Franklin Lakes and Oakland Real Estate

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Franklin Lakes and Oakland Real Estate & Homes for Sale in New Jersey

Franklin Lakes and Oakland are located in northwestern Bergen County. Franklin Lakes is almost completely residential and offers quiet country living along with contemporary elegance. The pace of life is easy, with semi-private golf courses, tennis clubs, and the Saddleback Ridge Horseback Equestrian Center to keep residents busy. The Audubon Wildlife Center is located in Franklin Lakes and provides education and bird watching ventures. Franklin Lakes is also home to the region?s premier gourmet market. Franklin Lakes and nearby Oakland are recognized for their superior educational systems. Oakland is also famous for its abundant recreational opportunities; almost one-third of Oakland?s land is located within the scenic Ramapo Mountains. The Ramapo Mountain Lakes Country Club offers Oakland residents tennis courts and swimming, and is the site of community gatherings. The Ramapo River is a great place to fish. Oakland community parks provide playgrounds, ball fields, and various types of game courts. The nearby Ramapo State Forest has a number of trails, including the Red Trail that leads to a lookout with views of Oakland. Buses and good highway access make the commute into New York City easy and safe from both towns.

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Price Range of Franklin Lakes and Oakland Houses

The real estate market in Franklin Lakes consists exclusively of single-family detached homes, ranging in price from $600,000 to more than $3 million for large estate properties. Homes are set on wooded lots of at least one acre and some homes offer substantial acreage. Many properties are located near one of the 21 lakes in the community. Oakland real estate offerings consist of single-family homes and a few select townhouses and condominiums. Townhouses and condos are priced from approximately $500,000 to $700,000. Single-family homes range in price from the $300,000s to $1 million and more. Homes on Crystal Lake are priced from $500,000 and offer boating and dock privileges. Homes in the Ramapo River Reserve are priced from the high $500,000s to more than $800,000. Lots and land are available in both communities.

Franklin Lakes and Oakland Real Estate Stats and Trends for the week of April 6th, 2020: homes priced around $719,783 compared to $719,783 the previous week, to remain steady with no change in listing price.  For Monday, April 6th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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