Posts Tagged ‘basking ridge real estate’

Considering a move to Basking Ridge? 

Three bedroom ranch on almost half an acre!

Then check out this charming three bedroom ranch on almost half an acre at the end of a private lane close to town.  This home offers an updated kitchen, a renovated master bathroom, a finished room in the basement perfect for the kids or an office, a wall of windows overlooking a huge deck in the living room.  Two full bathrooms, a huge two car garage and a yard that is perfect for so many things….parties, soccer games, swing sets, gardening!

www.65SAlwardAve.com

www.65SouthAlwardAvenue.com

I got my water bill yesterday – WOW – it really goes up in the summer time! I suppose it could be because my pool leaks…no, not really, we fixed that problem last summer!  I attribute it to my underground sprinkler system – and the puddles of water I noticed in my beds this week.  I bet you thought this post would be about Short Sales!

According to the Environmental Protection Agency, nationwide more than 7 billion gallons of water a day go to landscape irrigation. Aside from that being a lot of water, as much as half of it is wasted because it falls on sidewalks or evaporates into the air before it reaches the ground. Luckily, a few simple changes can help you save a precious resource and lower your bills. HouseLogic recommends that homeowners think of the acronym DIRTS (drip irrigation, recapture, timers and sensors) in order to remember steps to take for saving water and money while still maintaining a great-looking yard:

1. Drip irrigation systems are long, thin plastic tubes with small fittings that release water, allowing you to send water only where you need it. A new drip system costs around $200 for a whole yard, or you can convert your existing in-ground sprinkler system. The cost is well worth it: Going from sprinklers to drip irrigation can cut lawn water use by up to 50 percent.
2. Recapturing rainwater allows you to irrigate at no cost. To harvest rainwater, place a simple plastic or wooden drum, with a spigot near the bottom where you can attach your hose, underneath a downspout. A 60-gallon barrel costs only $75 to $150, and one inch of rain on a 1,000-square-foot roof provides 600 gallons of runoff.
3. Putting your irrigation system on a timer will keep water waste to a minimum and can also help you comply with any local watering restrictions. Timer kits range from the simple to more sophisticated ones with sensors that adjust the water flow based on how much rain has fallen.

Basking Ridge Market info:

It’s been relatively quiet in my world of Basking Ridge real estate this past week – two stalled negotiations, but one property in attorney review and a closing scheduled for this week.  As for our town, there were eleven new listings since August 1 - three condos, a town house, six colonials and an expanded ranch listed from $229,900 to $2.6m.  A more important stat, 14 properties went under contract – six townhouses, a condo, six colonials and a cape cod listed from $224,000 to $1.39m.  I also noticed at least two properties go into attorney review.  So, despite the economy…. there ARE buyers out there!

I went on a listing appointment last Friday and I have two more this week – attention buyers: there are going to be some really nice homes on the market this fall!  Be the first to know about them by signing up for listing alerts from Basking Ridge real estate.

Let me know if you need help figuring out how to find those buyers or if you are thinking about making a move here in town; I can help assess the value of your home in today’s market.  I’m happy to talk with you about Basking Ridge Real Estate!

The following properties have closed in the last month:

110 Jamestown Rd 
257 Mount Prospect Rd
5 Hansom Rd
55 Mount Airy Rd
20 Raleigh Ct
40 Meeker Rd
42 Mayflower Dr
55 E Oak St
44 Beechwood Rd
29 Vanderveer Dr
25 Stacy Ln
38 Hansom Rd
6 Magnolia Path
84 Huntington Rd
14 Village Drive - **my listing**
210 Potomac Dr
39 N Dexter Dr - **my sale**
10 Prescott Ct
397 Penns Way
72 Victoria Dr – **my listing**

If you are considering a move to Basking Ridge, I am happy to help.  Access my website to search homes for sale in Basking Ridge or homes for sale in Bedminster or you can contact me for access to other towns.  My team and I support all of Somerset County and beyond!

