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 .

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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 January 2015*
ADDRESS Shongum Lake STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
No Solds Reported
Randolph Twp Closed Real Estate Transactions January 2015*
ADDRESS TOWN STYLE Bds Bth G Bs YB List $ Sale $ DOM Date
40 HILL STREET RANDOLPH TWP CAPE 3 1.1 1 YES 1946 $261,250 $250,000 141 1/29/15
68 WILKSHIRE BLVD RANDOLPH TWP COLONIAL 4 3.1 2 YES 1995 $649,900 $637,500 47 1/28/15
129 DOVER CHESTER RD RANDOLPH TWP RANCH 3 2 1 YES 1963 $349,900 $345,000 62 1/27/15
6 WOODCOCK ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1973 $525,900 $510,000 110 1/25/15
209 BOULDER RIDGE DR RANDOLPH TWP TOWNHOME 2 3.1 1 YES 2002 $345,000 $332,000 46 1/23/15
5 HUNTINGTON DR RANDOLPH TWP COLONIAL 4 2.1 2 YES 1980 $535,000 $530,000 52 1/20/15
8 SHAKERMILL RD RANDOLPH TWP COLONIAL 4 3.1 2 YES 1988 $699,900 $685,000 45 1/20/15
1531 SUSSEX TPK RANDOLPH TWP COLONIAL 3 2 0 YES 1880 $215,000 $228,000 81 1/16/15
14 SPRINGHILL ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1975 $569,500 $555,000 15 1/16/15
15 RIPPLING BROOK WAY RANDOLPH TWP COLONIAL 4 2.1 3 YES 1993 $575,000 $575,000 111 1/8/15
28 KENSINGTON DR RANDOLPH TWP TOWNHOME 2 2.1 1 YES 9999 $425,000 $385,000 59 1/5/15
15 RIDGEWOOD DRIVE RANDOLPH TWP TOWNHOME 2 2.1 2 YES 1995 $385,000 $380,000 42 9/30/14
9 MISTY MOUNTAIN ROAD RANDOLPH TWP COLONIAL 5 2.1 2 YES 1966 $465,800 $459,000 14 9/30/14
20 WINCHESTER TERRACE RANDOLPH TWP COLONIAL 4 2.1 2 YES 1991 $625,000 $615,000 79 9/23/14
6 BLUEBIRD COURT RANDOLPH TWP COLONIAL 4 3 3.1 YES 2003 $798,800 $790,000 119 9/23/14
57 RIDGEWOOD DRIVE RANDOLPH TWP TOWNHOME 3 2.2 2 YES 1994 $439,900 $424,000 3 9/19/14
99 PLEASANT HILL ROAD RANDOLPH TWP BILEVEL 4 2.1 2 YES 9999 $480,000 $459,900 39 9/18/14
43 ZELIFF PLACE RANDOLPH TWP COLONIAL 4 3 2 YES 1945 $255,000 $180,000 30 9/16/14
37 MEADOWBROOK ROAD RANDOLPH TWP COLONIAL 4 2.1 2 YES 1973 $629,900 $630,000 22 9/16/14
30 SHONGUM ROAD RANDOLPH TWP BILEVEL 5 2.1 2 NO 1964 $324,900 $205,000 98 9/5/14
21 MARAJALEEN DRIVE RANDOLPH TWP COLONIAL 4 2.1 2 YES 1996 $629,900 $610,000 94 9/5/14
14 ORCHARD DRIVE RANDOLPH TWP COLONIAL 4 3 3 YES 1987 $750,000 $726,750 30 9/5/14
17 LAWRENCE ROAD RANDOLPH TWP RANCH 3 2.1 2 YES 1967 $410,000 $397,000 49 9/3/14
22 CROMWELL DRIVE RANDOLPH TWP COLONIAL 5 3 2 YES 1987 $630,000 $630,000 157 9/3/14
11 RED OAK LANE RANDOLPH TWP COLONIAL 5 4.1 3 YES 2005 $975,000 $990,000 17 9/3/14
26 LAKE DRIVE RANDOLPH TWP CUSTOM 4 1.1 2 NO 1960 $425,000 $417,500 43 9/2/14
26 RED BARN LANE RANDOLPH TWP SPLIT LEVEL 5 2.1 2 YES 1979 $500,000 $495,000 14 9/2/14
3 LEXINGTON CT RANDOLPH TWP COLONIAL 4 4.1 3 YES 1997 $1,099,000 $1,038,000 68 9/2/01

NICELY UPDATED SECOND FLR UNIT IN GREAT COMMUNITY. HARDWOOD FLRS UNDER CARPET.AMENITIES INCLUDE POOL & TENNIS COURTS. CLOSE TO ALL MAJOR HIGHWAYS,SHOPPING & MASS TRANSIT.COMPLEX ONLY ALLOWS CATS. SHOW & SELL!

