The economy remains uncertain, but reductions are a sure thing in Baristaville this weekend. About 65 properties are showing in all. Some towns, notably Maplewood, West Orange and South Orange, are better represented than others; Glen Ridge has been quiet for weeks now.
6 Curtis Ave., West Orange
List Price: $314,900
Taxes: $9,730
Lot Size: 0.13 Acres
3BR/1.1BA
Just reduced by $14,100, this eight-room Split Level has been nicely kept up but not modernized. Attributes include hardwood floors; central air; stone flooring; a wood burning fireplace in the living room; recessed lighting in the kitchen; and a fenced-in backyard. A fourth bedroom could be constructed in the walk-up attic. The circa 1949 house is close to a bus stop. There is an unfinished basement and oversized one car garage. Open house 1 p.m. to 4 p.m.
12 Village Green Ct., South Orange
List Price: $419,000
Taxes: $12,787
Association Fee: $440
2BR/2.1BA
Boasting a $10,000 price reduction, this six-room Townhouse, an interior unit, has a recently renovated kitchen and bathrooms; new interior paint; a large master bedroom suite; fireplace in the living room; central air; deck; and its own YouTube video. The complex has a pool. A finished basement and one car attached garage complete this property. Open house 1 p.m. to 4 p.m.
32 Southern Slope Dr., Millburn
List Price: $699,000
Taxes: $11,619
Lot Size: 0.15 Acres
4BR/2BA
Constructed in 1927, the interior and exterior of this eight-room Colonial Cape Cod was recently repainted. Rooms are tastefully appointed; most are decently-sized, but the kitchen is small. Other house attributes include central air and a fireplace in the living room. There is a finished, full basement and two car detached garage. Open house 1 p.m. to 4 p.m.
235 Irving Ave., South Orange
List Price: $599,000
Taxes: $16,791
Lot Size: 0.40 Acres
6BR/3.1BA
Just reduced by $25,900, and down $100,000 from its original list price, this expansive 11-room Center Hall Colonial is located in the Montrose section of town. Nicely maintained, the circa 1914 home has an updated kitchen; multiple fireplaces; sun room; foyer with rounded ceilings; and a large, flat backyard. The master suite has a sun porch, walk-in closet, fireplace and bathroom. There is a full, unfinished basement and two car detached garage with loft storage. Open house 1 p.m. to 4 p.m.
Also showing: 89 Hillside Ave., West Orange, an eight-room Colonial on top of a small hill, has New York City views in the winter. The four bedroom, 2.1 bathroom house, pictured at left, is listed at $349,000. Open house 2 p.m. to 4 p.m. Another notable listing is 26 Fulton St., Montclair. The two-family, eight-room house has four bedrooms and two bathrooms. The house is currently used as a one-family. $265,000; open house 2 p.m. to 4 p.m.
Recently reduced: The price of 36 Plymouth Ave., Maplewood, was just lowered by $30,000 – its second such reduction this summer. The furniture in the house is also for sale as a package. $419,000; open house 1 p.m. to 4 p.m. 1 Canterbury Dr., Montclair, was also reduced by $30,000. The price of the seven-room Tudor, featured in the Nov. 14 roundup and at left, has been lowered at least three times. The house is short sale approved. $239,000; open house 2 p.m. to 4 p.m.
The bargain is the $175k place on carteret.
So is the S. Orange house haunted, or the site of a horrible murder? I’ve driven through that neighborhood, and the homes are impressive, but it seems like every second house is for sale. Of course, if you drive two blocks west you get a healthy dose of diversity, but you can easily pick up a forty of malt liquor and get a check cashed. Montclair could head down the same path if the folks picking up the tab decide that their quality of life is deteriorating, but hey some people would be happy that the housing is more affordable. Who doesn’t enjoy a good old race to the bottom.
Alternatively, $699m in Millburn gets you a house the size of a family camping tent on a postage stamp lot, but your kids get to attend Millburn schools. Go figure.
You are such a downer, deadeye.
Tudlow, did you forget to take out your rose coloured contacts again?
I guess I should have bought in Millburn.
No, PAZ, why do you ask? Because I don’t make sarcastic comments about “healthy doses of diversity” and fret that Mtc will turn into a shantytown because there are no clay tennis courts?
Tudlow….Don’t get upset about the diversity of comments on B’net. Get upset about the de-evolution of society and how it will affect all our comfortable muddled class lives. The Iowa straw polls are in and it looks good for Wall St. but Main St?….Not so.
Well, PAZ, I don’t think Bachmann has a chance so I’m not in any kind of tizzy over the straw poll results.
You think I see the world through rose colored glasses? Never thought of myself as overly cheerful and optimistic. A goofball with serious intentions, maybe, but overly cheerful? Nah.
And don’t you think the comments on B’net represent society? Why not get upset every now and then about some of the comments here if they are emblematic of what’s wrong with this country. (Love ya, though, deadeye.)
PAZ, have you read Winner-Take-All Politics? I think you would like it.
“… if the folks picking up the tab decide that their quality of life is deteriorating.”
Don’t worry deadeye, I’ll still be around, picking up the tab as usual.
My glasses are rose colored, always have been, but then again, I’m a typically optimistic American.
“The good ole days weren’t always good, and tomorrow ain’t as bad as it seems.”
I think soon someone like Bachman will be in charge – and as commodities become more scarce and more expensive and people get more angry about having to do with less we will devolve even more. I don’t think the boomers or the milllennials will be capable of managing well in world in which things may be rationed. Everyone just expects prosperity.
“The American people never carry an umbrella. They expect to walk in eternal sunshine.”
Al Smith
http://www.saynotopinnaclebuildinginmontclair.com
Mr. Smith wrote this song, right?
https://www.youtube.com/watch?v=iPUmE-tne5U
No need to worry about Bachman or Palin. Better to have thes characatures out there early to serve as navigational aids that mark objects that are to be avoided. The real issue is getting someone truly up to the task of getting us back on course..and it isn’t the crew we’re suffering with now.
BTW, I think that the S.O. homes in that enclave represent value, better value than a significant cohort of MTC properties. I’d swap their twelve year old mayor for the “green caped crusader'” as he was so aptly named by one of the b’net regulars.
Hey deadeye
where were you few years ago when $699 could only buy a postage stamp lot with a tent in montclair and nothing in millburn? Nobody complained then because kool aid was potent.
As for the properties in SO representing value: most of those properties were even cheaper ten years ago with lower taxes so the discount you see is nothing for unloading overpriced overtaxed high-maintenance houses.
Trip. I’ve lived here for twenty years in a very nice home. That, and the fact that real estate finance figures rather prominently in what I do for a living, and I’m not a mortgage broker or real estate agent, gives me decent frame of reference on the real estate market. So to answer your question, I was right here watching the eager beavers bidding up houses that looked cheap relative to surrounding communities, fueled by debt that they couldn’t service. Kind of like watching a slow motion train wreck. Basically, if something appears too expensive, it usually is. As for the S.O property, the same house in MTC would be ~300m higher, and the taxes would be around 40m/yr. The differential comes close to covering private school tuition for two kids.
Deadeye
the SO property is in the cheaper areas of the town. Take a look at the Montclair listings you will find many similar houses in cheaper areas of MTC asking the same price – same taxes. If SO is a bargain then MTC is.
My point however is that houses are still overpriced. For that SO house one needs a monthly income of $200K which is three times the average household income of that town. Why would anyone who makes three times the average household be forced to live in the cheapest area of the town? It makes no sense.