NOT LISTED FOR SALE

701 Somerset St Franklin Lakes, NJ 07417

Estimated Value: $1,607,473 - $2,013,000

-- Bed
-- Bath
4,092 Sq Ft
$430/Sq Ft Est. Value

About This Home

This home is located at 701 Somerset St, Franklin Lakes, NJ 07417 and is currently estimated at $1,758,118, approximately $429 per square foot. 701 Somerset St is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Indian Hills High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 1994
Sold by
Korea First Bank Of Ny
Bought by
Raouf Medhat and Raouf Maha
Current Estimated Value
$1,981,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
7.7%
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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First American

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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.

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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
Raouf Medhat $580,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raouf Medhat M $300,000
Closed Raouf Medhat M $405,000
Closed Raouf Medhat M $300,000
Closed Raouf Medhat $464,000
Source: Public Records

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 $22,145 $1,233,000 $488,000 $745,000
2024 $21,331 $1,233,000 $488,000 $745,000
2023 $20,788 $1,233,000 $488,000 $745,000
2022 $20,788 $1,233,000 $488,000 $745,000
2021 $20,492 $1,233,000 $488,000 $745,000
2020 $20,320 $1,233,000 $488,000 $745,000
2019 $20,246 $1,233,000 $488,000 $745,000
2018 $20,036 $1,233,000 $488,000 $745,000
2017 $20,172 $1,233,000 $488,000 $745,000
2016 $20,234 $1,233,000 $488,000 $745,000
2015 $19,716 $1,233,000 $488,000 $745,000
2014 $19,383 $1,233,000 $488,000 $745,000
Source: Public Records

Map

New Jersey Bergen County Franklin Lakes 07417

701 Somerset St, Franklin Lakes, NJ

This home is located at 701 Somerset St, Franklin Lakes, NJ 07417 and is currently estimated at $1,758,118, approximately $429 per square foot. 701 Somerset St is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Indian Hills High School.

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