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House Passes Garrett Amendment to Bar DOJ from Applying Disparate Impact

Analysis of Latest House Action on Disparate Impact

Monday, Jun. 08, 2015, 11:41 AM UPDATED 11:49 AM

By SubPrime Auto Finance News Staff

CRYSTAL LAKE, Ill. –

Automotive Compliance Consultants insisted that contrary to recent developments on Capitol Hill, the U.S. House of Representatives’ vote to eliminate the Department of Justice’s use of disparate impact does not negate the Consumer Financial Protection Bureau’s use of the legal theory in auto finance cases.

The firm went on to say that the possibility of the CFPB leveraging disparate impact will not disappear even if the bill passes the Senate and is not vetoed by President Barack Obama.

Automotive Compliance Consultants general counsel David Missimer explained that he spotted several media reports highlighting how the House passed an amendment to H.R. 2578, the Fiscal Year 2016 Commerce, Justice, and Science Appropriations Act, that would bar the Department of Justice from using funds for litigation in which the regulator seeks to apply the disparate impact theory.

Missimer went on to mention that his research uncovered discussions about the significance of the amendment to the use of disparate impact by the CFPB to support actions in auto finance.

David Missimer

“The amendment to H.R. 2578 will have no effect on the CFPB’s use of the legal theory in auto finance,” Missimer said. “The reason for this is the amendment is limited, and only bars the use of appropriated funds by the Department of Justice to bring Fair Housing Act enforcement actions that rely on an allegation of liability under the HUD Disparate Impact Rule.”

The bill was introduced by Rep. Scott Garrett, a New Jersey Republican. Garrett stated that in recent years, the Department of Justice has pursued and obtained large legal settlements from finance companies, landlords and insurers in discrimination lawsuits using the dubious legal theory of disparate impact.

“Disparate impact liability allows the government to allege discrimination on the basis of race or other factors based solely on statistical analyses that find disproportionate results among different groups of people, regardless of evidence of actual discriminatory actions or intent,” Garrett said. “Instead of making decisions based on neutral standards of creditworthiness, lenders must consider these demographic factors or risk running afoul of the Justice Department.”

The amendment voted on states that none of the funds made available in the act may be used by the Department of Justice to enforce the Fair Housing Act in a manner that relies upon an allegation of liability under section 100.500 of title 24, Code of Federal Regulations (rule prohibiting discriminatory effect).

“While everyone agrees that discrimination has no place in the lending practices of any respectable institution, the application of disparate impact theory has had devastating impacts on law-abiding businesses who have diligently maintained fair and consistent lending standards,” Garrett said.

“The federal government should be encouraging sound business practices, not punishing those that utilize them,” he continued. “I thank my colleagues for taking a stand for small businesses and reinstating equal protection under the laws as guaranteed in our Constitution by the Fourteenth Amendment.”

While the development might be beneficial to the housing market, Missimer reiterated that it’s not the auto finance players who disagree with the use disparate impact might be seeking.

https://www.autoremarketing.com/subprime/analysis-latest-house-action-disparate-impact

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Ridgewood Land Use Plan Element of the Master Plan – Vote Results

master_plan_vote_theridgwoodblog

PLANNING BOARD PUBLIC MEETING NOTICE/AGENDA

Tuesday, June 2, 2015

Village Hall Court Room– 7:30 P.M.

(all timeframes and the order of agenda items below are approximate and subject to change)

  1. 7:30 p.m. – Call to Order, Statement of Compliance, Flag Salute, Roll Call – In accordance with the provisions of Section 10:4-8d of the Open Public Meetings Act, the date, location, and time of the commencement of this meeting is reflected in a meeting notice, a copy of which schedule has been filed with the Village Manager and the Village Clerk, The Ridgewood News and The Record newspapers, and posted on the bulletin board in the entry lobby of the Village municipal offices at 131 North Maple Avenue, and on the Village website, all in accordance with the provisions of the Open Public Meetings Act.

 

Roll call: Aronsohn, Bigos, Knudsen, Nalbantian, Joel, Reilly, Dockray, Peters, Thurston, Altano, Abdalla

 

  1. 7:35p.m. – 7:40 p.m. – Public Comments on Topics not Pending Before the Board

 

  1. 7:40 p.m. – 7:45 p.m. – Committee/Commission/Professional Updates for Non Agenda Topics; Correspondence Received by the Board
  2. 7:45 p.m. – 10:15 p.m. – Public Hearing: Land Use Plan Element of the Master Plan AH-2, B-3-R, C-R and C Zone Districts
  3. 10:15 p.m. – 10:30 p.m. – Approval of Minutes: June 2, 2014; May 20, 2014
  4. 10:30 p.m. – 11:00 p.m. – Executive Session (if needed)

 

  1. Adjournment

 

In accordance with the Open Public Meetings Act, all meetings of the Ridgewood Planning Board (i.e., official public meetings, work sessions, pre-meeting assemblies and special meetings) are public meetings, which are always open to members of the general public.

