beds
3 Baths
5,138 Sq Ft
$114/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $540,000 $105 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,773/month

147 Days on Market

About This Home

As of September 2023

This home is located at 531 Tranquility Dr, Highland Lakes, NJ 07422 since 03 April 2023 and is currently estimated at $586,000, approximately $114 per square foot. This property was built in 1996. 531 Tranquility Dr is a home located in Sussex County with nearby schools including Lounsberry Hollow, Rolling Hills Elementary School, and Glen Meadow School.

Last Agent to Sell the Property

Kristi Anderson

BHGRE GREEN TEAM Brokerage Phone: 973-814-7344 Listed on: 04/03/2023

BHGRE GREEN TEAM

Last Buyer's Agent

Kristi Anderson

BHGRE GREEN TEAM Brokerage Phone: 973-814-7344 Listed on: 04/03/2023

BHGRE GREEN TEAM

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1996

Lot Details

  • 12.85 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Year Built: 1996
  • County Name: Sussex
  • Street Number Display: 531
  • I D: 5212817
  • Modified: 2025-07-20
  • Number Images: 1
  • Attribution Contact: 973-814-7344
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.00

Lot Info

  • Lot Size: 12.85 AC
  • Total Acres: 12.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Sep 1, 2023
Sold by
Gallagher Tina and Gallagher Andrew
Bought by
Palmiere Robert and Zimmermann Heather
Seller's Agent
Kristi Anderson
BHGRE GREEN TEAM
Buyer's Agent
Kristi Anderson
BHGRE GREEN TEAM
List Price
$645,000
Sold Price
$540,000
Premium/Discount to List
-$105,000
-16.28%
Views
432
Current Estimated Value
$586,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,000
Avg. Annual Appreciation
4.30%
Original Mortgage
$432,000
Outstanding Balance
$424,853
Interest Rate
6.96%
Mortgage Type
Construction
Estimated Equity
$161,147

Purchase Details

Closed on
Apr 29, 1994
Sold by
Specht Randolph
Bought by
Faugno John
Source: Public Records

Range of Values:

Collateral Analytics

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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
Palmiere Robert $540,000 Atlantic Title
Faugno John $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmiere Robert $432,000
Previous Owner Faugno John $142,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $540,000 -1.8% $105 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
07/25/2023 07/25/23 Price Changed $550,000 -4.3% $107 / Sq Ft
07/19/2023 07/19/23 Price Changed $575,000 -4.2% $112 / Sq Ft
05/24/2023 05/24/23 Price Changed $599,999 -4.0% $117 / Sq Ft
05/09/2023 05/09/23 Price Changed $625,000 -3.1% $122 / Sq Ft
04/03/2023 04/03/23 For Sale $645,000 +95.5% $126 / Sq Ft
10/14/2016 10/14/16 Sold $330,000 -2.7% $64 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $339,000 -- $66 / Sq Ft
Source: Garden State 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 -- $526,300 $144,000 $382,300
2023 -- $559,800 $246,200 $313,600
2022 $0 $557,500 $223,700 $333,800
2021 $0 $444,200 $143,300 $300,900
2020 $11,954 $432,900 $138,800 $294,100
2019 $11,954 $447,500 $126,000 $321,500
Source: Public Records

Agents Affiliated with this Home

  • Kristi Anderson

    Seller's Agent in 2023

    Kristi Anderson

    BHGRE GREEN TEAM

    (973) 476-0878

    106 in this area

    154 Total Sales

    Kristi Anderson
    Section Image
  • Linda McCullough

    Seller's Agent in 2016

    Linda McCullough

    RE/MAX

    (973) 277-1438

    1 in this area

    40 Total Sales

    Linda McCullough
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3836514

Garden State MLS

APN: 22 00491-0000-00017-0000-D0001

New Jersey Sussex County Highland Lakes 07422

531 Tranquility Dr, Highland Lakes, NJ

This home is located at 531 Tranquility Dr, Highland Lakes, NJ 07422 since 03 April 2023 and is currently estimated at $586,000, approximately $114 per square foot. This property was built in 1996. 531 Tranquility Dr is a home located in Sussex County with nearby schools including Lounsberry Hollow, Rolling Hills Elementary School, and Glen Meadow School.

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