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You're Invited...
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Please Join Us for
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| REAL
ESTATE TAX APPEAL SEMINAR |
| Tuesday, November 2, 2010 |
| 7:00-8:30PM |
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REAL ESTATE TAX APPEAL: Is It Right For You? |
| One of the hottest topics in our office involves local
property tax appeals. Clients come to us every day asking questions like these: |
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- "What is the process for re-assessing my property taxes?"
- "Should I try to appeal the outdated assessment on my home to
lower my tax bill?"
- "Do I even qualify for a re-assessment?"
To address the subject, Claremont Realty Group is sponsoring
a seminar with local attorneys on Tuesday, November 2 from 7-8:30PM at our offices
located at 535 Springfield Avenue in Summit, to discuss your options as a homeowner and a
taxpayer. Homeowners in New Jersey pay some of the highest property taxes in the country,
which makes this such a compelling issue. Our panel of experts will discuss the pros and
cons of re-assessing your home, and how to go about the process with optimal results.
We feel that the trend of lower sales prices in our market
area improves homeowner?s chances of appealing the assessed value of their home. For a
solid year now, sales prices of comparable homes (or "comps") in many neighborhoods have
been falling. With this information in hand, you may have a real case for lowering your
tax bill. We are hearing many success stories about local residents whose properties have
been given a lower assessment by their municipality.
If you are thinking of putting your home on the market
this Spring, we advise you to begin the tax appeal process now. It is the perfect storm
for attracting buyers: a lower assessment combined with low interest rates could make
your home more affordable and more noticeable than ever to a future buyer.
Keep in mind that we are experiencing a slight up tick in
home prices, so this window of opportunity won?t be around forever. Whether you are
selling soon, or even if you have no plans to sell, now is an excellent time to have your
property re-assessed. The information we will share at this seminar could potentially
save you thousands of tax dollars, and make your home more attractive to buyers.
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With limited seating, a reservation is
requested. Please call (908)343-2122 to RSVP today!
Area home sales as reported by the GSMLS for the Third quarter
of 2010 are reported on the following pages.
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| Toni
George |
| Claremont Realty
Group |
| Broker Sales
Representative |
| (908) 230-8468(cell) |
| (908)343-2122 ext.
2123(office) |
| tgeorge@claremontnj.com |
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| Third Quarter 2010 Homes Sold Closed In Summit, NJ |
| JULY |
| 16 Passaic Avenue |
| 103 Park Avenue Unit C3 |
| 29 Milton Avenue |
| 1 Euclid Avenue Apt 3D |
| 11 Euclid Avenue Apt 5B |
| 67-73 New England Ave 71F |
| 262 Woodland Avenue |
| 60 Linden Place |
| 1 Euclid Avenue Apt 3C |
| 182 Ashland Road |
| 9 Madison Avenue |
| 109 Mountain Avenue |
| 2 Meadowbrook Court |
| 2 Nassau Drive |
| 16 Myrtle Avenue |
| 154 Maple Street |
| 14 Crestwood Lane |
| 126 Beechwood Road |
| 26 Joanna Way |
| 86 Druid Hill Road |
| 65 Templar Way |
| 7 Winchester Road |
| 15 Hawthorne Place |
| 28 Bellevue Avenue |
| 252 Summit Avenue |
| 1 Edgewood Drive |
| 11 Canterbury Lane |
| 47 Colt Road |
| 74 Whittredge Road |
| 17 Lenox Road |
| AUGUST |
| 768 Springfield Avenue |
| 17 Huntley Road |
| 99 Morris Avenue |
| 15 Clark Street |
| 91F Springfield Avenue |
| 39 Morris Avenue |
| 7 Mount Vernon Avenue |
| 232 Blackburn Road |
| 9 Irving Place |
| 38 Twombly Road |
| 13 Wallace Road |
| 55 Dale Drive |
| 188 Mountain Avenue |
| 11 Oaklawn Road |
| 53 Parkview Terrace |
| 157 Bellevue Avenue |
|
| Listed Price |
| $ 375,000.00 |
| $ 375,000.00 |
