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Mountain Lakes : Real Estate Advice

  • All15
  • Local Info2
  • Home Buying5
  • Home Selling2
  • Market Conditions3

Activity 19
Wed Feb 10, 2016
lakermom asked:
They have it now listed at 50k less than a short sale offer we had 6 months ago, it fell through because we had a 2nd lien holder and the 2 banks couldn't work it out!
0 votes 0 Answers Share Flag
Tue Apr 15, 2014
Debra (Debbie) Rose answered:
Well, since this question was posted over 3 months ago, I hope by now you found your answer!

If not, please add more information so that you can receive a specific answer!!

Best wishes

Debbie Rose
Prudential NJ Properties
... more
0 votes 3 answers Share Flag
Sat Dec 7, 2013
Marcela Moore Iulo answered:
As far as I know Pamela the square footage information is not mandatory in New Jersey as in some other states like NY. Therefore some agents might not include this information in their MLS sheet. If you're concerned that the square footage doesn't seem correct, then I would recommend contacting the town tax assessor's office. They should be able to give you the correct information. I've found that some of the websites are not as accurate. I would recommend that a buyer do their due diligence when seriously considering purchasing a home. ... more
0 votes 5 answers Share Flag
Fri Sep 13, 2013
Erin answered:
Double shower and a large tub in the kids/guest bath. The the tub in our master bath never gets used, just one more thing I have to clean!
2 votes 1 answer Share Flag
Mon Jul 29, 2013
Maple Way answered:
The Village is the BEST!!! We've lived here over 13 years and wouldn't trade it for anything! Lots of kids, lots of dogs, lots of friendly people, lots of fun and laughter. We receive all the benefits (and there's MANY) of ML at a lower entry fee and lower taxes. Look past the house, buy the best location available. Remember, you're buying the people (yes, we have our nuts, but they too are lovable) the lifestyle and all ML has to offer! Fix the house to make it your own. Feel free to stop by...20 Maple Way ... more
0 votes 5 answers Share Flag
Sun May 26, 2013
Murray Robertson answered:
I live in Mt Lakes and can tell you that the residents work for a broad range of companies and industries. Pharmaceuticals are common, there are many who work in the financial / banking industries, many doctors, lawyers, dentists, wall street guys.
Direct rail service is in nearby Denville; I know a bunch of guys who go to NYC on a daily basis, many drive to Hoboken and take the Path from there.
I'm not aware of any published statistics but I'd guess maybe 25% of the residents commute to NYC on a daily basis.
... more
0 votes 4 answers Share Flag
Fri Jun 8, 2012
Lynda Hester-D'Orio answered:
Realtors get this question often when potential sellers refer to automated estimates they can get off of websites. My advice to you is to invite me in to give you a complimentary market analysis. An experienced realtor will give you the picture of the current marketplace, provide you a personalized marketing plan and give you the best idea of what your home can sell for.
The algorithms used in these boiler plate programs are no substitute for a professional who sees all the inventory and knows where your home would stand in the market and what has recently sold and how it would impact your sale.
Please call on me if you would like to consider using a top Realtor in your area to represent you. I'd be happy to discuss your home in detail.
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0 votes 9 answers Share Flag
Wed Feb 9, 2011
Bob Brubaker answered:
Colleen: The most useful way to look at this is : What are you trying to communicate abou tthe water
supply? That the property is served by the same water server as everybody else in " Ajax "
county makes it "public " label "county water " or "water authority " or "City Water " or" Public
Utility "(privately owned monopoly ). You are not writing a propectus . You are trying to make
"unique arrangements " clear . Our purpose should always be to disclose something the
observer wouldn't be able to know. Private Wells, Community Association common well "
or any arrangement not generally avaiable is "private " and you might be best served to
elaborate in remarks what's involved. "Private " raises water quality issues,rate structure
concerns,expected reliability and or owner exposure if a " Co-operative ". Disclosure ,
disclosure, disclosure. Thank God for in- house plumbing and water service!

... more
0 votes 5 answers Share Flag
Wed Feb 2, 2011
John Harris answered:
how long do you think they will have to wait for some "appreciation" based upon current market conditions? Do you think the buyer might be overpaying for the home if secondary financing is required? Do you think they may be putting themselves in a position where they may lose the home at some point in the future if there is not an upward move in the market? Why don't the buyers look at something more affordable for them. Lots of questions arise when people are taking seconds in this market. ... more
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Thu Jan 27, 2011
Colleen Labow answered:
In Mt. Olive Twp., Benjamin Moore, Inc. located on Rt. 206 South just finished installing solar panels that are expected to reduce their energy costs by over 50%. Here's one link to the story:

The "word on the street" so to speak is that the ToysRUs Warehouse located just off of 206 South, just a little past Benjamin Moore is also looking into installing solar panels on their building to help reduce energy costs

Wind turbines have improved over the past few years and are also great sources for alternative energy, however, as I understand it, you have to have consistant wind of 8mph for them to work as intended.

