Seller's Agent in 2018
Robert Lindsay
RE/MAX
(973) 464-0645
12 Total Sales
721 Somerset St Franklin Lakes, NJ 07417
Estimated Value: $1,659,068 - $1,904,000
4
Beds
2.5
Baths
5,264
Sq Ft
$334/Sq Ft
Est. Value
Highlights
- Sitting Area In Primary Bedroom
- Colonial Architecture
- Wood Flooring
- Colonial Road School Rated A-
- Recreation Room
- Attic
About This Home
As of July 2018NESTLED 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 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 4 GENEROUS BEDROOMS AND CLOSETS FEATURING A 1700 SQUARE FOOT MASTER SUITE WITH CLOSETS GALORE, EXERCISE AND SITTING AREA ALONG WITH THE HUGE MASTER BATHROOM. ADDT'L FEATURES INCLUDE A BEAUTIFUL MAIN LEVEL OFFICE/LIBRARY THAT'S GREAT SPACE TO WORK AT HOME, OVERSIZE 3 CAR GARAGE WITH STORAGE ROOM, GREAT PROPERTY W/PATIO AND GOLFER'S PRACTICE GREEN/SAND TRAP.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,665
Year Built
- Built in 1984 | Remodeled
Lot Details
- 1.3 Acre Lot
- Cul-De-Sac
- Level Lot
- Sprinkler System
Parking
- 3 Car Direct Access Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Vinyl Siding
- Tile
Interior Spaces
- Wet Bar
- High Ceiling
- Skylights
- Wood Burning Fireplace
- Entrance Foyer
- Family Room with Fireplace
- Great Room
- Living Room
- Breakfast Room
- Formal Dining Room
- Library
- Recreation Room
- Game Room
- Workshop
- Storage Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Attic
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
Flooring
- Wood
- Wall to Wall Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- Sitting Area In Primary Bedroom
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Powder Room
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Patio
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Zoned Heating and Cooling System
- Radiant Heating System
- Standard Electricity
- Gas Water Heater
- Septic System
Listing and Financial Details
- Assessor Parcel Number 1120-01106-0000-00016-0000-
- Tax Block *
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
List Price
$1,269,000
Sold Price
$1,050,000
Premium/Discount to List
-$219,000
-17.26%
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
$707,767
Avg. Annual Appreciation
6.83%
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%
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 |
|---|---|---|---|
| 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 | $530,000 | |
| 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 | $1,050,000 | -17.3% | $199 / Sq Ft |
| 06/06/2018 06/06/18 | Pending | -- | -- | -- |
| 03/21/2018 03/21/18 | For Sale | $1,269,000 | -- | $241 / 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 | $18,695 | $1,040,900 | $530,000 | $510,900 |
| 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
-
Robert Lindsay
Map
Source: Garden State MLS
MLS Number: 3455320
APN: 20-01106-0000-00016
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