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 2016*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
3 LEONARD LANE RANDOLPH COLONIAL 5 3 2 YES 1967 $585,000 $570,000 12 4/28/16
3 SCHINDLER DRIVE RANDOLPH COLONIAL 5 3.1 2 YES 1988 $625,000 $595,000 150 4/28/16
1 HERITAGE DRIVE RANDOLPH COLONIAL 4 3.1 2 YES 1993 $850,000 $815,000 30 4/28/16
54 QUAIL RUN RANDOLPH COLONIAL 4 2.1 2 YES 2002 $699,900 $690,000 77 4/27/16
8 JULIANNE WAY RANDOLPH COLONIAL 5 5.1 3 YES 2002 $1,249,000 $1,190,000 60 4/26/16
605 WENDOVER COURT RANDOLPH TOWNHOME 2 2.1 1 YES 2001 $270,000 $270,000 107 4/25/16
19 WINCHESTER TERR RANDOLPH COLONIAL 4 3.2 2 YES 1994 $699,000 $687,500 15 4/25/16
10 EVERGREEN LANE RANDOLPH RANCH 5 3 2 YES 1969 $464,900 $468,000 16 4/20/16
9 TROWWBRIDGE DRIVE RANDOLPH COLONIAL 3 2.1 2 YES 1979 $480,000 $350,700 139 4/18/16
16 MISTY MTN RD RANDOLPH RANCH 5 3 2 YES 1964 $499,900 $516,000 16 4/18/16
222 RESERVOIR ROAD RANDOLPH COLONIAL 5 3.1 2 YES 2,004 $525,000 $525000 319 4/18/16
10 SWEETWOOD DRIVE RANDOLPH COLONIAL 4 3.1 3 YES 1990 $625,000 $605,000 73 4/18/16
55 MEADOWBROOK RD RANDOLPH COLONIAL 4 2.1 2 YES 1972 $729,900 $710,000 20 4/18/16
10 LONGVIEW AVENUE RANDOLPH CAPE COD 3 1 0 YES 1947 $215,000 $230,000 14 4/15/16
9 CROMWELL DRIVE RANDOLPH BILEVEL 4 2.1 2 NO 1976 $325,000 $325,000 6 4/15/16
41 SANDRA LANE RANDOLPH BILEVEL 6 3.1 3 NO 1966 $349,000 $335,000 26 4/15/16
15 SUNSET DRIVE RANDOLPH COLONIAL 4 2.1 2 YES 1987 $529,900 $530,000 9 4/15/16
72 ARROWGATE DRIVE RANDOLPH TOWNHOME 3 2.1 2 YES 2000 $389,900 $370,000 11 4/14/16
34 BARBARA DRIVE RANDOLPH COLONIAL 5 3.1 3 YES 1996 799,900` $785,000 19 4/14/16
57 RADTKE ROAD RANDOLPH RANCH 3 3 2 YES 1963 $469,900 $460,000 126 4/13/16
10 MT FREEDOM ROAD RANDOLPH COLONIAL 5 3 2 YES 1999 $639,900 $640,000 7 4/8/16
216 RESERVOIR AVE RANDOLPH RANCH 3 3 2 YES 1998 $399,900 $406,000 13 4/7/16
912 WENDOVER CT RANDOLPH TOWNHOME 2 2.1 1 YES 2001 $319,900 $310,000 17 4/4/16
7 CARELLEN PLACE RANDOLPH BILEVEL 4 3 1 NO 1961 $439,000 $437,000 92 4/4/16
6 CENTER ROAD RANDOLPH CAPE COD 4 2 2 YES 1961 $399,800 $399,800 7 4/1/16
Shongum Lake Closed Real Estate Transactions April 2016*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
55 MEADOWBROOK RD SHONGUM COLONIAL 4 2.1 2 YES 1972 $729,900 $710,000 20 4/18/16
57 RADTKE ROAD SHONGUM RANCH 3 3 2 YES 1963 $469,000 $460,000 126 4/13/16

Two great new listings to see before they are gone…

14 Indian Trail Road, Shongum Lake, Randolph

Lakefront Home

$750,000

C63A6318_HDR C63A6366_HDR

 

 

 

 

 

 

 

 

 

52 Misty Mountain Road, Shongum Section, Randolph

Move in Ready!

$569,900

C63A6138_HDRC63A6018_HDRC63A6105_HDR

Then you will fall in love with this home! Shongum Lake home with all the HGTV finishing touches. Updated kitchen with granite and S.S. appliances. Elegant Master Bedroom with tray ceilings and master bath with claw foot tub, separate showers & dual closets. Hardwood floors. 5TH bedroom on 1ST floor is being used as an office/mudroom. 4 additional bedrooms upstairs one with attached full bath. Unbelievable fenced in yard with paver patio, fire pit and nicely landscaped . Newer roof, gutters, drainage, fence, garage doors, security system. THIS IS A MUST SEE! This community has so much to offer, Shongum Lake year round events, boat, swim , fish. Great commuter locale.