Regardless of what types of alternative energy sources you may want to utilize, always check with the zoning department of the town your home or business is located in to make sure if you need to have any special permits or perhaps if you may need to apply for a waiver of current zoning laws.
... more
0 votes 4 answers Share Flag
Sat Jan 8, 2011
John Harris answered:
So Murray, did you get the answer you were looking for? Charming means "work to be done" and most people want a "move in" condition, so ........who wins? older and charming or energy efficient? ... more
0 votes 16 answers Share Flag
Mon Nov 29, 2010
John Harris answered:
0 votes 4 answers Share Flag
Wed Nov 17, 2010
Robert Garver answered:
This is one of the many reasons why it is important to work with a local Realtor who has their ears open at all times. Often we hear of soon to be sellers who are starting to think about listing their homes. In these cases, if we have buyers who we know would be interested, it is possible to arrange to show them the house before it even comes on the market. ... more
0 votes 8 answers Share Flag
Wed Oct 20, 2010
Jeanne Feenick answered:
Hi there, while I can't comment specifically on Mountain Lakes, I can comment on the peer pressure that kids experience - let me start by saying that it is hard to escape the affluence of the NE experience, particularly in NYC commuting towns. I've raised two children here, worried about this same issue, and watched them struggle now and then,but the wonderful thing is young adults they are very centered and down to earth, almost defiantly so (like their Mama ;-) I like to think!). They can hold their own in any crowd, socially and academically but remain true to themselves - and we are middle class hard working people. My advice is this - your children will look to you - stay grounded yourself and they will too.

If you feel comfortable in a community - your children probably will as well. Take your time, immerse yourself in the community - do some grocery shopping there, walk the streets a little, visit a park or two, talk to people - allow yourself to get the feel of it. Here is one suggestion, I apply the "do they wave back" test when I visit a community with buyers. I wave, and I watch and take note - if people acknowledge me, smile and wave back, I take it as a very good sign. If they don't, that makes a real impression as well.

When all is said and done, the best advice is this - trust your instincts - no one knows you or what is "home" to you better than you do.

Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 6 answers Share Flag
Sun Oct 17, 2010
Monir Mamoun answered:
I have posted a blog on two new listings for sale in Mountain Lakes. Anyone who wishes to buy can call me at 201-486-2974.
0 votes 4 answers Share Flag
Wed Oct 13, 2010
Francine Craven answered:
Unlike a recreational community such as Smoke Rise in Kinnelon, Mountain Lakes taxes include a full range facilities:lakes, ice-skating, tennis etc at no extra charge (included in the taxes. It also has a long-standing tradition of educational excellence that is nationally recognized and commutation ease: train, bus and highway system. So, the answer is quite simply, what are your priorities in searching for a home? If you are looking, for example, for new or newer, construction, it is unlikely that this is the community for you.

Francine Craven, Broker/Associate
Re/Max Lakeland Realty
... more
0 votes 8 answers Share Flag
Wed Sep 22, 2010
Monir Mamoun answered:
The Hill is quite popular. However, you really should focus on the lifestyle you are looking for. Keep in mind there are many different kinds of homes in Mountain Lakes, ranging from the popular Hapgoods to the cape cod style of the village area to be a good fit, and of course the more expensive lake zone. But consider this - the Hapgoods are charming, but older with special maintenance needs; the lake homes are upscale and on the water, but you may not like dealing with the driveways in winter if you live there year round; and the newer homes give you all the modern amenities, even such features as radiant heat and modern computer wiring, though are not as distinctively "Mountain Lakes" in nature. So give more thought to what you'll LOVE to live in - that's your best bet to save time and improve your chance for happiness. ... more
0 votes 8 answers Share Flag
Thu Aug 5, 2010
John Harris answered:
Results! Honesty, trust, knowledge, but that being said, sellers want results!
1 vote 4 answers Share Flag
Thu Jul 1, 2010
Weichert Realtors answered:
Key Market Statistics Week Ending 6/29/2010 for Long Hill Township are Total Listings 66, Under Contract Last 30 days 3, Absorption rate 22.0 months. Regards,
0 votes 3 answers Share Flag
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