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 .

Missy Iemmello

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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 April 2017*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
38 GRIST MILL ROAD RANDOLPH TWP BILEVEL 4 2.1 2 NO 1977 $280,000 $265,000 15 4/28/17
8 JAMES ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1993 $497,777 $455,000 11 4/28/17
9 ASHWOOD AVENUE RANDOLPH TWP RANCH 3 1.1 1 YES 1956 $339,900 $345,000 17 4/27/17
3 TAMARI COURT RANDOLPH TWP COLONIAL 5 3.1 2 NO 1898 $449,500 $599,500 253 4/27/17
2 REBECCA COURT RANDOLPH TWP COLONIAL 4 2.1 2 YES 1984 $648,800 $650,000 4 4/27/17
2 OLD COACH ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1983 $539,000 $544,000 114 4/26/17
42 SPRINGHILL ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1974 $578,800 $550,000 15 4/26/17
30 ASH LANE RANDOLPH TWP BILEVEL 4 2.1 2 NO 1976 $350,000 $335,000 132 4/25/17
38 CALAIS ROAD RANDOLPH TWP BILEVEL 4 2.1 2 NO 1976 $359,900 $365,000 72 4/25/17
450 MILLBROOK AVE RANDOLPH TWP RANCH 3 3 2 YES 1985 $449,900 $447,500 4 4/25/17
14 LENAPE WAY RANDOLPH TWP SPLIT LEVEL 3 1.1 1 YES 1958 $369,000 $375,000 10 4/21/17
17 TRADE WINDS DRIVE RANDOLPH TWP COLONIAL 4 2.1 2 YES 1992 $499,900 $485,000 47 4/21/17
13 SOUTHVIEW ROAD RANDOLPH TWP RANCH 4 3.1 2 YES 1965 $589,900 $585,000 20 4/21/17
53 BARBARA DRIVE RANDOLPH TWP COLONIAL 5 4 3 YES 2000 $649,000 $582,500 15 4/19/17
29 IRONIA ROAD RANDOLPH TWP COLONIAL 4 3.1 2 YES 1989 $569,999 $569,000 12 4/17/17
14 KIRKBRIDGE DRIVE RANDOLPH TWP COLONIAL 4 3.1 2 YES 1991 $575,000 $556,000 322 4/17/17
3 RICHTER STREET RANDOLPH TWP SPLIT LEVEL 4 2 2 YES 1953 $399,000 $395,000 62 4/13/17
42 ALBERT COURT RANDOLPH TWP TOWNHOME 2 2.1 1 YES 2016 $435,000 $450,598 203 4/13/17
40 ALBERT COURT RANDOLPH TWP TOWNHOME 2 2.1 1 YES 2017 $446,930 $445,955 30 4/12/17
146 ARROWGATE DRIVE RANDOLPH TWP TOWNHOME 2 2.1 2 YES 2000 $354,999 $360,000 250 4/7/17
3 FARMSTEAD COURT E. RANDOLPH TWP CUSTOM 4 4.1 2 YES 2014 $769,000 $750,000 11 4/7/17
162 E HANOVER ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1976 $352,500 $348,644 56 4/4/17
Shongum Lake Closed Real Estate Transactions April 2017*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
8 BEAVER DAM ROAD RANDOLPH BILEVEL 5 3 2 YES 1961 $371,250 $380,000 8 4/4/17
60 SHONGUM ROAD RANDOLPH RANCH 4 2.1 2 YES 1960 $489,000 $489,000 8 4/28/17


This Shongum Lake sought after Braddock Model with 5 bedrooms, updated kitchen with granite and stainless steel appliances. Family room with wood burning fireplace open to living room which makes for a great open floor plan has sliders leading to large spacious deck great for entertaining with a in ground pool in this fully fenced in yard located on the waterway that leads into Shongum Lake, perfect for fishing or grab your canoe and boat to the open lake. Updated baths with main bath just redone in Fall 2016. Newer windows, this home is meticulously kept. Finished basement adds additional living space. Call today for more details, this home will not last!

Thank you to all my past and present clients for making 2016 an amazing year! Circle of Excellence Gold is a great achievement and I could not have attained it without your trust and loyalty!

The process of buying and selling a house has evolved over the years but one thing has remained the same, taxes. When buying, selling, or even renovating a home, there are tax benefits and penalties that all homeowners must be aware of. The last thing a homeowner needs is to receive a penalty letter for not paying taxes on something they should have. Worse than that, you could end up paying too much in taxes by failing to take advantage of the exclusions and deductions made available by the IRS.

Home Ownership

When purchasing a home there are three important deductions to be aware of: points, mortgage interest, and property tax deductions. There are other tax benefits for homeowners, but they vary based on the state in which you own your home.

Mortgage points are a fee charged by the lender that is usually 1-2 percent of the total loan amount. Most buyers are not aware that these “points” can be used as deductions on your tax return. The handling of the mortgage points depends on who pays the fee and if it meets certain criteria set forth by the IRS. The criteria that the IRS specifies are this: It must stay within regional averages and not exceed certain yearly set limits. If the mortgage points meet these requirements and are paid by the buyer, they can use this payment as a deduction similar to paying interest on your mortgage. If the seller pays the fee, they can use the points to increase their basis in the home. An owner’s basis in a home is the amount they originally paid for the home plus any additional renovations and fees (ex. Points). There are some instances where the basis can be decreased as well. Once the basis in the home is determined, that is the number that the IRS will use to determine the gain/loss the owner receives from selling their home. If the points paid do not meet the criteria set forth by the IRS, they are not eligible to be deducted the year they are paid. They can, however, be deducted in even amounts over the life of the loan. So if you have a 30-year mortgage, you can take the points paid and divide it out over the 30 years.

