NOT LISTED FOR SALE

860 Summit Ave Franklin Lakes, NJ 07417

Estimated Value: $1,682,304 - $1,896,000

5 Beds
6 Baths
4,496 Sq Ft
$400/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $1,100,000 $245 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $11,758/month

195 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Corner Lot
  • Colonial Road School Rated A-
  • Property is near a park
  • Fireplace

About This Home

As of December 2020

Simply not to be missed! This home custom built by current owners offers soo many special features! Unique Rumford wood burning fireplace, antique mantel and columns grace the 2 story Great Room opening to gourmet kitchen with island, 6 burner Russell Range, cherry cabinets, 2 wall ovens, pantry and bar area. Relax in your 1st floor media room! Guests can retire to their private ensuite bedroom with Full bath. Extra features include all walls, floor and ceilings are soundproofed. Radiant heat in all bathrooms. Truly a home to relax and unwind in with your friends and family

Last Agent to Sell the Property

Laurie Burnette

Prominent Properties Sotheby's International Realty-Franklin Lakes Listed on: 03/17/2020

Prominent Properties Sotheby's International Realty-Franklin Lakes

Last Buyer's Agent

Katya McKnight

Christie's International Real Estate Group-Franklin Lakes

Christie's International Real Estate Group-Franklin Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,980

Year Built

  • 1998

Lot Details

  • 0.92 Acre Lot
  • Corner Lot
  • Sprinkler System

Home Design

  • Built in the 1990s
  • Colonial Architecture
  • Stucco Exterior
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

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

Community Details

  • Security

Listing and Financial Details

  • Assessor Parcel Number 022001305 00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,980

Year Built

1998

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Cntr Stairwl
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans
  • Miscellaneous: Central Vac, Hdwd As In, Security, Sprinklers, Deck / Patio
  • Views/Exposure: None
  • Year Built: 1990's
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 13
  • Fireplace: 1 Fireplace
  • Bedrooms: 5
  • Total Bathrooms: 4.20
  • Primary Bathroom: Y
  • Full Bathrooms: 4
  • Partial Bathroom: 2
  • Basement: Full, Prt Finished
  • Basement: Full Rec room
  • Items Not Included: personal items
  • Items Included: Refrigerator, light fixtures, dishwasher, vac

Exterior Features

  • Exterior: Vinyl, Mason/stucco
  • Waterfront: None

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: None

Schools

  • Elementary School: Colonial Road E.S.
  • Middle School: Franklin Ave M.S.
  • High School: Ramapo/Indian Hills

Lot Info

  • County Name: BERGEN
  • Locale: 600
  • Lot: 00022
  • Lot Description: Corner Lot
  • Estimated Lot Sq Ft: 40032

Tax Info

  • Tax: 18980
  • Assessor Parcel Number: 022001305 00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Dec 3, 2020
Sold by
Sanchez Orestes and Sanchez Melody
Bought by
Baltateanu Marius and Lillie Amanda
Seller's Agent
Laurie Burnette
Prominent Properties Sotheby's International Realty-Franklin Lakes
Buyer's Agent
Katya McKnight
Christie's International Real Estate Group-Franklin Lakes
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%
Total Days on Market
195
Current Estimated Value
$1,797,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,826
Avg. Annual Appreciation
11.56%
Original Mortgage
$935,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1998
Sold by
Ckc Developers Llc
Bought by
Sanchez Orestes and Sanchez Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
7.05%

Purchase Details

Closed on
Jul 10, 1997
Sold by
Grimaldi David
Bought by
Ckc Developers Llc
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
Baltateanu Marius $1,100,000 Sunnyside Title Agency
Sanchez Orestes $725,000 --
Ckc Developers Llc $207,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baltateanu Marius $935,000
Previous Owner Males Radiology Llc $350,000
Previous Owner Sanchez Melody $200,000
Previous Owner Halim Sanchez Melody $350,000
Previous Owner Sanchez Orestes $120,000
Previous Owner Sanchez Orestes $40,000
Previous Owner Sanchez Orestes $608,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $1,100,000 +0.1% $245 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/17/2020 09/17/20 Price Changed $1,099,000 -4.4% $244 / Sq Ft
08/14/2020 08/14/20 Price Changed $1,149,000 -4.2% $256 / Sq Ft
06/11/2020 06/11/20 Price Changed $1,199,000 -4.0% $267 / Sq Ft
03/17/2020 03/17/20 For Sale $1,249,000 -- $278 / 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 $19,997 $1,155,900 $445,400 $710,500
2023 $19,488 $1,155,900 $445,400 $710,500
2022 $19,488 $1,155,900 $445,400 $710,500
2021 $18,980 $1,155,900 $445,400 $710,500
2020 $19,049 $1,155,900 $445,400 $710,500
2019 $18,980 $1,155,900 $445,400 $710,500
2018 $18,783 $1,155,900 $445,400 $710,500
2017 $18,911 $1,155,900 $445,400 $710,500
2016 $18,968 $1,155,900 $445,400 $710,500
2015 $18,483 $1,155,900 $445,400 $710,500
2014 $18,171 $1,155,900 $445,400 $710,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20011860

New Jersey MLS

APN: 20-01305-0000-00022