Seller's Agent in 2017
Mary Premtaj
COMPASS NEW JERSEY LLC
(201) 410-8022
53 in this area
129 Total Sales
703 Somerset St Franklin Lakes, NJ 07417
Estimated Value: $1,325,000 - $2,091,000
5
Beds
6
Baths
5,424
Sq Ft
$338/Sq Ft
Est. Value
Highlights
- Sauna
- Colonial Architecture
- Recreation Room
- Colonial Road School Rated A-
- Family Room with Fireplace
- Jetted Tub in Primary Bathroom
About This Home
As of October 2017Classic architecture meets NYC chic to create a timeless, modern home in a desirable neighborhood. The merging of a manor-like exterior w/contemporary floor plan makes for a prized environment. This exquisitely designed home unifies well proportioned rooms, large fl to ceiling windows, fpls, skylights, and hardwoods. The kit opens to the brkfst rm & fam rm w/ walls of windows overlooking the landscaped private yard. The property features an expansive stone patio, pool/w hot tub & cabana w/full bth, built-in BBQ, koi pond, volley ball area, & lush lawns. Visit the Gr Rm w/stone fpl & authentic bar. More highlts inc. a Mastr Suite w/huge WIC, Guest Suite w/new marble bath & 1st fl br/new bth. Fin LL boasts billiards + media rm, gym & sauna. A timeless, elegant home that offers the ultimate in lifestyle.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,680
Year Built
- Built in 1985
Lot Details
- 0.96 Acre Lot
- Level Lot
Parking
- 2 Car Attached Garage
- Circular Driveway
Home Design
- Colonial Architecture
- Brick Exterior Construction
Interior Spaces
- Dry Bar
- Beamed Ceilings
- Skylights
- Entrance Foyer
- Family Room with Fireplace
- 2 Fireplaces
- Great Room with Fireplace
- Living Room
- Formal Dining Room
- Recreation Room
- Game Room
- Utility Room
- Sauna
- Home Gym
Kitchen
- Breakfast Bar
- Gas Oven or Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Powder Room
- Jetted Tub in Primary Bathroom
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Colonial Road Elementary School
- Franklin Middle School
- Ramapo High School
Utilities
- Zoned Heating and Cooling System
- Septic System
Listing and Financial Details
- Assessor Parcel Number 1120-01106-0002-00006-0000-
- Tax Block *
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2017
Closed on
Oct 19, 2017
Sold by
Russo Alexander and Russo Geraldine
Bought by
Latsos Anastasia
Seller's Agent
Mary Premtaj
COMPASS NEW JERSEY LLC
Buyer's Agent
Mary Premtaj
COMPASS NEW JERSEY LLC
List Price
$1,725,000
Sold Price
$1,410,000
Premium/Discount to List
-$315,000
-18.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$782,819
Avg. Annual Appreciation
5.82%
Purchase Details
Closed on
Oct 19, 2005
Sold by
Arnold Richard
Bought by
Russo Alexander and Russo Geraldine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,287,000
Interest Rate
6.14%
Purchase Details
Closed on
Dec 5, 2000
Sold by
Macagna Anthony
Bought by
Arnold Richard and Arnold Jennifer
Purchase Details
Closed on
Dec 30, 1999
Sold by
Ceross Zoltan P and Ceross Luciana A
Bought by
Macagna Anthony and Macagna Nina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8%
Mortgage Type
Balloon
Purchase Details
Closed on
Dec 29, 1993
Sold by
Mastroeni Thomas
Bought by
Ceross Zoltan and Ceross Luciana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Latsos Anastasia | $1,410,000 | -- | |
| Russo Alexander | $1,980,000 | -- | |
| Arnold Richard | $1,295,000 | -- | |
| Arnold Richard | $1,295,000 | -- | |
| Macagna Anthony | $735,000 | -- | |
| Ceross Zoltan | $800,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Latsos Anastasia | $100,000 | |
| Previous Owner | Russo Alexander | $700,000 | |
| Previous Owner | Russo Alexander | $1,287,000 | |
| Previous Owner | Macagna Anthony S | $360,000 | |
| Previous Owner | Ceross Zoltan | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2017 10/20/17 | Sold | $1,410,000 | -18.3% | $260 / Sq Ft |
| 10/10/2017 10/10/17 | Pending | -- | -- | -- |
| 06/19/2017 06/19/17 | For Sale | $1,725,000 | -- | $318 / Sq Ft |
Source: Garden State MLS
Tax History Compared to Growth
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 | $25,324 | $1,410,000 | $492,000 | $918,000 |
| 2024 | $24,393 | $1,410,000 | $492,000 | $918,000 |
| 2023 | $23,773 | $1,410,000 | $492,000 | $918,000 |
| 2022 | $23,773 | $1,410,000 | $492,000 | $918,000 |
| 2021 | $23,434 | $1,410,000 | $492,000 | $918,000 |
| 2020 | $23,237 | $1,410,000 | $492,000 | $918,000 |
| 2019 | $23,152 | $1,410,000 | $492,000 | $918,000 |
| 2018 | $24,440 | $1,504,000 | $492,000 | $1,012,000 |
| 2017 | $24,605 | $1,504,000 | $492,000 | $1,012,000 |
| 2016 | $24,681 | $1,504,000 | $492,000 | $1,012,000 |
| 2015 | $24,049 | $1,504,000 | $492,000 | $1,012,000 |
| 2014 | $23,643 | $1,504,000 | $492,000 | $1,012,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Garden State MLS
MLS Number: 3398187
APN: 20-01106-02-00006
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