Home Buying in Edison>Question Details

Tapak, Home Buyer in 08817

Which area in Edison would get me 3 bed / 2 bath condo for $200K. I have 2 schooling going kids (Middle

Asked by Tapak, 08817 Sun Feb 24, 2008

school and Elementary school). Good schools is a "must have" for me. Being an Asian, I prefer to live in Asian populated communities. I am not in rush and can wait to accommodate timeline of someone who wants to sell between now and a year from now.
Thanks in advance for replies.


Help the community by answering this question:


Dr Cheng,
Thank you for detailed response. I see that the listings are pretty much detailed. I will immediately proceed with getting loan pre-approval in place as I am looking to relocate early summer. I am not sure how long would it take to complete the loan process and eventually closing of property.
1 vote Thank Flag Link Tue Feb 26, 2008
A 3 bedroom/2 bath in Edison at this price will be a rare find. If you want a list of available properties, you can email me or search at our website.

Deborah Madey - Broker
Peninsula Realty Group
1 vote Thank Flag Link Tue Feb 26, 2008
Deborah Madey, Real Estate Pro in ,
Yes, you can get a 3br 2ba condo at Mill Pointe Edison for about $200k+ as you can click the current MLS CMA grid to see for yourself ... http://msx.mlxchange.com/Pub/EmailView.asp?r=1854614169&…

Mill Pointe is a very nice condo community, right next to Middlesex County College as you can find out more details from Mill Pointe Community Blog@ http://millpointe.blogspot.com/

There are only one or two 3br 2ba condo available because the housing is very tight in the area due to the wonderful school district. e.g. Middlesex Academy of Science based on Middlesex County College just won #1 in NJ Science League Physics competition over hundreds of all other high schools in NJ. So, if you live in the area, you are guaranteed that your kids someday can "walk to" one of the best high school in NJ.

One reason the price is good is that another side of Middlesex County College is building luxury condo and townhouses, and many Mill Point owners move up to buy there, once those new condo/townhouses sold out, the price of Mill Pointe may come back up again.

Another reason is that Mille Pointe is always the best price in Edison area due to the fact it is smallers, fewer sq ft, but for people relocating from out of state, you should find it sufficient for yeas to come.

Do not move over too many furnnitures, as you can buy here from Jose at 732 979-9100 (cell) at warehouse price. So, it does not worth the shipping cost, just place for sale in craigslist there to sell them before you move.
1 vote Thank Flag Link Tue Feb 26, 2008
Currently, I am located in Austin, TX. It would be difficult for me to judge the specific area in Edison without staying there for few months. Are there properties available with option of rent to buy?
I am bit confused with response here and obviously have undermined the Edison market by quite a big margin.
1 vote Thank Flag Link Mon Feb 25, 2008
Few weeks ago, I saw a condo in MillPointe Complex with 2bed condo for 180K and 3 bed condo for 214K. You may disagree with me since I don't have active links to those offerings.
1 vote Thank Flag Link Mon Feb 25, 2008
Apparently, it is a great time for investors to buy in the community. 369 College Dr is closed and renovated and now listing for rent at $1,500 by the new owner ... http://msx.mlxchange.com/Pub/EmailView.asp?r=1277441577&…
0 votes Thank Flag Link Sat Nov 15, 2008
369 College Dr Edison NJ 08817 3br 2ba condo just sold and closed at $215,000 ... 11-12-08 (was listed $229,000)
0 votes Thank Flag Link Wed Nov 12, 2008
wow! Dow Johns jump another 899 points yesterday ...

and I saw this 3br 2ba condo at Mill Pointe seems to be a steal ... http://www.realtor.com/search/listingdetail.aspx?loc=08817&a… listed by an inexperienced realtor ... when you got realtor like this very good at scaring seller, you got a steal. Good luck ...
0 votes Thank Flag Link Wed Oct 29, 2008
So, the so-called financial crisis is of the past since today, why? Dow jump 900+ points over 11%, the highest single day jump since Great Depression... You will see this in the next months or years when you look back.

Also, the hike of the oil and gas price is also of the past since July as you can see the collapsed of the gas price ... http://www.newjerseygasprices.com/index.aspx?&area=Edison this also signal all the oil priced related problems are of the past, that also include the big drop on US trade deficit, why? the US no longer need to pay much of the cost of oils.

Dear Tapak, if you were not the buyer who bought this 3br 2ba condo at Mill Pointe, that means, there are many more buyers other than you already acting to grap a nice condo at great price in great location such as Edison that was ranked #35 of Top 100 Best Places to Live in American by CNN Money Magazine ... http://money.cnn.com/magazines/moneymag/bplive/2008/snapshot…

Dear Deborah, If you or any of your dozens of realtors who specialized in Mill Pointe http://millpointe.blogspot.com/ , please do not hesitate to refer them here and post cma grid (one liner, on unit per line) of all units of Mill Pointe with A,AR,U and C for past 12 months, and the associated 8-picture link with the realtor's photo, cell and email so that many buyers who are going to buy at Mill Pointe can be best served ... and contact you.

As you know, every featured units at Mill Pointed http://millpointe.blogspot.com/ sold, and there are many owners in the community are looking to move up to buy bigger townhouses or single family homes, so if you and your dozens of realtors would be able to help hundreds of first time buyers flooded in to the community, you will also surprisedly find out many move up buyers you created ...
0 votes Thank Flag Link Mon Oct 13, 2008

I would consider you market watcher. You can receive, from many different agents, automatic email alerts when new properties come on the market that fit your criteria. For someone like you, who seeks to buy in the future, these auto alerts allow you to keep an eye on the market hassle free. If you have identified an agent you wish to work with, you can ask about this. We offer this service, also.

