NOT LISTED FOR SALE

716 Somerset St Franklin Lakes, NJ 07417

Estimated Value: $1,717,000 - $2,564,000

-- Bed
-- Bath
6,150 Sq Ft
$343/Sq Ft Est. Value

About This Home

This home is located at 716 Somerset St, Franklin Lakes, NJ 07417 and is currently estimated at $2,108,439, approximately $342 per square foot. 716 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
Dec 13, 2004
Sold by
Kramer Paul
Bought by
Smith Derek and Smith Jill
Current Estimated Value
$2,108,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.73%
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
Smith Derek $2,000,000 --
-- $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jill A $500,000
Closed Smith Redek T $500,000
Closed Smith Derek T $700,000
Closed -- $1,000,000
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
2024 $27,632 $1,597,200 $534,000 $1,063,200
2023 $26,929 $1,597,200 $534,000 $1,063,200
2022 $26,929 $1,597,200 $534,000 $1,063,200
2021 $26,226 $1,597,200 $534,000 $1,063,200
2020 $26,322 $1,597,200 $534,000 $1,063,200
2019 $26,226 $1,597,200 $534,000 $1,063,200
2018 $25,955 $1,597,200 $534,000 $1,063,200
2017 $26,130 $1,597,200 $534,000 $1,063,200
2016 $26,210 $1,597,200 $534,000 $1,063,200
2015 $25,939 $1,622,200 $534,000 $1,088,200
2014 $25,501 $1,622,200 $534,000 $1,088,200
Source: Public Records

Map

New Jersey Bergen County Franklin Lakes 07417

716 Somerset St, Franklin Lakes, NJ

This home is located at 716 Somerset St, Franklin Lakes, NJ 07417 and is currently estimated at $2,108,439, approximately $342 per square foot. 716 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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