Randolph & Shongum Lake Real Estate

Hello, I am Missy Iemmello and I am your Randolph Twp & Shongum Lake Real Estate Resource. This website is your one stop shop for all things related to Randolph & Shongum Lake Real Estate .

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Here you can find last month's closed transactions in Randolph Twp and Shongum Lake. You’ll be able to see the Street Address, the list price (List $), the sold price (Sale $) as well as the beds, baths, garage, basement, year built, days on market (DOM) and the date closed. Please note that List Price and Days on Market are reflective of the listing contract in place at time of sale and do not consider any previous listing agreements.

*Information deemed reliable but not guaranteed. Not all sales made by Missy Iemmello or Remax.

Randolph Twp Closed Real Estate Transactions December 2016*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
21 COMBS HOLLOW RD RANDOLPH TWP COLONIAL 4 2 2 YES 1735 $299,900 $320,000 14 12/28/16
28 ALBERT COURT RANDOLPH TWP TOWNHOME 3 3.1 2 YES 2016 $571,982 $575,112 104 12/28/16
59 HILLTOP DRIVE RANDOLPH TWP BILEVEL 4 2.1 2 NO 1973 $425,000 $420,000 105 12/22/16
22 ALBERT COURT RANDOLPH TWP TOWNHOME 3 3.1 2 YES 2016 $524,990 $524,990 65 12/22/16
6 MARINER DRIVE RANDOLPH TWP COLONIAL 4 3.1 3 YES 1988 $548,000 $550,000 46 12/22/16
54 WILKSHIRE BLVD RANDOLPH TWP COLONIAL 4 3.1 2 YES 1994 $725,000 $710,000 46 12/21/16
18 ALBERT COURT RANDOLPH TWP TOWNHOME 3 3.1 2 YES 2016 $524,990 $520,822 32 12/16/16
241 DOVER CHESTER RD RANDOLPH TWP RANCH 3 2 1 YES 1950 $239,900 $214,900 31 12/15/16
13 ASHWOOD DRIVE RANDOLPH TWP RANCH 3 1.1 2 YES 1956 $258,500 $225,000 10 12/15/16
24 KENSINGTON DRIVE RANDOLPH TWP TOWNHOME 3 2.1 1 YES 1996 $373,800 $373,800 6 12/14/16
1 LAKE SHORE DR S RANDOLPH TWP SPLIT LEVEL 4 3 2 YES 1968 $420,000 $405,000 42 12/14/16
3 SKYLINE DRIVE RANDOLPH TWP COLONIAL 4 5.1 3 YES 2014 $975,000 $925,000 33 12/13/16
4 OAK DRIVE RANDOLPH TWP RANCH 3 1.1 0 YES 1956 $379,900 $376,000 7 12/9/16
11 MOUNTAINSIDE DRIVE RANDOLPH TWP BILEVEL 4 2 2 NO 1970 $418,000 $396,000 28 12/9/16
1146 SUSSEX TPKE RANDOLPH TWP BILEVEL 4 3 2 NO 1973 $297,500 $280,000 37 12/7/16
9 JULIANNE WAY RANDOLPH TWP COLONIAL 5 4.2 3 YES 2003 $979,000 $964,500 187 12/7/16
145 ARROWGATE DR RANDOLPH TWP TOWNHOME 3 2.1 2 YES 2000 $399,000 $380,000 18 12/6/16
21 COUNRTY CLUB DR RANDOLPH TWP TOWNHOME 2 2.1 2 NO 2016 $599,900 $599,900 31 12/2/16
11 PIERSONS HILL RD RANDOLPH TWP CUSTOM 4 2 2 YES 1966 $429,000 $410,000 36 12/1/16
63 MOUNTAINSIDE DR RANDOLPH TWP CUSTOM 3 2.1 2 YES 1976 $429,900 $429,900 187 12/1/16
36 ZELIFF PLACE RANDOLPH TWP COLONIAL 4 2.1 2 YES 1988 $449,000 $445,000 64 12/1/16
16 MOREY LANE RANDOLPH TWP COLONIAL 4 3.1 2 YES 1988 $619,900 $582,500 138 12/1/16
12 HEATHER LANE RANDOLPH TWP COLONIAL 4 3 3 YES 1994 $959,900 $930,000 185 12/1/16
Shongum Lake Closed Real Estate Transactions December 2016*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
10 DEER RUN DR RANDOLPH TWP COLONIAL 4 2.1 2 YES 1973 $525,000 $485,000 123 12/14/16

Then look no further! This Shongum Lake colonial with 4 beds plus 1st floor office, finished basement, large, flat, fenced in property and all the fun and events that this lovely community has to offer. Join me for an Open House today from 12-3pm. 

 

This home, The McGrath/Lorey house, built in the early 1700’s and with the same family until now, is filled with so much history plus wonderful and interesting stories such as the femme fatale that once lived there during prohibition.

