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.

Shongum Lake Closed Real Estate Transactions February 2015*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
40 RADTKE ROAD RANDOLPH TWP RANCH 3 3 2 YES 1960 $399,000 $387,500 168 2/13/15
Randolph Twp Closed Real Estate Transactions February 2015*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
65 CENTER GROVE RD RANDOLPH TWP COLONIAL 3 1 0 YES 1930 $299,000 $270,000 85 2/27/15
17 WINCHESTER RD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1991 $639,900 $620,000 88 2/21/15
20 CROMWELL DRIVE RANDOLPH TWP COLONIAL 4 2.1 2 YES 1986 $639,900 $630,000 15 2/20/15
9 BETH COURT RANDOLPH TWP COLONIAL 5 4 3 YES 1997 $709,000 $695,000 152 2/20/15
40 RADTKE ROAD RANDOLPH TWP RANCH 3 3 2 YES 1960 $399,000 $387,500 168 2/13/15
60 CALAIS ROAD RANDOLPH TWP BILEVEL 4 2.1 2 NO 1977 $389,000 $330,000 144 2/6/15
43 CALAIS ROAD RANDOLPH TWP COLONIAL 4 2 2 YES 1900 $329,000 $300,000 3 2/4/15

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STUNNING CUSTOM 5 BED, 2.5 BATH HOME IN LAUDERDALE ESTATES FEATURING MONTICELLO MODEL W/4050 SQ FT OF LIVING SPACE ON ALMOST 2 ACRES. ORIGINAL OWNER. GRACIOUS HOME OFFERS OPEN FOYER W/2ND LEVEL. TWO COAT CLOSETS. LARGE EIK W/CENTER ISLAND FOR EASY DINING & 42″ WOOD CABINETS,SEPARATE DINING AREA W/SLIDERS TO LARGER PRIVATE TREX DECK & YARD IS OPEN TO COZY FR W/WOOD BURNING FP, RECESSED LIGHT & CROWN MOLDING. FORMAL DR W/HARDWOOD FLRS, PERFECT FOR ENTERTAIN. LAUNDRY ROOM (BOSH WASHER/DRYER) 1ST LEVEL. HUGE MASTER SUITE HAS A LARGE M BATH W/SOAKING TUB, SHOWER & DOUBLE VANITY, FOUR WIC’S, STORAGE & SITTING AREA. THREE MORE SPACIOUS BEDROOMS, (2 WITH WIC’S)& UPDATED MAIN BATHH COMPLETES THE 2ND LEVEL. LARGER BM CAN BE EASILY FINISHED OFF. NEWER TIMBERLINE RF. AG POOL, SHED, PRIVACY FENCE. PERFECT!

$739,900

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UNIQUE CUSTOM HOME LIKE NO OTHER FOUND IN THE SOUGHT AFTER SHONGUM LAKE COMMUNITY. HOME SHOWS LIKE A MODEL WITH SO MUCH TO OFFER AT 5000+ SQ FT. SPACIOUS & NEWLY RENOVATED GOURMET KITCHEN WITH DINING AREA & GAS FIREPLACE, WET BAR,(SEE ATTACHED LIST OF XTRA FEAT)1ST FL LIBRARY/OFFICE. EXQUISITE GREAT ROOM W/ COUFFERED CEILINGS, FIREPLACE, BUILTINS, LEADS TO DECK AND PRIV BACKYARD! (SELLERS HAVE ARCH PLANS FOR POOL)SECOND STAIRCASE LEADS TO PRIVATE MASTER SUITE WITH DRESSING ROOM, WALK IN CLOSETS, SITTING AREA & OFFICE. 2ND FL LAUNDRY WITH MUD SINK. WALK UP ATTIC. 4 CAR GARAGE. SO MUCH SPACE YOU WILL FALL IN LOVE WITH THIS HOME! STORAGE GALORE! NESTLED IN A PRIVATE LAKE COMMUNITY W/YEAR ROUND EVENTS. EASY COMMUTE, JUST 15 MIN FROM DENVILLE TRAIN, I-80, US-46 & 10; 10 MIN FROM MORRIS PL TRAIN, I-280,I-287 & 202!