Coming soon… four bedroom, two and half bath colonial on just about an acre in a great Basking Ridge neighborhood!  Mark your calendar for a public open house on Sunday, July 31th between 1:00 and 5:00.  List price $TBD, but very reasonable!

There is no doubt that this is a great time to buy a house. Purchasing a home has remained affordable, primarily because of the extended period of historically low interest rates that has continued for more than two years. A wide variety of properties from which to choose and affordable prices sweetens the opportunity for homebuyers.

The general public agrees, and so does the secretary of the U.S. Department of Housing and Urban Development. Consider these recent reports:

• According to a recent Gallup poll, 69 percent of Americans believe that now is a good time to buy a house.
• Responding to a recent New York Times/CBS News poll, nine in 10 Americans said homeownership is an important part of the American dream.
• The National Association of Realtors’ ninth housing pulse survey showed that the overwhelming majority of Americans (72 percent) say that buying a home is a good financial decision. Almost two-thirds (64 percent) say that now is a good time to buy a home.
• During a recent interview broadcast on CNN, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, urged Americans to purchase homes. He said, “In the long run, it is a good time to become a homeowner because it’s so affordable today compared to where it’s been for generations.”

If you are considering a move into or out of Basking Ridge, click here for a free market analysis of the value of your home in today’s market.  Or click here to search for homes available in Basking Ridge.

www.Basking-Ridge-Real-Estate.com

There are several things going on in my Basking Ridge Real Estate world that I thought I would share. 

Moving sale at 11 Archgate Road in Basking Ridge

Friday, 6/24 from 9am – 2pm and Saturday, 6/25 from 9am – 12pm. Priced to Sell. Loads of kids toys, clothes, games and books. Household items, furniture, storage, etc. Too much to list. Take Lyons Road to 11 Archgate Road.

Featured Open Houses

22 Lyons Place from 1:00-5:00 on Sunday, 6/26.  The list price on this home was just reduced from $519,000 – a great opportunity for a first time home buyer or someone looking to renovate, remodel or build on what is almost an exact acre in the heart of Basking Ridge.

258 Alexandria Way from 1:00-4:00 on Suday, 6/26.  This open house is still tentative – watch the internet for confirmation.  A Greenbriar model in Spring Ridge, this unit features a newly finished basement, newer windows, hardwood floors, new carpet and a gas stove.

Loan limits

On September 30, the cost of a mortgage could rise significantly as Congress is consiering lowering the mortgage loan limits for FHA and GSEs. Currently, in Somerset County the FHA loan limit is $729,750 but it is proposed to be reduced to $625,500.  This will add a hurdle for even well qualified buyers by reducing affordability.  This is not something we need now, not as our markets are just starting to level off. The real estate community is working hard to keep mortgages affordable – campaigning to keep the current loan limits.

Basking Ridge Real Estate – information for you

If you are considering moving into or out of Basking Ridge, this might be the best time to do so!  Get your house on the market and SOLD before the loan limits change.  Summer typically is a slow time, however, the last few offers I have written were presented in competitive bid situations – there ARE buyers out there and I can help you find them for your Basking Ridge home.

Search homes for sale in Basking Ridge or get your home’s value in today’s Basking Ridge market.

This week’s featured open houses are at 22 Lyons Place and 258 Alexandria Way.  Both in Basking Ridge from 1:00 until 4:00 on Sunday, June 5th.  Hopefully the weather will be great and you will have an opportunity to meet two great agents and walk through two great properties!  Interest rates are still low and it’s a great time to buy!

If you are considering a move into or out of Basking Ridge, feel free to conact me for a no obligation discussion of today’s market.  Or you can search homes for sale on my website and call me when you are ready.

