by RHP Realty

See Home Value
$1,352,000
House - Off Market

206 Terrace Rd

Franklin Lakes Boro, NJ 07417
bedrooms
4 Beds
bathrooms
3.1 Baths
$1,351,010
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998
Last updated: 10 months ago (GSMLS #3784987)

Price History

Date / Event Date Event Price
Oct 4, 2022 Sold to Cara A Galorenzo, Gregory A... $1,352,000
Sold to Cara A Galorenzo, Gregory A...
Jul 19, 2022 No longer available -
No longer available
May 26, 2022 No longer available -
No longer available
May 26, 2022 Listed by REALTY EXECUTIVES EXCEPTIONAL $1,299,000
Listed by REALTY EXECUTIVES EXCEPTIONAL
Meticulously maintained 4 bedroom, 3.5 bath home with timeless elegance in a sought-after location. Grand 2-story entry with newly-finished hardwood floors leading to a great room featuring 17-foot vaulted ceilings and a large fireplace. Start your day in the expansive sunny kitchen renovated in 2020 which opens to a deck overlooking the park-like backyard. Walk in pantry, Formal Dining Room with coffered ceiling, an inviting living room with custom bookshelves, powder room and laundry…
May 20, 2022 Price Decreased $1,349,000
↓ $50K (3.6%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 47,916
  • Total Building Area: 3,478
  • Building Area: 3,478
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,478
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PARASSIO GREGORY A
  • Current Owner 2: GALORENZO CARA A
  • Previous Owner : YARNOLD CHARLES
  • Previous Owner 2: YARNOLD KIMBERLY
  • Owner Before Previous Owner: DAWSON MICHAEL S
  • Owner Before Previous Owner 2: DAWSON JODI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Franklin Lakes Borough School District
  • Census Tract: 020200

Zoning

  • Zoning: A40

Geography

  • Account Number: 4720
  • District: 20
  • Parcel: 20 01207-0000-00005- 01
  • Block: 1207
  • Lot: 5.01
  • Municipality: FRANKLIN LAKES BORO
  • Latitude: 41.0008
  • Longitude: -74.2175

    Address

  • Full Address: 206 Terrace Rd
  • Address - House Number: 206
  • Address - Street Name: Terrace
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Franklin Lakes
  • Carrier Code: C005
  • 4-Digit Zip Code: 1621
  • Zip Code: 07417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,889

    Appraisal Valuation

  • Standard Deviation: 0.0813
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 1,300,101
  • High Value: 1,405,805
  • Low Value: 1,194,397

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,081,600
  • First Open Lien Mortgage Lender: COLUMBIA BANK
  • First Open Lien Mortgage Recording Date: Oct 04, 2022
  • First Open Lien Mortgage Loan Amount: $1,081,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052

    Market Valuation

  • Market Total Value: $949,500
  • Market Land Value: $470,300
  • Market Improvement Value: $479,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $949,500
  • Assessed Land Value: $470,300
  • Assessed Improvements Value: $479,200

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Oct 04, 2022
  • Current Sale Transaction ID: 11915112910
  • Current Sale Price: $1,352,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 96752
  • Previous Sale Recording Date: Jul 16, 2020
  • Previous Sale Contract Date: Apr 14, 2020
  • Previous Sale Amount: $905,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLUMBIA BANK
  • First Mortgage Transaction Date: Oct 04, 2022
  • First Mortgage Loan Amount: $1,081,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: M & T BANK
  • Previous Mortgage Transaction Date: Jul 16, 2020
  • Previous Mortgage Loan Amount: $804,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
-
$1,100,000 May 17, 2023
$1,100,000 May 17, 2023
$1,129/mo
House
4 Beds
3.1 Baths
-
$1,100,000 Nov 30, -0001
$1,100,000 May 17, 2023
-
House
3 Beds
3 Baths
-
$1,250,000 Jul 17, 2023
$1,250,000 Jul 17, 2023
$1,047/mo
House
4 Beds
5 Baths
-
$1,320,000 Jun 22, 2023
-
-
House
4 Beds
5 Baths
-
$1,320,000 Jul 14, 2023
-
$1,125/mo
House
4 Beds
5 Baths
-
$1,275,000 Jul 25, 2023
-
$1,125/mo
House
3 Beds
3 Baths
-
$1,199,000 Sep 16, 2023
-
$1,011/mo

About Franklin Lakes


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Frequently Asked Questions

When was property at 206 Terrace Road built and last sold?
The property at 206 Terrace Road was built in 1998 and last sold on Sep 23, 2022 for $1,352,000.
How much is this home worth?
The estimated value of the home located at 206 Terrace Road is $1,311,990.
What are some comparable homes to 206 Terrace Road?
There are currently no comparable homes to 206 Terrace Road.

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