NOT LISTED FOR SALE

550 Franklin Ave Franklin Lakes, NJ 07417

Estimated Value: $705,000 - $861,000

3 Beds
3 Baths
1,956 Sq Ft
$418/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $800,000 $409 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,122/month

7 Days on Market

About This Home

As of September 2023

This home is located at 550 Franklin Ave, Franklin Lakes, NJ 07417 since 25 May 2023 and is currently estimated at $816,817, approximately $417 per square foot. This property was built in 1965. 550 Franklin Ave is a home located in Bergen County with nearby schools including Woodside Avenue Elementary School, Franklin Avenue Middle School, and Ramapo High School.

Last Agent to Sell the Property

JOHN PETRONE

REALTY ONE GROUP SUNRISE Brokerage Phone: 201-265-7000 Listed on: 05/25/2023

Last Buyer's Agent

JOSEPH ZEMAITES

MARY DAVIS REAL ESTATE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,051

Year Built

  • Built in 1965

Lot Details

  • 0.52 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,051

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • County Name: Bergen
  • Street Number Display: 550
  • I D: 5223458
  • Modified: 2024-09-09
  • Number Images: 1
  • Attribution Contact: 201-265-7000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .52 AC
  • Total Acres: 0.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Aug 31, 2023
Sold by
Jazzaro Dina
Bought by
Rocchio Anthony and Rocchio Tamar
Seller's Agent
JOHN PETRONE
REALTY ONE GROUP SUNRISE
Buyer's Agent
JOSEPH ZEMAITES
MARY DAVIS REAL ESTATE INC
List Price
$799,950
Sold Price
$800,000
Premium/Discount to List
$50
0.006%
Views
454
Current Estimated Value
$816,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,817
Avg. Annual Appreciation
4.74%
Original Mortgage
$560,000
Outstanding Balance
$550,629
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$325,756

Purchase Details

Closed on
May 20, 2020
Sold by
Lazzaro Dina and Estate Of Alireza Foroushani
Bought by
Lazzaro Dina

Purchase Details

Closed on
Nov 19, 2007
Sold by
Garcia Esther
Bought by
Foroushani Alireza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.3%
Mortgage Type
New Conventional
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
Rocchio Anthony $800,000 Grandview Title
Lazzaro Dina -- None Available
Foroushani Alireza $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocchio Anthony $560,000
Previous Owner Foroushani Alireza $405,000
Previous Owner Foroushani Alireza $417,000
Previous Owner Foroushani Alireza $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $800,000 0.0% $409 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $799,950 -- $409 / 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
2025 $8,051 $448,300 $295,200 $153,100
2024 $7,461 $448,300 $295,200 $153,100
2023 $7,272 $431,300 $295,200 $136,100
2022 $7,272 $431,300 $295,200 $136,100
2021 $7,167 $431,300 $295,200 $136,100
2020 $7,108 $431,300 $295,200 $136,100
2019 $7,082 $431,300 $295,200 $136,100
2018 $7,009 $431,300 $295,200 $136,100
2017 $7,056 $431,300 $295,200 $136,100
2016 $7,078 $431,300 $295,200 $136,100
2015 $6,896 $431,300 $295,200 $136,100
2014 $6,780 $431,300 $295,200 $136,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    JOHN PETRONE

    REALTY ONE GROUP SUNRISE

  • J

    Buyer's Agent in 2023

    JOSEPH ZEMAITES

    MARY DAVIS REAL ESTATE INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3845864

Garden State MLS

APN: 20-02414-0000-00005-03

New Jersey Bergen County Franklin Lakes 07417

550 Franklin Ave, Franklin Lakes, NJ

This home is located at 550 Franklin Ave, Franklin Lakes, NJ 07417 since 25 May 2023 and is currently estimated at $816,817, approximately $417 per square foot. This property was built in 1965. 550 Franklin Ave is a home located in Bergen County with nearby schools including Woodside Avenue Elementary School, Franklin Avenue Middle School, and Ramapo High School.

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