 

         Members: Mayor Paul Aronsohn, Nancy Bigos, Councilwoman Susan Knudsen, Charles Nalbantian, Richard Joel, Kevin Reilly, Wendy Dockray, Michele Peters, David Thurston, Isabella Altano, Khidir Abdalla

        

Professional Staff: Blais L. Brancheau, Planner; Gail L. Price, Esq., Board Attorney; Christopher J. Rutishauser, Village Engineer; Michael Cafarelli, Board Secretary

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We are Number 1 NJ ranks No. 1 in people leaving state

for sale Ridgewood_Real_Estate_theRodgewopodblog

June 8,2015
the staff of the Ridgewood blog

Ridgewood NJ, Sixty-five percent of moves in New Jersey are moving moving out of the state. Yes New Jersey is number one, but it’s nothing to proud of.

According to the 2014 Annual National Movers Study, New Jersey has the most number of people leaving the state.Last year, 65 percent of moves in New Jersey were people leaving the state.

In a News 12 New Jersey poll earlier this year  ; when asked residents who thought they would be leaving why the bulk of the respondents said the reason for the move is property taxes .

 

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NJ Transit home value map: Where can you afford to buy property?

bike_at_rtrainstation_theridgewoodblog

By Carla Astudillo | NJ Advance Media for NJ.com
Email the author | Follow on Twitter
on June 08, 2015 at 11:31 AM, updated June 08, 2015 at 11:52 AM

Near what NJ Transit stops can you afford (and not afford) to buy a home?

The map below shows how much a home is worth surrounding every NJ Transit stop in New Jersey.

We found the median home values using Census data for the immediate area surrounding the train stops. For the stops in non-residential areas, like Newark Airport, we used the closest Census block to the stop.

Note: The bigger the circle stations are, the higher the home value.

Keep in mind is that home values around New Jersey train station stops are generally higher than areas further away.

https://www.nj.com/news/index.ssf/2015/06/nj_transit_home_value_map_on_which_stops_can_you_a.ht

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Ridgewood Open Houses for June 7,2015

realestate_forsale_theridgewoodblog

file photo

$399,000 in Ridgewood
MLS # 1520828
383 Berkshire Rd, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, C/C
John Vaughan, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
12

$439,000 in Ridgewood
MLS # 1522174
469 Northern Pkwy, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
16

$468,000 in Ridgewood
MLS # 1518425
35 Garfield Pl, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath, Col
Michael Machinski, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 6/7
Open House: 1:00 P.M. – 5:00 P.M. Sun. 6/14
18

$479,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
23

$509,000 in Ridgewood
MLS # 1521017
159 Hampton Pl, Ridgewood, NJ 07450
2 Bedroom, 1 Full Bath, Ranch
Ana O’Callaghan, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
14

$529,000 in Ridgewood
MLS # 1509389
228 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Monis Young, Broker
Exclusive Properties Realty, LLC
Open House: 1:00 P.M. – 3:00 P.M. Sun. 6/7
22

$550,000 in Ridgewood
MLS # 1521335
647 Ellington Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
16

$569,000 in Ridgewood
MLS # 1515823
224 S Maple Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, 2Fam
Debra DeSena, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
20

$569,000 in Ridgewood
MLS # 1515827
224 S Maple Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, Ranch
Debra DeSena, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
20

$589,000 in Ridgewood
MLS # 1520950
243 W Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gregory Earnshaw, Sales Associate
McBride Agency, Inc.
Open House: 1:00 P.M. – 3:00 P.M. Sun. 6/7
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.ALf2HS84.dpuf

$599,000 in Ridgewood
MLS # 1519806
251 Steilen Ave, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Diane LoDrago, Sales Associate
Weichert Realtors, Wayne
Open House: 1:00 P.M. – 5:00 P.M. Sun. 6/7
12

$619,000 in Ridgewood
MLS # 1518562
251 Emmett Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
19

$649,000 in Ridgewood
MLS # 1519576
415 E Saddle River Rd, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Col
Denise Bizet, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
24

$659,000 in Ridgewood
MLS # 1516349
545 Nagle St, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, S/L
Agnes Broderick, Sales Associate
Berkshire Hathaway Home Services Abbott Realtors-HoHoKus
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
21

$679,900 in Ridgewood
MLS # 1522003
337 Bogert Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Col
Alina Nolan, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$699,000 in Ridgewood
MLS # 1510329
615 Grove St, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath,
1 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
14

$719,000 in Ridgewood
MLS # 1520937
340 Eastbrook Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Janet Mason Budgar, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
22

$749,000 in Ridgewood
MLS # 1519494
836 Norgate Dr, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, C/C
Avi Zvulun, Sales Associate
RE/MAX Property Center
Open House: 2:00 P.M. – 4:00 P.M. Sun. 6/7
16

$799,000 in Ridgewood
MLS # 1515527
470 E Saddle River Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, S/L
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 12:00 P.M. – 3:00 P.M. Sun. 6/7
25

$829,000 in Ridgewood
MLS # 1522124
203 Emmett Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Kathleen O’Connor, Sales Associate
Maureen Kuntz, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.ALf2HS84.dpuf

$879,900 in Ridgewood
MLS # 1522015
218 W Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Laura Gill, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
18

$919,900 in Ridgewood
MLS # 1519728
107 Liberty St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Contp
Jane Ferlanti, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
20

