Prominent Properties Sotheby’s International Realty Participates in the American Cancer Society’s 30th Annual George Washington Bridge Challenge

Monthly Property Blogs (4)

Along with some 1,316 runners and 108 teams, Prominent Properties Sotheby’s International Realty, one of New Jersey’s leading luxury real estate services firms participated in the American Cancer Society’s 30th Annual George Washington Bridge Challenge this past Sunday.

The GWB Challenge offered participants a 10K or 5K walk or run challenge. The picturesque course first took the participants on the George Washington Bridge and then to the beautiful Palisades State Park where finishers could enjoy the Grand Finale which included, the Post Race Party on Ross Dock featuring views of the NYC skyline, the GWB, and the Hudson River.

The Prominent Properties Sotheby’s International Realty team raised over $1,000 in donations to the American Cancer Society. The event as a whole is expected to raise about $170,000.

“With the GWB Challenge being held on National Cancer Survival day, there was a lot to celebrate,” says Patti Lakin, the Prominent Properties Sotheby’s International Realty’s GWB Challenge Team Captain and Sales Associate at the firm’s Ridgewood regional office. “The weather was beautiful and everyone was happy to be a part of such a great cause.”

Prominent Properties Sotheby’s International Realty plans on participating in the 31st annual GWB challenge next year as well.

To see pictures from the event, visit us on Facebook!

 

 

About the American Cancer Society’s GWB Challenge:

http://community.acsevents.org/site/TR?fr_id=84064&pg=entry

Successfully Sold

We are excited to share with you a few Prominent Properties Sotheby’s International Realty properties recently sold. Contact an associate for a more comprehensive look at market activity.

42 Warren Ln – Alpine, New Jersey

Original Price: $3,450,000

Sold Price: $2,700,000

Days on Market: 186

Beds: 6 Baths: 7 full

Details: 

Don’t miss this opportunity to own a beautiful Dutch colonial nestled at the very end of a cul-de-sac set amidst Alpine’s most prestigious properties. Tastefully renovated and expanded in 2004, this lovely stone and shingle home boasts over 7000 square feet of relaxed comfort, a perfect 1.1-acre lot, and unbelievable taxes of $11,224! The fabulous open concept great room is comprised of a chef’s kitchen with a separate indoor grill, a large breakfast area, and 20×22 foot family room with stone fireplace, all with expansive views of the rear property. Tend the fenced vegetable garden in summer, play in the expansive flat yard, or chill out on your covered deck or lap pool (with automatic child safety cover). The 2nd floor features 4 ensuite bedrooms including a gorgeous master suite with balcony and loads of closets, plus an additional 5th bedroom, office and bath. The lower level offers a 6th bedroom, 7th bath, playroom/theatre, and summer kitchen. Only minutes from Manhattan!

Listed by: Susan Zabinski

 

orig_001-195512-SCP_1209_4031353_4503394 (1)202 Deepbrook Rd – Wyckoff, New Jersey

Original Price: $1,550,000

Sold Price: $1,525,000

Days on Market: 149

Beds: 4  Baths: 3 full, 1 half

Details:

Designer’s Choice! 3 years young, custom built 4 Bedroom Center Hall Colonial, situated on quiet cul-de-sac. Rich in architectural details. Exquisitely designed stone fireplace, walls of windows offer tranquil views from the great room opening to the Elegant and tasteful gourmet kitchen. Features granite center island, top of the line stainless appliances, and more! Retire to your spacious master suite with hardwood floor, luxurious master bath, and plenty of finished closets. Tastefully decorated and nothing to do but move in! Set up high from the tranquil brook with over an acre with beautiful new patio and landscaping! Located in Deepbrook Estates and close to school, NYC transportation, shopping and more! Your clients will fall in love!

Listed by: Laurie Burnette

 

orig_DSC_2720_466246043 Northwood Ave – Demarest, New Jersey

Original Price: $1,229,000

Sold Price: $1,150,000

Days on Market: 138

Beds: 5  Baths: 3 full, 1 half

Details:

Prime Demarest location with beautiful curb appeal. gorgeous 5 bedrooms 3 1/2 bath Center Hall colonial located near Demarest Middle School and NYC transportation. The large open floor plan includes an elegant study w/ French doors, a formal living room, large dining room, an oversized sunken family room with Gas fireplace for enjoying the view of the beautifully landscaped back yard And built in pool. the modern & open kitchen featuring granite counter tops and a large eat in breakfast area with sliding glass door to access the lovely fenced in yard. the laundry room has a separate side entrance and a generous mud room area. The master suite features hard wood floors, a tray ceiling, his & hers dressing rooms plus a stunning master bath w/Jacuzzi and skylights. this home boast 4 addition bedrooms, one with a full bath plus an additional full bath, all with plenty of closet space. a full finished basement with high ceilings has an additional large and separate home gym area.

