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 Weichert, Realtors.

Shongum Lake Closed Real Estate Transactions March 2014*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
23 MEADOWBROOK RD SHONGUM LAKE COLONIAL 4 2.1 2 YES 1973 $769,900 $723,500 74 3/6/14
Randolph Twp Closed Real Estate Transactions March 2014*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
1072 SUSSEX TPK RANDOLPH TWP RANCH 2 2 0 YES 1956 $259,000 $250,000 234 3/28/14
145 DOVER CHESTER RD RANDOLPH TWP CUSTOM 3 2.1 1 NO 1979 $359,000 $340,000 98 3/21/14
15 EAGLE COURT RANDOLPH TWP COLONIAL 4 2.1 2 YES 1992 $624,999 $620,000 6 3/19/14
17 TIMBER LANE RANDOLPH TWP CONTEMP 4 3.1 2 YES 1985 $685,000 $675,000 9 3/18/14
242 QUAKER CHURCH RD RANDOLPH TWP COLONIAL 4 2 1 YES 1948 $356,700 $352,000 67 3/13/14
23 MEADOWBROOK RD RANDOLPH TWP SPLIT 4 2.1 2 YES 1973 $769,900 $723,500 74 3/6/14
5 CEDAR TERRACE RANDOLPH TWP RANCH 2 1 0 YES 1960 $250,000 $235,000 0 3/4/14
54 ARROWGATE DRIVE RANDOLPH TWP TOWNHOME 3 2.1 2 NO 2000 $375,000 $375,000 62 3/4/14
110 ARROWGATE DRIVE RANDOLPH TWP TOWNHOME 3 2.1 2 YES 2000 $390,000 $380,000 78 3/4/14
11 HEATHER LANE RANDOLPH TWP COLONIAL 5 2.1 3 YES 1991 $825,000 $817,500 22 3/3/14

003Beautifully appointed, 14 years young Colonial w/Shongum Lake Rights. Located on  cul de sac amongst larger homes,kitchen updated with granite countertops, stainless steel appliances, under cabinet lighting. Mater bath updated with granite countertop,new sink and fixtures. Hardwood floors refinished on 1st floor, new carpet on 2nd floor, freshly painted through out.Home is on  2.5 acres, Sit back approx 250 ft from street,private backyard w/deck, paver patio and stone wall. Full finished basement w high ceilings boasts full bath, family room, office and play/rec room, cedar closet, utility room.A MUST SEE! Great commuter location. Listed at $539,900

This week in our local Randolph, NJ our spring market continues to rise with 81 homes currently on the market as of today! 30 homes went under contract in the past 30 days which puts us in a sellers market here in Randolph.   The open house traffic is still very heavy and lots of buyers are still looking to get in the right home in time for the fall school year. Now is the time to get your home on the market, spring goes by quick! Call me if you need ideas to get your home ready now or in the future.

Randolph dates to remember;

Randolph Schools Spring Break:April 14-April 18

Branch Pick Up, week of April 16th. All brush needs to be placed curbside by this date as it will be a one-time only pickup. No return trips will be made.

Bulk Garbage Pick Up Week-April 28th

“MOVE WITH MISSY”

Shongum Lake real estate market this week stays steady with 4 homes and 2 new homes hitting the market and 2 homes taking a contract within the first few days on the market!!.We still  have alot of buyers looking specifically to move into Shongum Lake our great community. I have met so many buyers at my open houses so please let me know if you may be thinking of selling you home or may know someone.

I am planning a Community Garage Sale for Saturday, April 26th from 9-3. Bulk garbage pickup is the week of April 28th so you can put everything that doesn’t sell to the curb. I will advertise in the newspaper and on Craigslist as well as collect food for the Local Food Pantry. I will hand out maps and put out directional signs the day of the sale as well. Please call or email to particpate, last year I had over 15 families!

Upcoming Events;

The Hunt April 18th

The Progressive Dinner April 26th, RSVP Right Away!!

Beach Clean Up & Badge Pick Up May 3rd from 9-3

If you would like to know what your home is worth, call me today for a complimentary market analysis. If you are looking to move into the Shongum Lake community, I would love the opportunity to provide you with the most up to date information.

Call me today and “MOVE WITH MISSY”

While the lending environment has not yet fully returned to normal, lending “is loosening up again after being extremely tight,” says Michele Raneri, vice president for analytics at Experian Information Solutions, a major consumer credit-rating company.

Evidence of this is seen in the credit scores of those getting loans. When reviewing fourth quarter 2013 Experian statistics, prime and near-prime borrowers – those considered most creditworthy – accounted for 58.5 percent of all mortgages, compared to 46.7 percent in late 2011.

In addition, in the fourth quarter of last year, the number of prime and near-prime loans that were granted increased 7.7 percent and 9.5 percent respectively from fourth quarter 2013. Raneri attributes this to pent-up demand from consumers who are now finding it easier to borrow.

Homebuyers may not realize that it could be easier than they think to be approved for home financing. By speaking to a Gold Services Manager, they can get a clearer picture of exactly what they can afford in a new home.

Industry Trends

WFS Jumbo rate – 5/5 ARM: 2.875% Other WFS rates – Check with your GSM for current rates. Refi Index – 1432.2 (-6.29%) Purchase Index – 174.0 (+4.00%) NAHB Builder Confidence – 47 (+2.17%) Existing Home Sales – 4,600,000 (-.43%) New Home Sales – 440,000 (-3.30%) Existing Home Prices – 237,300 (+0.30%)

(As of April 3, 2014.)