$998,000 in Ridgewood
MLS # 1521030
21 Theyken Pl, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath, Col
Joseph M. Hurley, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,099,000 in Ridgewood
MLS # 1518579
521 W Saddle River Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Michele Italia, Sales Associate
Berkshire Hathaway Home Services Abbott Realtors-HoHoKus
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,100,000 in Ridgewood
MLS # 1520745
352 Hillcrest Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
David H. Larsen, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 3:30 P.M. Sun. 6/7
25

$1,149,000 in Ridgewood
MLS # 1522106
224 Lincoln Ave, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 6/7
25

$1,150,000 in Ridgewood
MLS # 1522388
729 Mary Ann Pl, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, Col
Carolyn Strittmatter, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,195,000 in Ridgewood
MLS # 1520223
141 John St, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath, Col
Angele Ekert, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,249,900 in Ridgewood
MLS # 1508087
365 Heights Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Caren White, Sales Associate
Marron Gildea Realty, Inc.
Open House: 1:00 P.M. – 3:30 P.M. Sun. 6/7
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.ALf2HS84.dpuf

$1,450,000 in Ridgewood
MLS # 1521212
51 N Hillside Pl, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Rose Hueneke, Broker Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,495,000 in Ridgewood
MLS # 1510354
427 Spring Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jane Certo, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 6/7
25

$1,779,000 in Ridgewood
MLS # 1512651
22 S Hillside Pl, Ridgewood, NJ 07450
6 Bedroom, 3 Full Bath,
2 Half Bath, Col
Jennifer M. Parsekian, Broker
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
25

$1,995,000 in Ridgewood
MLS # 1522012
210 Heights Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 6/7
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.ALf2HS84.dpuf

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Reader says Ridgewood Needs Senior Housing not Assisted Living

MTM-SW-ManhattanMelodies

They should do that in Ridgewood instead of the assisted living facility the Kensington which is like a hospital and would involve over-the-top amount of traffic. Several shifts during the day. and night, Kensington will house over 90 residents and each resident including food preparation and basic need care will need about five staff members per resident.

Also additional medical staff on premises. Remember were talkin people who cannot take care of themselves PLUS Alzheimer residents, dementia residents.There is a new assisted living being built in Wyckoff at The Christian Health Care facility. Plus there are lots of other places.

Senior housing is the way to go in Ridgewood.

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Ridgewood Open Houses for May 31st 2015

1517971

$1,750,000 in Ridgewood

$399,000 in Ridgewood
MLS # 1520828
383 Berkshire Rd, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, C/C
John Vaughan, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/31
Open House: 1:00 P.M. – 4:00 P.M. Sun. 6/7
12

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/31
4

$425,000 in Ridgewood
MLS # 1507656
140 Bellair Rd, Unit N, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Condo
Donna Dever, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/31
25

$450,000 in Ridgewood
MLS # 1520878
256 N Walnut St, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Marilyn Nuber, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
12

$489,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
23

$499,800 in Ridgewood
MLS # 1520886
387 Berkshire Rd, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Jolanta Krygier, Sales Associate
Prominent Properties Sotheby’s International Realty-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
16

$499,900 in Ridgewood
MLS # 1518726
277 Oak St, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Ranch
Shu-Jen Su, Sales Associate
Full Service Realty, LLC
Open House: 2:30 P.M. – 5:30 P.M. Sun. 5/31
25

$509,000 in Ridgewood
MLS # 1521017
159 Hampton Pl, Ridgewood, NJ 07450
2 Bedroom, 1 Full Bath, Ranch
Ana O’Callaghan, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.Yt9r2WhO.dpuf

$529,000 in Ridgewood
MLS # 1509389
228 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Monis Young, Broker
Exclusive Properties Realty, LLC
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/31
22

$530,000 in Ridgewood
MLS # 1513382
282 Cedarcroft Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath, S/L
Daniel Brozyna, Broker Associate
Weichert Realtors, West Milford
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/31
24

$569,000 in Ridgewood
MLS # 1513495
273 Mulberry Pl, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, S/L
Christine Aderhold, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
21

$599,000 in Ridgewood
MLS # 1521034
890 Hillcrest Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Edward Rao, Broker
Terrie O’Connor Realtors/Wyckoff
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
16

$619,000 in Ridgewood
MLS # 1518562
251 Emmett Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
19

$619,000 in Ridgewood
MLS # 1519806
251 Steilen Ave, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Diane LoDrago, Sales Associate
Weichert Realtors, Wayne
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/31
12

$699,000 in Ridgewood
MLS # 1519538
441 Linwood Ave, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
2 Half Bath, Col
Nancy Slott, Sales Associate
Marron Gildea Realty, Inc. Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
17

$719,000 in Ridgewood
MLS # 1520937
340 Eastbrook Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Janet Mason Budgar, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
22

$769,000 in Ridgewood
MLS # 1520266
587 Spring Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Elizabeth Coleman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$775,000 in Ridgewood
MLS # 1513774
415 Fairfield Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Cathy Banu, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/31
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.Yt9r2WhO.dpuf

