Google street view image for 240 Terrace Rd, Franklin Lakes, NJ 07417

Off market apr 2017 for $750K

$2,496,842

Est. refi paymentEst. refi $4,868/mo

—

•

— ba

•

4,785

sq ft

240 Terrace Rd, Franklin Lakes, NJ 07417

About this home

240 Terrace Rd is a 4,785 square foot house on a 0.84 acre lot. - it last sold on April 28, 2017 for $750,000. Based on Redfin's Franklin Lakes data, we estimate the home's value is $2,496,842.

Single-familyProperty Type

2018Year Built

0.84 acresLot Size

$522Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$2,496,842

$1.7M since sold in April 2017$69K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 36.5% higher than the average sale price ($1.83M) of 6 comparable homes.

SOLD JUL 14, 2026
$1,750,000
A
4 beds3 baths— sq ft
980 Briarwoods Rd, Franklin Lakes, NJ 07417
Prominent Properties Sotheby's International Realty-Franklin Lakes
SOLD JUN 12, 2026
$1,729,000
B
5 beds3.5 baths— sq ft
220 Ottowa Ln, Franklin Lakes, NJ 07417
Compass New Jersey, LLC-Ridgewood
SOLD SEP 18, 2026
$2,700,000
C
5 beds4.5 baths— sq ft
739 Shoshone Trl, Franklin Lakes, NJ 07417
Compass New Jersey, LLC-Ridgewood
SOLD AUG 31, 2026
$1,250,000
D
4 beds3.5 baths— sq ft
947 Franklin Lake Rd, Franklin Lakes, NJ 07417-2129
SOLD AUG 26, 2026
$1,650,000
E
5 beds4 baths— sq ft
510 Hampton Hill Rd, Franklin Lakes, NJ 07417
Prominent Properties Sotheby's International Realty-Franklin Lakes
SOLD JUL 3, 2026
$1,900,000
F
4 beds2.5 baths— sq ft
1015 High Mountain Rd, Franklin Lakes, NJ 07417
The Agency One Rock-Franklin Lakes

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Earn from this home

Sell

$1,873,439

Est. take-home

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Refinance

Est. cash available

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Rent

$3,662/mo

Redfin rental estimate

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Market trends in 07417, NJ

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

101.0%

+0.6% MoM

Median sale price

$1.8M

$51K MoM

Avg. days on market

82d

5 days MoM

Recently sold homes

1 MoM

New listings for sale

3D WALKTHROUGH
$1,499,999
4 beds3 baths— sq ft
801 Pony Trl, Franklin Lakes, NJ 07417
The Agency One Rock-Franklin Lakes, (201) 904-2085
3D & VIDEO TOUR
$1,995,000
6 beds5 baths— sq ft
707 Calusa Trl, Franklin Lakes, NJ 07417
The Agency One Rock-Franklin Lakes, (201) 904-2085
$849,000
3 beds2 baths— sq ft
516 Harriet Pl, Franklin Lakes, NJ 07417-1808
$1,398,888
4 beds3 baths— sq ft
888 Briarwoods Rd, Franklin Lakes, NJ 07417
Prominent Properties Sotheby's International Realty-Alpine, (201) 768-9300
3D & VIDEO TOUR
$3,699,999
7 beds8 baths— sq ft
743 Peach Tree Ln, Franklin Lakes, NJ 07417
The Agency One Rock-Franklin Lakes, (201) 904-2085
See all

Provided by Redfin

Sale history for 240 Terrace Rd

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Year

Property tax

Land + Additions

Assessment*

2025

$31,412 (+6.0%)

$453,000 + $1,196,800

$1,649,800

2024

$29,630 (+3.8%)

$453,000 + $1,196,800

$1,649,800

2023

$28,542 (+2.6%)

$453,000 + $1,196,800

$1,649,800

2022

$27,816 (+1.4%)

$453,000 + $1,196,800

$1,649,800

2021

$27,420 (+0.8%)

$453,000 + $1,196,800

$1,649,800

2020

$27,189 (+0.4%)

$453,000 + $1,196,800

$1,649,800

2019

$27,090 (+268.0%)

$453,000 + $1,196,800

$1,649,800

2018

$7,361 (−24.9%)

