NOT LISTED FOR SALE

624 Franklin Lake Rd Franklin Lakes, NJ 07417

Estimated Value: $1,152,972 - $1,879,000

4 Beds
3.5 Baths
-- Sq Ft
0.78 Acres

Last Sold December 17, 2020

Last sale price $801,000

Est. 68% increase in value since last sale

Current estimated payment $8,164/month

90 Days on Market

Highlights

  • Views to the North
  • Colonial Architecture
  • Fireplace
  • High Mountain Road Elementary School Rated A-
  • Property is near a park
  • Attached Garage

About This Home

As of December 2020

Welcome home to this beautifully expanded Victorian style colonial in sought after Franklin Lakes, set on over 3/4 of an acre or park-like property. Upon arrival, you are greeted by the picturesque wrap around covered front porch featuring walnut flooring. A grand 2 story entry foyer with chandelier and marble floor leads you to a bright and sunny open floor plan boasting an update kitchen with breakfast bar, a very spacious great room with a massive fireplace and glass doors that lead to the patio. Dine in the formal dining room or enjoy a book in the peaceful sitting room. The open staircase to the second floor reveals 3 large bedrooms with ample closets, a full bathroom and a stunning master suite featuring vaulted ceilings, a huge walk in closet and a master bath with jacuzzi tub and double vanities. Not to be forgotten is the huge full finished basement offering a home office and full bathroom. Enjoy the nearby Franklin Lakes preserve and 8 minutes to Radburn station.

Last Agent to Sell the Property

Christopher Tarta

EXP Realty, LLC Listed on: 06/20/2020

EXP Realty, LLC

Last Buyer's Agent

Janet Lee

Prominent Properties Sotheby's International Realty-Ridgewood

Prominent Properties Sotheby's International Realty-Ridgewood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,602

Lot Details

  • 0.78 Acre Lot
  • Rectangular Lot
  • Sprinkler System

Parking

  • Attached Garage

Home Design

  • Built between 1900 - 1939
  • Colonial Architecture
  • Vinyl Construction Material

Interior Spaces

  • Central Vacuum
  • Fireplace
  • Views to the North
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Intercom

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Gas
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 022003207 00001

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,602

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Expanded
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, Extended Family
  • Miscellaneous: Central Vac, Hdwd As In, Intercom, Sprinklers, Well
  • Views/Exposure: North
  • Year Built: 1900-1939, 2000's, Renovated
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 10
  • Fireplace: 1 Fireplace
  • Bedrooms: 4
  • Total Bathrooms: 3.10
  • Primary Bathroom: Y
  • Full Bathrooms: 3
  • Partial Bathroom: 1
  • Basement: Finished, Full
  • Basement: FB, office, rec r,, storage rm, utility rm.

Exterior Features

  • Exterior: Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: Attached, O/See Remk, Park Space, 2 Car Garage

Utilities

  • Heating: Gas, Hot Air, Multi-Zone
  • Sewer: Septic
  • Water Source: Well
  • Cooling: Central Air, Multi-Zone

Condo/Co-op/Association

  • Association: Annual Fee

Lot Info

  • County Name: BERGEN
  • Locale: 600
  • Lot: 00001
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 33977

Tax Info

  • Tax: 11602
  • Assessor Parcel Number: 022003207 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2020
Closed on
Nov 11, 2020
Sold by
Musella Joseph R and Musella Angela R
Bought by
Collins Louis H and Smith Collins Nordia
Seller's Agent
Christopher Tarta
EXP Realty, LLC
Buyer's Agent
Janet Lee
Prominent Properties Sotheby's International Realty-Ridgewood
List Price
$865,000
Sold Price
$801,000
Premium/Discount to List
-$64,000
-7.4%
Current Estimated Value
$1,342,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,743
Avg. Annual Appreciation
12.11%
Original Mortgage
$640,800
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2007
Sold by
Cosenza Anthony J
Bought by
Musella Joseph R and Musella Angela R

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
6.14%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Schiano Arry
Bought by
Cossenza Anthony and Cossenza Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
8.51%
Source: Public Records

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Range of Values:

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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
Collins Louis H $801,000 Adams Abstract Llc
Musella Joseph R $847,000 --
Cossenza Anthony $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Louis H $228,800
Previous Owner Collins Louis H $640,800
Previous Owner Musella Angela R $660,000
Previous Owner Musella Angela R $638,000
Previous Owner Musella Joseph R $125,000
Previous Owner Musella Joseph R $474,800
Previous Owner Musella Joseph R $491,100
Previous Owner Musella Joseph R $500,000
Previous Owner Musella Joseph R $90,300
Previous Owner Musella Joseph R $417,000
Previous Owner Cosenza Anthony J $80,000
Previous Owner Cossenza Anthony $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $801,000 -8.9% --
09/18/2020 09/18/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $879,000 -7.4% --
06/21/2020 06/21/20 Price Changed $949,000 +9.7% --
06/20/2020 06/20/20 For Sale $865,000 -- --
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
2024 $12,451 $719,700 $320,400 $399,300
2023 $12,134 $719,700 $320,400 $399,300
2022 $12,134 $719,700 $320,400 $399,300
2021 $11,867 $714,000 $320,400 $393,600
2020 $11,767 $714,000 $320,400 $393,600
2019 $11,724 $714,000 $320,400 $393,600
2018 $11,603 $714,000 $320,400 $393,600
2017 $11,681 $714,000 $320,400 $393,600
2016 $11,717 $714,000 $320,400 $393,600
2015 $11,417 $714,000 $320,400 $393,600
2014 $11,224 $689,000 $320,400 $368,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20023235

New Jersey MLS

APN: 20-03207-0000-00001