RTE 10 WEST TO CEDAR BROOK, BLDG C, UNIT 24
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I have a passion for everything I do which comes through in my work ethic. I put 100% into all I do and I always look out for others first. I enjoy spending time with my family as well.

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photo-2093 Woodmont Drive, Randolph

$339,000

UPDATED TOWNHOME BACKS TO WOODS. LARGE KITCHEN W/GRANITE COUNTERS, CHERRY CABINETRY, HDWD FLOORS ON 1ST FL. DAYLIGHT FINISHED WALKOUT BSMT W/FAMILY ROOM. DECK OFF DINING ROOM. LOFT FOR EXTRA SPACE. 

house-dollarbills2It’s official: 2014 was the best year for total job growth since 2000. The housing market now has a confluence of several important demand-boosting factors that should make 2015 a big year for growth in home sales.

First, mortgage rates remain—at least for the time being—at near historic lows. The latest reprieve from higher rates is thanks to the bond market’s reaction to global economic concerns. Yet, as the jobs data indicate, the U.S. economy is on much better footing than the rest of the world.

Key factors for first-time buyers

But the key issue for first-time buyers has not been rates, which have been historically low for several years. Their employment situation, overall level of confidence, ability to qualify for credit and ability to afford the down payment have been the larger issues.

December data show that employment for younger households, in particular, has improved dramatically in the past year. For example, more civilian jobs for 25- to 34-year-olds were created in 2014 than in any other year since 1987.

Mortgage backers Fannie Mae and Freddie Mac clarified their credit qualification standards in the fall, which had been murky since 2009 legislation enacted in reaction to the housing bust. This should make it easier for many would-be home buyers to get a loan with slightly lower FICO scores and slightly higher loan-to-income and debt-to-income ratios.

The new low-down-payment programs announced in December from Fannie Mae and Freddie Mac will make conventional mortgages more accessible to first-time buyers.

FHA change could save borrowers almost $1K a year

The latest important factor was announced this week: The Federal Housing Administration intends to lower the annual mortgage insurance premium rate that applies to FHA-insured loans from 1.35% to 0.85%.

That may not seem like a lot, but it can make a tremendous difference to the very people that FHA mortgages are intended to help.

For example, the median price on an existing home sold in November was $205,300, according to the National Association of Realtors. Assuming a 3.5% down payment, the higher fee amounted to $222.88 a month on top of the mortgage payment. The new monthly fee would be $82.55 lower, or just shy of $1,000 a year. For a median household in the U.S., that difference is almost 2% of its annual income.

That 2% could make a critical difference to falling within the income qualification ratios required for a loan.

First-timer buyers now have a much better chance of qualifying and buying, and would-be sellers should be encouraged to think about this being the year to list.

photo-20UPDATED TOWNHOME BACKS TO WOODS. LARGE KITCHEN W/GRANITE COUNTERS, CHERRY CABINETRY, HDWD FLOORS ON 1ST FL. DAYLIGHT FINISHED WALKOUT BSMT W/FAMILY ROOM. DECK OFF DINING ROOM. LOFT FOR EXTRA SPACE. THIS 2 BED 2 1/2 BTH UNIT IS CONVENIENTLY LOCATED.

OPEN HOUSE THIS SUNDAY FROM 1-4 PM

PRICED TO SELL AT $339,000

 

What is your home worth?

http://missy.wesellnewjersey.com/sell.php?town=city%3ARandolph+Twp.&ppc=FB

NEW YEAR TO DOS FOR YOUR HOME

With the start of a new year, it’s always a good idea to assess your home and its needs. Taking stock of appliances, home systems, and other items that make a house a home will help guide you to home improvements needed, appliances that may be near the end of their lives, and any other updates that can help to boost your home’s worth. Listed below are major home systems to evaluate in the new year to help give you peace of mind.

