$725,000
SOLD APR 17, 2025

71 Franklin St Morristown, NJ 07960

3 Beds
2 Baths
1,626 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$446 Per Sq Ft

15% Above List Price

12 Days on Market

About This Home

As of April 2025

This home is located at 71 Franklin St, Morristown, NJ 07960 and is currently priced at $725,000, approximately $445 per square foot. This property was built in 1926. 71 Franklin St is a home located in Morris County with nearby schools including Hillcrest School, Thomas Jefferson School, and Alexander Hamilton School.

Last Agent to Sell the Property

Scott Shuman

KELLER WILLIAMS REALTY Brokerage Phone: 908-273-2991 Listed on: 02/19/2025

KELLER WILLIAMS REALTY

Last Buyer's Agent

Christine Bond

WEICHERT REALTORS

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1926

Lot Details

  • 6,098 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Year Built: 1926
  • County Name: Morris
  • I D: 5338521
  • Attribution Contact: 908-273-2991
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 6165SF
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2025
Closed on
Apr 15, 2025
Sold by
Smith Michelle A and Alexander Michelle
Bought by
Gimigliano Mark and Gimigliano Margaret A
Seller's Agent
Scott Shuman
KELLER WILLIAMS REALTY
Buyer's Agent
Christine Bond
WEICHERT REALTORS
List Price
$628,000
Sold Price
$725,000
Premium/Discount to List
$97,000
15.45%
Views
198
Current Estimated Value
$755,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,892
Avg. Annual Appreciation
6.74%
Original Mortgage
$580,000
Outstanding Balance
$577,410
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$178,482

Purchase Details

Closed on
Apr 27, 2004
Sold by
Alexander James
Bought by
Alexander Michelle
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Type Sale Price Title Company
Bargain Sale Deed $725,000 Heritage Abstract
Bargain Sale Deed $725,000 Heritage Abstract
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $580,000 New Conventional
Closed $580,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2025 04/17/25 Sold $725,000 +15.4% $446 / Sq Ft
03/03/2025 03/03/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $628,000 -- $386 / 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 $8,710 $553,000 $369,600 $183,400
2024 $9,959 $553,000 $369,600 $183,400
2023 $9,959 $342,700 $239,700 $103,000
2022 $9,842 $342,700 $239,700 $103,000
2021 $9,842 $342,700 $239,700 $103,000
2020 $9,880 $342,700 $239,700 $103,000
2019 $9,877 $342,700 $239,700 $103,000
2018 $9,750 $342,700 $239,700 $103,000
2017 $9,459 $342,700 $239,700 $103,000
2016 $9,215 $342,700 $239,700 $103,000
2015 $8,996 $342,700 $239,700 $103,000
2014 $8,896 $342,700 $239,700 $103,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Scott Shuman

    KELLER WILLIAMS REALTY

    (862) 812-3237

    15 in this area

    460 Total Sales

    Scott Shuman
    Section Image
  • Christine Bond

    Buyer's Agent in 2025

    Christine Bond

    WEICHERT REALTORS

    (862) 354-3646

    1 in this area

    128 Total Sales

    Christine Bond
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3946702

Garden State MLS

APN: 24-04302-0000-00003

New Jersey Morris County Morristown 07960

71 Franklin St, Morristown, NJ

Sold

Detached

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