$799,000 in Ridgewood
MLS # 1515527
470 E Saddle River Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, S/L
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$799,000 in Ridgewood
MLS # 1520837
314 Wastena Ter, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, Col
Jennifer Casper, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$824,900 in Ridgewood
MLS # 1518501
250 Mulberry Pl, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Ranch
Josephine Wagner, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$919,900 in Ridgewood
MLS # 1519728
107 Liberty St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Contp
Jane Ferlanti, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
20

$959,000 in Ridgewood
MLS # 1518640
497 Alpine Ter, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jennifer Brito, Sales Associate
Gilsenan & Co.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
23

$1,100,000 in Ridgewood
MLS # 1520745
352 Hillcrest Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
David H. Larsen, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$1,195,000 in Ridgewood
MLS # 1520223
141 John St, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath, Col
Angele Ekert, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$1,200,000 in Ridgewood
MLS # 1513395
536 Highland Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
2 Half Bath, Col
Kimiko Miller, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$1,227,000 in Ridgewood
MLS # 1520954
454 Summit St, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Beth Freed, Broker Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
24

$1,249,900 in Ridgewood
MLS # 1508087
365 Heights Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Caren White, Sales Associate
Marron Gildea Realty, Inc.
Open House: 12:00 P.M. – 3:00 P.M. Sun. 5/31
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.Yt9r2WhO.dpuf

$1,275,000 in Ridgewood
MLS # 1515951
244 Lotte Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/31
25

$1,450,000 in Ridgewood
MLS # 1520503
355 Heights Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Christine Gubb, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$1,450,000 in Ridgewood
MLS # 1521212
51 N Hillside Pl, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Rose Hueneke, Broker Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
1

$ 1,599,000.00 in Ridgewood
MLS # 1519791
145 Prospect St, Ridgewood, NJ 07450
Office
Stacy S. Kiernan, Sales Associate
Prominent Properties Sotheby’s International Realt
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
15

$1,750,000 in Ridgewood
MLS # 1517971
323 Highland Ave, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/31
25

$1,750,000 in Ridgewood
MLS # 1519573
371 Crest Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Samira Cook, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/31
25

$2,495,000 in Ridgewood
MLS # 1515415
505 Upper Blvd, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/31
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.Yt9r2WhO.dpuf

Posted on

Ridgewood Open Houses for May 17th 2015

1514804

$825,000 – 157 Woodland Ave, Ridgewood NJ

$4,300 in Ridgewood
MLS # 1518903
615 Grove St, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath,
1 Half Bath, House
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
14

$399,000 in Ridgewood
MLS # 1511602
838 Auburn Ave, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath, C/C
Sheerlee Mischel, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/17
4

$425,000 in Ridgewood
MLS # 1507656
140 Bellair Rd, Unit N, Ridgewood, NJ 07450
2 Bedroom, 2 Full Bath,
1 Half Bath, Condo
Donna Dever, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$468,000 in Ridgewood
MLS # 1518425
35 Garfield Pl, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath, Col
Michael Machinski, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sat. 5/16
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/17
18

$489,900 in Ridgewood
MLS # 1515972
347 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Steve Pluchino, Sales Associate
Coldwell Banker, Ridgewood
Open House: 2:00 P.M. – 4:00 P.M. Sun. 5/17
24

$499,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
23

$499,900 in Ridgewood
MLS # 1518726
277 Oak St, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Ranch
Shu-Jen Su, Sales Associate
Full Service Realty, LLC
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/24
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.IOG74BqM.dpuf

$519,900 in Ridgewood
MLS # 1509881
345 Vesta Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Edward Ditroia, Broker Associate
RE/MAX Elite Associates
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
24

$529,000 in Ridgewood
MLS # 1509389
228 E Glen Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Monis Young, Broker
Exclusive Properties Realty, LLC
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/17
22

$598,000 in Ridgewood
MLS # 1508212
201 Walthery Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, Col
Joanne W. Cheng, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
20

$598,000 in Ridgewood
MLS # 1515823
224 S Maple Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, 2Fam
Debra DeSena, Sales Associate
Keller Williams Village Square Realty
Open House: 12:30 P.M. – 4:00 P.M. Sun. 5/17
20

$598,000 in Ridgewood
MLS # 1515827
224 S Maple Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, Ranch
Debra DeSena, Sales Associate
Keller Williams Village Square Realty
Open House: 12:30 P.M. – 4:00 P.M. Sun. 5/17
20

$599,000 in Ridgewood
MLS # 1513495
273 Mulberry Pl, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, S/L
Christine Aderhold, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
23

$599,800 in Ridgewood
MLS # 1518325
366 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Ranch
Juliette Gorham, Sales Associate
Jolanta Krygier, Sales Associate
Prominent Properties Sotheby’s International Realty-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
19

$619,000 in Ridgewood
MLS # 1518562
251 Emmett Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
19

$659,000 in Ridgewood
MLS # 1516349
545 Nagle St, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, S/L
Agnes Broderick, Sales Associate
Abbott & Caserta Realtors, Ho-Ho-Kus
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
21

$679,000 in Ridgewood
MLS # 1515623
700 Howard Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, S/L
Tina Kapsook Han, Broker Associate
RE/MAX Property Center
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.IOG74BqM.dpuf

