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.

 

6 Deer Trail Franklin Lakes NJ6 Deer Trl – Franklin Lakes, New Jersey

Original Price: $1,699,000

Sold Price: $1,652,000

Days on Market: 21

Beds: 6  Baths: 4 full, 2 half

Details: 

Custom built stone and cedar farmhouse colonial tucked away on a quiet cul-de-sac.This warm and inviting Avanzato built home features an expansive two story entry foyer, banquet size dining room with glass French doors, living room with glass French doors and gas fireplace. Custom, Peter Salerno gourmet kitchen with sun drenched breakfast area, coffered ceiling, granite, center island, tumbled marble backsplash with access to private park like property. Exquisite solid oak library with glass French doors, gas fireplace, coffered ceiling and extensive custom moldings throughout. 2-story great room with gas stone fireplace surrounded by walls of windows overlooking secluded property. Romantic master suite features custom built-ins, vaulted ceiling, and fireplace plus 5 additional bedrooms. Finished lower level with family room, office, gym, FBTH with steam shower & access to 3 car garage. Custom moldings, hardwood floors, rear staircase, expansive paver patio, newer decorative fence, bluestone front porch& generator.

Listed by: Ellen Horowytz 

 

32 Knoll Rd - Tenafly NJ32 Knoll Rd – Tenafly, New Jersey

Original Price: $1,289,000

Sold Price: $1,250,000

Days on Market: 29

Beds: 5 Baths: 3 full, 1 half

Details: 

This beautifully expanded and renovated colonial has it all! Prime East Hill location on a magnificent, private 0.54-acre lot; five bedrooms on the second floor, including a beautiful, enormous master suite with vaulted ceilings and oversized walk-in closet. Huge family room with cathedral ceilings and flooding sunlight. New eat-in kitchen with large center island, Thermador appliance, and granite counters, flowing to a breakfast area overlooking the stunning backyard and bluestone patio. Separate, spacious living room with fireplace, as well as a formal dining room, for entertaining. Recent upgrades include newly renovated bathroom and powder room, a first-level laundry room for convenience, new AC unit, full house generator, covered gutters, upgraded electric, and new hardwood floor upstairs. Finished basement and three-zone AC complete this home, a must see and priced to sell!

Listed by: Susan Zabinski

 

441 Overhill Dr - S Orange NJ441 Overhill Dr – South Orange, New Jersey

Original Price: $1,185,000

Sold Price: 1,165,000

Days on Market: 12

Beds: 7 Baths: 3 full, 2 half

Details: 

Delightfully bright, fresh and modern, this stately English Tudor nestled at the top of Newstead is one of South Orange’s most iconic, offering 7 generously sized bedrooms, 3 full & 2 half baths, 2 car garage, seasonal NYC views and many recent upgrades. Custom features abound including a sweeping marble staircase, roaring gas fireplace, slate roof, all brick exterior and intricate millwork throughout. Gleaming hardwood floors, crisp white walls, and banks of windows set the tone. Bask in the grandeur of soaring ceilings and sunlight in every corner, featuring a front-to-back living room and banquet-sized dining room, first-floor office and elegant leaded glass windows. The spectacular lower level offers a cinema-quality home theater and at-home “diner”. Less than a block to the NYC jitney.

Listed by: Anthony Verducci

 

43 Royden Rd - Tenafly nj43 Royden Rd – Tenafly, New Jersey

Original Price: $860,000

Sold Price: $813,000

Days on Market: 48

Beds: 5 Baths: 2 full

Details: 

5 Bedroom (two on 1st floor, three on 2nd floor) 2 full bath colonial on an Easthill cul-de-sac. Featuring an amazing 2-story family room addition, large living room dining room combo, and 5 bedrooms, this home will surely please. Enjoy the lovely professionally landscaped backyard. Let the kids play in the large finished basement. Park your cars inside the 2 car garage. Upgrades include refinished floors, clapboard siding, and an automatic natural gas backup generator. Close to worship and NYC transit–top Tenafly schools–don’t be late for this terrific Tenafly offering.

Listed by: Philip Soo

 

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.