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.

 

1 Lambs Ln - Cresskill NJ1 Lambs Ln – Cresskill, New Jersey

Original Price: $2,100,000

Sold Price: $2,000,000

Days on Market: 29

Beds: 6 Baths: 6 full, 1 half

Details: 

Best value on prestigious Lambs Lane! Meticulously maintained, contemporary home with soaring ceilings and walls of glass overlooking almost 2 acres of park-like property. Newly sanded hardwood floors, newer kitchen, main level has great room, office, den, formal dining room, kitchen and breakfast room. The second level has a large master suite and three additional bedrooms/ Two additional bedrooms on lower level. Full, finished ground floor. Generator and 3 car garage.

Listed and Sold by: Dennis McCormack

177 Kensington Dr - Fort Lee, NJ
177 Kensington Dr – Fort Lee, New Jersey

Original Price: $989,000

Sold Price: $850,000

Days on Market: 156

Beds: 4 Baths: 3 full, 2 half

Details:

Pack your clothes and move right into this fabulous townhome in a gated community. Professionally decorated with attention to every detail this 4 bedrooms, 3 full baths, 2 half baths boasts an exquisite master bedroom suite with fireplace, bath with double size jacuzzi and huge shower and dressing room, granite heated floors,  and antique cabinets. All of the family bedrooms are ensuite with closets galore! The huge living room has a fireplace and floor to ceiling windows. Home features a family room, dining room, and gourmet eat-in-kitchen with custom cabinets and high-end appliances which leads to an extended deck for relaxing and entertaining. Unique handcrafted wall treatments and palladium windows. Beautiful wood and stone flooring, 2 car garage, security system, health club, pool, children’s playground, and more! 

Listed by: Judith Miller Sold by: Joseph Pompeo

120 Stonebridge Rd - Montclair NJ120 Stonebridge Rd – Montclair, New Jersey

Original Price: $749,000

Sold Price: $825,000

Days on Market: 29

Beds: 5 Baths: 3 full

Details: 

Charming, mid-century colonial home on a private and quiet .6 acre level lot features lovely moldings, large rooms, hardwood floors and gracious floor plan. Private master bedroom suite on 1st floor has an updated bath and dressing area. Large windows light the entire house with bright southern exposure in the kitchen and family room. Kitchen with stainless steel appliances adjoins family room with fireplace and sliders to slate patio. 3 Bedroom + bedroom/office on 2nd floor with updated bath and large attic. Full, unfinished walk-out basement with great ceiling height could be finished for additional living space.

Listed by: Jane M. Wallace

240 Lincoln, Oradell NJ240 Lincoln Ave – Oradell, New Jersey

Original Price: $518,000

Sold Price: $485,000

Days on Market: 34

Beds: 3 Baths: 2 full

Details: 

Don’t miss this opportunity to live in the much sought-after town of Oradell, ranked #1 on the list of “Best Towns for Families” by “New Jersey Families” magazine (2016). This raised ranch has been meticulously maintained, updated and is situated on a dead-end street. It features hardwood floors throughout, updated kitchen with breakfast bar, granite countertops, stainless steel appliances, updated bathrooms, finished basement and lots of storage throughout the house. The bright kitchen leads to a large deck and pavered patio, with a fire pit and bench seating. The outdoor entertaining space and open floor plan are perfect for gatherings or just relaxing. This Beautiful home is conveniently located to NYC buses and trains highly-rated schools, and downtown shopping. There’s nothing left to do but move in.

Listed by: Christine De Pasquale

 

 

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 4/12/2017.  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!

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.

