NOT LISTED FOR SALE

820 Summit Ave Franklin Lakes, NJ 07417

Estimated Value: $3,380,000 - $3,605,913

6 Beds
7 Baths
6,299 Sq Ft
$560/Sq Ft Est. Value

Sale Details

Date Sold: October 29, 2024

Last sale price $3,900,000 $619 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $21,550 / mo

36 Days on Market

About This Home

As of October 2024

This home is located at 820 Summit Ave, Franklin Lakes, NJ 07417 since 08 July 2024 and is currently estimated at $3,528,971, approximately $560 per square foot. This property was built in 1997. 820 Summit Ave is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Indian Hills High School.

Last Agent to Sell the Property

John Kuhn

CHRISTIE'S INT. REAL ESTATE GROUP Brokerage Phone: 201-904-2085 Listed on: 07/08/2024

CHRISTIE'S INT. REAL ESTATE GROUP

Last Buyer's Agent

Joseph Aziz

PRESTIGE PROPERTY GROUP MONTCLAIR

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 2.5 Acre Lot

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

2.5 Acres

Listing Details

  • Year Built: 1997
  • County Name: Bergen
  • I D: 5298694
  • Attribution Contact: 201-904-2085
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 6
  • Bathrooms: 6.10

Lot Info

  • Lot Size: 2.50 AC
  • Total Acres: 2.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Oct 25, 2024
Sold by
Yazdi Shahrum S and Mondana Sepahi
Bought by
Jacob Tony and Jacob Blessy
Seller's Agent
John Kuhn
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
Joseph Aziz
PRESTIGE PROPERTY GROUP MONTCLAIR
List Price
$4,300,000
Sold Price
$3,900,000
Premium/Discount to List
-$400,000
-9.3%
Views
48
Current Estimated Value
$3,528,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$371,029
Avg. Annual Appreciation
-6.57%
Original Mortgage
$2,925,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 1996
Sold by
Nigro Construction Co Inc
Bought by
Yazdi Shahrum S and Yazdi Mondana Sepahi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.75%
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 Buyer Sale Price Title Company
Jacob Tony $3,900,000 Old Republic National Title
Yazdi Shahrum S $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacob Tony $2,925,000
Previous Owner Yazdi Shahrum S $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $3,900,000 -9.3% $619 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $4,300,000 -- $683 / Sq Ft
Source: Garden State MLS

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 $35,625 $1,983,600 $579,500 $1,404,100
2024 $34,316 $1,983,600 $579,500 $1,404,100
2023 $33,444 $1,983,600 $579,500 $1,404,100
2022 $33,443 $1,983,600 $579,500 $1,404,100
2021 $32,967 $1,983,600 $579,500 $1,404,100
2020 $32,690 $1,983,600 $579,500 $1,404,100
2019 $32,571 $1,983,600 $579,500 $1,404,100
2018 $32,233 $1,983,600 $579,500 $1,404,100
2017 $32,452 $1,983,600 $579,500 $1,404,100
2016 $32,551 $1,983,600 $579,500 $1,404,100
2015 $31,718 $1,974,300 $579,500 $1,394,800
2014 $31,036 $1,974,300 $579,500 $1,394,800
Source: Public Records

Agents Affiliated with this Home

  • John Kuhn

    Seller's Agent in 2024

    John Kuhn

    CHRISTIE'S INT. REAL ESTATE GROUP

    (201) 264-3722

    13 in this area

    23 Total Sales

    John Kuhn
    Section Image
  • Joseph Aziz

    Buyer's Agent in 2024

    Joseph Aziz

    PRESTIGE PROPERTY GROUP MONTCLAIR

    (201) 708-5067

    3 in this area

    228 Total Sales

    Joseph Aziz
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3911906

Garden State MLS

APN: 20-01308-0000-00001

New Jersey Bergen County Franklin Lakes 07417

820 Summit Ave, Franklin Lakes, NJ

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