$679,500 in Ridgewood
MLS # 1518022
363 Vesta Ct, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Feraidoun Ketabchi, Sales Associate
Terrie O’Connor Realtors/SdlRv
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
20

$689,000 in Ridgewood
MLS # 1508750
560 Grove St, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Ranch
Rumiko Saiki, Sales Associate
Furumoto Realty Inc.
Open House: 2:00 P.M. – 5:00 P.M. Sun. 5/17
25

$699,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
20

$749,000 in Ridgewood
MLS # 1510329
615 Grove St, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath,
1 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
14

$749,900 in Ridgewood
MLS # 1515597
235 Demarest St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
17

$775,000 in Ridgewood
MLS # 1513774
415 Fairfield Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Cathy Banu, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
17

$789,000 in Ridgewood
MLS # 1503174
274 Franklin Tpke, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Theresa Druce, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$799,000 in Ridgewood
MLS # 1518366
334 E Glen Ave, Ridgewood, NJ 07450
7 Bedroom, 3 Full Bath, 2Fam
Christal Chang, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$825,000 in Ridgewood
MLS # 1514804
157 Woodland Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Michelle Stojanovic, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
25

$825,000 in Ridgewood
MLS # 1515527
470 E Saddle River Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, S/L
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.IOG74BqM.dpuf

$825,000 in Ridgewood
MLS # 1518378
502 Summit St, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Irene Palatucci, Sales Associate
Phyllis Lewis, Sales Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
23

$829,000 in Ridgewood
MLS # 1513603
434 Heights Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Maria Shammas, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
20

$899,000 in Ridgewood
MLS # 1517275
500 Grove St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Henry Middlezong, Sales Associate
Julia K. Shin, Sales Associate
Eastern International Realty, Inc.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$899,000 in Ridgewood
MLS # 1517471
929 E Ridgewood Ave, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
25

$899,000 in Ridgewood
MLS # 1517510
646 Kenwood Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, S/L
Amelia Vieira, Sales Associate
Beth Freed, Broker Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
16

$899,000 in Ridgewood
MLS # 1518351
295 Stonycroft Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Ranch
Kathleen Lops, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$919,000 in Ridgewood
MLS # 1510766
210 Manor Rd, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Ranch
Michael Machinski, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/17
25

$949,000 in Ridgewood
MLS # 1514759
125 N Walnut St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
17

$979,000 in Ridgewood
MLS # 1518640
497 Alpine Ter, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jennifer Brito, Sales Associate
Gilsenan & Co.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
1

$1,100,000 in Ridgewood
MLS # 1514674
454 Old Stone Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Marilyn Nuber, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.IOG74BqM.dpuf

$1,159,000 in Ridgewood
MLS # 1509771
852 Morningside Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Lori Lettieri, Sales Associate
Selina Hillenmayer, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
23

$1,349,000 in Ridgewood
MLS # 1515951
244 Lotte Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
25

$1,350,000 in Ridgewood
MLS # 1517555
546 Upper Blvd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath, Col
Rita Lutzer, Sales Associate
RE/MAX Properties-Saddle River
Open House: 2:00 P.M. – 4:00 P.M. Sun. 5/17
1

$1,399,000 in Ridgewood
MLS # 1518269
170 W Ridgewood Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Nena Colligan, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$1,495,000 in Ridgewood
MLS # 1518742
153 Carlisle Ter, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Laura Gill, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
25

$1,499,000 in Ridgewood
MLS # 1513595
175 Orchard Pl, Ridgewood, NJ 07450
6 Bedroom, 5 Full Bath,
1 Half Bath, Col
Karen Lampiasi, Broker Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
19

$1,595,000 in Ridgewood
MLS # 1510354
427 Spring Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jane Certo, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
25

$1,675,000 in Ridgewood
MLS # 1512266
144 Fairmount Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
2 Half Bath, Col
Judith MacLennan, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/17
24

$1,900,000 in Ridgewood
MLS # 1517971
323 Highland Ave, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
2 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
25

$2,495,000 in Ridgewood
MLS # 1515415
505 Upper Blvd, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/17
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.SyywpI7B.IOG74BqM.dpuf

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New Jersey sees some improvement in wealth index

RidgewoodRealestatesign_theridgewoodblog2

Andy Kapyrin, the director of research, a partner and a chartered financial analyst with RegentAtlantic in Morristown says home prices are increasing, stock returns on Jersey companies are rising, as well as employment and income levels.

“What we are seeing is a broadening is what’s improving the wealth,” Kapyrin said. “The single biggest piece of good news is actually the level of the index.” (Cutter/NJ101.5)

New Jersey sees some improvement in wealth index

Posted on

Avoid paying taxes on capital gains from home sale

TaxTime1

MAY 10, 2015    LAST UPDATED: SUNDAY, MAY 10, 2015, 1:21 AM
WIRE SERVICE

Q. My mother-in-law is selling her principal residence in Chicago and will have gains of more than $400,000, as she lived in it for 30 years. Her husband died more than two years ago. Is there any way she can avoid paying capital gains tax on the amount over the $250,000 individual exclusion? What about a stepped-up basis when her husband died? What about putting her daughter on the title? Will they both then get the $250,000 exclusion? What about converting it to a rental for her daughter (who also lives there) and then purchasing another 1031 rental for her daughter? Thanks!