Deborah Madey - Broker
Peninsula Realty Group - New Jersey
0 votes Thank Flag Link Fri Oct 10, 2008
Deborah Madey, Real Estate Pro in ,
Dr. Cheng,

I haven't been able to proceed due to issues with length of history on my credit. My credit score was found good but I was told that my length of history isn't long enough to get loans at lower interest rates, so I decided to procrastinate my purchase decision for some more time. It seems that I took a good decision at that time. Looking at the current financial crisis, I think [I might be wrong] the downslide has just begun. I have definitely put off my house purchase plan until I see good signs of economy. I am on working visa and don't want to risk in this current market, since loss of job would mean to me - "pack bags and go home".

0 votes Thank Flag Link Fri Oct 10, 2008
367 COLLEGE Dr Edison NJ 08817 3br 2ba Condo at Mill Pointe near Metuchen Train Station right next to Middlesex County College just sold under attorney review ... 10-10-08

Dear Tapak, did you buy this nice unit? It seemed to match all your criteria ...
0 votes Thank Flag Link Fri Oct 10, 2008
There are also many yahoo groups related to Middlesex County College which is right next to Mill Pointe Condo Community as you can click to see ... http://groups.yahoo.com/search?query=middlesex+county+colleg…

There are many activities at MCC are open to the community and public, so you may find some interested you or your family. If you take some course, you shall find MCC has lots of resources open to you.

Your kid may also be able to take some summer courses at MCC if they are very aggressive or just audit, or just visit the library and student center.

After you move to Mill Pointe, some info may be needed such as PSE&G the NJ gas and electric company and you can open account online easily http://pseg.com/

Another one is high speed Internet and cable that Cablevision is one http://www.cablevision.com/ that also have many channels to Asian countries if you like.

For condo, the water and garbage ...etc normally included in the monthly maintenance fee, so not need to worry seperatedly.

There is huge BJ's Warehouse Club http://www.bjs.com/ nearby http://www.google.com/maps?f=d&hl=en&geocode=5444592… that you will find your family visit every week or two, very handy and affordable price. The tire service is fanastic, free mounting, free flat repairs, free inflation presure check, free new rubber valve stem, free lift time balance and rotation, free road hazard warranty.

You will also find Woodbridge Center Mall very family friendly and you may visit often http://www.google.com/maps?f=d&hl=en&geocode=2929721… and another luxury Menlo Park Mall is also very closeby ... http://www.google.com/maps?f=d&hl=en&geocode=1012726…

With 2 school kids, you may find Liberty Science Center http://www.lsc.org/ a wonderful place that it just expanded and renovated recently within 30 minutes high way access from Mill Pointe http://maps.google.com/maps?f=d&hl=en&geocode=107212… which has a Dome IMAX Theater which is the best in Greater New York City area. If you join the membership, you can also visit over 200 museums free.

When you visit the area, you can book nice 3* hotels thru http://priceline.com with $45 to get nice Sheraton at Edison, you can bid up to 14 nights each time. You may also get 2.5* Hilton Garden Inn and 2.5* Clariton Hotel for $35+, may be a few dollars more. $35 is the absolute minimum bid I know of.
0 votes Thank Flag Link Tue Feb 26, 2008
You are very welcome. And if you check on realtor.com http://www.realtor.com/search/listingdetail.aspx?zp=08817&am… Michael (732) 536-9300 is the listing agent on that $200,000 3br 2ba condo at Mill Pointe 367 COLLEGE Dr, Edison NJ 08817. Michael should be able to tell you the first hand info about this unit.

It normally would take as short as 4 to 5 weeks, but could be longer. If you work with Michael, the listing agent directly, the process may be faster...

As to the mortgage, the rate is quickly surging back up, so you may want to catch it as you can click to see http://bankrate.com/brm/graphs/graph_trend.asp?tf=180&ct…

By the way, Deborah is ranked #1 in Trulia Realtors, and her words confirm that this is the best deal in town. John is also top realtor in East Brunswick, and his words second to the deal.

Also, Jose 732 979-9100 (cell) is nearby, if you need handy man to do painting or upgrade, he is pretty much reliable. His son just replaced my tenant's lock.

If you have any auto service need, you can always give Tracy a call at 917 669-8209 (cell), her husband Peter used to work at Toyota Avenel as #1 mechenics, now has a 8 car bay at home nearby. I found Peter great in a sense, he also work on Sundays, so when all dealers close, he can still help you.
0 votes Thank Flag Link Tue Feb 26, 2008
O.k, now seriously... you can find a 3 bedroom 3 bath in Edison starting at about 330,000 list price and up to 650,000 - Where did you hear of townhouses or condo's in Edison selling for 200k?

Maybe if you look on craigslist or something you may get a FSBO for 300.. but 200k ?

Not going to happen.

If you want a more realistic view and are looking to buy let me know, I can show you what is happening in Edison.
0 votes Thank Flag Link Sun Feb 24, 2008
Woo - If you find that 3 bedroom 2 bath for 200k sign me up and I'll buy one too!
0 votes Thank Flag Link Sun Feb 24, 2008
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