| $ 499,999.00 |
| $ 519,000.00 |
| $ 599,000.00 |
| $ 575,000.00 |
| $ 575,000.00 |
| $ 599,900.00 |
| $ 699,000.00 |
| $ 699,000.00 |
| $ 749,000.00 |
| $ 749,000.00 |
| $ 795,000.00 |
| $ 799,000.00 |
| $ 850,000.00 |
| $ 879,000.00 |
| $ 949,000.00 |
| $ 979,000.00 |
| $ 988,000.00 |
| $1,145,000.00 |
| $1,345,000.00 |
| $1,375,000.00 |
| $1,385,000.00 |
| $1,695,000.00 |
| $1,699,000.00 |
| $1,795,000.00 |
| $2,145,000.00 |
| $2,650,000.00 |
| $2,850,000.00 |
| $2,975,000.00 |
| |
| $ 347,000.00 |
| $ 375,000.00 |
| $ 469,900.00 |
| $ 479,900.00 |
| $ 499,000.00 |
| $ 532,000.00 |
| $ 589,000.00 |
| $ 669,000.00 |
| $ 695,000.00 |
| $ 710,000.00 |
| $ 799,000.00 |
| $ 799,000.00 |
| $ 810,000.00 |
| $ 829,000.00 |
| $ 849,000.00 |
| $ 850,000.00 |
|
| Sold Price |
| $ 360,000.00 |
| $ 365,000.00 |
| $ 475,000.00 |
| $ 490,000.00 |
| $ 490,000.00 |
| $ 557,500.00 |
| $ 575,000.00 |
| $ 515,000.00 |
| $ 685,000.00 |
| $ 698,100.00 |
| $ 749,000.00 |
| $ 720,000.00 |
| $ 790,000.00 |
| $ 780,000.00 |
| $ 825,000.00 |
| $ 989,000.00 |
| $ 930,000.00 |
| $ 939,500.00 |
| $ 980,000.00 |
| $1,100,000.00 |
| $1,275,000.00 |
| $1,375,000.00 |
| $1,310,000.00 |
| $1,695,000.00 |
| $1,700,000.00 |
| $1,625,000.00 |
| $2,000,000.00 |
| $2,485,000.00 |
| $2,800,000.00 |
| $3,300,000.00 |
| |
| $ 327,000.00 |
| $ 360,000.00 |
| $ 495,000.00 |
| $ 470,000.00 |
| $ 460,000.00 |
| $ 529,900.00 |
| $ 600,000.00 |
| $ 640,000.00 |
| $ 653,000.00 |
| $ 665,000.00 |
| $ 770,000.00 |
| $ 785,000.00 |
| $ 800,000.00 |
| $ 823,000.00 |
| $ 885,000.00 |
| $ 750,000.00 |
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| AUGUST
CONTINUED |
| 145 Ashland Road |
| 13 Oak Knoll Road |
| 41 Sweetbriar Drive |
| 118 Baltusrol Road |
| 2 Oakland Place |
| 57 Hobart Avenue |
| 11 DeBary Place |
| 8 Woodcroft Road |
| 18 Warwick Road |
| 49 Oak Ridge Avenue |
| 7 Manor Hill Road |
| 111 Colt Road |
| 61 Oak Ridge Avenue |
| 41 Blackburn Place |
| 76 Prospect Hill Avenue |
| 31 Lenox Road |
| 22 Hobart Road |
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| SEPTEMBER |
| 43 Clark Street |
| 800 Old Springfield Avenue |
| 73 River Road |
| 40 Parkview Terrace |
| 49 Montrose Avenue |
| 10 Valemont Way |
| 7 Huntley Road |
| 256 Woodland Avenue |
| 32 Locust Drive |
| 13 Eggers Court |
| 17 Ashland Road |
| 13 Colony Court |
| 14 Rowan Road |
| 129 Tulip Street |
| 46 Valley View Avenue |
| 15 Highland Drive |
| 199 Summit Avenue |
| 156 Beechwood Road |
| 101 Hillcrest Avenue |
| 50 Fernwood Road |
| 106 Prospect Street |
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| Listed Price |
| $ 865,000.00 |
| $ 955,000.00 |
| $ 969,000.00 |
| $ 979,000.00 |
| $1,099,000.00 |
| $1,099,000.00 |
| $1,100,000.00 |
| $1,175,000.00 |
| $1,195,000.00 |
| $1,200,000.00 |
| $1,224,000.00 |
| $1,225,000.00 |
| $1,550,000.00 |
| $1,650,000.00 |
| $1,795,000.00 |
| $2,995,000.00 |
| $3,200,000.00 |
| |
| $ 219,900.00 |
| $ 269,900.00 |
| $ 339,000.00 |
| $ 430,000.00 |
| $ 469,000.00 |
| $ 519,900.00 |
| $ 560,000.00 |
| $ 599,000.00 |
| $ 739,000.00 |
| $ 749,000.00 |
| $ 769,000.00 |
| $ 789,000.00 |
| $ 799,000.00 |
| $ 895,000.00 |
| $1,250,000.00 |
| $1,399,000.00 |
| $1,695,000.00 |
| $1,900,000.00 |
| $2,200,000.00 |
| $3,200,000.00 |
| $3,595,000.00 |
|
| Sold Price |
| $ 850,000.00 |
| $ 950,000.00 |
| $ 937,500.00 |
| $ 940,000.00 |
| $1,018,000.00 |
| $1,037,000.00 |
| $1,149,000.00 |
| $1,150,000.00 |
| $1,130,000.00 |
| $1,271,400.00 |
| $1,310,000.00 |
| $1,175,000.00 |
| $1,450,000.00 |
| $1,765,000.00 |
| $1,795,000.00 |
| $2,850,000.00 |
| $3,200,000.00 |
| |
| $ 229,000.00 |
| $ 255,000.00 |
| $ 315,000.00 |
| $ 430,000.00 |
| $ 525,000.00 |
| $ 500,000.00 |
| $ 545,000.00 |
| $ 599,000.00 |
| $ 715,000.00 |
| $ 730,000.00 |
| $ 780,000.00 |
| $ 815,000.00 |
| $ 725,000.00 |
| $ 960,000.00 |
| $1,200,000.00 |
| $1,399,000.00 |
| $1,600,000.00 |
| $1,900,000.00 |
| $2,150,000.00 |
| $3,140,520.00 |
| $3,500,000.00 |
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| Sold prices are not published until after a closing has occurred.
