Single Family Home For Sale in Franklin Lakes, NJ

MLS# : 24030519

Street : 1054 Franklin Lake Road
Price : $1,999,900
Town : Franklin Lakes, NJ 07417
Annual Taxes : $25,091

PROPERTY DETAILS

# of Rooms : 17
Bedrooms : 5
Full Baths : 4
Half Baths : 1
Basement : Full, Unfinished
Garage : Attached
Year Built : 2000's
Lot Size : Regular
Style : Colonial
Exterior : Brick
Heat/Cool : Gas, Hot Air

PROPERTY DESCRIPTION

Welcome to this exquisite 5-bedroom, 4.5-bath brick colonial masterpiece, nestled on just shy of an acre. As you come through the grand entrance, you're greeted by a magnificent staircase and intricate trim molding that exudes timeless elegance. The great room boasts vaulted ceilings, a cozy fireplace, and an archway that seamlessly connects to the spacious kitchen, ideal for entertaining and social gatherings. The first floor features a well-appointed bedroom with a private full bathroom, offering convenience and privacy for guests or multi-generational living. The primary suite is a true sanctuary, with an extended hall lined with abundant closet space and an additional room currently utilized as a gym, perfect for fitness enthusiasts. Enjoy the luxury of a 3-car garage, providing ample space for vehicles and storage. The full unfinished basement offers endless possibilities for customization. This home is a harmonious blend of classic charm and modern amenities!

Amenities

Life Style :

1st Flr Primary Bdrm

This listing is a courtesy of Keller Williams Prosperity Realty
(973) 696-0077 office, listing agent Shawn Anen

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


About Franklin Lakes, NJ Real Estate Market

A large borough spread over 9.88 square miles, Franklin Lakes is one of the most well-to-do boroughs in Bergen County in New Jersey. Franklin Lakes shares its borders with multiple boroughs from different counties, such as Oakland, Mahwah and Wyckoff from Bergen County and Wayne and North Haledon from the Passaic County.

The borough of Franklin Lakes was founded in 1922 from the portions of Franklin Township under the act of the New Jersey Legislature. The town is named after Benjamin Franklin’s son, William Franklin, who was the last colonial governor of New Jersey.

Currently home to around 10,500 people, Franklin Lakes is one of the highest-income communities from Bergen County. The residents of the borough have a median household income of $160,000. Franklin Lakes is home to Becton Dickinson, one of the Fortune 500 companies in the world. It also has the headquarters of Medco Health Solutions. Several reality TV shows, such as The Real Housewives of New Jersey, My Super Sweet 16 and My Big Fat Fabulous Wedding, were shot in Franklin Lakes.

The borough of Franklin Lakes has many water bodies and places, which make the place look beautiful, such as Blauvelt Lakes, Bakers Pond, Ferdinands Mills, Campgaw, Crystal Lakes, Hopper Lake, Shadow Lake and Pulis Mills. You can contact New Jersey real estate agents for finding homes at a close proximity to these lakes.
Population:  10,590
Total Housing Units:  3,692
Single Family Homes:  3,452
General Tax Rate (2023):  1.729%
Effective Tax Rate (2023):  1.416%
Compare To Other Towns

Franklin Lakes Market Indicators

PRICE INDEX

Average Price* (12mo):  $1,394,771
Homes Sold* (12mo):  80
PRICE INDEX
SINGLE FAMILY HOME SALES

Franklin Lakes, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  1.729%
Effective Tax Rate (2023):  1.416%
GENRAL TAX RATE - Franklin Lakes, NJ



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 Madison Adams 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.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 11/22/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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