As a Randolph NJ real estate agent, one that has been in the business for almost 10 years, I can remember when Zillow and Zestimates were all the rage. Zillow launched in beta form back in 2006. Back then, real estate agents like me, thought Zillow revolutionized the way we evaluate property values.There was a time when a Zestimate, Zillow’s version of fair market value of a home, would be fairly accurate. . .but that time was short lived.The following blog post will highlight 10 reasons why you should NOT trust your Zestimate and in essence why Zillow fails to be accurate. I am not here to bash Zillow. There are plenty of angry homeowners who have voiced their frustrations with the inaccuracies of Zestimates. As much as I would love to bash Zillow, I would argue that there is some value to Zillow, but not in the form that you would imagine.

On Line Free Home Value Report
Reasons Why Zillow’s Home Values Are Not To Be Trusted
Reason 1: Location is only one of three primary contributing factors that comprises a home’s market value. Zillow doesn’t take into consideration two other key variables: pricing and condition of your home in relation to other available homes on the market.
The novelty of using using Zillow is having the ability to insert your address or neighborhood into its search feature for a “real time” home value estimate or a Zestimate within seconds. The problem with Zillow’s algorithm is it incorrectly assumes that your neighbor’s home, which would generally be in close proximity to your home, is truly comparable to your home. Zillow does not know about the number of “capital” improvements you have made over the years as in a new kitchen, furnace, roof, or the addition you put on your home. Zillow does not know that your neighbor had an underground oil tank or wood paneling throughout his/her house that made your neighbor’s home tremendously unattractive to home buyers when it sold. These important data points, like upkeep, updating, additions, heating type, clutter, odor, bad paint jobs can affect real estate values in real life. Let’s not forget that the vice versa could also be true: if your home lacks capital improvements, curb appeal, faces the wrong direction, Zillow’s computer will never know about it. And for this reason alone, you should look, laugh and place to value a Zestimate.
Reason 2 Zillow Can Be Duped.
In the past, for sale by owners, these are homeowners not represented by a real estate agent, could list their home for sale on Zillow and set a ridiculous prices called a Make Me Move Price. Make Me Move is a function that allows homeowners the ability to “test” the market without a homeowner having to use a broker or real estate agent. I can not say for certain whether or not the Make Me Move prices is an element of Zillow’s Zestimate calculation, but if you are inserting your own address into Zillow’s search bar and you look at the results map at a glance, you might see a number of overpriced homes available homes for sale and hence set an over-priced asking price for your home. I met several homeowners on Zillow who priced their homes as high as $700,000 when in reality there home value was closer to $500,000. I know what you are thinking. Zillow says my home is worth more? In reality true market value is based on what a real life buyer is willing to pay for your home at the time in the market.
Reason 3 Zillow has a hard time differentiating between different property styles and types.
Zillow can not distinguish between a cape versus a bi-level or even a single family home versus a mother daughter or a multifamily property; It can’t tell the difference between condos from single family detached homes. Cape style homes are generally significantly smaller than a bi-level or split level home, which this style difference does and should influence the home’s value over another. When Zillow Zestimates do not take these property style differences into consideration, you are likely to get highly inaccurate Zestimates.
Reason 4 Zillow Documents Private Sales which can be a double edge sword.
As an agent, I value the private sales information. Although, I know that private sales i.e. sales between friends or family members or even a for sale by owner and buyer, nets a homeowner on average 8-10% less than if their home sold with MLS or broker exposure . This information of private sales, which comes directly from tax records skews Zestimates if in fact private sales are considered in Zillow’s Zestimate, but then again, at a glance, you might inaccurately assume that your home value is comparable to a sale that sold for less than its fair market value.
Reason 5 Zillow knows its inaccurate and they do not care!
At the bottom of the Zillow website, there is a tiny link called Values and Accuracy. On this page you will find a decoder ring to help you understand whether or not your Zestimate is accurate. It looks something like this. In some cases, the index tells you that they are super inaccurate, off by 27% in some cases. This inaccuracy is not something that Zillow wants you to know about or they would have made it more prevalent on their website. I had a hard time looking for it myself and if you are an unsuspecting homeowner, you might have missed it altogether. Zillow Accuracy Chart NJ

