Home Selling in 08820>Question Details

Maria Anders…, Home Seller in New Jersey

current prices for Westgate 1 in Edison, nj

Asked by Maria Anderson, New Jersey Mon Aug 11, 2008

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13
Hi Maria and Rainman,


As of today (9/24/09) there are 5 active listings on Westgate Drive ranging from $315,000 to $369,900

In the last 3 months there were 9 closings on Westgate Drive ranging from $355,000 to $305,000, Just an FYI, the $355,000 sale closed on September 17, 2009 (units was completely remodeled). The next oldest closing was on September 11, 2009 for $308,000, so you can see the prices fluctuate greatly depending on upgrades, location, end unit versus interior unit, proximity to trains etc.

Here's the link to a grid format of the listings.

http://msx.mlxchange.com/Pub/EmailView.asp?r=1205299611&…
0 votes Thank Flag Link Thu Sep 24, 2009
Rainman,

I read your request and haven't got the time this morning to answer with all the stats, but will get to it later today.

Enjoy the day

Mary
0 votes Thank Flag Link Wed Sep 23, 2009
Marie
You seem to have lot of stats and also solid calculations...
Can you run the latest sale/pricing info for Westgate I and II?
How sales have moved this summer and effect of first time home buyer credit?
0 votes Thank Flag Link Tue Sep 22, 2009
Marie,

Rainman posted the same information he gave below in another post and it is not altogether accurate.

Westgate Phase 1 (Westgate Drive) has had closings since January ranging from $369,000 (a nicely updated unit away from the tracks but sold way out of line with the rest of the sales) to $297.000. The average was $325,000 (even with a sale of $369k factored into the average).

There are several units under contract or in attorney review, which should be closing soon and then we will know what they sold for. If you want more information, contact me and send me your email address. I will be happy to send you the listings so you can see for yourself.

FYI: I have a listing on Westgate Drive which is waiting to close, but it was listed at $337,000 (remodeled kitchen with ceramic floors, granite countertops and a center island, updated baths, finished basement, loft converted to third bedroom with a closet, etc), and
I just closed on a unit on Linda Lane for $337,000. There are two active units listed on Linda Lane for $349,900 and $349,000 respectively.
0 votes Thank Flag Link Tue Jun 23, 2009
It seems the prices have stabilized again- I have not heard of a recent closing that was less than $330K and some homes are still going as high as 355K~ with the quiet zone soon to be in effect at Inman crossing, the rail road noise that was one factor for significant difference in prices of Westgate I vis-a-vis II will not be a factor anymore.

Anyone know why the prices here have found the floor so soon and are not crashing?
0 votes Thank Flag Link Tue Jun 23, 2009
278 WESTGATE Dr Edison NJ 08820 2br 2hba townhouse at Westgate at Edison near Metropark Train Stn just sold under attorney review ... 10-20-08
0 votes Thank Flag Link Tue Oct 21, 2008
11 WESTGATE Dr Edison NJ 08820 2br 2hba townhouse at Westgate at Edison near Metropark Train Stn just sold under attorney review ... 10-20-08
0 votes Thank Flag Link Tue Oct 21, 2008
Oh! by the way 68 WESTGATE DR listed $384,900 but end up closed higher at $385,000, and that's the highest one I am aware of... It must be a very nice unit.
0 votes Thank Flag Link Thu Sep 4, 2008
Dear Maria,

151 WESTGATE DR sold and closed at $365,000
412 WESTGATE DR sold and closed at $365,000
420 WESTGATE DR sold and closed at $357,000
117 WESTGATE DR sold and closed at $367,000
201 WESTGATE DR sold and closed at $353,000
215 WESTGATE DR sold and closed at $359,000
147 WESTGATE DR sold and closed at $347,500
.....

for more info about Westgate, you may check out the Westgate Community Blog@ http://westgatesquare.blogspot.com/
0 votes Thank Flag Link Thu Sep 4, 2008
Dear Missy08, I believe Westgate has only 2br 2hba townhouse, and if you take a look at some units, you will understand why? It is because it has a very high ceiling at living room to 2nd floor that makes the townhouse luxury and very comfortable to live. For more information, you can check out Westgate Community Blog@ http://westgatesquare.blogspot.com/
0 votes Thank Flag Link Thu Sep 4, 2008
Hello, any idea how much a 3 bedroom/2.5 bth unit at Westgate would go for, or if they even have any available? Also, is transportation to NYC within walking distance of Westgate?
0 votes Thank Flag Link Tue Aug 12, 2008
Hello Maria,

I could walk to Westgate from my residence....I live in North Edison myself.

Westgate 2 from Jan 2008 thru today August 11, 2008 2 bedroom units only have closed from range of $361 - $378k NO 3 bedrooms have sold ...that is in Westgate 2. As my Colleague indicated below the condition of the individual unit plays a role as well in determining the price and the location " end unit " vs. inside unit. These units are newer and nicer to most buyers....I currently am working with a purchaser that ONLY wants to purchase in Westgate 2.

Westgate 1 from $315k to $385k they sell for less also only 2 bedrooms.

I hope this was helpful.

Feel free to contact me with addtional questions. I welocme the opportunity to assist you in anyway I can.

Have a nice day

Weanona
weanona@weanona.com
(732) 261-0314
0 votes Thank Flag Link Mon Aug 11, 2008
The units currently on the market in Westgage run from a low of $339,900 to a high of $379,900. All units have 2 bedrooms with the number of bathroom varying from a bath & a half up to 3 full baths. Obviously the condition of the interior (bathroom/kitchen upgrades, wood floors, condition of carpeting, etc..) as well as the number of levels in the unit and locatio of the unit in the development (is it an end unit or not) are key to determining value. I will be happy to provide you with further details on specific listings if you send me your contact information.
0 votes Thank Flag Link Mon Aug 11, 2008
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