NOT LISTED FOR SALE

721 Somerset St Franklin Lakes, NJ 07417

Estimated Value: $1,577,795 - $1,889,000

4 Beds
2.5 Baths
5,264 Sq Ft
$335/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $1,030,000 $196 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $11,411/month

77 Days on Market

Highlights

  • Views to the West
  • Colonial Architecture
  • Cul-De-Sac
  • Colonial Road School Rated A-
  • Deck
  • Skylights

About This Home

As of July 2018

NESTLED IN A PRIME URBAN FARMS CUL DE SAC, THIS BUILDER'S OWN CUSTOM HOME OFFERS CLASSIC SUBURBAN LIVING WITH SPACIOUS FORMAL ROOMS WITH NATURAL LIGHT ENHANCED WITH SOPHISTICATED DETAIL AND NUMEROUS AMENITIES. THE HOME WAS MADE FOR ENTERTAINING WITH A HUGE UPDATED KITCHEN WITH CENTER ISLAND THAT LEADS TO THE FAMILY ROOM WITH FIREPLACE AND THEN TO THE ENORMOUS GREAT ROOM THAT OFFERS A CUSTOM BAR FOR YOUR GUEST'S DINING AND CONVERSATION AREAS. THE SECOND FLOOR BOASTS GENEROUS BEDROOMS AND CLOSETS FEATURING A 1700 SQUARE FOOT MASTER SUITE WITH CLOSETS GALORE, EXERCISE AND SITTING AREA ALONG WITH THE HUGE MASTER BATHROOM. ADDITIONAL FEATURES INCLUDE A RICH MAIN LEVEL OFFICE/LIBRARY THAT PROVIDES A WONDERFUL SPACE FOR WORK AT HOME, A LARGE LAUNDRY AREA, A FULL FINISHED BASEMENT, AND AN OVERSIZED 3 CAR GARAGE WITH AN EXTRA STORAGE ROOM. ALL THIS AND MORE ON LUSH PROPERTY WITH A LARGE PAVER PATIO PLUS A GOLFER'S PRACTICE GREEN AND SAND TRAP TO SHARPEN YOUR GAME. WE INVITE YOU STEP INSIDE

Last Agent to Sell the Property

Robert Lindsay

RE/MAX Properties Select Listed on: 03/21/2018

RE/MAX Properties Select

Last Buyer's Agent

Nancy Satler

Weichert Realtors, Wyckoff

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,665

Year Built

  • 1984

Lot Details

  • 1.3 Acre Lot
  • Cul-De-Sac
  • Sprinkler System

Property Views

  • Views to the West
  • Mountain

Home Design

  • Built in the 1980s
  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • Central Vacuum
  • Skylights
  • Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Security

Listing and Financial Details

  • Assessor Parcel Number 022001106 00016

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,665

Year Built

1984

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Cntr Stairwl
  • Lifestyle: None
  • Miscellaneous: Central Vac, Hdwd As In, Security, Skylights, Sprinklers, WW/Carpet As In, Deck / Patio
  • Views/Exposure: Mountain Vw, West
  • Year Built: 1980's, 2000's, Renovated
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 11
  • Fireplace: 1 Fireplace
  • Bedrooms: 4
  • Total Bathrooms: 2.10
  • Primary Bathroom: Y
  • Full Bathrooms: 2
  • Partial Bathroom: 1
  • Basement: Finished, Full
  • Basement: FULL- FINISHED REC ROOM, GAME ROOM, WORKSHOP
  • Items Not Included: KITCHEN LIGHT FIXTURE
  • Items Included: RANGE, REFRIG,DW,MICRO, W&D, BAR&BSMT REFRIG

Exterior Features

  • Exterior: Brick, Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: 3+car, Attached, Gar Opener, O/See Remk

Utilities

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

Condo/Co-op/Association

  • Association: None

Lot Info

  • County Name: BERGEN
  • Locale: 600
  • Lot: 00016
  • Lot Description: Cul-de-sac
  • Estimated Lot Sq Ft: 56628

Tax Info

  • Tax: 20665
  • Assessor Parcel Number: 022001106 00016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Jul 24, 2018
Sold by
Allaghi Ervin J and Allaghi Doreeb
Bought by
Rubin Mark S and Rubin Joelle C
Seller's Agent
Robert Lindsay
RE/MAX Properties Select
Buyer's Agent
Nancy Satler
Weichert Realtors, Wyckoff
List Price
$1,269,000
Sold Price
$1,030,000
Premium/Discount to List
-$239,000
-18.83%
Total Days on Market
77
Current Estimated Value
$1,765,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$735,449
Avg. Annual Appreciation
8.20%
Original Mortgage
$530,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 1995
Sold by
Grimaldi Dave
Bought by
Exquisite Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.53%
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
Rubin Mark S $1,030,000 --
Exquisite Homes Inc $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubin Mark S $650,000
Closed Rubin Mark S $530,000
Previous Owner Allaghi Ervin $70,000
Previous Owner Allaghi Ervin J $445,000
Previous Owner Allaghi Ervin J $200,000
Previous Owner Allaghi Ervin J $100,000
Previous Owner Allaghi Ervin J $500,000
Previous Owner Allaghi Ervin J $162,000
Previous Owner Allaghi Ervin J $160,000
Previous Owner Allaghi Ervin $320,000
Previous Owner Allaghi Ervin J $1,800,000
Previous Owner Allaghi Ervin J $235,576
Previous Owner Allaghi Ervin J $28,831
Previous Owner Allaghi Ervin $120,000
Previous Owner Exquisite Homes Inc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2018 07/31/18 Sold $1,030,000 -18.8% $196 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $1,269,000 -- $241 / Sq Ft
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 $18,008 $1,040,900 $530,000 $510,900
2023 $17,550 $1,040,900 $530,000 $510,900
2022 $17,550 $1,040,900 $530,000 $510,900
2021 $17,300 $1,040,900 $530,000 $510,900
2020 $16,974 $1,030,000 $530,000 $500,000
2019 $20,742 $1,263,200 $530,000 $733,200
2018 $20,527 $1,263,200 $530,000 $733,200
2017 $20,666 $1,263,200 $530,000 $733,200
2016 $20,729 $1,263,200 $530,000 $733,200
2015 $20,199 $1,263,200 $530,000 $733,200
2014 $19,858 $1,263,200 $530,000 $733,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1810603

New Jersey MLS

APN: 20-01106-0000-00016