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"Antoinette" Scognamiglio, GRI 201.240.8699 ~ Morris County, NJ Homes

Denville NJ Home Sales Report ~ December 2008

Denville, NJ, the "hub of Morris County," enjoyed 15 closed sales for the month of December 2008. There are currently 109 homes available. There are 17 homes that are under contract. Following are sales details for the month of December 2008.

Residential / Condo / Coop Listings

No:

Address

List Price

Style

RM

BR

TBT

Gar

BSMT

Sold Price

DOM

1

7 Hilltop Trl.

$249,000

Ranch

4

2

1

0

Yes

$230,000

121

2

25 RIVERSIDE DR*

$289,000

Split Level

6

3

2

0

Yes

$282,500

214

3

64 SUMMIT DR*

$289,000

Cape Cod

8

3

1.1

1

Yes

$284,200

14

4

86 E SHORE RD*

$315,000

Ranch

5

3

1

1

Yes

$300,000

54

5

242 FRANKLIN ROAD

$319,999

Ranch

7

3

2

0

Yes

$300,000

106

6

39 SHAWGER RD*

$350,000

Ranch

6

3

1

1

Yes

$326,625

23

7

212 SHEFFEILD CT*

$369,900

Townhouse-Interior

6

2

2.1

1

Yes

$335,000

153

8

2304 Middlefield Ct.

$399,000

Townhouse-Interior

7

3

2.1

2

Yes

$377,500

53

9

1 AUDUBON DR*

$400,000

Custom Home

9

4

3

2

No

$400,000

1

10

68 Cooper Road

$465,000

Ranch

9

4

2

2

Yes

$450,000

213

11

15 NEW STREET

$485,000

Bi-Level

8

4

2.1

2

No

$440,000

11

12

40 BENEDICT CRES

$649,900

Colonial

8

4

2.1

2

Yes

$625,000

56

13

6 OVERLOOK

$659,000

Colonial

10

4

2.1

2

Yes

$665,000

168

14

14 Jade Circle

$728,000

Townhouse-Interior

9

3

2.1

2

Yes

$714,000

124

15

8 Seymour

$850,000

Custom Home

9

4

2.1

2

Yes

$870,000

120

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834.

"Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong. Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.

Jefferson Township NJ Home Sales Report ~ December 2008

Jefferson Township, NJ has achieved a low in inventory finally, having had active listings hovering at or above the 200 mark for almost 1.5 years. Currently, there are 183 single family homes available for sale, with 21 homes being under contract.

Following is the Jefferson Township home sales report for December 2008.

Residential / Condo / Coop Listings

No:

Address

List Price

Style

RM

BR

TBT

Gar

BSMT

Sold Price

DOM

1

20 Easy Drive

$37,900

See Remarks

4

2

1

0

No

$35,000

230

2

44 RIDGE ROAD, UNIT T-21

$42,100

Trailer

4

2

1

0

No

$39,000

134

3

24 MARTIN VIEW RD*

$54,900

Fixer Upper, See Remarks, Split Level

4

1

1.1

0

Yes

$68,500

22

4

20 PERSHING AVE*

$149,900

Colonial

5

2

1

0

Yes

$145,000

163

5

680 ST ROUTE 15 S UNIT 56

$157,500

Townhouse-End Unit

4

1

1

0

Yes

$148,500

75

6

10 Ogdon Court

$254,900

Townhouse-Interior

5

2

2

1

No

$230,000

184

7

2 Madoc Tr.

$289,500

Ranch

8

3

1

2

Yes

$270,000

73

8

27 SACHEM RD*

$294,900

Ranch

8

4

2

1

Yes

$289,000

177

9

42 RESERVOIR RD*

$307,000

Cape Cod

8

4

2

1

Yes

$287,000

81

10

1 Armstrong Dr.

$329,900

Ranch

7

3

2.1

1

Yes

$310,000

101

11

11 MORNING GLORY RD*

$395,000

Ranch

11

3

2

2

Yes

$350,000

160

12

15 NORTH GLEN CIRCLE

$434,900

Colonial

11

4

2.1

2

Yes

$422,000

118

13

17 Colonial Oaks Dr

$450,000

Colonial

11

4

2.1

2

Yes

$445,000

66

14

32 WINDING BROOK LN*

$451,000

Colonial

9

4

2.1

2

Yes

$427,500

189

15

11B FORD DR*

$460,000

Colonial

8

3

3.1

1

Yes

$450,000

189

16

7 LIGHTHOUSE CIR*

$499,999

Colonial

10

4

2.1

2

Yes

$475,750

43

17

7 W Elro

$525,000

Colonial

10

5

2.1

2

Yes

$525,000

0

18

208 HIGHPOINT CT

$559,900

Colonial

9

4

2.1

2

Yes

$540,000

36

19

28 SLEEPY HOLLOW DR*

$675,000

Colonial

10

5

2.1

2

Yes

$645,000

49

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834.

"Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong.

Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.

Lake Hopatcong NJ Lakefront Homes Sales Report ~ June / December 2008

Lake Hopatcong's lakefront market started off with a high inventory of 85 homes up until July 2008, but has now dwindled to an active inventory of 60 homes for sale. As of this writing, there are 3 homes that are under contract.

Following are closed sales from June through December 2008.

Residential/Condo/CoopListings

No:

Town

Address

ListPrice

Style

RM

BR

TBT

Gar

BSMT

SoldPrice

DOM

1

Jefferson Twp.*

36McNabbRoad

$369,900

Cape Cod, Colonial

7

3

1

0

Yes

$355,000

56

2

Jefferson Twp.*

2SandyPointDr

$419,000

Ranch

7

3

2.1

0

No

$375,000

23

3

Jefferson Twp.*

126ChincopeeRd*

$450,000

Colonial, Contemporary

6

2

2.1

0

No

$370,000

64

4

Jefferson Twp.*

24BenedictDrive

$589,000

Colonial

8

3

2

1

No

$570,000

141

5

Jefferson Twp.*

6LorettacongDr*

$599,000

Cape Cod

10

4

3

2

No

$565,000

87

6

Jefferson Twp.

183SNewJerseyAve

$600,000

Lakestyle

8

3

2

0

Yes

$560,000

131

7

Jefferson Twp.*

104ChincopeeRd*

$1,181,000

Colonial

8

4

3.1

2

Yes

$999,999

122

8

Mount Arlington Boro*

3SBertrandRd*

$400,000

Colonial

6

2

1.1

0

Yes

$400,000

35

9

Mount Arlington Boro*

29CoveRd*

$524,900

Ranch

6

3

2

0

Yes

$438,000

238

10

Mount Arlington Boro*

33CatamaranCt*

$549,900

Townhouse-Interior

7

3

3.1

2

No

$520,000

183

11

Mount Arlington Boro

31CatamaranCourt

$579,900

Townhouse-EndUnit

8

3

3.1

2

Yes

$550,000

245

12

Mount Arlington Boro*

145McgregorAve*

$625,000

A-Frame, Chalet

7

3

3

0

Yes

$550,000

447

13

Mount Arlington Boro*

37LakeshoreDr*

$625,000

Townhouse-Interior

8

3

3.1

2

No

$590,000

177

14

Mount Arlington Boro*

17HillardRd*

$859,900

Colonial, Custom Home

9

4

2.1

2

Yes

$859,900

134

15

Roxbury Twp.

109MtArlingtonBlvd.

$425,000

Bi-Level

10

4

3

1

No

$369,000

7

16

Roxbury Twp.*

13CottageAve*

$575,000

Colonial

8

3

2

0

Yes

$525,000

79

17

HopatcongBoro*

8OneidaAve*

$274,500

Bungalow, FixerUpper, Ranch

5

3

1

0

Yes

$260,000

200

18

HopatcongBoro

241HudsonAve

$339,900

Colonial

6

3

1.1

0

Yes

$300,000

76

19

HopatcongBoro*

106PitneyRd*

$425,000

Colonial, Custom Home

5

3

2.1

0

Yes

$431,000

118

20

HopatcongBoro

307SquawTrail

$549,000

Colonial

7

3

2.2

0

Yes

$525,000

81

21

HopatcongBoro

457LakesideBlvd*

$595,000

Colonial

9

5

3

1

Yes

$500,000

280

22

HopatcongBoro*

656LakesideAve*

$779,900

Colonial

11

4

3

4

Yes

$779,900

29

23

HopatcongBoro*

37WildwoodShoresDr*

$999,900

Colonial

7

3

1.1

0

Yes

$750,000

0

Antoinette Scognamiglio

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834.

"Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong.

Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.

"We're Negotiable" Is No Bandaid for Overpricing!

"We're negotiable." This is such a very familiar phrase these days. Those two words can have a very different meaning when the seller's asking price is far beyond market value, according to what has sold in the recent past or is now currently being marketed.

