NOT LISTED FOR SALE

971 Pines Terrace Franklin Lakes, NJ 07417

Estimated Value: $826,000 - $987,000

4 Beds
2 Baths
1,953 Sq Ft
$459/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $760,000 $389 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,637/month

22 Days on Market

Highlights

  • Central Air
  • Baseboard Heating
  • Rectangular Lot
  • Indian Hills High School Rated A

About This Home

As of October 2022

Absolutely adorable Cape with approx 3500 sf on 3 floors. This charming and welcoming home has enjoyed so many updates and upgrades over the last few years. Sitting on almost a half acre of flat and manicured property, it offers open lawns, new bluestone patios, built in fire pit and lots of privacy. Inside, enjoy a comfortable open layout. The kitchen connects to the dining and family room where a fireplace anchors the space. Cozy up in the media room for family movie night, or relax in the sunroom overlooking the yard. Two bedrooms and a newer hall bath complete this floor. Upstairs find two nicely sized bedrooms, a newer hall bath and a loft area perfect for an office. The 1000 sf lower level is newly finished with an open family room and workout area, a playroom and laundry room. Septic 2016, AC (2016), newly resurfaced driveway. LOW TAXES! Wonderful neighborhood close to everything Franklin Lakes has to offer!

Last Agent to Sell the Property

Mary Premtaj

Compass New Jersey, LLC-Ridgewood Listed on: 08/11/2022

Compass New Jersey, LLC-Ridgewood

Last Buyer's Agent

Mary Premtaj

Compass New Jersey, LLC-Ridgewood Listed on: 08/11/2022

Compass New Jersey, LLC-Ridgewood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,457

Lot Details

  • 0.4 Acre Lot
  • Rectangular Lot

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Colonial Road Elementary School
  • Franklin Ave Middle School
  • Ramapo/Indian Hills High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00012 / 01431

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,457

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 551-284-0175
  • MLS Status: Sold - Sold
  • Directions: Franklin Ave to South Plaza to Pines Terrace
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1950's,2010's,Renovated,Build Prior to 1978
  • PropertySubTypeAdditional: Colonial
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Primary Bathroom: No

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: washer, dryer, tv's
  • Construction Type: Shingle Siding

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas

Schools

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

Lot Info

  • Lot Size Sq Ft: 17424.0

Tax Info

  • Tax Annual Amount: 7457.0
  • Tax Block: 01431
  • Tax Lot: 00012

MLS Schools

  • High School Text: Ramapo/Indian Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Oct 12, 2022
Sold by
Brown Timothy and Brown Nova
Bought by
Pierce Elizabeth M and Pierce Richard W
Seller's Agent
Mary Premtaj
Compass New Jersey, LLC-Ridgewood
Buyer's Agent
Mary Premtaj
Compass New Jersey, LLC-Ridgewood
List Price
$739,900
Sold Price
$760,000
Premium/Discount to List
$20,100
2.72%
Views
27
Current Estimated Value
$897,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,308
Avg. Annual Appreciation
6.05%

Purchase Details

Listed on
Nov 10, 2015
Closed on
Jan 26, 2016
Sold by
Erskine Charles and Erskine Tammy
Bought by
Brown Timothy and Brown Nova
Seller's Agent
Mimma Andriuolo
WEICHERT RLTRS RDG
Buyer's Agent
Mimma Andriuolo
WEICHERT RLTRS RDG
List Price
$559,900
Sold Price
$555,000
Premium/Discount to List
-$4,900
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$444,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2004
Sold by
Senna Robert
Bought by
Erskine Charles and Erskine Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.73%

Purchase Details

Closed on
Sep 22, 2000
Bought by
Senna Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%
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
Pierce Elizabeth M $760,000 Stewart Title
Brown Timothy $555,000 Attorney
Erskine Charles $575,000 --
Senna Robert -- --
Senna Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Elizabeth M $480,000
Previous Owner Brown Timothy $510,000
Previous Owner Brown Timothy $444,000
Previous Owner Erskine Charles $132,000
Previous Owner Erskine Charles $378,000
Previous Owner Erskine Charles $416,250
Previous Owner Erskine Charles $365,000
Previous Owner Erskine Charles $50,000
Previous Owner Erskine Charles $212,000
Previous Owner Senna Robert $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $760,000 +2.7% $389 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $739,900 +33.3% $379 / Sq Ft
02/02/2016 02/02/16 Sold $555,000 -0.9% $284 / Sq Ft
11/19/2015 11/19/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $559,900 -- $287 / 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
2025 $8,978 $499,900 $300,000 $199,900
2024 $8,648 $499,900 $300,000 $199,900
2023 $7,565 $499,900 $300,000 $199,900
2022 $7,565 $448,700 $300,000 $148,700
2021 $7,368 $448,700 $300,000 $148,700
2020 $7,395 $448,700 $300,000 $148,700
2019 $7,368 $448,700 $300,000 $148,700
2018 $7,291 $448,700 $300,000 $148,700
2017 $7,341 $448,700 $300,000 $148,700
2016 $7,363 $448,700 $300,000 $148,700
2015 $7,175 $448,700 $300,000 $148,700
2014 $7,054 $448,700 $300,000 $148,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22030056

New Jersey MLS

APN: 20-01431-0000-00012