Let’s take apart your question, because we think the answer will become clear.

Start with the word “profit.” Many people assume the sales price is equal to the profit on a piece of property if the mortgage is sold. Not really. The profit is the difference between the cost basis and the sales price. The cost basis includes the purchase price, any structural or capital improvements made to the home (such as re-plumbing, a new roof or a room addition, but not decorating) and the costs of purchase and sale. The costs of sale include the commission, the cost of any advertising and other fees that go into advertising and marketing the home for sale, including staging the home. The costs of the purchase include title insurance fees, lender costs and other expenses related to the purchase of the home. (You can get more information from the IRS and by reading Publication 523.)

Before we get to the true profit, let’s talk about the inheritance issue.

https://mail.google.com/mail/u/0/#label/Personal/1438de9af7ae98f0?compose=14d3d78a668040f4

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Price gap hinders housing recovery across North Jersey

RidgewoodRealestatesign_theridgewoodblog2

MAY 9, 2015, 11:30 PM    LAST UPDATED: SATURDAY, MAY 9, 2015, 11:41 PM

BY KATHLEEN LYNN AND DAVE SHEINGOLD
STAFF WRITERS |
THE RECORD

Andrea and Joe Buccino bought their first home, a Cape Cod in Wallington, for $385,000 in 2005. A decade later, they put it on the market for $299,000 — one of many examples of how home values in North Jersey, like much of the nation, have struggled to recover since being slashed in the Great Recession.

An analysis of 2014 property sales data by The Record found that prices across most of Bergen and Passaic counties saw virtually no change last year. Overall in Bergen County, the median price of $405,000 remains 14.7 percent below the 2006 median peak of $475,000; Passaic County’s median is still off 25 percent, at $285,000. (Nationally, prices are about 16 percent below their peaks.)

And the slow recovery is most dramatic in the region’s lower-income, lower-priced housing markets.

At the top end of the market, in towns where the median value was at least $700,000 in 2006, prices are about 11 percent below their peaks. Homes in the middle range of values are about 17 percent off their peaks.

But at the lower end — in towns like Hackensack, Wallington, Garfield and Paterson — values held down by a greater concentration of foreclosures and distressed sales have barely recovered. They continue to languish 30 percent below their peaks — 26 percent if you take out Paterson and Passaic, where housing distress has been especially acute.

In actual dollars and cents, the housing troubles translate into median prices that are down in Paterson from $340,000 in 2006, to $185,000 in 2014; from $330,000, to $205,000 in Hackensack; $410,000, to $281,000 in Garfield; $380,000, to $250,000 in the city of Passaic; $423,000, to $260,000 in Wallington; and $410,000, to $300,000 in Elmwood Park.

At the high end of the market, the numbers tell a much different story. The median price in Ridgewood, for example, has climbed back to $685,000, near the 2006 peak of $710,000. In Ho-Ho-Kus, the median price in 2014 was $725,000, compared with $750,000 in 2006. While in Englewood Cliffs, the 2014 median of $1.1 million surpassed the $1.09 million median in 2006. Saddle River’s 2014 median of $1.5 million is approaching 2006’s $1.71 million. And agents in those towns describe the market as hot.

The picture is similar statewide, though there’s less gap between the low and the high ends of the market.

Comparisons with the peak of the market can be tricky. Prices in the years before the crash shot up annually, often by double digits, fueled by loose lending standards that led many households to borrow more than they could afford, leading to foreclosures and short sales, in which lenders accept less than is owed on the mortgage. The collapse, according to some experts, merely brought prices back to more realistic levels.

While the relatively stagnant prices at the lower end are good news for some buyers, homeowners who bought at or near the peak and are looking to move up, face being stuck with a big loss, or just stuck.

https://www.northjersey.com/news/price-gap-hinders-housing-recovery-across-north-jersey-1.1330541

Posted on

NJ home-building starts off slowly in first quarter

Construction Spending

MAY 4, 2015    LAST UPDATED: MONDAY, MAY 4, 2015, 1:21 AM
BY KATHLEEN LYNN
STAFF WRITER |
THE RECORD

Home construction in New Jersey has gotten off to a slower start this year, with builders starting 5,352 units in the first quarter, down 8.3 percent from a year earlier.

But Patrick O’Keefe, an economist with CohnReznick in New York and Roseland, expects builders to rev up construction later this year, giving the homebuilding sector “its best performance since 2006.” O’Keefe is forecasting that about 30,000 housing units will be started in the Garden State in 2015, compared with 28,119 in 2014.

Multifamily activity will continue to provide momentum for home construction in the state, O’Keefe said. In the first quarter, multifamily construction made up 59 percent of the building permits issued in New Jersey.

“We will be looking at multifamily as the dominant driver,” he said. For the past several years, well over half the construction in the state has been in multifamily projects — especially rentals, concentrated in Bergen, Hudson and other northeastern New Jersey counties.

One example is Hudson Lights in Fort Lee, a mixed-use project being built just south of the George Washington Bridge. Its first stage, expected to be finished at the end of this year, will include 276 rental units. A second stage, expected to be completed in 2018, will include 201 housing units.