3 Spring Hill Court, Shongum Lake, Randolph – $649,900

C63A6378_HDR C63A6453_HDRC63A6432_HDRC63A6384_HDR C63A6501_HDR

Putting a price tag on a home you’re trying to sell is a tricky thing. For one, it’s your home, crammed full of memories, hopes, and dreams—and all that stuff can cloud your thinking and lead you toward the wrong price. There are consequences: Shoot too high, and your home could languish on the market for months and maybe not sell at all. Price it too low and you could bilk yourself out of a whole lot of dough.

That’s why we’re here to guide you through this tough but critical decision.  Read on to pinpoint a price that’s just right.

Repeat after me: What you paid doesn’t matter

You may have a dollar figure in mind—perhaps based on what you paid originally, add the money you put in for repairs and updates, plus a little extra. Because homes appreciate, right? Maybe yes, maybe no. While a hefty increase in value is nice in theory—and in general, it’s expected to be a seller’s market this year—“ultimately, it’s up to the market.” The market dictates the price, not the seller or the realtor but the combined influences of the market.

Think of it this way: Would you buy a banana for $1 if those same bananas were on sale down the block for 69 cents? Of course not! And, of course, a home ain’t no banana.

No matter what you paid for your home, market values fluctuate—both up and down. This can work for you or against you. But all that matters on the open market is what buyers are willing to pay now.

Use all your tools: Comps, AVMs, and your Realtor®

The best way to get a handle on your home’s sales price are the prices of similarly sized homes in your neighborhood—otherwise known as “comparables,” or “comps.” For example, if a house near yours with the same square footage and numbers of bedrooms and bathrooms, and in similar condition, sold for $230,000 within the past three months, you can bet your own price will be in that ballpark.

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For a quick snapshot, several websites (including this one) offer automated valuation models, or AVMs, where you type in your address and then get a price based on an algorithm that factors in comps in your area. But AVMs are just a starting point.

No one has actually put eyes on your house, so an AVM can’t really give you an accurate price. That’s why you need your Realtor to visit your home, so she can factor in your home’s unique strengths and weaknesses along with comps to come to a better estimate.

When your Realtor tells you a price, check it. Ask her how she came up with the amount, and look into the comps in your area yourself. Once you’re able to pore over the info, you’ll be able to see a price range for yourself, so you won’t feel like you’re just having to blindly trust your Realtor.

Factor in upgrades with a grain (or two) of salt

Yep, you poured $25,000 into your brand-new chef’s kitchen, or $35,000 to install an in-ground swimming pool. Sweet! So it stands to reason that you’d make that money back when you sell, right? Well, not quite. Surveys by the National Association of Realtors® show that your return on investment for home improvements depends on what kind of renovation you’ve pulled off—and how much prospective buyers want it in your area. Refinishing hardwood floors, for instance, will reap a 100% return, paying for itself. Convert a basement to a living area, and you’ll recoup only 69% of those costs. The harsh truth: Not everyone is going to fall head over heels with your five-seat built-in hot tub.So do your research and find out what those upgrades will really get you.

Leave some wiggle room

Most buyers love to negotiate when you’re trying to sell your house. So it helps to let them win one. Instead of starting out with the absolute lowest price you can afford to go, add a bit of a cushion. How much? Crouch says you should round off your asking price in $5,000 increments. “It’s just how people think”. So if you know you want $347,000 for your house, you can play it safe and round up to $350,000. Keep in mind that we have been are currently in a sellers market in Randolph and in the past week, while putting in 3 separate contracts on homes in town, I have encountered 3 multiple offer situations! Price and condition are the reason why these homes are so desirable.

Price with Internet browsing in mind

Once you find yourself a ballpark price you’re happy with, it’s time to fine-tune it. Keep shoppers’ online search parameters firmly in mind—small differences in your price can spell a big difference in your exposure.

Home buyers typically fill out a Web form that has a minimum price and maximum price. If you’re a dollar outside of that range it is going to be like your house didn’t exist—they’ll never see it. In other words: Price your home at $300,000, and you could miss out on a whole lot of people who are searching in the $250,000–$299,999 price range. So if you’re on the cusp, consider rounding down to capture more eyeballs. Remember what we said about padding? It cuts both ways.

 Randolph, NJ

Is it really March 2016 already?  For those of you who happen to be planning on buying a home in the new year—or even just trying to—there’s a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make a (winning) offer. Here are six home-buying reasons to be thankful this year:

Reason No. 1: Interest rates are still at record lows

Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.

“Remember 18.5% in the ’80s?” It is likely that we’ll never see interest rates this low again. So while prices are high in some markets, the savings in interest payments could easily amount to hundreds of thousands of dollars over the life of the mortgage.

Reason No. 2: Rents have skyrocketed

Another reason home buyers are lucky is that rents are going up, up, up! (This, on the other hand, is a reason not to be thankful if you’re a renter.) In fact, rents outpaced home values in 20 of the 35 biggest housing markets in 2015. What’s more, according to the2015 Rent.com Rental Market Report, 88% of property managers raised their rent in the past 12 months, and an 8% hike is predicted for 2016.

