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Answers (3)
- midwesternboy
- Contributions:2
Dear Circling Vulture,
I love your website. Do you take direct questions? I am a bit confused about what exactly your website does.
I love your website. Do you take direct questions? I am a bit confused about what exactly your website does.
- Frank Festa, "Frank J Festa"
- Contributions:1188
CirclingVulture: You have a nice site. Regards,
- CirclingVulture
- Contributions:429
And below is the listing history for 54 Meadowbrook Rd:
Apr 16, 2008 - $799,000 - MLS # 2508889
Jun 14, 2008 - $760,000
Jul 15, 2008 - WITHDRAWN
Feb 03, 2010 - $829,000 - MLS # 2743278
Posted: February 4, 2010
Apr 16, 2008 - $799,000 - MLS # 2508889
Jun 14, 2008 - $760,000
Jul 15, 2008 - WITHDRAWN
Feb 03, 2010 - $829,000 - MLS # 2743278
Posted: February 4, 2010
$69,000 Extra for New Paint? -- 54 Meadowbrook Rd, Short Hills, NJ 07078
This house remains fundamentally unchanged since it was listed for sale in 2008. The most significant change, however, is a $69,000 increase in asking price.
The listing claims the house has been "beautifully updated" but in reality the interior has received a fresh coat of paint. For example, the oak vanity in the master bath has been covered with a coat of white paint. In the kitchen, updated counters have been laid on the old pressboard cabinets, the old appliances also remain.
Home prices have easily dropped 10% since this property was last listed in July 2008 at $760,000. In today's market that translates into $684,000 + $5,000 in new paint = $689,000.
But the house didn't sell when priced at $760,000 in 2008. If a 2008 asking price of $700,000 would have cleared the market, in today's market that translates into $630,000 + $5,000 in new paint = $635,000.
Some nearby sales:
47 Meadowbrook: Sold Oct 2008 at $761,000
49 Meadowbrook: Sold Aug 2008 at $699,000
55 Meadowbrook: Sold Mar 2008 at $565,000
78 Meadowbrook: Sold Jul 2009 at $512,000
58 Wellington Ave: Sold Jan 2008 at $600,000
And 18 Meadowbrook:
Jun 2004 - Sold at $755,000
Oct 2006 - Sold at $705,000
Jul 2009 - Sold at $655,000
Posted: February 4, 2010
http://www.circlingvulture.com
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