ZillowAccuracies

 

 

 

 

 

 

Reason 6 Zesimates do not distinguish between homes sales that were foreclosed on or sold at short sale.
Arguably, when you sale your home and have it appraised, a appraiser will make every effort to look for homes that were not discounted due to a desperate seller’s hardship situation. An appraiser will in some cases, make an active effort not to include homes that foreclosed (i.e. sold through an bank repossession). Although, if the market is saturated with distress properties, you will more than likely have to included distress homes as comparable (comps) to your home. But again, Zillow at a glance does not separate normal resale from short sale or foreclosures.
Reason 7 Zillow does not correct correctable inaccuracies.
I participate in Zillow’s Advice, which is their question and answer forum where buyers and sellers can connect or pose questions to other buyers and sellers and even real estate agents. I often see homeowners who complain when they find their home is still listed for sale on Zillow or the sold price of there home is not accurate. This is what I call correctable inaccuracies. I do not see the customer service department responding to those homeowners even though I know they monitor and police the forum. I do not see them making changes to incorrect sold prices. This is problematic and increases the margin of error of Zillow’s data.
Reason 8 To be fair to Zillow, I think I have done enough Zillow bashing and explaining why Zillow is not accurate, they do allow homeowners the ability to create an estimate.
This feature allows you to select other data points such as amenities, bedrooms, bathrooms, square footage, etc that can influence your home’s value. I am a homeowner and as much as I love my home, I am not so sure that I would be able to pick comparable homes objectively. Zillow does allows you to subscribe to your home’s report on Zillow and have the option of requesting similar listings when they come on the market and when similar home sell. I have the ability to do this as well and since I am tapped into several different Multiple Listing Services (for NJ that is), where 90% of all property sales take place, it would be prudent of you to set up a auto email campaign with Zillow in addition to setting up a just sold email campaign with an agent like me.
Reason 9 Zillow needs to do a better job policing Realtors or Agents that abuse Zillow.
I know of hundreds of listings on Zillow that are listed by a broker and have sold yet they still appear as active homes for sales. If they are still listed for sale, their sales data does not appear on the just sold properties, which would be important information for you to know.
Reason 10: At the end of the day, zillow encourages you to contact a real estate agent.
Zillow, by their own admission, wants you to verify that the information you received on Zillow is consistent with an real estate agent’s opinion because only real estate agents have access to 90% of all property sales and only good agents will know which amenities, neighborhoods, property styles, updates and selling situations will give you a true outlook on your current or future home’s value. When in doubt, ask a human or even better, a professional real estate agent.

