Single Family Home For Sale in Franklin Lakes, NJ

MLS# : 26007376

Street : 388 Freemans Lane
Price : $2,950,000
Town : Franklin Lakes, NJ 07417
Annual Taxes : $21,631

PROPERTY DETAILS

# of Rooms : 9
Bedrooms : 5
Full Baths : 5
Half Baths : 0
Basement : Finished
Garage : Attached
Year Built : 1980's
Lot Size : Corner Lot
Style : Colonial
Exterior : Brick, Cement Board Siding
Heat/Cool : Gas, Hot Air

PROPERTY DESCRIPTION

Fully redesigned and rebuilt in January 2025, this custom home offers modern luxury. A two-story foyer, a dramatic family room with a cathedral ceiling and oversized windows bringing in light. Gas or wood burning fireplace creates a warm focal point. Nine-foot ceilings continue on the second level. 5 bedrooms, 5 full baths, office, living room, dining room, and a three-car garage. Porcelain tiles from Porcelanosa highlights the main areas, while European white oak flooring enhances bedrooms and living spaces. A prestigious kitchen by Kuche + Cucina features porcelain countertops by Neolit and a professional-grade appliance suite by Dacor. A first-floor bath includes a custom floating vanity in Himalayan Cristal stone. The primary suite offers a spa-style bath with oversized shower, Victoria + Albert designer soaking tub, custom vanity by Kuche + Cucina, and custom double sinks. Additional bathrooms feature imported European tile and upscale finishes. The finished lower level includes a large open area with tile flooring, playroom, bar with quartzite countertop, full bath, gym, storage, and a custom 8 person sauna. Addition, Spray foam insulation, new septic, tankless water heaters, and an ERV system providing fresh air. Modern trim and upscale finishes. Set on a private 0.92-acre lot surrounded by mature trees. The backyard features a brand-new patio deck, covered lounge, gas fire pit, summer kitchen, rich landscaping, and gated yard. Seller is a Real Estate Agent.

Amenities

Life Style :

Close/Parks, Close/School, Close/Shopg

This listing is a courtesy of Christie's International Real Estate Group-Franklin Lakes
201-904-2085 office, listing agent Nemanja Mihajlovic

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):  $1,767,482
Homes Sold* (12mo):  104
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


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Broker
201-478-3185 (cell)

Madisom Adams Broker Marek Zagorski


Sales Associate
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Madisom Adams Sales Associate Juan Carlos Guevara


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Real estate inventory
Franklin Lakes
Homes : $999,999 - 6,950,000 25
Condos : -
Co-ops : -
Twnhs : -
2-4 Fam : -
5+ Fam : -
Land : $999,999 - 999,999 1
Rentals : $3,455 - 6,275 11
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: 03/17/2026 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2026 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