$453,000 + $1,196,800

$1,649,800

2017

$9,806 (−0.3%)

$453,000 + $146,400

$599,400

2016

$9,836 (+4.4%)

$453,000 + $146,400

$599,400

2014

$9,422 (+1.0%)

$453,000 + $146,400

$599,400

2013

$9,333 (+1.6%)

$453,000 + $146,400

$599,400

2012

$9,189 (+0.2%)

$453,000 + $146,400

$599,400

2011

$9,171 (−2.9%)

$453,000 + $146,400

$599,400

2010

$9,445 (+4.2%)

$453,000 + $146,400

$599,400

2009

$9,066

$585,000 + $173,000

$758,000

Tax history for 240 Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$31,412 (+6.0%)

$453,000 + $1,196,800

$1,649,800

2024

$29,630 (+3.8%)

$453,000 + $1,196,800

$1,649,800

2023

$28,542 (+2.6%)

$453,000 + $1,196,800

$1,649,800

2022

$27,816 (+1.4%)

$453,000 + $1,196,800

$1,649,800

2021

$27,420 (+0.8%)

$453,000 + $1,196,800

$1,649,800

2020

$27,189 (+0.4%)

$453,000 + $1,196,800

$1,649,800

2019

$27,090 (+268.0%)

$453,000 + $1,196,800

$1,649,800

2018

$7,361 (−24.9%)

$453,000 + $1,196,800

$1,649,800

2017

$9,806 (−0.3%)

$453,000 + $146,400

$599,400

2016

$9,836 (+4.4%)

$453,000 + $146,400

$599,400

2014

$9,422 (+1.0%)

$453,000 + $146,400

$599,400

2013

$9,333 (+1.6%)

$453,000 + $146,400

$599,400

2012

$9,189 (+0.2%)

$453,000 + $146,400

$599,400

2011

$9,171 (−2.9%)

$453,000 + $146,400

$599,400

2010

$9,445 (+4.2%)

$453,000 + $146,400

$599,400

2009

$9,066

$585,000 + $173,000

$758,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Exterior

Property Information
Living Sq. Ft: 4,785
Building Sq. Ft: 4,785

Lot Information
# of Buildings: 1
Land Sq. Ft: 36,590
Legal Lot Number: 27
Legal Block Number: 1207.
Municipality Name: FRANKLIN LAKES BORO
Acres: 0.84
State Use Description: RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2026
Tax District County: FRANKLIN LAKES BORO

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,785
Stories: —
Lot Size: 0.84 acres
Style: Single Family Residential
Year Built: 2018
Year Renovated: —
County: Bergen County
APN: 2001207 0100027

Home facts updated by county records on Sep 14, 2026

Around this home

Schools

Colonial Road School

Public PreK-5 • Assigned • 0.8mi

7/10

Franklin Ave Middle School

Public 6-8 • Assigned • 1.5mi

7/10

Ramapo High School

Public 9-12 • Assigned • 1.5mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

6 days above 97° expected this year, 13 days in 30 years

4/10 Wind Factor

22% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Franklin Lakes, NJ • 07417

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 4.1 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

4.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.37M – $2.87M

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The Agency One Rock-Franklin Lakes, (201) 904-2085

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Prominent Properties Sotheby's International Realty-Alpine, (201) 768-9300

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Home values near 240 Terrace Rd

Data from public records.

Address	Redfin Estimate
269 Terrace Road, Franklin Lakes, NJ 6 Beds \| 6.5 Baths \| - Sq. Ft.	$2,737,798
265 Terrace Road, Franklin Lakes, NJ 6 Beds \| 7.5 Baths \| - Sq. Ft.	—

Address	Redfin Estimate
264 Terrace Road, Franklin Lakes, NJ - Beds \| - Baths \| 11619 Sq. Ft.	$3,603,640
255 Terrace Road, Franklin Lakes, NJ - Beds \| - Baths \| 4279 Sq. Ft.	$1,981,171

Address	Redfin Estimate
226 Terrace Road, Franklin Lakes, NJ 6 Beds \| 7 Baths \| - Sq. Ft.	$4,390,956
223 Terrace Road, Franklin Lakes, NJ 5 Beds \| 4.5 Baths \| - Sq. Ft.	—

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