The developer, Chicago-based Tucker Development Corp., sees continuing demand for rentals, especially in neighborhoods where stores, restaurants and transit are within walking distance.

Young people starting out in their careers want “the ability to be more mobile,” said CEO Richard Tucker.

Economists also note that many younger adults are renting, rather than buying, because it’s difficult to qualify for mortgages and because they are wary about investing in a home after seeing values crater during the housing crash.

Adding to the demand for rentals, Tucker said, are empty nesters who decide they don’t need large houses anymore.

The national homeownership rate is 63.7 percent, the lowest level since 1993. The rate had exceeded 69 percent in 2004 as mortgage lenders loosened their credit standards and lent to many people who couldn’t afford the payments and ended up losing their homes.

Homebuilders’ slow start this year is only temporary, O’Keefe said, citing the complex planning and approval process involved in multifamily projects.

https://www.northjersey.com/news/business/n-j-home-building-is-off-to-a-slow-start-1.1324886

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Ridgewood Open Houses May 3rd 2015

1515723

$819,900 – 349 Carlton Ter, Ridgewood NJ

$7,500 in Ridgewood
MLS # 1445893
221 Bedford Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, House
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
15

$425,000 in Ridgewood
MLS # 1443545
1103 E Ridgewood Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, C/C
Jane L. McGuire, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/3
4

$489,900 in Ridgewood
MLS # 1515972
347 Franklin Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Steve Pluchino, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
24

$495,000 in Ridgewood
MLS # 1511458
367 E Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath, Col
Rose Hueneke, Broker Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
21

$499,000 in Ridgewood
MLS # 1508045
176 W Glen Ave, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$539,000 in Ridgewood
MLS # 1515635
314 Kenilworth Rd, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
1 Half Bath, C/C
Megan Murphy, Sales Associate
Angele Ekert, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$600,000 in Ridgewood
MLS # 1430875
495 E Saddle River Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Michael Shetler, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
25

$635,000 in Ridgewood
MLS # 1515612
448 Fairfield Ave, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Lindsey Barclay, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
20

$649,000 in Ridgewood
MLS # 1513495
273 Mulberry Pl, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, S/L
Christine Aderhold, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$650,000 in Ridgewood
MLS # 1506057
428 Sterling Pl, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Robert Stemple, Sales Associate
RE/MAX Properties-Saddle River
Open House: 12:00 P.M. – 3:00 P.M. Sun. 5/3

$674,000 in Ridgewood
MLS # 1516349
545 Nagle St, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath, S/L
Agnes Broderick, Sales Associate
Abbott & Caserta Realtors, Ho-Ho-Kus
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
21

$679,000 in Ridgewood
MLS # 1515623
700 Howard Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, S/L
Tina Kapsook Han, Broker Associate
RE/MAX Property Center
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
19

$699,000 in Ridgewood
MLS # 1500976
154 Claremont Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
20

$749,000 in Ridgewood
MLS # 1513711
336 Abbey Ct, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
2 Half Bath, Col
Nancy M. Falk, Broker Associate
Marron Gildea Realty, Inc.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$775,000 in Ridgewood
MLS # 1513774
415 Fairfield Ave, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Cathy Banu, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
17

$779,000 in Ridgewood
MLS # 1509652
249 Lockwood Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Tisha Ramge, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
24

$784,900 in Ridgewood
MLS # 1515778
636 Wall St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, Col
Glenn Hefferan, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/3
24

$789,000 in Ridgewood
MLS # 1515821
404 Alpine Ter, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
1 Half Bath, Col
Maureen Mole, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
25

$800,000 in Ridgewood
MLS # 1515597
235 Demarest St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Ghada Abbasi, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
17

$819,900 in Ridgewood
MLS # 1515723
349 Carlton Ter, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
2 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3

$825,000 in Ridgewood
MLS # 1515135
249 Fairfield Ave, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
2 Half Bath, Col
Dawn Braithwaite, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
13

$825,000 in Ridgewood
MLS # 1515527
470 E Saddle River Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, S/L
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
25

$839,000 in Ridgewood
MLS # 1512129
348 Fairfield Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Qizhan Yao, Broker Owner
Realmart Realty, LLC
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/3
25

$875,000 in Ridgewood
MLS # 1515949
219 Richards Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Marilyn Nuber, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$879,000 in Ridgewood
MLS # 1513603
434 Heights Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Maria Shammas, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
20

$888,888 in Ridgewood
MLS # 1514579
720 Maxwell Pl, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Gregory J. Maglione, Broker Associate
E Real Estate Agency LLC
Open House: 12:00 P.M. – 5:00 P.M. Sun. 5/3
25

$899,000 in Ridgewood
MLS # 1514675
403 Colonial Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Gina Fierro, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/3
19

$910,000 in Ridgewood
MLS # 1514150
210 Jeffer St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, S/L
Vivian Dumaresq, Sales Associate
Century 21 Eudan Realty
Open House: 1:00 P.M. – 3:00 P.M. Sun. 5/3
22

$949,900 in Ridgewood
MLS # 1508697
225 Sollas Ct, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
2 Half Bath, Col
Peggy Jung, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
24

