Archives for November 2016
55 Cedar Street Reduced to $1,448,000! Stunning Millburn Real Estate!
Colonial charm with all the amenities you want! Built in 1907, but completely renovated in 2014, this beautiful 4 bedroom home sits on an expansive 1/2 acre lot which has been fenced in for additional privacy and includes a bluestone patio to relax or BBQ on. Located in Wyoming district, a quiet tree-lined neighborhood that boasts one of the best ranked elementary schools in the country (ranked #5 in the USA) and which is part of the highly rated Millburn School District. This home is ideally situated walking distance less than a mile to both downtown Maplewood and Millburn, so you can easily enjoy the best of what both these towns have to offer, including a short midtown direct train ti the city! Also located right near the beautiful South Mountain Reservation Trail at locust grove.
In an article about New Jersey real estate in the Star-Ledger, Millburn was ranked the #1 hottest real estate market in New Jersey by a nonprofit organization for Realtors called New Jersey Realtors. There is a link to the article below, as well as photo of the spread in the Ledger). The rankings gave equal weight to each of 3 metrics (median sales price, average days on the market & average percent of list price received). Millburn came in at $1,212,500 for median sales price, 41 average days on the market and 99.5% for average percent of list price received. In New Jersey real estate, the top 10 towns came in as follows:
- South Orange
- Glen Ridge
- Chatham Borough
- Fair Haven
Arlene was actually quoted in the Millburn section! Here is the excerpt from the Millburn section:
This tony suburb in Essex County known for it’s great public schools and train access to New York City tops New Jersey Realtors’ ranking of the hottest real estate markets in the Garden State. For homebuyers looking at properties priced under $1.5 million, Arlene Gonnella, a sales associate for Weichert Realtors in Short Hills, said “it’s highly likely that they will be in a competitive bidding situation.”
Link to the Article – “The 10 hottest real estate markets”