NOT LISTED FOR SALE

54 Franklin Place Morris Plains, NJ 07950

Estimated Value: $805,000 - $852,000

4 Beds
3 Baths
1,713 Sq Ft
$482/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $575,000 $336 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,420/month

7 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Formal Dining Room
  • Mountain Way Elementary School Rated A-
  • Wood Flooring
  • Thermal Windows

About This Home

As of September 2019

This house has been fully renovated with the best of materials, plans, and workmanship..sophisticated kitchen with soapstone counter tops, limestone floor and backsplash,stainless appliances and access to two car garage, full bath with tub/shower and bedroom on first floor, living room and dining room...three bedrooms on second floor with full bath with pedestal sink and tile shower stall... finished walkout lower level is absolutely top-of-the-line with cove lighting, kitchenette, and luxurious full bathroom with oversized shower stall/body sprays.. LED cove and detail lighting throughout house, Marvin windows, full sprinkler system, amazing gardens, deck, patio, fully fenced flat, open yard surrounded by evergreen trees for full privacy..Attention to detail at every turn!

Last Agent to Sell the Property

LOU ANN FELLERS

KL SOTHEBY'S INT'L. REALTY Listed on: 08/08/2019

Last Buyer's Agent

LOU ANN FELLERS

KL SOTHEBY'S INT'L. REALTY Listed on: 08/08/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,027

Year Built

  • Built in 1948

Lot Details

  • 0.39 Acre Lot
  • Fenced
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Paver Block

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Composition Shingle Roof
  • Tile

Interior Spaces

  • Thermal Windows
  • Blinds
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Front Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio

Schools

  • Mt. Way Elementary School
  • Borough Middle School
  • Morristown High School

Utilities

  • Central Air
  • Radiator
  • Radiant Heating System
  • Standard Electricity
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 2323-00067-0000-00010-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,027

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1948
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 54
  • Directions: Mountain Way or Speedwell to Franklin to sign
  • I D: 4921455
  • Modified: 2021-09-23
  • Number Images: 23
  • Section Subdiv Development: in town
  • First Name: LOU ANN
  • First Name3: LOU ANN
  • Last Name: FELLERS
  • Last Name3: FELLERS
  • Office Phone: 237433
  • Office Phone3: 237433
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Washer, Dishwasher, Water Softener-Own, Dryer
  • Interior Amenities: TubShowr, Security System, Blinds, Fire Extinguisher, Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 8
  • Bedrooms: 4
  • Master Bedroom Desc: 1st Floor, Full Bath
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: First
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Basement Level Rooms: Utility Room, Walkout, Storage Room, Bath(s) Other, Family Room, Kitchen
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: Basement
  • Kitchen Area: Separate Dining Area
  • Kitchen Dim: 13x11
  • Kitchen Level: First
  • Living Room Dim: 15x13
  • Living Room Level: First
  • Other Room 1: SittngRm
  • Other Room1 Dim: 16x7
  • Other Room1 Level: Second
  • Other Room 2: Laundry Room
  • Other Room2 Dim: 12x7
  • Other Room2 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Living Room, Dining Room, Entrance Vestibule, Bath(s) Other, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Phone: 973-543-3500

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Underground Lawn Sprinkler, Patio, Metal Fence, Deck, Sidewalk, Thermal Windows/Doors
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Paver Block

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Radiant - Electric, Radiators - Hot Water
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: Mt. Way
  • Middle School: Borough
  • High School: Morristown
  • High School: Morristown
  • Middle Jr High School: Borough

Lot Info

  • Lot Size: .387 AC
  • Assessed Improvement Value: 188800
  • Assessed Land Value: 253700
  • Assessment: 442500
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot Identifier: 10
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.39
  • Zoning: residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10027
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2323-00067-0000-00010-0000-
  • Tax Rate Amount: 2.266
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Mt. Way

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2019
Closed on
Sep 13, 2019
Sold by
Degroot Dorothy A
Bought by
Aizawa Kenneth and Aizawa Angela
Seller's Agent
LOU ANN FELLERS
KL SOTHEBY'S INT'L. REALTY
Buyer's Agent
LOU ANN FELLERS
KL SOTHEBY'S INT'L. REALTY
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$825,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,456
Avg. Annual Appreciation
5.38%
Original Mortgage
$460,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 1997
Sold by
Simonutti Mario
Bought by
Degroot Dorothy A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aizawa Kenneth $575,000 Acres Land Title Agency Inc
Degroot Dorothy A $77,666 --
Degroot Dorothy A $155,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aizawa Kenneth $458,000
Closed Aizawa Kenneth $460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2019 09/09/19 Sold $575,000 +4.5% $336 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $550,000 -- $321 / 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 $11,058 $442,500 $253,700 $188,800
2023 $11,058 $442,500 $253,700 $188,800
2022 $10,837 $442,500 $253,700 $188,800
2021 $10,363 $442,500 $253,700 $188,800
2020 $10,567 $442,500 $253,700 $188,800
2019 $10,363 $442,500 $253,700 $188,800
2018 $9,529 $420,500 $253,700 $166,800
2017 $9,339 $420,500 $253,700 $166,800
2016 $9,011 $420,500 $253,700 $166,800
2015 $9,053 $420,500 $253,700 $166,800
2014 $8,948 $420,500 $253,700 $166,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    LOU ANN FELLERS

    KL SOTHEBY'S INT'L. REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3579041

Garden State MLS

APN: 23-00067-0000-00010

New Jersey Morris County Morris Plains 07950

54 Franklin Place, Morris Plains, NJ

This home is located at 54 Franklin Place, Morris Plains, NJ 07950 since 08 August 2019 and is currently estimated at $825,456, approximately $481 per square foot. This property was built in 1948. 54 Franklin Place is a home located in Morris County with nearby schools including Mountain Way Elementary School, Borough School, and The Red Oaks 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes