Single Family Home For Sale in Franklin Lakes, NJ

MLS# : 25016601

Street : 220 Ottowa Lane
Price : $2,249,000
Town : Franklin Lakes, NJ 07417
Annual Taxes : $19,883

PROPERTY DETAILS

# of Rooms : 11
Bedrooms : 5
Full Baths : 3
Half Baths : 1
Basement : Prt Finished
Garage : Attached
Year Built : 1970's
Lot Size : Corner Lot,Cul-de-sac
Style : Colonial
Exterior : Vinyl
Heat/Cool : Baseboard, Gas, Hot Air, Multi-Zone

PROPERTY DESCRIPTION

Discover tranquility, timeless charm, and exceptional privacy in this beautifully expanded colonial, nestled on a rare triple cul-de-sac in the sought-after North Gate section. Before stepping inside, enjoy the covered front porch, ideally situated to overlook the lush, mature landscaping that frames the circular driveway. Inside, the welcoming foyer is flanked by an office and a formal DR w/Fpl. Delight in the chef’s kitchen, boasting custom rock maple Salerno cabinetry, high-end appliances, center island, wet bar, peninsula, and soaring vaulted ceiling, perfect for culinary creativity and casual gatherings. Or, unwind by the gas fpl in the inviting den or transition effortlessly into the sun-drenched 3-season sunroom, accessible from both the DR and den-ideal for seamless indoor-outdoor living and entertaining. There's more! A spacious Gr Rm off the kitchen + a full bth, PR/Lndry, and access to the grade level 3-car att garage. Upstairs, the primary suite offers a WIC and renovated bath. Three additional bedrooms share a thoughtfully designed Jack-and-Jill bathroom. A 2nd staircase off the Gr Rm leads to a flexible fifth br/bonus space- perfect for guests, a studio, or your next big idea! The partially finished LL offers even more living space. Upgrades include security system, generator, irrigation, siding, newer A/C system and more! Impeccably maintained and move-in ready. Close to ITC, Market Basket, and everything Franklin Lakes has to offer—this home truly has it a

Amenities

Life Style :

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

This listing is a courtesy of Compass New Jersey, LLC-Ridgewood
551-284-0175 office, listing agent Wendy Gronich

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):  $1,420,737
Homes Sold* (12mo):  81
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: 05/21/2025 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

(A) Start Address :
(B) End Address : Get Directions

Need More Info

First Name:
Last Name:
E-mail:
Tel:--
Message: