Considering a house near train tracks in iselin, NJ

Asked by Loveneet, 07302 Wed May 11, 2011

We are considering a house near train tracks (40 mts) and busy street -green street, iselin price 535k (2010 built)pls advice if its a good buy? we wrk in city and it is walkable to train station and close to GSP . other houses in the rear went for high price 600 . any pros or busy is that street during eve/nght. Also if we wud experience prob selling the house later ( not before 10 yrs though)
Thank you

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Akhila Aneja, Agent, Metuchen, NJ
Tue Sep 20, 2011
i think i know the community u are talking about. this is a buyer's market. you can buy a home for the same price in a better location.
0 votes
Brian Kim, Agent, Edgewater, NJ
Fri May 13, 2011
Metropark has the 2nd busiest train station on the east coast only behind Penn station New York. Iselin is a transporation hub of intersecting highways. Green Street is busy today and will only get exponentially worse as the years go on. Location as Richard described is the most important factor in buying real estate. With Home Depot right around the corner, you can always improve your house however your address will never change. The allure of buying a house on Green Street today is that its almost a brand new house. When you go to sell in 10 years, it will be an 11 year old house on a busier street. Its a buyers market today. The ball is in your court. Why settle for a house on a busy street?

Brian Kim
Broker Associate
RE/MAX Competitive Edge
177 Washington Valley Road
Warren NJ 07059
Cell(732) 887-9657
0 votes
Rick Ambrose, Other Pro, Sarasota, FL
Thu May 12, 2011
Location Location Location!!!!!! - You should NOT buy next to train tracks, commercial properties, on double-yellow line busy streets IF you can avoid it. All of these aspects will hurt your resale in the future. The only way you should consider this property is if it is a tremendous value priced WAY under market - or you intend to rent it out.
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0 votes
Sandra, , New Jersey
Wed May 11, 2011
Hi Loveneet,

Canvass the neighborhood for traffic conditions. Talk to to neighbors. Reducing fuel and transportation is on the minds of all. If the house is within your price range, and offers the strong qualities that you're looking for, seize the opportunity.
0 votes
Will Frank, Other Pro, Irvine, CA
Wed May 11, 2011
A true appraiser may bring down the value due to external obsolescence. I lived in NJ . If I were you I'd visit the house a few times at night to see how bad the train noise or vibrations is or isn't. Unless you think those tracks will not be used anymore.
0 votes
Sunil Ramnani, Agent, KEYPORT, NJ
Wed May 11, 2011
Is this a new home on Green St or a Resale ?
Green St. is a county rd and thus the flow of traffic is likely all day
and heavier at peak times. Convenience of the roads and train sta.
is a great benefit here. What is the Square footage of the homes
mentioned in your ???? and what upgrades,,, what are other features?
Answers on these will help the pricing.

You may feel free to reach me at 732 619 8861.

Sunil Ramnani
MillenniuM Interstate Realty
Ofc: 732 203 1500
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