HVAC
In the winter and summer months a home’s HVAC (heating, ventilating, and air conditioning) systems are put to good use. January is the perfect month to replace disposable filters or wash permanent ones in your home’s HVAC or humidifier systems. Filters should be regularly replaced or washed when use is high or during peak seasons.
The start of a new year is an excellent time to vacuum all heat vents, especially those that are located on the floor. The vents are overly susceptible to dust, dirt, pet hairs, and other particles that float through the air. Vacuuming heat ducts helps clean your home’s HVAC system and can help with any problems brought on by indoor pollutants, mold, pollen or anything else that finds its way into an air duct. Vacuuming has also been known to help with any heating or cooling issues related to clogged air ducts. January is also a good time to check for any leaks in your home’s forced air heat ducts. If any are found, seal the leaks with duct tape.

SMOKE ALARMS AND CARBON MONOXIDE DETECTORS
Smoke alarms and carbon monoxide detectors save lives. Checking alarms and detectors is especially important when cold temperatures in the winter leave homes closed up. This month inspect, clean and test your smoke alarms and carbon monoxide detectors, and be sure to replace any that are faulty, no longer working or old.

FIRE EXTINGUISHERS
Very few homeowners actually have to use a fire extinguisher; many times these important tools get overlooked for maintenance. January is a great time to inspect and charge any working fire extinguishers you may have in your home. Fire extinguishers should also be placed in all accessible areas of the home where fires are more likely to occur: kitchens, garages or areas that house furnaces, boilers, fireplaces and stoves.

FIRE EVACUATION PLAN
Do you have a plan in place in case of a fire in your home? January is the perfect time to form a fire evacuation plan. Go over the plan with anyone who might live with you, and if you have kids dedicate a time to have a practice fire drill. Should your home’s bedrooms be on a second or third floor, invest in a fire escape ladder, many of which can be found at your local hardware store.
LEAKING WINDOWS AND ELECTRICAL OUTLETS
With winter setting in, finding the weak points in your home will not only help keep your home warm, but it will also help cut down on heating bills. Identify any windows that may have broken seals by looking for condensation on the inside of the window. Examine electrical outlets throughout your home for any drafts, and insulate those that may be letting in cold air.

CHECK AND TEST GFCI OUTLETS
Ground fault circuit interrupters (GFCI) are a must have in your home. These special outlets protect people from electric shock by monitoring the amount of current flowing through the outlet. If there is an imbalance of current, the outlet trips the circuit of the appliance, cutting off the electricity. You can test GFCI outlets with a circuit tester that has its own GFCI test button. GFCIs do wear out, and their lifespan is about 10 years. Replace GFCIs that no longer function properly — these outlets save thousands of lives each year.
Many homeowners have home safety and preparedness at the top of their priority list, and the New Year stands as the perfect time to discover what improvements and fixes your home will need in the coming months. Other items to look at in a new year:
If you’re in an area that is known to have inclement weather, make sure you have proper snow removal equipment and have alternative energy options in case of power outages
January is also a great month for reviewing warranties and product information on a furnace, large appliances, and any other big ticket items in the home
Preventative maintenance will not only save you money and keep your home safe, but houses that do not keep up with maintenance have been known to lose up to 10% to 12% off their appraised value. The US Census has estimated that annual maintenance can cost between 1% and 3% of a home’s initial costs dependent upon the geographic location of the home. With the New Year, getting a head start on yearly to dos, and anticipating yearly maintenance, will put you ahead of the issues and have you prepared for any upcoming and unforseen fixes.

As a new year begins, all signs are pointing to a positive year in real estate. With mortgage rates still at an all time low and Fannie Mae & Freddie Mac offering incentives for first time homebuyers, it has never been a better time to buy a home. There are currently 96 active homes on the market in Randolph, up about  a little over 10% from last year at this time. It is a great time while the inventory is at it’s lowest to sell your home, if you are thinking about doing so in the next few months.

You can check out the homes that SOLD each month in Randolph right here!

Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for December.

