by the staff of The Ridgewood Blog
Ridgewood NJ, as evidenced of the attempts being made by suburban homeowners to cash in on the current “hot” real estate market, Cynthia & Rurik Halaby’s house on Evergreen Place was just listed for sale at $948,000, 46% over its assessed value of $638,000.
Welcome to the post COVID pandemic real estate market in North Jersey, where homes are selling as soon as they are listed, often with multiple offers. Very low inventories, coupled with the increased appeal of suburban living has created a fiercely competitive market for buyers. Traditionally, the spring season, which runs from early April through the end of June, is the busiest time for home sales in North Jersey.
Hope they leave town
Will they end up with a discounted rent in the high density housing ,enquiring minds wantb to know
Bye bye
Was their assessment artificially reduced by the previous council? Maybe that’s why he is always rooting for them?
$310k over assessment!? You’ve got to be kidding me! Mr. & Mrs. Halaby definitely subscribe to the P T Barnum theory – there’s a sucker born every minute. What fucking balls.
Their assessment has remained the same since at least 2014.
https://tax1.co.monmouth.nj.us/cgi-bin/m4.cgi?district=0251&l02=025104008____00005_________M&hist=1
It’s a flashy title, but if you look at actual prices – not some BS assessment- recent sales are not materially different from 2y ago. Around my area I see a lot of old houses sold and upgraded to modern size and style, which is great!
Overall, few can deny the pandemic has benefited suburbs at the expense of big cities. Yet, NJ is far from the most radical examples. My friends have been looking to buy a house in Long Island for a year without any success. Old houses requiring total re-do are on the market there, asking for 7-figures. That’s a massive premium over Ridgewood.
What an excuse for a hit job.
If he can dish it out, he should be ready to take it.
Market Determines the possible
Price.
Its what a buyer or market of buyers
Would pay
Ps Ridgewood is a classic turnkey
Town for young well off employed
Professional families
Face it we Are Hot..
Schools and private swimming hole
In town is a realtors drive buy hollywood dream on sales tours
Get yurr Red HOTS etc ect…
Pointless article!
The boobys are selling the booby hatch ?
it’s not just at Ridgewood, it’s a whole metropolitan area is booming. Yes people are bowing out of New York City moving to the suburbs. It’s a cheap To live in Ridgewood absolutely not. Compared to New York City yes. You go a few towns out of Ridgewood you get more for your money. And the taxes are cheaper, do your research.
It’s all relative. It only means anything if you are a first time buyer or a last time seller.
raise the rent at the Gate house
taxes here are cheaper than glen rock and ramsey.
for a small house in ridgewood its almost the same tax as waldwick and midland park
Sold and hes laughing all the way to the bank