Real estate trends, community events and other stuff happening in Branchburg.
This week’s installment is a dandy little Colonial on Station Rd. Currently asking $739,900 EXPIRED, it was originally listed at $949,000 on August 17, 2006 and has spent 806 actively-listed days hurtling toward oblivion. In the interim, it has had two tenants, who I’m sure have made an excellent contribution toward accelerating the …
Closings below were from 12/1/09 through 12/31/09. Short sales are noted.
1705 Breckenridge Dr. $209,000 (short sale)
611 Magnolia Ln. $239,000
736 Magnolia Ln. $236,000
17 Cheyenne Trl. $375,000
2 Rolland Dr. $369,000
39 Seneca Trl. $407,500
129 Fairview Dr. $439,900
252 Carol Jean Wy. $400,000
141 Fairview Dr. $479,000
119 Brandon Ct. $465,000
2 Oak Tavern Cir. $560,000
24 Champions Cir. $600,000
The following Branchburg homes (out of a total 69 active listings) are marked “attorney review” as of this morning:
802 Breckenridge
104 Red Crest
110 North Branch River Rd.
43 Strawberry Hill
165 Fairview
410 Clover
2 Oak Tavern
My understanding is that the River Trace development (the 110 N. Branch River Rd. listing) has a lis pendens filed against it by Branchburg …
From a site I never heard of before, called Reason.com:
“Something called the National Consumer Law Center criticizes state mortgage-mediation schemes as well as the Obama Administration’s Home Affordable Modification Program, which at last count had managed to prevent 235,247 homes from coming onto the market. However, data from the Federal Reserve and the Office of …
Come to the Branchburg Country Fair at White Oak Park this Saturday, September 26! Great crowd, lots to do, WDVR and fireworks at 8 PM.
http://www.branchburgcountryfair.com/
I actually made this call close to two years ago, on NJ Real Estate Report. You gotta believe it’s as sure a bet as the sun coming up tomorrow. Given the fact that: 1) a buyer who puts down only 3.5%- then has the seller give it back to pay closing costs- is …
Could this explain why banks aren’t looking to lend?
How do we square this with any kind of talk of recovery being underway?
Here’s a gem of a townhome in one of Quailbrook’s best sections, offered at a value price of $289,000. Heritage’s amenities also include a pool. Of course, this location guarantees that you’re just minutes away from Rutgers, Rt 287 and shopping. The owners have updated this place nicely, and it is a …
From the Somerset Reporter, NJ.com (8/28/09):
Pedals for Progress, in its continuing effort to recycle bicycles properly, is having a used bike collection sponsored by the Branchburg Rotary Club.
Anyone with an adult or child’s bicycle in repairable condition is urged to donate their bike. Bikes for parts or disassembled bikes are not accepted. Bikes can be …
Here’s a little message I sent off to a friend on April 22, 2009. I made a mental note to come back to it in the Summer. I now submit this as my application into the Junior Nostradamus Club of America:
“To me, it’s 100% about revenue streams off the MBS. As commercial RE prices deteriorate …