Homes sold, under contract and terms agreed numbers as published by the Garden State
Multiple Listing Service (GSMLS). |
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Summit Homes Under Contract
as of 9/30/2010
Sold |
| UNDER CONTRACT |
| 133 Summit Avenue Unit 20 |
| 122 Orchard Street |
| 6 Plain Street |
| 133 Summit Avenue |
| 7 Plain Street |
| 768 Springfield Avenue |
| 22 Iris Road |
| 274 Woodland Avenue |
| 82 Ashwood Avenue |
| 15 Valemont Way |
| 54 New England Avenue 2-2 |
| 15 Hartley Road |
| 88 Tulip Street |
| 16 Fairview Avenue |
| 92 Fernwood Road |
| 14 Hillcrest Avenue |
| 10 Garden Road |
| 87 Mountain Avenue |
| 165 Kent Place Blvd |
| 30 Blackburn Road |
| 96 West End Avenue |
| 1 Clearview Drive |
| 140 Ashland Road |
| 34 Bedford Road |
| 26 Dale Drive |
| 10 Madison Avenue |
| 2 Colony Drive |
| 2 Oak Knoll Road |
| 2 Silver Lake Drive |
| 15 Warwick Road |
| 97 Pine Grove Avenue |
| 25 Colt Road |
| 190 Mountain Avenue |
| TERMS AGREED |
| 19 Iris Road |
| 10 Waldron Avenue |
|
| Listed Price |
| $ 279,000.00 |
| $ 280,000.00 |
| $ 285,000.00 |
| $ 325,000.00 |
| $ 330,000.00 |
| $ 339,900.00 |
| $ 345,000.00 |
| $ 375,000.00 |
| $ 449,000.00 |
| $ 465,000.00 |
| $ 465,000.00 |
| $ 589,000.00 |
| $ 665,000.00 |
| $ 699,000.00 |
| $ 750,000.00 |
| $ 750,000.00 |
| $ 757,000.00 |
| $ 799,000.00 |
| $ 825,000.00 |
| $ 849,000.00 |
| $ 849,000.00 |
| $ 875,000.00 |
| $ 895,500.00 |
| $ 969,000.00 |
| $ 975,000.00 |
| $ 995,000.00 |
| $1,175,000.00 |
| $1,195,000.00 |
| $1,265,000.00 |
| $1,329,000.00 |
| $1,350,000.00 |
| $1,499,000.00 |
| $1,595,000.00 |
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| $ 589,000.00 |
| $ 600,000.00 |
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| Sold Price |
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| Visit us at www.claremontnj.com |
| Sold prices are not published until after a closing has occurred. Homes
sold, under contract and terms agreed numbers as published by the Garden State Multiple
Listing Service (GSMLS). |
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| All information reported in this newsletter is deemed reliable, but not
guaran-teed. If your property is currently listed with a real estate broker, please
disre-gard.. It is not our intention to solicit the offerings of other real estate
brokers. We are happy to work with them and cooperate fully. |
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| CLAREMONT
REALTY GROUP SUPPORTS THE EFFORTS OF LOCAL NON-PROFITS |
Recently CRG joined forces with Bridges in offering our office as a drop off point for
clothing donations from clients and the community. When clearing out your closets to put
your house on the market or move, remember to bring your unwanted clothing donations to
us during office hours at the Claremont Corporate Center. Please bag and label your
donations for BRIDGES.
On October 1, Claremont Realty Group hosted the Summit Educational Foundation?s (SEF)
Endowment Fund Launch Party. Over 100 Summit residents and supporters of SEF attended the
event which was held in our offices and the breathtaking atrium lobby of the Claremont
Corporate Center. Area restaurants and businesses joined us in contrib-uting food and
beverage service. The Summit High School Music Department provided music for the evening
and SHS Art Department updated our rotating works of art in the CRG office gallery. It
was a tremendously successful event for SEF and we were pleased to be a part of it.
Claremont Realty Group just completed an area food drive for the Community Food Bank of
New Jersey in cooperation with the Young Professionals Network and NCJAR. We were pleased
to deliver several loads of non-perishable goods to NCJAR for the Community Food Bank. |
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