Single Family Home For Sale in Franklin Lakes, NJ

MLS# : 25039998

Street : 240 Ottowa Lane
Price : $1,499,900
Town : Franklin Lakes, NJ 07417
Annual Taxes : $19,993

PROPERTY DETAILS

# of Rooms : 15
Bedrooms : 6
Full Baths : 3
Half Baths : 1
Basement : Finished
Garage : Park Space
Year Built : 1970's
Lot Size : Cul-de-sac
Style : Colonial
Heat/Cool : Gas, Hot Air, Multi-Zone

PROPERTY DESCRIPTION

Private 6-Bedroom Colonial on 1.29 Acres with Pool End of Cul-de-Sac in Franklin LakesTucked at the end of a quiet cul-de-sac, this expansive Colonial offers over 4,100 sq ft of beautifully maintained living space on 1.29 private, wooded acres. A rare find in Franklin Lakes, the home features 6 bedrooms, 3.5 baths, a finished basement, and a backyard oasis with an in-ground pool surrounded by brand-new safety fencing (2024). The main level includes a large eat-in kitchen with granite countertops and tile flooring, a cozy family room with fireplace, formal dining with built-in cabinetry, and a screened-in porch that opens to a spacious rear deck ideal for entertaining. Upstairs, you'll find five additional bedrooms and three full baths, while the basement adds bonus space for recreation, gym, or media. The home is set on well water with updated septic and features multi-zone central air, gas heat, and a circular driveway for easy in/out access. Located just minutes from top-rated schools, town fields, and local parks, this home combines quiet retreat living with everyday convenience, perfect for those seeking space, privacy, and timeless comfort.

Amenities

Life Style :

Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp

This listing is a courtesy of EXP Realty, LLC
866-201-6210 office, listing agent Matthew Gevirtz

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):  $1,672,992
Homes Sold* (12mo):  90
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



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


Sales Associate
201-725-1170 (cell)

Madisom Adams Sales Associate Juan Carlos Guevara


Sales Associate
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Madisom Adams Sales Associate Yuriy Zatuchny


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Madisom Adams Sales Associate Henry A. Washington


Real estate inventory
Franklin Lakes
Homes : $915,000 - 6,950,000 32
Condos : -
Co-ops : -
Twnhs : -
2-4 Fam : -
5+ Fam : -
Land : -
Rentals : $1,795 - 20,000 13
Mixd Use : -
Com S : -
Com L : -
Biz : $150,000 - 150,000 1


Similar Listings in Franklin Lakes

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: 11/11/2025 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2025 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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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com