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Market Conditions in Guttenberg : Real Estate Advice

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  • Home Buying9
  • Home Selling1
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Activity 7
Thu Jul 14, 2016
Bglaino answered:
I am concern because of the replies given by those that are supposed to have expertise in real estate sales in the area. First of all maintenance is no expensive if you consider that all utilities (electricity & gas) plus an outstanding gym premises are included. For $ 1.000 related to a 1400 sq.feet condo you have all that plus all the advantages of a hotel service. Regarding real estate tax, is not hight either because any other newer building in the area have higher real estate taxes. For an above size condo tax are 8500 annually. Everybody have parking facilities for only $ 120 monthly. In any other similar building when you have to pay your electricity and gas bill separately to the companies you will realize that at the end of the day costs are similar or even higher than those in the Galaxy and furthermore is quite difficult to have parking for that price. Nothing to say regarding the fact that no building in the area has the same gym, pools, spa and so on facilities that Galaxy offers.
Condo prices in Galaxy depends on many factors like condo orientation, views, floor, and obviously condo conditions. If the unit is below 15 th. floor and looking towards the palisade price will be much lower that those of a similar condo above 20 th floor overlooking NYC skyline. Many factors must be taking into account before to define an appraisal value for Galaxy units.
If maintenance and / or real estate taxes are deterrant for some prospective buyers they should look for some other building in the area that, for sure, will not offer the same that Gakaxy does. It's up to them.
With the interior renovation that will shortly take place Galaxy will be, by far, the best place to live in the area taking into account the price - value relation along with what you get living there.
Proprietor 28 C Tower III
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Sun Aug 31, 2014
yhbagis asked:
This question was asked from
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Sat Aug 24, 2013
Andrew Tisellano answered:
It depends on the zoning. What can they build there. I'd say at least 200k
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Wed May 29, 2013
Rhonda Faust answered:
Appeal the taxes, I did and just got a great reduction. Most property. if not ALL in West New York is over valued. Got an attorney to appeal the taxes for me and got $1000 reduction off the annual taxes. ... more
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Sun Oct 12, 2008
Dan answered:
It would be nice to have real estate professionals put some skin in the game and answer questions directly. As a buyer, I would like to know if prices have come down in the Galaxy and by how much over the past month and year. Once prices drop by about 20 to 40% cash buyers will come back into the market. (Read me) It will take years for this recovery to happen. I am looking for price opportunity NOT velocity of sales.
Respectfully submitted
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Fri Aug 8, 2008
Mike answered:
CHARGE HER THE ADDITIONAL FUNDS IN RENT!! That is no such a large amount to pass onto the consumer. Call your friend Mike in NYC for the answer. Good luck!
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Thu Feb 21, 2008
Marc Paolella answered:
Hi Yami,

Appreciation rates for any future time period are impossible to predict. I've been appraising homes in northern New Jersey for over 20 years, and I wouldn't have a clue as to what property values are going to do in the future. In other words, your guess is as good as ours, and you should not make any important decision with regard to a real estate purchase based on a guess on future values by a Realtor. Such a guess would be at best, worthless, and at worst, misleading.

Good luck!
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Market Conditions in Guttenberg Zip Codes