For many in our area it seems as though real estate season starts in the spring and ends just as the kids head back to school in the early fall. While many home and property sales take place in the spring and summer, the reality of the real estate market is that it’s all about timing. Whether you’re a buyer or a seller of a home or property, there are optimal times throughout the year, but for the most part, the real estate market and when it’s ‘hot’ depends on many reasons.

SPRING AND SUMMER

Real estate inventory fluctuates with each season. For many of us that peruse the market throughout the year, the spring and summer months (for the majority of the country) seem to be when the most properties are available. Spring and summer and even early fall are considered the best times for real estate for buyers as the market will see a wide variety of properties, but it also likely means more competition from other buyers. The reality of this, though, is that if you live in a competitive real estate market, no matter the time of year people will search for real estate and sellers will be able to sell their properties.

One of the main things that drives an influx of real estate in the spring and summer are households with children – parents want and like to move when kids are out of school. If you live in an area where there are a number of families, or where schools are relatively close, spring and summer are great seasons for properties.

A handy tip for sellers: if you’re going to have an open house, the first Sunday of every month is considered the best day to host it. Many listings will hit the market on Thursday afternoon or Friday morning and have a rushed open house the Sunday after. To create intrigue and build momentum for your property, talk with your agent or Realtor to have your listing appear on Monday or Tuesday and follow with an open house the following weekend.

FALL AND WINTER

Early fall is also a very popular time to list property. Buyers will find a good number of listings hitting the market by those sellers who were not quite ready to list over the summer. If you’re a buyer, the winter is also a great time of year for buyers as sellers who are motivated and eager to sell will have no issue listing in the winter and making a deal. Listing in the winter allows sellers to get what they want for their property rather than feel pressured to make quick decisions in the spring or summer when competition is hot.

REAL ESTATE IN GENERAL

I have found that there are motivated sellers and buyers throughout the year and that this time of the year, January & February are more favorable because the inventory is so low and the buyers that come out in the winter are SERIOUS buyers. There are times in each season when listings and properties will be more plentiful. But it’s important to remember that while there might be more properties in the summer, that doesn’t mean the market will be any less competitive. Competition is the name of the game in real estate markets; if you’re interested in a new home or property, start your search as soon as possible.

Spring and summer will see more properties and greater competition while the late fall and winter will attract more serious sellers and buyers will find less competition overall. If you’re looking to buy or sell remember to enjoy yourself, and work with your agent or Realtor so you have the best real estate experience you can have.

Visit my website at Randolph-NJ-Homes.com to get the most up to date information on the recent homes sales.

I remember when we purchased our first home back in 1988 and mortgage interest rates were 11%! I worked for a bank at the time and was elated to get a discounted rate of 8% which helped us tremendously to purchase our brand new condominium which at the time was $125,000, a stretch for our budget.

Well luckily it is now 2016 right around the corner from 2017 and though the mortgage rates have slightly creeped up, they are still historically low. When buyers and sellers ask me questions about predicting the future market, I give them my professional opinion of course, but I always say “if I only had a crystal ball”, which I do not, I could predict with certainty the future of the real estate market.

So why do you ask is the real estate market so HOT? Because no one can predict where the mortgage interest rates will go to in the New Year and most people don’t realize how even the smallest increase in the rate can effect a buyers buying power. That my friends is getting buyers off the fence even in the midst of a cold holiday season when most sellers think no one is buying…think again.

Mortgage rates profound effect on affordability. Below is an example of how the price of waiting can affect your buying power;

Rate Payment Max Price Buying Power Difference
3.875%  $1,900  $380,000  $0
4.375%  $1,900  $363,000  -$17,000
4.875%  $1,900  $345,000  -$35,000

So what are you waiting for, with home prices at their lowest in years and definitely on the rise and historically low interest rates, there has never been a better time to buy a piece of the American dream and buy your own home!

For the latest Randolph market update, go onto www.Randolph-NJ-Homes.com to view monthly home sales.

sherwood-under-contract

kensington-uc

sold-mountainside

Under Contract in just 1 week!!32-sandra-sold

Two great homes for sale just in time for the holidays. 3 Sherwood Court, Randolph is a Classically Elegant home that is ready for your most fussiest buyer as this home checks off everything on your list and more! Priced at $1,149,000, all you need to do is wrap a ribbon around it.

3 Rickland Drive in the sought after Shongum Lake Community is perfectly priced for the size of this home. This home is the gift that keeps giving as you will have many happy memories in this great location. Price Improvement at $549,900, you will not find more house for the money!3 Sherwood Featured Home 3RicklandExclusive

The Shongum Lake is a private lake community which offers a resort like community right in your own backyard. Families who live near the lake and whom are members of the lake walk to the lake in the summer for family outings, ice-skate on the lake during the winter, and jog around the picturesque neighborhood in the fall and spring. Friday nights in the summer are Happy Hour where families and friends gather to enjoy the lake, weather, and each other’s company. Parties at the Lake House are always a big hit and parties for Memorial Day, Fourth of July, and Labor Day are huge community events that are truly fun for the whole family

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