What’s Coming in the New Year1416452473

“The good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in 2015 — only the second year in the past decade with growth at that pace or better,” says Frank Nothaft, Freddie Mac’s chief economist. “Governmental fiscal drag has turned into fiscal stimulus; lower energy costs support consumer spending and business investment; further easing of credit conditions for business and real estate lending support commerce and development; and consumers are more upbeat and businesses are more confident, all of which portend faster economic growth in 2015. And with that, the economy will produce more and better-paying jobs, providing the financial wherewithal to support household formations and housing activity.”Freddie Mac economists have made the following projections in housing for the new year:

  1. Mortgage rates: Interest rates will likely be on the rise next year. In recent weeks, the 30-year fixed-rate mortgage has dipped below 4 percent. But by next year, Freddie projects mortgage rates to average 4.6 percent and inch up to 5 percent by the end of the year.
  2. Home prices: By the time 2014 wraps up, home appreciation will likely have slowed to 4.5 percent this year from 9.3 percent last year. Appreciation is expected to drop further to an average 3 percent in 2015. “Continued house-price appreciation and rising mortgage rates will dampen affordability for home buyers,” according to Freddie economists. “Historically speaking, that’s moving from ‘very high’ levels of affordability to ‘high’ levels of affordability.”
  3. Housing starts: Homebuilding is expected to ramp up in the new year, projected to rise by 20 percent from this year. That will likely help total home sales to climb by about 5 percent, reaching the best sales pace in eight years.
  4. Single-family originations: Mortgage originations of single-family homes will likely slip by an additional 8 percent, which can be attributed to a steep drop in refinancing volume. Refinancings are expected to make up only 23 percent of originations in 2015; they had been making up more than half in recent years.
  5. Multi-family mortgage originations: Mortgage originations for the multi-family sector have surged about 60 percent between 2011 and 2014. Increases are expected to continue in 2015, projected to rise about 14 percent.

Source: Freddie Mac

Are you planning to sell your home next year? If so, here’s a little secret: You don’t have to wait until spring is in the air to get your home ready for prime time.  Here is how homeowners can make the most of the months leading up to a spring home sale. Gain an edge on the competition with these steps.

As Soon as Possible

Make a Plan: Once you have areal estate partner, you need a plan. Before you roll up your sleeves and get to work, make a list of all your to-dos. This enables you to break the process down into bite-sized chunks so you don’t feel overwhelmed. Work with your agent to set priorities, then focus on knocking out one task at a time.Start Packing: This is where the going gets tough. It’s time to part with your stuff—but only for a little while. Take a look around and decide what you can live without until your home sells. Rent a storage unit if you have to. Just pack it up and get it out so you can make room for buyers. Here’s an added bonus: The rest of the work will be much easier with less stuff clogging your corners!

2–3 Months Before Listing

Uncover Issues: Want to beat buyers to the punch list? Get a pre-sale home inspection. Of course, your buyer’s home inspector will still find things that need to be done. But being proactive enables you to identify potential deal breakers so you can adjust your timeline and budget accordingly. “If you need to deal with something really profound, it may change some of the other things you’ve got to do” .Tackle Repairs: With your home inspection report in hand, work with your real estate agent to prioritize the findings. Just keep these wise words in mind: “It’s always less expensive to repair or replace something upfront than to wait for the buyer to ask for that in inspection requests” . This is especially true for major fixes like a new roof or HVAC unit. “That’s the kind of stuff that scares people to death. They’ll ask $12,000 for a roof that would cost $4,500. It’s a vast difference!”

1 Month Before Listing

Spruce It Up: First impressions count—a lot! Breathe new life into your home with a fresh coat of paint and pay close attention to curb appeal. Ask your real estate agent to refer a reputable home stager to help you incorporate today’s trends. “Remember, you’re not going to live here anymore,” expert say. “It really doesn’t matter what colors you like. What matters is what buyers are looking for right now.”

1–2 Weeks Before Listing

Deep Clean: Save this step until it’s almost time to plant the For Sale sign in your yard. You don’t want a month of muddy paw prints traipsing through your home after spending your hard-earned cash to clean the carpets. Once every surface sparkles, give each family member a special job—maybe even run drills—to ensure your home stays that way. Got pets? Keep fur balls and stinky smells at bay by sending Rover to Grandma’s house for an extended stay until you sell your home.

Ready, Set, Go!

Don’t wait until the ground thaws to knock out your to-dos. Get a head start on the competition so you can be buyers’ first breath of fresh air when spring comes around. Looking for an expert to take the stress out of your home sale? Give me a call at 973-945-3331 or email me at missrealestate@optonline.net.

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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