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

This week in our local Randolph, NJ market, we are seeing  more listings. We currently have 77 active homes on the market which is up 6 homes from last week, 11 of those homes have already accepted a contract and are currently in attorney review. As we are officially in the Spring market we are definitely seeing large crowds of buyers at our opens houses. If you would like to know how much your home is worth in todays market, call me today!

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CLASSIC SHONGUM LAKE COLONIAL ON SECLUDED CUL-DE-SAC IS IN IMMACULATE CONDITION, SPACIOUS ROOMS, 1ST FLR BDRM /OFFICE, UPDATED KITCHEN, HDWD FLOORS, CONVENIENTLOCATED. NEW ROOF, NEWER WINDOWS AND BATHS. A MUST SEE!

This Week’s Mortgage News

Buyers using a jumbo mortgage might encounter a pleasant surprise: Mortgage rates for jumbo mortgages – loans over $417,000 in most of the United States and over $625,500 in pricier areas – are now at, or below, rates for conventional mortgages.

This compares to recent years when it was standard for mortgage rates for jumbo financing to be higher than comparable conventional loans. In fact, in 2009, jumbo rates were almost 2 percentage points higher, making these home purchases less affordable.

The lower costs and improved availability of jumbo financing can be attributed to recent changes in the home financing market, including the loosening of the secondary market for jumbo loans and the implementation of guidelines that exempt jumbo mortgages.

In addition to high-end homebuyers, this recent change is also good for the real estate market as a whole. Buyers taking out jumbo loans are usually move-up buyers, meaning the home they are selling is now available to a first-time buyer or other consumers seeking a home at a lower price point.

Featured Product: 10% Down Jumbo Loan 

Weichert Financial Services can offer qualified borrowers a fixed-rate jumbo mortgage loan of between $417,001 and $850,000 with only as little as a 10% downpayment. This opens a window of opportunity for buyers able to afford the monthly payments and upkeep on a home, but who have not yet been able to save enough to make the typical 20% downpayment.

Speak to a Weichert Gold Services Manager for more details.

Industry Trends

WFS Jumbo rate - 5/5 ARM: 2.75%
Other WFS rates - Check with your GSM for current rates.
Refi Index - 1547.6 (-3.11%)
Purchase Index - 168.8 (-0.47%)
NAHB Builder Confidence - 47 (+2.17%)
Existing Home Sales - 4,870,000 (+1.0%)
New Home Sales - 468,000 (+9.60%)
Pending Home Sales - 95.0 (+0.11%)

(As of Mar. 13, 2014. WFS rate: Mar. 20.) 

SOURCEMortgage News Daily

Missy “Mary Jo” Iemmello

“MOVE WITH MISSY”

284 Route 10 West

Randolph, NJ

973-945-3331

missrealestate@optinline,net

Front 02 copy.HR

 

This home was previously on the market as a For Sale By Owner as well as with two other real estate agents prior to me listing it. I marketed the home and in the first weekend got it SOLD!

Call me today to find out how to market your home and get it SOLD in todays market!!

“MOVE WITH MISSY”

 

A glimpse at Shongum Lake real estate this week we currently have 2 active homes on the market and 1 home under contract, a spit level priced at $669,900. This is a definite sign of the improving market as home prices continue to rise and inventory stays incredibly low. Our St. Patty’s Day party was alot of fun with great Irish food and drink hosted by out new member chair, Ally Carroll, who did a teriffic job! Upcoming Events are Poker Night on 3/21,  Canasta on 3/25 and April 1st Empty Nesters Dinner.

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”

 

A quick glimpse of our local Randolph. NJ market, we currently have 71 active homes on the market which is up approximately 10 homes from last month, 9 of those homes have already accepted a contracted and are currently in attorney review. We will continue to see the inventory rise as we head into the spring though I do not expect to see us grow anywhere near the mid to high 100′s we have seen in the past several years. If we hit 100 homes or slightly above, that will be high this year.  We are in a normal market right now but are heading for a sellers market with homes predicted to appreciate approximately 3% a year. Stay tuned for more optimistic real estate news.

As the snow begins to melt after a long, harsh winter, homeowners will soon be able to catch their first glimpse of the weather’s impact on their landscaping. Between the ice, cold temperatures and plentiful use of melting salt, there is likely to be a few casualties from the winter weather.

The good news is that many areas had a consistent snow cover lasting several months. This blanket of snow is actually good for plants and grass since it insulates them and keeps them protected. At the same time, ice is bad for grass because it can freeze plant cells and crush blades of grass, causing it to die. Ice can also lead to broken or damaged branches.

While the full impact of the winter weather won’t be known until late spring or early summer, certain tasks can be done as soon as the snow and ice melts. These include removing broken branches and winter-damaged leaves from the yard and assessing the grass for dead spots. As the weather warms up, grass changes from brown to green; however, if grass has died, it won’t change color.

As the spring progresses, it will be easier to make decisions about how much pruning to do and to see if any grass or plants need replacing.

 

FrontLOVELY COLONIAL LOCATED IN SHONGUM AREA OF COBBLESTONE CROSSING. 4BDRM, 2.1 BATH,FINISHED BSMT,HDWD FLRS, 1ST FLR OFFICE, GREAT COMMUTER LOCATION, CLOSE TO SCHOOLS,SHOPPING, TRAILS & PARKS. THREE OF THE FOUR BEDROOMS FACE SOUTH, LOTS OF STORAGE IN THE BASEMENT.LARGE, LEVEL SIDE AREA OF YARD FOR PLAY AREA OR MORE!

$559,900

Shongum Lake Pub Presents
Happy Saint Patrick’s Day Come Celebrate at the Clubhouse
Friday, March 14th 7:30 PM Drinks, Light Food and Fun !!!!
Adult SLPOA Members Only No Cover Charge!
Questions, contact Jesse Tieman at JesseT@majikcleaning.com
This email was sent to missyi3@optonline.net by shongumevents@yahoo.com |
Shongum Lake Property Owners Association | P.O. Box 58 | Mt. Freedom | NJ | 07869

FrontLOVELY COLONIAL LOCATED IN SHONGUM AREA OF COBBLESTONE CROSSING. 4BDRM, 2.1 BATH,FINISHED BSMT,HDWD FLRS, 1ST FLR OFFICE, GREAT COMMUTER LOCATION

$559,900

Call Missy or Doreen for more Details!

“MOVE WITH MISSY”

973-945-3331

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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