For sale

$5,499,000

265 Terrace Rd, Franklin Lakes, NJ 07417

6beds

--sqft

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Single Family Residence

Built in ----

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Exquisite New Construction Estate Located on 2+ Private Acres â€“ Surrounded by Upscale Homes, A Rare Hidden Gem! There is Still Time to Customize. Anticipated Completion Spring 2026.

343 days

429

3

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 8
Full bathrooms: 7
1/2 bathrooms: 1

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Flooring: Hardwood
Basement: Finished
Number of fireplaces: 2
Fireplace features: 2 Fireplaces, Gas

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4
Details: Attached

Features

Patio & porch: Deck / Patio
Pool features: Gunite, Heated, In Ground
Has view: Yes
View description: None
Waterfront features: None

Lot

Features: Irregular Lot

Details

Parcel number: 200120700000200012

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Cedar

Utilities & green energy

Water: Well

Community & HOA

Community

Features: None

Location

Region: Franklin Lakes

Financial & listing details

Tax assessed value: $1,806,200
Annual tax amount: $32,439
Date on market: 8/4/2025
Listing agreement: Exclusive Right To Sell
Ownership: Corporate

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/4/2025	Price change	$5,499,000+243.9%
Source: NJMLS #25027586 Report a problem
10/9/2024	Price change	$1,599,000-11.1%
Source: NJMLS #24011948 Report a problem
7/8/2024	Price change	$1,799,000-5.3%
Source: NJMLS #24011948 Report a problem
4/22/2024	Listed for sale	$1,899,000
Source: NJMLS #24011948 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$32,439	$1,806,200
2024	$32,439 +3.8%	$1,806,200
2023	$31,247 +2.6%	$1,806,200
2022	$30,453 +1.4%	$1,806,200
2021	$30,019 +1.2%	$1,806,200
2020	$29,658 +35%	$1,806,200
2019	$21,964	$1,806,200
2018	$21,964 -25.9%	$1,806,200
2017	$29,640 +2.6%	$1,806,200
2016	$28,881 +1.7%	$1,806,200
2015	$28,393 +1%	$1,806,200
2014	$28,123 +1.8%	$1,806,200
2013	$27,635	$1,806,200
2012	$27,635 +2.3%	$1,806,200
2011	$27,010 +4.2%	$1,806,200 -16.7%
2010	$25,926 +3.6%	$2,167,700
2009	$25,015	$2,167,700
2007	--	$2,167,700 +153%
2006	--	$856,700
2005	--	$856,700 +8.9%
2004	--	$786,800
2003	--	$786,800
2002	--	$786,800
2001	--	$786,800

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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