house-dollarbills2There are a lot of things you can’t control in the home-selling process. You can’t force people to come see your home or make an offer on it. But you can make sure to take care of some easy repairs that would otherwise turn off prospective buyers. Look around and make sure you haven’t ignored any of these 10 repairs that can make a buyer think twice about your asking price.
1. Paint colors that just don’t blend in
The color of your home is one of the first things a buyer will notice. If it’s a very different color from your neighborhood or general area, you should paint it something more innocuous.Most buyers don’t want to live in the only pink house in town.
The same goes for the interior. If your living room is bright orange, paint over it. Choose a neutral color so buyers can project their own ideas onto it.
2. A front door that’s not inviting
The front door is one of the next things a buyer will notice. If the door is flimsy, cheap, or outdated, it’ll discourage the buyer before it’s even opened. Spring for a new one—it’s the most reliable update you can perform to recoup your cost.
3. A busted doorbell
While you’re at it, don’t forget the doorbell! Having one that works with a friendly, crisp chime is a sign that your house has been well taken care of.
4. Tattered window and door screens
Buyers will notice screens that look more like Swiss cheese than insect shields. You don’t necessarily have to spring for a whole new set—just grab some screen repair patches (they’re cheap) and fill in the tears.
5. Depressing landscaping
As potential buyers drive up to your home, they’ll notice everything—the trees, the grass, the rock pathway, and the plants out front. And it matters. If your lawn is home to a half-dead tree, yellowing grass, unkempt shrubs, and a pathway swallowed by weeds, you might get more lowball offers than you anticipated.
Keep the plants trimmed and the grass freshly cut. Make sure the walkway is clear and fallen branches are removed from the lawn. A fresh layer of mulch will brighten up the outside, too.
6. An unpleasant smell of … something
Nothing can turn a buyer off faster than the stench of faded cigarettes or poorly trained pets. Of course, it’s hard for us to smell our homes after we’ve lived in them for a while, so ask a diplomatic friend to sniff your place. If it stinks, start cleaning.
7. Eerie dripping sounds
If potential buyers hear a dripping faucet or running toilet when touring the house, they might start questioning the building’s integrity or the seller’s level of care. These are quick DIY fixes that shouldn’t go ignored.
8. Bad lighting
Replace harsh lights with bulbs that have a softer glow. Clean out light fixtures to get rid of dirt or dead bugs that can mute the lighting (not to mention look gross).
9. Squeaky hinges
Doors that groan when they open are for horror movies, not homes for sale. Grab a lubricant (such as white lithium grease, but in a pinch you can use cooking oil) and grease the hinges to stop the squeak.
10. An outdated kitchen
Completely renovating a kitchen can get real expensive, real fast. Keep it simple by adding a fresh coat of paint. Although we did say you should keep paint colors neutral, here’s where you can try something more inviting—like pale yellow, a color we associate with light and joy. Switch out old cabinet knobs and handles for something fresher like nickel cup pulls.

Trulia VIP Award

This nicely updated one bedroom/one bath 2nd floor unit is available for rent for $1250/month. Community living includes pool and tennis courts. Great commuter locale.
also available for sale for $169,900. Makes a great investment property.

photo-20Come join me on this beautiful day and view this lovely townhome, conveniently located in Woodmont in Randolph. Priced to sell at $339,000, it will be worth your trip!
This 2 bedroom 2 1/2 bath home has an updated kitchen, full finished walk out basement, fireplace and backs to woods for privacy.

93 Woodmont Drive, Randolph

SLPOA 2015 Calendar of Events
March 13th St. Patrick’s Day Party
April 3rd The Hunt
TBD Progressive Dinner
April 25th Beach & Grounds Pre-Clean Up Day – Adults only
May 9th Beach Clean Up Day / Badge Pick Up
May 23rd Memorial Day Party
June 6th Swim Team Area Clean-Up & Lane Set Up (June 13th rain date)
June 19th 1st Friday Night Happy Hour
June 22th Swim Team – Practice Starts
June 25th Swim Team – Intra Squad Meet / Pizza Party / Parent Meeting
June 29th Swim Team – First Swim Meet
June 29th -
July 9th
Swim Lessons on the Beach (1st set)
July 4th 4th of July Picnic and Bike Parade
July 7th Swim Team – Camel Back Family Day
July 11th Swim Team – 12&U BBQ / Raid / Sleepover
July 13th -
July 23rd
Swim Lessons on the Beach (2nd set)
July 18th Family Campout on the Beach
July 21th Swim Team – 13+ Shore Trip (July 23rd rain date)
July 31th Swim Team – Pasta Dinner / Pep Rally
August 7th Swim Team – Lane Breakdown & Clean Up
August 8th Swim Team – Finals & Award Ceremony
September 5th Labor Day Party
September 7th Triathlon

