NOT LISTED FOR SALE

950 Scioto Dr Franklin Lakes, NJ 07417

Estimated Value: $1,933,000 - $2,178,000

5 Beds
4.5 Baths
-- Sq Ft
0.95 Acres

Last Sold December 30, 2019

Last sale price $1,300,000

Est. 54% increase in value since last sale

Current estimated payment $12,949/month

58 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Skylights
  • High Mountain Road Elementary School Rated A-
  • Property is near a park
  • Fireplace

About This Home

As of December 2019

Come inherit the lifestyle of previously established status on what is one of the best, if not the best, streets in Franklin Lakes. Cascades of tree-lined pathways lead you to this completely renovated luxury home. When walking through the threshold, into the grand foyer that showcases the custom design and woodworking, you cannot help but feel the reinterpretation of what could be described as a celebrity pedigree lifestyle. This 5 bedroom with 4 full and 1 half bath masterpiece is just looking for the next holiday event to host. Panoramic views of mountains and Franklin Lake allows for a seamless integration of indoor to outdoor space. Sipping your favorite beverage while listening to the tranquil waterfall and reading your favorite book will be one of your favorite things to do, savor the excellence for years to come! Floor plan on virtual tour with room measurements. (approx 4497 sq ft)

Last Listed By

Maryanne Elsaesser

Compass New Jersey, LLC-Ridgewood Listed on: 09/04/2019

Compass New Jersey, LLC-Ridgewood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,176

Year Built

  • 1994

Lot Details

  • 0.95 Acre Lot
  • Irregular Lot
  • Sprinkler System

Home Design

  • Built in the 1990s
  • Colonial Architecture
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • Central Vacuum
  • Skylights
  • Fireplace

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
  • Well
  • Septic System

Community Details

  • Security

Listing and Financial Details

  • Assessor Parcel Number 0220021010010000010003

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,176

Year Built

1994

Lot Details

0

Listing Details

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

Interior Features

  • Number of Rooms: 10
  • Fireplace: 1 Fireplace
  • Bedrooms: 5
  • Total Bathrooms: 4.10
  • Primary Bathroom: Y
  • Full Bathrooms: 4
  • Partial Bathroom: 1
  • Basement: Unfinished
  • Basement: Full, unfinished
  • Items Not Included: LR fireplace

Exterior Features

  • Exterior: Other, Stone, Mason/stucco
  • Waterfront: None

Garage/Parking

  • Garage: 3+car, Attached, Gar Opener

Utilities

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

Condo/Co-op/Association

  • Association: None

Schools

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

Lot Info

  • County Name: BERGEN
  • Locale: 600
  • Lot: 00001
  • Lot Description: Irregular
  • Estimated Lot Sq Ft: 41556
  • Lot Suffux: 0003

Tax Info

  • Tax: 20176
  • Assessor Parcel Number: 0220021010010000010003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2024
Sold by
Ottomanelli Michael F
Bought by
Mf Ottomanelli Trust and Ottomanelli
Total Days on Market
58
Current Estimated Value
$2,003,203

Purchase Details

Closed on
Mar 29, 2024
Sold by
Ottomanelli Michael F and Ottomanelli Michael J
Bought by
Ottomanelli Michael F

Purchase Details

Closed on
Dec 12, 2014
Sold by
Dubov Marjorie L
Bought by
Marjorie Lynn Dubov Qualified Personal R

Purchase Details

Closed on
Dec 11, 2014
Sold by
Dubov Alan M and Dubov Marjorie L
Bought by
Dubov Marjorie L

Purchase Details

Closed on
May 30, 2014
Sold by
Sung Yon Woo and Sung Ockhwa
Bought by
Dubov Alan M and Dubov Marjorie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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
Mf Ottomanelli Trust -- None Listed On Document
Ottomanelli Michael F -- None Listed On Document
Marjorie Lynn Dubov Qualified Personal R -- None Available
Dubov Marjorie L -- None Available
Dubov Alan M $1,340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ottomanelli Michael F $720,000
Previous Owner Dubov Alan M $913,000
Previous Owner Dubov Alan M $1,000,000
Previous Owner Sung Yon Woo $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2019 12/30/19 Sold $1,300,000 0.0% --
11/01/2019 11/01/19 Pending -- -- --
10/09/2019 10/09/19 Price Changed $1,300,000 -6.8% --
09/25/2019 09/25/19 Price Changed $1,395,000 -6.7% --
09/04/2019 09/04/19 For Sale $1,495,000 -- --
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 $21,480 $1,241,600 $540,800 $700,800
2023 $20,933 $1,241,600 $540,800 $700,800
2022 $20,933 $1,241,600 $540,800 $700,800
2021 $20,635 $1,241,600 $540,800 $700,800
2020 $20,462 $1,241,600 $540,800 $700,800
2019 $20,387 $1,241,600 $540,800 $700,800
2018 $20,176 $1,241,600 $540,800 $700,800
2017 $20,313 $1,241,600 $540,800 $700,800
2016 $20,375 $1,241,600 $540,800 $700,800
2015 $19,853 $1,241,600 $540,800 $700,800
2014 $19,518 $1,241,600 $540,800 $700,800
Source: Public Records

Agents Affiliated with this Home

  • Maryanne Elsaesser

    Seller's Agent in 2019

    Maryanne Elsaesser

    Compass New Jersey, LLC-Ridgewood

    (551) 206-9264

    16 in this area

    205 Total Sales

    Maryanne Elsaesser
    Section Image

  • A

    Buyer's Agent in 2019

    Andrea Fama

    Elite Realtors of New Jersey

    (973) 994-9009

    5 Total Sales

    Andrea Fama
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 1941021

New Jersey MLS

APN: 20-02101-10-00001-03

New Jersey Bergen County Franklin Lakes 07417

950 Scioto Dr, Franklin Lakes, NJ

Homes for Sale in Franklin Lakes, NJ

This home is located at 950 Scioto Dr, Franklin Lakes, NJ 07417 since 04 September 2019 and is currently estimated at $2,003,203. This property was built in 1994. 950 Scioto Dr is a home located in Bergen County with nearby schools including High Mountain Road Elementary School, Franklin Avenue Middle School, and Ramapo 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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