CirclingVulture's Q&A

RE: 16 Falmouth St, Short Hills, NJ 07078   This property is no longer in Attorney Review and has been on the market for 61 days.Below is the listing history for this property:Apr 28, 2009 - $2,695,000 - MLS # 2678552Jun 17, 2009 - Attorney ReviewJun 25, 2009 - ActiveJun 25, 2009 - $2,690,000Posted: June 27, 2009http://www.circlingvulture.com

RE: 28 Forest Dr, Short Hills, NJ 07078  After 465 Days on Market, this property just sold for $1,450,000 (46%) below asking.The property was listed 3 separate times under 3 different MLS numbers.  Below is the listing history for this property:  Mar 07, 2007 - $3,150,000 - MLS # 2382753  May 26, 2007 - $2,995,000  Jun 28, 2007 - WITHDRAWN  Jun 13, 2008 - $2,650,000 - MLS # 2535432  Jul 29, 2008 - $2,500,000  Oct 18, 2008 - $2,190,000  Jan 12, 2009 - $2,090,000  Feb 06, 2009 - $1,999,999  Mar 02, 2009 - WITHDRAWN  Mar 07, 2009 - $1,990,000 - MLS # 2660403  Apr 29, 2009 - Attorney Review  May 27, 2009 - Under Contract  Jun 19, 2009 - Closed at $1,700,000  Posted: June 20, 2009   http://www.circlingvulture.com  

I would think it odd the realtor has it listed for sale as "25 Elmwood Place."It's a good-size house (2,662 square feet) on a decent lot (0.4 acres) surrounded by small houses on small lots.  If you like spending $935,000 to be surrounded by small houses on small lots, it could make sense; if you don't, choose 9 North Road for $10K less.http://www.circlingvulture.com

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RE: 15 Watchung Rd, Short Hills, NJ 07078  This property is no longer "under contract" and has been on the market since November 2008.    Below is the listing history for this property:  Nov 04, 2008 - $1,895,000 - MLS # 2598570  Dec 20, 2008 - WITHDRAWN  Apr 01, 2009 - $1,795,000 - MLS # 2669802  Apr 13, 2009 - Attorney Review  Apr 16, 2009 - Under Contract  Jun 05, 2009 - WITHDRAWN  Posted: June 7, 2009  http://www.circlingvulture.com      

The property is no longer on the market.  It sold for 34% below asking price on April 30, 2009.The full details were posted May 10th at the below Zillow web addresshttp://www.zillow.com/advice-thread/233420/

RE: 28 Farbrook Dr, Short Hills, NJ 07078   This property is no longer "under contract" and has been on the market for 149 days.   The price has been reduced $445,000 since originally listed for sale in December 2008.   Below is the listing history for this property:   Dec 01, 2008 - $2,795,000 - MLS # 2611832   Jan 12, 2009 - WITHDRAWN   Feb 06, 2009 - $2,595,000 - MLS # 2643376   Apr 30, 2009 - $2,350,000   May 08, 2009 - Attorney Review   May 15, 2009 - Under Contract   May 22, 2009 - Active   Posted: May 22, 2009   http://www.circlingvulture.com   

RE: 102 Fairfield Dr, Short Hills, NJ 07078   This property is no longer "under contract" and has been on the market for 76 days.   The property last sold at Bubble Peak in 2005 for $1,625,000.   As a handy guide, 40% off the Bubble Peak price is $975,000.   Below is the listing history for this property:   Mar 04, 2009 - $1,595,000 - MLS # 2659112   Apr 04, 2009 - $1,499,000   May 07, 2009 - Under Contract   May 15, 2009 - Active   Posted: May 18, 2009   http://www.circlingvulture.com

Property taxes are $54,000 per year.

RE: 1050 Morris Tpke, Short Hills, NJ 07078   Now on the market for 867 days, and listed 6 separate times under 6 different MLS numbers. Numerous price drops since December 2006 total $1,600,000 which is a 40% reduction. As mentioned previously, this flip property is simply over-built for the location.  Few would pay even a fraction as much to live along 10 lanes of highway.  Aside from the danger and noise of living along a highway, there is no "neighborhood" with only Route 124 and a 30-foot-tall concrete highway barrier at the end of the driveway. Below is the listing history for this property: Dec 29, 2006 - $3,900,000 - MLS # 2358069 Sep 04, 2007 - WITHDRAWN Sep 26, 2007 - $3,900,000 - MLS # 2447494 Oct 10, 2007 - WITHDRAWN Oct 12, 2007 - $3,750,000 - MLS # 2452866 Mar 12, 2008 - WITHDRAWN Mar 13, 2008 - $3,350,000 - MLS # 2497826 Jun 13, 2008 - WITHDRAWN Jun 16, 2008 - $3,350,000 - MLS # 2536121 Sep 08, 2008 - WITHDRAWN Sep 09, 2008 - $2,999,000 - MLS # 2575726 Sep 27, 2008 - $2,650,000 Jan 05, 2009 - $2,495,000 May 04, 2009 - $2,300,000 Posted: May 10, 2009 http://www.circlingvulture.com