Any input about the park palace, garden state park property in cherry hill?

Lok
Home Buyer
Cherry Hill, NJ

We are planning to buy a property in park palace, garden state park, cherry hill. Townhouses ranging from 380-450 K . The price is on the high end for 2100-2700 sq feet area. Please advice.

Answers (5)
Robert
Home Buyer
08244

I've had my eye on these for a few years. Prices are still very high. Taxes are set at 50% of sale price at Cherry Hill rate - making your yearly taxes insane (in the 13-15k range). Assoc fees high and no date for construction of rec center. If they were priced right, they would have been in 2nd or 3rd stage by now. Reflecting this, Occupancy in very low. It's a shame because it's a decent location (although maybe too busy for some) and construction/appearance are nice. They are priced as if the real estate bubble is still present.

Tue Dec 29 2009, 20:53
Good Luck
Other/Just Looking
West Orange, NJ

be careful the developer has been sued and a judgement has been entered for 100K plus

Thu Dec 10 2009, 11:31
Jeremy S. Hill
Agent
Cherry Hill, NJ

Its been awhile since I've visited these units. The location is good. Floorplans and craftmanship are good as well. Value and price-Ouch!! I believe their prices are inflated. It appears that they have come down from their initial pricing. Still overpriced in my opinion. Asked them how many units are currently occupied. Last time I checked it was low. For more info about the area call or email me. You can also search are local MLS below.

Sun Nov 16 2008, 19:51
Paul Howard
Broker
Cherry Hill, NJ

That is down the road from my office, unfortunately since you apparently have already been there they likely will not allow you to have a Realtor represent you. If you make your offer and contract contingent on the owners paying a commission to your agent you 'might' be able to have representation - and advice.

For others thinking about looking at homes before they have a buyer's agent -(not a dual agent) see http://procuringcause.com .



Paul Howard, Broker/Owner
NJHomeBuyer.com Realty
811 Church Rd'
Cherry Hill NJ 08002
856-488-8444

Sun Nov 16 2008, 07:38
Elisa Dewees/Re...
Agent
Cherry Hill, NJ
FIRST ANSWER

Prices ARE high and have you checked out the taxes and condo fees? They will add quite a bit onto your monthly expenses. Did you know you can negotiate the price of the home? You may be surprised what they will be willing to do given the fact that it took so long to get the project completed for occupancy.

If you have a Realtor (or would like one) make sure you bring them the first time you go visit the place or they will not allow you representation. If that is the case, do hire an attorney to go over the contract before you sign.

If you need any further information on how to buy new construction, please feel free to email or call me.

Sun Nov 16 2008, 05:35

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