26 Emerson Ct - Cresskill NJ26 Emerson St – Cresskill, New Jersey

Original Price: $1,250,000

Sold Price: $1,207,000

Days on Market: 23

Beds: 5  Baths: 4 full, 1 half

Details:  

Stunning custom built home perfectly situated on a lovely dead end street, featuring 5 bedrooms and 4.5 baths. This home was totally rebuilt with high-end finishes, meticulous attention to detail with custom mill work throughout. The gourmet eat-in-kitchen has a large center island, breakfast bar, Jenn-Air appliances, pantry, wet bar with wine storage, sliding doors to inviting deck and fenced-in backyard, family room with fireplace and beautiful custom built-ins, fabulous large mud room and powder room complete the 1st floor. The master suite offers his and her walk-in closets and exquisite spa-like bath with radiant heat, Jack and Jill bedrooms, bedroom en suite and laundry room. The fully finished basement is complete with a bedroom, full bath, and rec room. In addition, this home is generator ready, wired throughout with security features including cameras and a whole home security system. Close to schools, downtown shops, parks and public transportation. This home is sure to impress.

Listed by: Jeri Green

orig_DSC_4153_4678165 (1)890 Colonial Rd – Franklin Lakes, New Jersey

Original Price: $1,199,000

Sold Price: $1,050,000

Days on Market: 74

Beds: 4 Baths: 3 full, 1 half

Details: 

This house is so welcoming and lovely. Once through the front door, you’ll feel enveloped with comfort, warmth, and beauty. The 1st floor is perfectly arranged for the way we live today. A formal dining room and cherry study are located in the front. The back of the home satisfies everyday living with 3 key ‘social spaces’. The kitchen, great room and billiard room! The heart of the home is the gourmet kitchen with center island, granite countertops, hi-end appliances, and french doors leading to the beautiful, professional landscaped, private backyard. The 2-story great room sits perfectly in the center of these spaces with a beautiful stone fireplace leading to the billiard/den with its fab wet bar. The 2nd floor has 3 bedrooms and 2 bath plus a zen master suite set privately away. It boasts a sitting room, 2 huge walk-in closets and a luxe master bath with soaking tub, oversized steam shower with multiple shower heads and 2 vanities. The 3-car garage is at grade level with access to mud room, laundry room and pantry. In a word, it’s… perfect!


Listed by: Mary Premtaj

1331 Grand St - Hoboken NJ1331 Grand St – Hoboken, New Jersey

Original Price: $769,000

Sold Price: $775,000

Days on Market: 10

Beds: 2 Baths: 2 full

Details:

Welcome to this gorgeous top floor 2 bedroom, 2 full bath condo in a desirable uptown location. This sun drenched unit features hardwood floors throughout, gas fireplace, surround sound, and washer dryer in unit. Two Completely updated full baths with all modern fixtures. The master bath has Carrera marble glass shower and flooring. The kitchen has been updated with all stainless steel appliances and a Bertazzoni stove, granite counters and lots of cabinetry. This steel and concrete constructed, elevator building features a fitness center, garage parking, and common terrace area for entertaining. This fantastic location is steps away from NYC transportation, schools, Trader Joe’s, movie theater, gyms, CitiBike station, and parks

Listed by: Philip Cicchetti

 

36 Dean Dr - Tenafly, NJ36 Dean Dr – Tenafly, New Jersey

Original Price: $558,888

Sold Price: $538,000

Days on Market: 169

Beds: 3 Baths: 2 full

Details: 

Move in ready, immaculate home, on the desirable east side of Tenafly. Located close to Smith School, parks, houses of worship, downtown and transportation. Completely updated with new hardwood floors, appliances, plumbing, roof(3 yrs) gutters and windows. This home also includes Central air and heating, soft water system, 200 amp electrical service, and underground sprinklers. Lovely eat-in kitchen, living and dining room, two full baths and three bedrooms. Spacious finished basement with room for an office and family room. Large backyard features a Jacuzzi tub, wrap around deck, patio, shed and manicured landscaping. Top rated schools, blue ribbon high school and very close to the best private schools in the area! This is a must see!!!

Listed and sold by: Dawn Pugliese

 

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 3/29/17.  Each Office Is Independently Owned and Operated.