Home Buying in 08817>Question Details

Sarah, Home Buyer in Edison, NJ

IS it good to buy a Town home in Edison manor under $400000?

Asked by Sarah, Edison, NJ Thu Aug 21, 2008

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9
106 MERRYWOOD Dr Edison NJ 08817 2br 2hba townhouse at Edison Manor http://edisonmanor.blogspot.com/ just sold under attorney review at $319,000 ... 11-9-08
1 vote Thank Flag Link Sat Nov 8, 2008
If you look at total 31 building of townhouses at Edison Manor http://edisonmanor.com/EdisonManorMap.JPG you can count total number of units in the community, and surprisingly, there are only one or two units listing for sale... that is to say, this community is very popular. In other words, the community can easy walk to Edison Train Station seem to be one major factor ...
1 vote Thank Flag Link Sat Sep 20, 2008
386 Draco Rd Piscataway NJ 08854 3br 2hba townhouse at Starpoint Piscataway http://starpointatpiscataway.blogspot.com/ near Edison Manor http://edisonmanor.blogspot.com/ and Edison Train Station just sold under attorney review at $379,900 ... 10-13-08
0 votes Thank Flag Link Mon Oct 13, 2008
It seems your question is much easier to answer now since near by 504 WOODHAVEN Dr Edison NJ 08817 http://maps.google.com/maps?f=d&saddr=106+Merrywood+Dr,+Edison… 2br 2ba condo at Woodhaven at Edison http://woodhavenatedison.blogspot.com/ just sold under attorney review at $295,990 ... So a nice 3br 2hba townhome at Edison Manor http://edisonmanor.blogspot.com/ for a bit more seems to be good to buy ...
0 votes Thank Flag Link Wed Oct 1, 2008
If you are also interested in 2br 2hba townhouse at Starpoint near Edison Manor, there are two just available, and one 179 Nebula Rd Piscataway NJ 08854 2br 2hba townhouse just sold under attorney review ...

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From View message header detail PURRPOSE@aol.com
Date Monday, September 22, 2008 11:32 am

it is in attorney review---I have one on draco for 324900

Melisa Takacs
Millennium Interstate Realty
732-203-1500 (o)
732-996-1835 (c)
0 votes Thank Flag Link Mon Sep 22, 2008
By the way, the mortgage rate just collapsed as you can see ... http://www.bankrate.com/brm/graphs/graph_trend.asp?product=1…
0 votes Thank Flag Link Wed Sep 17, 2008
Edison Manor http://edisonmanor.blogspot.com/ can easily walk to http://maps.google.com/maps?f=d&hl=en&geocode=&s… Edison Train Station http://edisontrainstation.blogspot.com/ If you are working in Manhattan, you will find the townhouse in Edison Manor very convenient for you and your family.

Edison Manor often sold out, but once in a while there are one or two units came out due to the fact sellers' families looking to move up to buy bigger home http://riverheightsestates.blogspot.com/

Many owners of townhouses at Edison Manor came from Edison Hollow South condos http://raspberryct.blogspot.com/ which is right next to it http://maps.google.com/maps?f=d&saddr=106+Merrywood+Dr,+Edison… and also a few minutes walk to Edison Train Station. Families there outgrown their families in 1br or 2br condos yet need to walk to Edison Train Stn to commute to work at Manhattan, Jersey City, Nework ... often found Edison Manor Townhouse the best choice for the families and work commute.

Besides, they may still very close to their friends. Besides, Edison Hollow South is currently sold out, and move up families often able to sell their unit and move up to buy townhouses at Edison Manor. e.g. Venu sold his 1631 Raspberry Ct Edison NJ 08817 and bought a townhouse to move up to at Edison Manor.

This also implies that if years later when your family out grown a gain and you buy a bigger home, your townhouse at Edison Manor will be able to sell very quickly, and your investment can hold the value. So, I would say, it is "very good" to buy a townhouse at Edison Manor under $400,000. If over $400,000, you may want to see what kinds of upgrade they have. Since many wealthy families working at Wall St living in this community, many units got very expensive upgrades.

If you do not need to walk to Edison Train Station to commute to work, you may also consider the neighbor townhouses communities such as Victoria Park at Edison http://victoriaparkatedison.blogspot.com/ and Starpoint at Piscataway http://starpointatpiscataway.blogspot.com/ They both have easy shuttle to Edison Train Station, but not as easy walk to Edison Train Station than Edison Manor.

However, Victoria Park Complex has been very desirable and also with recent renovation, the road, park, playgrounds, tennis courts ...etc all so new so shine. and it is right next to Edison Manor. http://maps.google.com/maps?f=d&saddr=106+Merrywood+Dr,+Edison…

Starpoint at Piscataway townhouses have always been very popular, and the community is like Edison Manor, almost always sold out. e.g. this 296 Pegasus Rd Piscataway, NJ 08854 http://starpointatpiscataway.blogspot.com/2008/07/starpoint-… just sold under attorney review a few days ago, and I know at least two dozens friends who told me planning to buy a townhouse there. It is also not too far from Edison Manor. http://maps.google.com/maps?f=d&saddr=106+Merrywood+Dr,+Edison…
0 votes Thank Flag Link Tue Aug 26, 2008
Hi Sarah,

Your question really is too broad to answer properly. I think what you are really trying to find out is if a townhome priced just under $400,000 in Edison Manor is low for that complex. There is not much to go in terms of sales as there has been only 1 sale in Edison Manor over the last year according to the MLS. This was a 2 BR/2.5 Bth for $330,000. There are currently two active listings in Edison Manor. One 3 BR/2 Bth for $399,900 and a 2 BR/2.5 Bth for $319,000.
Call me or e-mail me if you would like further help researching the area or if you would like representation.

Jacobus "Jack" Vollenberg
RE Appraiser/RE Sales Associate
Vollenberg Appraisers/ERA Statewide Realty
Vollenberg@iname.com
Cell (570) 204-9125
0 votes Thank Flag Link Thu Aug 21, 2008
Sarah, I'd be happy to do a pricing analysis for you if you'd like. If you are working with an agent, ask them for their help. The pricing analysis will flush out right away if the unit you are considering is priced properly and also be the source of a good offer range.

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Thu Aug 21, 2008
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