In most metropolitan cities, monthly rent is comparable to that of a monthly mortgage payment, sometimes more,  Doesn’t it make more sense to put those monthly chunks of money into your own appreciating asset rather than handing it over to your landlord and saying goodbye to it forever?

Reason No. 3: Home prices are stabilizing

For the first time in years, prices that have been climbing steadily upward are stabilizing, restoring a level playing field that helps buyers drive a harder bargain with sellers, even in heated markets.

Local markets vary, but generally we are experiencing a cooling period and currently in our Randolph market we are in a sellers market, with many homes seeing multiple offers!

Reason No. 4: Down payments don’t need to break the bank

Probably the biggest obstacle that prevents renters from becoming homeowners is pulling together a down payment. But today, that chunk of change can be smaller, thanks to a variety of programs to help home buyers. For instance, the new Fannie Mae and Freddie Mac Home Possible Advantage Program allows for a 3% down payment for credit scores as low as 620.

Reason No. 5: Mortgage insurance is a deal, too

If you do decide to put less than 20% down on a home, you are then required to have mortgage insurance (basically in case you default). A workaround to handle this, however, is to take out a loan from the Federal Housing Administration—a government mortgage insurer that backs loans with down payments as low as 3.5% and credit scores as low as 580. The fees are way down from 1.35% to 0.85% of the mortgage balance, meaning your monthly mortgage total will be significantly lower if you fund it this way. In fact, the FHA predicts this 37% annual premium cut will bring 250,000 first-time buyers into the market. Why not be one of them?

Reason No. 6: You’ll reap major tax breaks

Tax laws continue to favor homeowners, so you’re not just buying a place to live—you’re getting a tax break! The biggest one is that unless your home loan is more than $1 million, you can deduct all the monthly interest you are paying on that loan. Homeowners may also deduct certain home-related expenses and home property taxes.

So what are you waiting for, take advantage of these great reasons to own a piece of the American Dream!

Come by my open house today at 454 E mc Farlan Street on the Rockaway border of Dover. Do not miss out on this updated victorian with yesteryear charm!Rocking chair porch, bay windows in Living Room, Dining Room, Master & 2nd Bedrooms. Original finished HDWD floors and moldings add to the charm and character of this home.Converted to gas w/High efficiency steam boiler 2007, all new appliances, newer windows and roof. Home totally gutted and redone in 1997. Walk up attic, large stone patio, landscaping , paver walkways and fenced in yard complete this charming home. Prime location to all major highways, train station to NYC in town!

C63A9531C63A9456 C63A9495

Sunday, March 13th  from 1-4pm

SPACIOUS TWO BED CONDO W/ ALL THE DESIRED FEATURES THIS COMPLEX HAS TO OFFER, UPDATED KITCHEN W/GRANITE , W/D. NEWER HDWD LIKE FLOORING.  PARKING SPACE, OUTDOOR POOL.  LOCATED AT THE END OF DEVEL IN QUIET AREA. THIS PET FRIENDLY COMPLEX IS CONVENIENT TO NYC BUS SERVICE, TRAINS & HIGHWAYS. GREAT OPPORTUNITY TO OWN YOUR OWN PLACE!20150823_153818

$224,000

 92 D Troy Drive, Springfield, NJ 

Troy Village

Daylight Saving Time begins Sunday, March 13th. Set your clocks ahead one hour the night before and you’ll be right on time Sunday morning. This is also a great opportunity to take the time to replace your smoke alarm batteries and test your home fire extinguishers. I hope this reminder was helpful to you. Please don’t hesitate to contact me at any time should you need assistance or wish to pass on a referral.

Front ViewBalconyKitchen

Living RoomLiving RoomClubhouseLARGEST WINDSOR E MODEL OVER 1800+ SQ FT. LOVELY, WELL MAINTAINED AND SO MUCH SPACE! EAT IN KITCHEN, DINING ROOM, LARGE LIVING ROOM, DEN + 2 SPACIOUS BEDROOMS & LOTS OF STORAGE. LAUNDRY ROOM, KITCHEN W/SILESTONE CTS. CLUBHOUSE WITH INDOOR/OUTDOOR POOL, LOUNGE AREA, GYM, CARD ROOMS, TENNIS, BOCCI, SHUFFLEBOARD AND MORE. 24 HOUR GATED COMMUNITY IN EXCELLENT LOCATION W/JITNEY BUS TO SHOPPING, MALL, ETC. A MUST SEE! $329,900

 Fox Hills Community, Rockaway, NJ

Stop by these two great open houses today in Randolph;

7 Fieldstone Court, Shongum Lake, $650,000

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54 Sanford Drive, Ironia, $379,900

C63A7598_HDR

Q4_2015_NJ_STATEWIDE_MKTSHR_TOP_BRAND

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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