The recent recession had a devastating effect on real estate, which lost a third of its value, on average. Economic trends, however, have begun to suggest that prices could rise substantially over the coming decade or longer. Most recently, Federal Reserve Chairman Ben Bernanke’s decision to begin a third round of so-called quantitative easing (effectively printing money) has increased the odds of eventual inflation that would greatly boost the prices of tangible assets, especially houses.
There’s no guarantee, of course, that home prices will escape another dip next year, especially if there’s a recession or any sort of economic slowdown. And it may take some time for real estate prices to recover fully. In addition, not everyone who might want to buy today will be able to get a mortgage. But for people who can afford to buy a home and expect to stay in it for at least a decade, there’s a compelling argument that the current housing market offers an exceptional opportunity. Consider these five factors:
Buying a home right now is cheaper than renting. Both home prices and rents have risen a little bit from their post-recession lows, but rents are up more. Mortgage rates are at their lowest levels in more than half a century. And given current prices and tax benefits, owning a home is cheaper than renting in almost every major U.S. housing market.

The mortgage interest deduction is unlikely to be eliminated. Comprehensive tax reform schemes often call for curtailing the income tax deduction for mortgage interest. That’s understandable, since the tax benefit costs the government $80 billion to $100 billion a year that could be used instead to reduce overall tax rates. The Republican party flirted with including language in their 2012 platform which advocated for reducing the tax benefit of owning a home, but Governor Romney has remained vague on the extent of any proposed limitation for primary residences. And most commentators say that the real estate lobby and the broad popularity of the deduction among homeowners greatly limit the extent to which the deduction can be modified. At most, the cap on the amount that can be deducted may be lowered, but probably not enough to affect middle-class homebuyers.

Home prices are very cheap but appear to be past a bottom. On a national basis, home prices are down more than 30% from their 2007 peak. Eventual economic recovery will almost certainly boost housing prices. Following the recessions of 1973-75 and 1981-82, home prices rose by about 20% in real terms (i.e., not counting price increases from inflation) within seven years or less. The drop in home prices in the most recent recession was at least four times as large as the declines in those two previous recessions. As a result, the recovery is taking longer to get going, but the eventual rebound could be proportionately greater. Price increases resulting from inflation would be on top of those real gains.
A substantial amount of inflation seems likely at some point. Since 2008, Fed policies aimed at revving up the economy have more than tripled the basic money supply (including currency but excluding checking and savings accounts). In a simplistic sense, that means the potential exists for the dollar to lose up to two-thirds of its value. The reality is more complex, of course, and inflation pressures won’t begin to build until people and businesses feel free to start spending the excess cash they have. But as the recovery proceeds and spending picks up, the recent increases in the amount of money outstanding could begin to cause quite substantial inflation. To prevent that, the Fed would have to drain much of money that it has added over the past three years. And that would be difficult to do quickly, because it would risk jacking up interest rates to a level high enough to cause another recession.

In short, since owning a home is typically cheaper than renting after tax benefits are considered, today’s buyers would come out ahead unless housing prices fall substantially. In fact, though, prices figure to rise, either because of an economic recovery or because of inflation (or more likely, both). Yet while buying a home today is a safer bet than it was before the recession, most people are more hesitant to buy a home today than they were five years ago. Don’t let this opportunity pass you by!

 

DSC02003NICELY UPDATED SECOND FLR UNIT IN GREAT COMMUNITY. HARDWOOD FLRS UNDER CARPET.AMENITIES INCLUDE POOL & TENNIS COURTS. CLOSE TO ALL MAJOR HIWAYS,SHOPPING & MASS TRANSIT.COMPLEX ONLY ALLOWS CATS SHOW & SELL! OWNER IS LICENSED REAL ESTATE AGENT  $174,900

2350 Route 10 W,C24, Parsippany

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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