$979,000 in Ridgewood
MLS # 1514759
125 N Walnut St, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Janis Fuhrman, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3

$1,045,000 in Ridgewood
MLS # 1511984
21 Theyken Pl, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath, Col
Joseph M. Hurley, Sales Associate
Weichert Realtors Ridgewood
Open House: 1:00 P.M. – 5:00 P.M. Sun. 5/3
25

$1,149,000 in Ridgewood
MLS # 1515894
304 Richards Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
21

$1,149,000 in Ridgewood
MLS # 1516021
621 Wellington Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
25

$1,159,000 in Ridgewood
MLS # 1509771
852 Morningside Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Col
Lori Lettieri, Sales Associate
Selina Hillenmayer, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
23

$1,199,000 in Ridgewood
MLS # 1508484
395 Knollwood Rd, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Laurin Steiger, Sales Associate
Terrie O’Connor Realtors/SdlRv
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
25

$1,200,000 in Ridgewood
MLS # 1515857
10 N Hillside Pl, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Joan Marie Monton, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
16

$1,250,000 in Ridgewood
MLS # 1513231
40 N Van Dien Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Patty Cannon, Sales Associate
Marron Gildea Realty, Inc. Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
15

$1,299,000 in Ridgewood
MLS # 1515379
404 N Maple Ave, Ridgewood, NJ 07450
6 Bedroom, 3 Full Bath,
2 Half Bath, Col
Kristin Gildea Fox, Sales Associate
Marron Gildea Realty, Inc. Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3
25

$1,349,000 in Ridgewood
MLS # 1515951
244 Lotte Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Barbara Masarky, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
25

$1,360,000 in Ridgewood
MLS # 1445312
221 Bedford Rd, Ridgewood, NJ 07450
4 Bedroom, 4 Full Bath,
1 Half Bath, Col
Pam Christian, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3

$1,650,000 in Ridgewood
MLS # 1510354
427 Spring Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Jane Certo, Broker Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
25

$1,695,000 in Ridgewood
MLS # 1509151
746 Fernwood Ct, Ridgewood, NJ 07450
6 Bedroom, 5 Full Bath,
1 Half Bath, Col
Joanne Delaney, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
25

$1,699,000 in Ridgewood
MLS # 1512269
151 Sheridan Ter, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Linda Aktar, Broker Associate
Pamela Chmiel, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 5/3
25

$1,750,000 in Ridgewood
MLS # 1512266
144 Fairmount Rd, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
2 Half Bath, Col
Judith MacLennan, Sales Associate
Coldwell Banker, Wyckoff/Franklin Lakes
Open House: 1:00 P.M. – 4:00 P.M. Sun. 5/3

Posted on

7 of the 10 counties in America with the highest property taxes are in N.J

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7 of the 10 counties in America with the highest property taxes are in N.J., study says
By Paul Milo | NJ Advance Media for NJ.com
April 28, 2015 at 12:36 PM, updated April 28, 2015 at 1:12 PM

Counties in New Jersey dominate the top 10 nationwide for property taxes, according to data compiled by real estate Web site Zillow.

It’s no secret that New Jersey homeowners are hit with some of the highest property taxes in the nation. But just how high, relative to other parts of the country, might be a bit of a shock.

A typical homeowner in Bibb County, Ala., paid just $228 in property taxes in 2013,according to an analysis by Zillow, the real estate website. Compare that to someone paying the median in Paramus or Ridgewood in Bergen, who shelled out $9,546 — about 45 times as much.

https://www.nj.com/news/index.ssf/2015/04/7_of_the_10_counties_in_america_with_the_highest_property_taxes_are_in_nj_study_says.html

Highest:

Westchester, N.Y., $13,842
Rockland, N.Y., $10,550
Bergen, NJ, $9,546
Essex, N.J., $9,288
Nassau, N.Y., $9,091
Passaic, N.J., $8,978
Union, N.J., $8,926
Morris, N.J., $8,549
Hudson, N.J., $8,407
Hunterdon, N.J., $8,392

Posted on

Bergen and Passaic counties, see little price improvement but an uptick sales activity

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APRIL 23, 2015    LAST UPDATED: THURSDAY, APRIL 23, 2015, 1:21 AM
BY KATHLEEN LYNN
STAFF WRITER |
THE RECORD

* Employment, interest rates cited as Passaic, Bergen home sales rise

Fueled by a stronger job market, housing sales activity is picking up steam, with existing home sales up 6.1 percent nationwide in March, the National Association of Realtors said Wednesday.

A separate report, from the Federal Housing Finance Agency, said that home prices nationwide were also on the rise — up 5.4 percent in the 12 months ending in February. But prices were up only 2.6 percent in the Middle Atlantic region, which includes New Jersey.

That story was reflected in Bergen and Passaic counties, which saw little price improvement but an increase in sales activity.

“After a quiet start to the year, sales activity picked up greatly throughout the country in March,” said NAR economist Lawrence Yun. “The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.”

Existing-home sales nationwide in March were at an annual level of 5.19 million.

https://www.northjersey.com/news/business/jobs-encourage-housing-1.1316077