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245 Terrace Road, Franklin Lakes, NJ 07417 Property Information

245 Terrace Road, Franklin Lakes, NJ 07417 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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245 Terrace Road, Franklin Lakes, NJ 07417
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Address

Primary address 245 Terrace Road, Franklin Lakes
Zip code 07417
County Bergen
Municipality Franklin Lakes Borough
Block 1207.02
Lot 1.03

Sales & Tax Overview for 245 Terrace Road, Franklin Lakes

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 10/27/2021
Sale price $1,325,000
Arm's length
Property tax $15,487

Lot & Building Information for 245 Terrace Road, Franklin Lakes

Building sqft 3,388
Building class Residential (2)
Acreage 1
Year built 1965
Stories 2
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Residential District (A-40)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 245 Terrace Road, Franklin Lakes

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About 245 Terrace Road, Franklin Lakes

What is the year built & the total sq. ft. for 245 Terrace Road, Franklin Lakes, NJ 07417?

245 Terrace Road, Franklin Lakes, NJ 07417 was built in 1965 and has a total of 3,388 square feet.

What is the assessed value of 245 Terrace Road, Franklin Lakes, NJ 07417 and the property tax paid?

Assessed at $862,300, the tax amount paid for 245 Terrace Road, Franklin Lakes, NJ 07417 is $16,418.

When was 245 Terrace Road, Franklin Lakes, NJ 07417 last sold and what was the last sale price?

245 Terrace Road, Franklin Lakes, NJ 07417 was last sold in 10/27/2021 for $1,325,000.

Ownership Information

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Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
Laura Pop-Badiu, Apr 09, 2026 How to Do a Title Search on Property Yourself: A Step-by-Step Online GuideĀ 
A property title search is the process of reviewing public records to confirm who legally owns a property and whether there are any liens, mortgages or legal claims attached to it. Explore our step-by-step guide explaining how you can perform a title search yourself. 
Research 100M+ property records powered by:
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Past Sales & Property History for 245 Terrace Road, Franklin Lakes

Create a free account to view the complete sales history for 245 Terrace Road, Franklin Lakes, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
10/27/2021 $1,325,000
12/07/2012 $10
       
       
       
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Title Documents for 245 Terrace Road, Franklin Lakes

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
10/28/2021 - D
11/05/2021 - R
Mortgage 11/01/2051
10/27/2021 - D
11/05/2021 - R
Deed and Realty Tax Fees
12/07/2012 - D
04/02/2013 - R
Deed and Realty Tax Fees
                   
                   
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R: Recorded date
D: Document date

Property Taxes for 245 Terrace Road, Franklin Lakes

Access detailed property tax data for 245 Terrace Road, Franklin Lakes, NJ 07417. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $15,487
Market value $862,300

Assessment History for 245 Terrace Road, Franklin Lakes

Here's the assessment & property tax history for 245 Terrace Road, Franklin Lakes, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2024 $862,300 $862,300 1.796 $15,487 -7.33%
2023 $966,000 $966,000 1.73 $16,712 +2.61%
2022 $966,000 $966,000 1.686 $16,287 +1.44%
2021 $966,000 $966,000 1.662 $16,055 +0.85%
2020 $966,000 $966,000 1.648 $15,920 -1.14%

Risk

Create a free account to unlock extended information for 245 Terrace Road, Franklin Lakes, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).

FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 245 Terrace Road, Franklin Lakes to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Academy of the Most Blessed Sacrament NR Private PK-8 112 0.70
Academy of the Most Blessed Sacrament NR Private PK-8 112 0.70
Colonial Road School 8 Public PK, K-5 255 0.81
Colonial Road School 8 Public PK, K-5 255 0.81
High Mountain Road Elementary School 5 Public PK, K-5 300 0.87

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Academy of the Most Blessed Sacrament NR Private PK-8 112 0.70
CTC Academy NR Private 71 1.14
Reed Academy NR Private 40 1.19
Franklin Ave Middle School 9 Public 6-8 384 1.49
Barnstable Academy NR Private 6-12 95 1.55

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
CTC Academy NR Private 71 1.14
Reed Academy NR Private 40 1.19
Ramapo High School 8 Public 9-12 1,243 1.42
Barnstable Academy NR Private 6-12 95 1.55
Indian Hills High School 6 Public 9-12 736 1.55

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 245 Terrace Road, Franklin Lakes

Here are the neighbors for 245 Terrace Road, Franklin Lakes.

Address Square feet Purchase date Purchase price
230 Terrace Rd, Franklin Lakes 6,264 11/29/2016 $1
1020 Kent Pl, Franklin Lakes 4,015 01/16/2015 $1,160,000
219 Terrace Rd, Franklin Lakes 4,899 01/03/2018 $840,000
240 Terrace Rd, Franklin Lakes 4,785 04/24/2017 $750,000
311 Crescent Dr, Franklin Lakes 5,236 08/13/2018 $1,040,000
395 Crescent Dr, Franklin Lakes 2,455
914 High Mountain Rd, Franklin Lakes 2,925 06/22/2005 $1
265 Terrace Rd, Franklin Lakes 6,894 04/30/2025 $1,150,000
846 Pueblo Dr, Franklin Lakes 3,051 04/04/2005 $1,084,000
212 Creole Ln, Franklin Lakes 2,283
220 Creole Ln, Franklin Lakes 7,141 10/31/2023 $1
235 Terrace Rd, Franklin Lakes 6,494 06/15/2015 $3,200,000
223 Terrace Rd, Franklin Lakes 4,758 09/25/2017 $266,666
351 Crescent Dr, Franklin Lakes 5,578 12/01/2020 $2,650,000
1007 Franklin Lake Rd, Franklin Lakes 3,766 05/13/2020
387 Crescent Dr, Franklin Lakes 5,384 05/21/2003 $1
377 Crescent Dr, Franklin Lakes 2,205
255 Terrace Rd, Franklin Lakes 4,279
1014 Kent Pl, Franklin Lakes 3,972 08/10/2010 $1,275,000
228 Creole Ln, Franklin Lakes 4,572 12/20/2012 $725,000

Nearby ZIP Codes for 245 Terrace Road, Franklin Lakes

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