SOURCE: Mortgage News Daily

Featured Product: Weichert 15/15

Imagine 180 monthly payments without a single adjustment. Weichert Financial Services now offers a 30-year amortization product that only adjusts once — after 15 years. This unique structure provides the sense of security one finds with a fixed rate, while letting borrowers enjoy the advantages of an adjustable-rate loan.

6 Horizon Court 171 CLASSIC SHONGUM LAKE COLONIAL ON SECLUDED CUL-DE-SAC IS IN IMMACULATE CONDITION, SPACIOUS ROOMS, 1ST FLR BDRM /OFFICE, UPDATED KITCHEN, HDWD FLOORS, LARGE LEVEL SIDE YARD NEW ROOF, SET ON 2 ACRES PRIVATE SETTING,PAVER WALL AND FRONT WALK WAY. GREAT COMMUTER LOCATION.JUST REDUCED, SO MUCH HOME A MUST SEE!

This week in our local Randolph, NJ market listings continue to rise and why not, it is the spring market after all!  We currently have 79 active homes on the market which is up  from last week, but since homes are taking contracts within the first few days they are going on the market and with multiple offers, we are managing to keep steady inventory. The open house traffic is off the chart so much so that even the buyers coming through are surprised to see how many people are out. Now is the time to get your home on the market, spring goes by quick! Call me if you need ideas to get your home ready now or in the future.

Randolph dates to remember;

Spring Break:April 14-April 18

Bulk Garbage Pick Up Week-April 28th

“MOVE WITH MISSY”

Spring has definitely sprung in  Shongum Lake real estate market this week as the  homes on the market rise from 2 to 5 and our open house traffic was off the chart. We have alot of buyers looking to move into Shongum Lake and because of that two of the homes that went on the market this weekend already took offers, unvelievable, in a good way! I have met so many buyers at my open houses looking for a home in our community, so please let me know if you may be thinking of selling you home or may know someone.

Thank you everyone for coming out and passing the budget the FIRST time, it means so much to the Council and our great community.

Upcoming Events; Pre Beach Clean Up 4/5,please come lend a hand even for a short time, every little bit helps.

The Hunt April 18th

The Progressive Dinner April 26th, RSVP by April 4th

If you would like to know what your home is worth, call me today for a complimentary market analysis. If you are looking to move into the Shongum Lake community, I would love the opportunity to provide you with the most up to date information.

Call me today and “MOVE WITH MISSY”

This Week’s Mortgage News

President Obama signed into law a bipartisan bill reversing much of a 2012 overhaul of the government’s flood insurance program. This comes as a relief for homeowners living in flood-prone areas who would have seen large increases in insurance costs.

The changes to the original program were made to help eliminate subsidized rates for those in flood-prone areas. Implementing this required significant updating of the flood maps used to set premiums, resulting in often-unaffordable rate increases for many homeowners along the Atlantic and Gulf coasts and in flood plains.

To help combat the extreme rate hikes, the new law caps flood insurance premium increases at 18 percent a year. However, people whose second home is in a flood zone and those whose properties have flooded repeatedly would continue to see their premiums go up by 25 percent a year until reaching a level consistent with their real risk of flooding.

In a positive development for the real estate industry, the law allows sellers of homes built before the original flood maps were drawn to pass their subsidized insurance rates on to the people buying their home

Industry Trends

WFS Jumbo rate - 5/5 ARM: 2.75%
Other WFS rates - Check with your GSM for current rates.
Refi Index - 1432.2 (-6.29%)
Purchase Index - 174.0 (+4.00%)
NAHB Builder Confidence - 47 (+2.17%)
Existing Home Sales - 4,600,000 (0.43%)
New Home Sales - 440,000 (-3.30%)
Pending Home Sales - 95.0 (+0.11%)

(As of Mar. 27, 2014.) 

SOURCEMortgage News Daily

Featured Product: Weichert 15/15 

Imagine 180 monthly payments without a single adjustment. Weichert Financial Services now offers a 30-year amortization product that only adjusts once – after 15 years. This unique structure provides the sense of security one finds with a fixed rate, while letting borrowers enjoy the advantages of an adjustable-rate loan

 

With the arrival of spring sunshine, home sellers can take advantage of brighter days to make their home shine. As part of their annual spring cleaning, most homeowners take the opportunity to give their windows a good cleaning, both inside and out. Not only does this allow more light to come in, but it also improves a home buyer’s view of the outdoor areas.

In addition to the windows, a brighter, gleaming look can be achieved by taking time to clean your light bulbs and fixtures as well. According to the U.S. Department of Energy, dirty bulbs shed 30 percent less light than clean ones, providing a legitimate reason to take the extra time required to give your light bulbs a full cleaning.

It may go without saying, but before you get started with your cleaning, you should always turn off the electricity to the fixture. For bulbs themselves, all that is necessary is a quick wipe down using a dry cloth, such as a dryer sheet, to remove dust and grime. Ceiling fixtures, pendant lights and other glass covers, can be removed and cleaned with either cleaning spray and a microfiber cloth or in warm, soapy water.

Dusting weekly will keep the time spent on a deep cleaning to a minimum, and help you enjoy a bright, light home all year long.

As spring enters the  Shongum Lake real estate market this week we currently have 2 active homes on the market, nothing has changed since last week. We have alot of buyers looking to move into Shongum Lake and very little inventory. I have met so many buyers at my open houses looking for a home in our community, so please let me know if you may be thinking of selling you home or may know someone.

Upcoming Events are  Canasta on 3/25 , Budget Meeting March 31st,  April 1st Empty Nesters Dinner, The Hunt April 18th & The Progressive Dinner April 26th

If you would like to know what your home is worth, call me today for a complimentary market analysis. If you are looking to move into the Shongum Lake community, I would love the opportunity to provide you with the most up to date information.

Call me today and “MOVE WITH MISSY”

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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