Interest expense is any amount of interest you are charged on your mortgage during the year. Your primary home interest expense can be used as a deduction on your yearly taxes. For secondary homes, you can deduct your interest expense only if you live in the home for 14 days, or at least long enough to equal 10% of the time it is rented during the year. This allows you to deduct the interest from both your primary residence and your secondary home. As a homeowner, you will receive a Form 1098 from your mortgage company that will breakdown the amount of mortgage interest you paid during the year.

Property taxes paid to your local township are also deductible on your federal tax return. As a homeowner, if your property taxes are paid through your mortgage, you will receive a statement with the breakdown of property taxes paid during the year. If you do not have a mortgage, or property taxes are not included in your mortgage, then you can simply keep track of your payments and include what you paid during that calendar year. (Topic 504-505, IRS)

Renovations on a Home

Typically, home renovations are not eligible for tax deduction but there are a few exceptions. Improvements that fall under the energy efficiency guidelines set forth by the IRS like energy efficient air conditioners and hot water heaters are eligible for tax deduction. If you replace your air conditioner or hot water heater and it is energy efficient, then you can receive a deduction either in the year of purchase/installation or over the expected life of the unit.

If you make improvements to your home like a kitchen or bathroom remodeling, then this is not deductible on your taxes. However, there are benefits to keeping track of the cost of these renovations. The amount you spend on the remodeling of a room or adding a deck/patio to your home can be added to your basis in the home. This means that when you sell the home your realized gain will actually be lower, making it more likely to fall under the exclusion amount. A realized gain is the amount that the IRS qualifies as your gain on the sale of your home. This is calculated using the owner’s basis in the home as mentioned above. The realized gain is what the government uses to determine if you qualify for the Capital Gain Exclusion that will be explained more in the next section. Even if you are over the exclusion amount, your taxable gain (the amount of gain from your sale that the IRS can tax) will be lower due to the renovations or improvements you made being added to the cost you paid for the home.

Selling a Home

Though very exciting, selling a home can be stressful, as the transaction will certainly affect your tax position for the year. When selling a home, we are always focused on making as much on the house as possible but remember if you’re making money, Uncle Sam wants his share.

There are two things that all sellers must remember for tax purposes. 1.) Sellers should maintain records to establish their basis in the home (as explained in the home Renovations Section) and 2.) The realized gain as a result of the sale. For someone selling their primary residence (resided in the home two of the previous five years) you are allowed to use the Capital Gain Exclusion, as long as your gain does not exceed $250,000 if you are single, or $500,000 if you are married filing jointly. Capital Gain Exclusion allows you to exclude the gain up to those limits from your income on your federal tax return. Maintaining proper documentation for home improvements is important because it could result in you keeping your realized gain below the threshold and, therefore, not having to report any income from the sale in your total income for the year.

There are a couple of reasons that the IRS would allow you to take advantage of this exclusion if you haven’t lived in the house two of the previous five years. Those reasons include the following: death, divorce, job loss, employment changes that force the owner to move, multiple births from the same pregnancy, and partial exclusion if the sale is caused by damage done by a major storm. This exclusion can also be used for second homes. You will not be allowed to use the full amount, but if you can prove that you’ve lived in the home for a certain period of time, you will be allowed to take a partial exclusion based on the time lived in the home. (Topic 701 Selling your Home, IRS)


So whenever it comes to buying, selling, or renovating a home, you must be aware of the tax opportunities available through the IRS. Maintaining proper documentation allows you or your tax preparer to make the most of the available deductions. Just like no one wants to over pay for their home, no one wants to give more to the government than legally required. Best of luck!

Sources-RE/MAX NJ

Are you looking for a home filled with charm that is HGTV ready and located in the sought after town of Randolph, well look no further. This home checks off all the must haves on your list and then some with a brand new roof! Priced at $415,000, you will not find another home like this. Call me for more details today.

Come by today and check out this new home on the market located on a cul de sac with many updates and above ground heated pool, perfectly priced at $329,000.

12 Lakeshore Drive, Mine Hill

12 Lakeshore Drive, Mine Hill


Updated Split Level Home on Cul-De Sac in Great Neighborhood is not to be missed.Inviting Foyer Leads to Formal LRM w/Hwd Flrs & Recessed Lighting. Half Bath Conveniently on 1st Level.See Full Report. Powder Room is Updated with Brand New Floor.1st Level has Updated Kitchen w/Granite Counters, Wood Cabinets, SS Appliances, Breakfast Bar for Easy Dining,Tile Floor Leads to Formal Dining Room w/ Hardwood Floors. Lower Level Family Room has Hardwood Floors & Sliders to Terrific Flat Yard & Heated Pool. All 3 Bedrooms on 2nd Level have Hardwood Floors & Updated Neutral Bath.Partial Finished Basement w/Rec Room for Additional Living Space and Laundry Room. New Hot Water Heater, Newer Septic System,New Furnace. Brand New Garage Door. Close to Major Highways,Shops,Malls Restaurants, Minutes from Train and Beach.

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.

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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