I speak to every homeowner I run across who is attempting to sell FSBO in my market. Currently, of the four I am speaking with, three are from $30K to $125,000 overpriced from where they should be to be competitive with current inventory or at least at market value.

So here's what "We're negotiable" will translate to in "buyer-ese" and to other Realtors® in that community...

"The homeowners don't know what's going on in the market."

"We're (the sellers) basing our asking price on a house that sold on our block one year ago." (An entirely different market)

"We think buyers aren't all that intelligent and will be dumb enough to approach us with an offer."

Here's a news flash. The only time the words "we're negotiable" are remotely effective, is when the home is being marketed at or very close to current market value. That means, if you were to look at every single home on the market within that Township or niche (lakefront for example), with the same amenities as the subject home, your home would be close to or at the other asking prices.

To state that you're "negotiable" when your price is way out of wack with reality, is exceptionally insulting to the buyer and translates to a case of "another greedy seller with a 2005 mindset." I work with buyers all the time and these are exactly or very close to their parting words to me as we walk away from the home.

Pricing your home for sale is the most important exercise you can perform. In a market where real estate values have been dropping in the past at .05% per month and with the deepening fiscal crisis, will soon drop at 1% per month, what the homeowner is doing is throwing away their equity with each passing day they market their home at an unrealistic price.

The words "we're negotiable" is not a miraculous panacea will bring offers to your kitchen table any time soon. The only time being negotiable is of any value is when the starting point is reality based...otherwise, it's just a waste of your valuable time and equity.

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834.

"Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong. Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.

FSBO ~ Outstanding Colonial in Prestigious Union Hill Neighborhood (Denville, NJ)

Look no further!

This spacious Colonial sits majestically on a one-acre-plus lot, with a splendid generously-sized backyard buffered by woods. Your immense yard offers privacy on a beautifully maintained level lot. Entertain spring through autumn on your deck which overlooks a paver patio and built in firepit, along with an expanse of grassy lawn and charming gazebo. The jacuzzi is only one year young and stays with the glorious home! If you so choose, there's room for an inground pool to complete your outdoor retreat!

Step along the brick paver patio and enter through the dramatic foyer; you'll immediately notice the home has been freshly painted in neutral tones and is immaculate. The wonderful flow to this home encourages you to entertain family and friends, and will impress all. The hardwood floors flow throughout the first floor, as well as upstairs to the bedrooms.

The formal dining room is large and tastefully appointed. The eat-in kitchen is immense, with a very spacious pantry located within and features convenient sliding glass doors to the deck. The family room is huge with wood burning fireplace and surround sound. Lots of windows make this space full of natural light. The main floor also boasts a den, formal living room, laundry room and loads of closet space!

All of the four bedrooms are extremely spacious with double closets in each. The master bedroom suite steals the show, however, with two walk in closets and an additional room that can be used either as an office, sitting area or nursery. The master bath boasts an immense shower stall with frameless glass doors, dual sink vanity with granite and hardwood cabinets, jacuzzi tub, linen closet and tavertine flooring.

The basement is full and unfinished. It offers an incredible amount of storage space. The three car garage is heated, carpeted and offers tons more room for storage.

Asking price is $875,000.

The taxes are just under $13,000.

See everything else, then visit this home and make your choice!


This home is being marketed for sale by owner. All customers should conduct their own due diligence of facts contained herein if dealing solely through the homeowner. "Antoinette" Scognamiglio has been granted permission by the homeowner to advertise and show the home and will act as Transaction Agent in expediting the transaction to a close should my efforts produce a qualified buyer. Contact "Antoinette" Scognamiglio of Prudential New Jersey Properties directly at 201.240.8699 for an appointment to view this home.

"Antoinette" Scognamiglio (licensed as Maria), Sales Associate, Prudential New Jersey Properties. 64 Diamond Spring Road, Denville, NJ 07834. Office: 973-625-1870 x105. Cell: 201-240-8699. Email: ascognamiglio@njrealestate.com. Information is deemed reliable but not guaranteed.

Are you considering purchasing a home in Morris County? I specialize in the Morris County, New Jersey marketplace, with expertise in Lakefront property (especially Lake Hopatcong). Certified by Prudential New Jersey Properties as a relocation specialist, I take exceptional care in assisting my clients in finding their new home and community.

Please visit my website to learn more about my philosophy in conducting real estate business and to access the resources I offer to buyers and sellers. My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands.