NOT LISTED FOR SALE

948 Colonial Rd Franklin Lakes, NJ 07417

Estimated Value: $1,469,969 - $1,587,000

2.62 Acres
$583,391 Price per Acre
114,127 Sq Ft Lot

Last Sold March 10, 2023

Last sale price $1,300,000 $737 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,379/month

5 Days on Market

About This Lot

As of March 2023

Oversized 2.6+ acre flat lot in the prestigious Franklin Lakes. Amazing location, surrounded by multimillion-dollar homes. True opportunity to build your dream home on this property. Deep lot can accommodate a large home. Top rated school system, easy access to major highways, and quick commute to NYC.

Last Agent to Sell the Property

Taylor Lucyk

Christie's International Real Estate Group-Paramus Listed on: 02/24/2023

Last Buyer's Agent

Taylor Lucyk

Christie's International Real Estate Group-Paramus Listed on: 02/24/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,511

Year Built

  • 1961

Lot Details

Listing and Financial Details

  • Legal Lot and Block 00004 / 01204

Property Details

Property Type

Land

Est. Annual Taxes

$11,511

Year Built

1961

Lot Details

0

Listing Details

  • Property Type: Land
  • Co List Office Phone: (201) 476-0777
  • MLS Status: Sold - Sold
  • Directions: b/w Dogwood Trail and Franklin Farms Court
  • PropertySubTypeAdditional: Sngl Fam
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1961

Exterior Features

  • Waterfront Features: None
  • Disclosures: Seller's Agent
  • Lot Improvements: None

Lot Info

  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 11511.0
  • Tax Block: 01204
  • Tax Lot: 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2023
Sold by
Autumn Group Llc
Bought by
Chipiga Katrina
Total Days on Market
5
Current Estimated Value
$1,528,485

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 9, 2023
Sold by
Panrod Llc
Bought by
948 Colonial Road Llc
Seller's Agent
Taylor Lucyk
Christie's International Real Estate Group-Paramus
Buyer's Agent
Taylor Lucyk
Christie's International Real Estate Group-Paramus
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Sep 8, 2021
Sold by
Vitale Joseph and Vitale Christopher
Bought by
Panrod Llc
Source: Public Records

Range of Values:

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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
Chipiga Katrina $3,400,000 Grandview Title
948 Colonial Road Llc $1,300,000 Fidelity National Title
Panrod Llc $1,000,000 Nuco Title Ins Agcy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sidlovsky Richard $5,000,000
Previous Owner Frassetto Salvatore V $431,257
Previous Owner Sidlovsky Richard $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $1,300,000 -13.3% $737 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $1,500,000 -- $850 / 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 $9,591 $554,400 $554,400 $0
2023 $11,677 $554,400 $554,400 $0
2022 $11,677 $692,600 $554,400 $138,200
2021 $10,339 $692,600 $554,400 $138,200
2020 $11,414 $692,600 $554,400 $138,200
2019 $11,372 $692,600 $554,400 $138,200
2018 $11,255 $692,600 $554,400 $138,200
2017 $11,331 $692,600 $554,400 $138,200
2016 $11,366 $692,600 $554,400 $138,200
2015 $10,825 $692,600 $554,400 $138,200
2014 $10,638 $692,600 $554,400 $138,200
Source: Public Records

Agents Affiliated with this Home

  • Taylor Lucyk

    Seller's Agent in 2023

    Taylor Lucyk

    Christie's International Real Estate Group-Paramus

    (201) 360-1292

    13 in this area

    714 Total Sales

    Taylor Lucyk
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Map

Source: New Jersey MLS

MLS Number: 23005486

New Jersey MLS

APN: 20-01204-0000-00004

New Jersey Bergen County Franklin Lakes 07417

948 Colonial Rd, Franklin Lakes, NJ

This home is located at 948 Colonial Rd, Franklin Lakes, NJ 07417 since 24 February 2023 and is currently estimated at $1,528,485, approximately $866 per square foot. This property was built in 1961. 948 Colonial Rd is a home located in Bergen County with nearby schools including Colonial Road School, Franklin Avenue Middle School, and Indian Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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