New listings coming soon

I am so excited to present my two newest listings!  On June 1st, I will list 258 Alexandria Way, a greenbriar model in Spring Ridge – this is a duplex with a first floor master.  The current owner has replaced many windows, installed maple hardwood floors, new wool carpet upstairs.  The ran a gas line to the kitchen so the new Bosch range/oven is gas; the diswasher was also recently replaced with a Bosch.  Topping this all off is a beautifully renovated main bath!  List price is $475,000 – a great value considering the prices of our competition are $489,000!  Come visit the open house on Sunday, 6/5.

My other new listing is still a secret, but I can tell you it’s a great ranch – one floor living with a finshed lower level and an updated kitchen.  A wonderful deck overlooking a beautiful pool; nestled on three acres in the northwestern section of town.  I sold this house six years ago and it remains one of my favorite properties in town!  Own your own piece of paradise!

Market Absorption

With 221 active listings in town and 41 sales in the last thirty days, the Basking Ridge market is at 5.4 months of inventory.  14 of those sales were under $500,000, 10 were between $500,000 and $700,000, 13 were between $700,000 and $1,000,000 and four were over $1,000,000.  There were no sales over $2,000,000.

Current Inventory

• 32 properties under $300,000
• 27 between $300,000 and $400,000
• 26 between $400,000 and $500,000 (with six at $499,000)
• 22 between $500,000 and $600,000
• 17 between $600,000 and $700,000
• 15 between $700,000 and $800,000
• 19 between $800,000 and $900,000
• 5 between $900,000 and $1,000,000
• 38 between $1,000,000 and $2,000,000
• 6 between $2,000,000 and $3,000,000
• 5 over $2,000,000
• 87 of the active listings are townhouses or condos (search here)
• 134 of the active listings are single family homes (search here)

There are eight properties that are under contract with contingencies.  I am seeing more and more contracts with home sale contingencies; it is no longer unheard of.  There are ways to do that while protecting the best interests of both the buyer and the seller.  Feel free to call me for more information about that; I’m happy to help!

Have a wonderful Memorial Day weekend!

This week’s featured open houses include 14 Village Drive and 384 Penns Way; both properties in Basking Ridge will be open from 1:00-4:00.

14 Village Drive is in Lord Stirling Village – a development of 150 homes, located north of the Great Swamp, just off of South Maple Ave.  The community features a pool and tennis courts.  Dogs are not allowed in the units, inside cats are okay.  This two bedroom two and a half bath town house shows like a model home and is being offered at $355,000.

384 Penns Way is in Society Hill; a 250 model townhouse it features two bedrooms each with its own full bath.  An eat in kitchen, living room/dining room combo and a brilliant offering price of only $260,000.  This is an amazing deal for a two level townhouse in Basking Ridge.

If you are considering a move into or out of Basking Ridge, NJ, consider signing up for listing alerts.  I can send you new listings as they come on the market; I can also send contract sales and information about properties when the close so you can track sales data.  Or, let me do it for you – my Basking Ridge Home Sales data is updated early each month.

There is some exciting springtime activity going on here in Basking Ridge!  The market has absolutely picked up – absorption rates are hovering under 5 months, with less than 3 months in the lower-priced condo market.

I listed 14 Village Drive in Lord Stirling Village last week.  This unit is bright and sunny, with many rooms freshly painted and an updated kitchen! Features include cherry cabinets, tile backsplash, neutral bathrooms, vaulted ceilings, skylights and recessed lighting.  The private patio is accessible from both the kitchen and den during the warmer weather it feels like another room! The den features a french door and a fireplace – it’s my favorite room in the house! The second bedroom features a walk-in closet with built-in organizers and there is extra storage in the utility room.  14 Village Drive is centrally located close to Basking Ridge town center, the Bernards Township library, parks, schools, public transportation and major highways (rts 287, 202/206 and 78).

Lord Stirling Village covers 52 acres just south of the Great Swamp nature preserve.  A small community comprised of only 150 units featuring a pool and tennis courts.  Association fees include water and garbage collection.

If you are considering a move to Basking Ridge, there are many town houses and condos for sale; or search for single family homes instead.