Listed by: Denise Orfanos

 

orig_IMG_2328_48472511300 Hudson St – 5B – Hoboken, New Jersey

Original Price: $549,000

Sold Price: $650,000

Days on Market: 19

Beds: 1 Baths: 1 full

Details: 

Extremely unique and tastefully upgraded 1 Bed/1 Bath duplex located on one of the most desirable streets in Hoboken. This South facing home stretches across 1,030 Sq Ft and is flooded with natural light throughout the day. The first floor features hardwood floors throughout, an upgraded kitchen with SS appliances, Silestone countertops, plenty of cabinets, a large pantry/storage closet, and open living room/dining room perfect for entertaining. Custom stairs and steel railings lead to the second floor, which includes a bedroom with a skylight, large bathroom with a second skylight and jetted tub, and plentiful closet space. You’ll never run out of storage space in this home with an EXTREMELY massive attic space. The building has a community washer/dryer room. Enjoy the luxury of living on Hudson Street with tons of stores just outside your door! With the 126 bus stop on the same block and ferry two blocks away, getting to Manhattan is a breeze!

Listed by: Michael Hern

 

 

 

Ask a Prominent Properties Sotheby’s International Realty associate for more comprehensive market activity, as only a few properties have been included in this post.
Information obtained from the New Jersey Multiple Listing Service. Data in whole or in part is supplied by the New Jersey MLS and is deemed reliable but is not guaranteed… Data provided may not reflect all the real estate in the market. Data taken 12/16/2016.  Each Office Is Independently Owned and Operated.

From The Desk Of Charles Oppler…

From The Desk Charles (6)

The real estate market has taken off.  Multiple offers on homes, open houses with record numbers of visitors including one home last week with 46 different customers.  But wait, how is this possible if inventory is at an all-time low?  Well, what has changed is actually the “days on the market” for new listings.  In other words, many homes that come on to the market are actually sold and under contract within a few days.  Again, it makes it seem that inventory is low when actually in 2016, there were over 220,000 more sales in the United States.   

So why are many buyers still cautious?    Rising student debt has caused many homeowners to refinance to pay the bills of their children.  Consumer research still shows Millennials taking their time entering the buying market opting instead for the convenience of living in urban settings and paying high rents.  Concern over the tax reform discussion which could eliminate the Mortgage Interest Deduction (MID), rising interest rates, the delay in easing government regulations implemented with the 2010 Dodd-Frank Act.   Specifically, the Dodd-Frank bill is a regulatory act meant to add transparency to reform the financial system.  Instead, the result was stronger regulation making the borrowing process at times, harrowing.  The interpretation from some legislators to increase down payment requirements and finally, the Real Estate Procedures Settlement Act (RESPA) was modified to include more disclosures and actually restricting the defense lending institutions had to protect them as well.  Simply, the mortgage process was a disaster!

The Dodd-Frank bill, the Trump administration, and all the regulatory issues continue to hurt consumer confidence.  Even a meteoric rise in the stock market has people on edge.  One thing is for certain; with Obamacare on the backburner for now and healthcare temporarily on hold on Capitol Hill, Congress will turn its attention to Tax Reform.

Mortgage Interest Deduction (MID) is one of the key ingredients to home ownership.  Any meddling with the financial and psychological aspects of the purchasing process will be a major economic and social mistake.  Home ownership continues to drive the recovering economy, builds neighborhoods and communities, focuses on education and most importantly creates net worth for the owner.  Escalating rents have driven a huge gap between the net worth and financial security of a renter versus a homeowner.

The Spring Market is very strong.  Historic Low Interest Rates may not last forever.  The first sale I made in 1981 had an interest rate of 19.5%!  Enough said and begin to build your equity as a buyer and sellers are selling at recovering prices.  Happy House Hunting!