Morristown NJ Real Estate Blog

Morristown NJ Benefit For Pediatric Oncology

Many of you may have heard of Morristown Memorial Hospital as its a fabulous facility.  It has for a very long time been regarding as a premier hospital in the areas of cardiology and oncology.  I know that people come from far and wide for their patient focused, state-of-the-art facilities. There is a fund-raising gala being held on February 23rd at the Froh Heim in Far Hills for the expansion of the pediatric oncology services at the Valerie Fund Children's Center at Goryeb Children's Hospital at Morristown Memorial.  An added bonus is that this is the site of the Mansion in May event for 2008.  More to come on the Mansion in May event......

Outside Kitchens in Morristown NJ Homes

Magaletta Designs in Morristown NJOutdoor dining has become very popular in Morristown NJ. It seems that all a restaurant has to do to give their business a boost is put out a couple of tables and chairs.  One warm day in December and you'll see people sitting in outside areas with their coats on having a bite to eat.This love of eating and drinking and just plain hanging outside like it’s your living room is becoming more and more popular.  Magaletta Design Environments in Morristown NJ is having a Home Design and Landscape Show at the National Guard Armory in Morris Township from now until Monday January 21, 2008.  They have a computerized slide show presentation available so you can see some of their previous projects and the beautiful outdoor environments that are  possible within a given budget.  They will feature various ways to make your outdoor area cozy and comfortable which, of course means bringing the kitchen outside...yes, grills, couches, candelabras and then landscaping or "dreamscaping" around this environment.  Magaletta has a team of specialists available for consulting on various spaces and environments for issues such as wiring, plumbing and how to work with patio and pool areas so that everything syncs up and flows smoothly as featured in this picture by Magaletta.Whether it’s hanging things from the trees or creating an outdoor room, this promises to be an interesting show.  As you know, most parties are in the kitchen and how much nice to be outdoors as well!   Find out more about ...

Update On Morristown NJ New Construction

I know everyone is interested in the new town home complexes going up in Morristown NJ, so here is an update. Vail Mansion - Hurry....only 5 units left at Vail Mansion in Morristown.  They are 2 bedrooms with a den, 6x6 storage unit and 2 deeded parking spots.  These units are 1695 square feet and the prices range $738-$800K.  The maintenance fees are approximately $662.00 a month which includes full use of the club room and concierge amenities.  The taxes will range between $14-15K.DeHart - 6 units available here ranging from $1.2-$1.3M.  They are all 3 bedrooms and 4.1 bathrooms with 2 car garages and an elevator.40 Park - Or is it Forty Park...we're not sure at this time.  These are the condos under construction where the Epsteins Department Store used to be.  They will be 1, 2 and 3 bedrooms ranging in price from the mid $400's to $2M. For additional information on Morristown NJ Real Estate, visit my website or contact me or give me a call on 973-214-5872.  Susan Zanzonico, Morristown NJ REALTOR...

Summit City NJ Village Green Getting Attention

You might be familiar with the The Village Green in Summit NJ which extends along the south side of Broad Street between Maple Street and Summit Avenue. There are also two additional lots on the north side of Broad Street adjacent to the Summit Train Station. Covering approximately 11 acres, The Green is bisected by Elm Street and surrounded by the town building of The Summit YMCA, The Free Public Libraray, The Post Office, Central Presbyterian Church and of course the train station.The green is in need for some attention....with a broken bench, street lamps that dont't work and other sigsn of neglect.The sycamore trees along Broad Street were taken down by Union County and are missed.The Summit Area Development Corporation (SADC) recently announced a generous gift offer from the May Family of $300,000 to make improvements on the Village Green.-á the donation would be spread over a period of 3 years.The gift to the town of Summit NJ for the Village Green renovations is a generous one indeed.-á The next step is to carefully develop a master plan and specific goals.-á Check out my Summit NJ Real Estate page....

Santa Loves Morristown NJ

                                                                                                   Morristown NJ 07960 New Condo Construction SiteMorristown NJ 07960 The Green    Morristown NJ 07960 possibly Santa                                                                                                                                            I met a few friends in Morristown...

Home Purchases Through A Short Sale

Have you considered being a little unorthodox and buying a home that is a short sale transaction? After the spate of much publicized foreclosures, many lenders have realized that a foreclosure is not necessarily the best way for them to offload a bad debt.Foreclosures are costly, time consuming and represent an additional loss for the lender, because of the inclusion of both legal fees and court costs. Short sales transactions are becoming a more viable choice in situations involving financially stressed home owners.However, don't be fooled by the name; 'short sales' are often 'long' sales with much ongoing haggling, mediation and negotiation. They are almost never straightforward, but having said that, they offer an opportunity for prospective buyers to get a bargain-priced home. In effect the 'cost' of the home is reflected in the patience and tenacity of the buyer and the buyer's real estate agent.Your real estate agent will know that the seller legally has to be in default before a short sale can proceed, public records must be checked and there are certain 'pecking orders' for negotiating with lenders, (usually you will deal with the second lender first!) The real estate agent will steer you through the complicated procedure which is largely unfamiliar to the general public. Your agent will also be able to negotiate with your real estate lawyer when the time comes.Now is certainly a good time to get pre-approved and 'lock-in' some financing prior to starting a search for a short sale home. The rate dropped again this week and if you mortgage now you will save $50.00 per month over last week's rate.Many prospective buyers are waiting for the all-time low, as we are almost there! Of course, logically, we never know when we have hit the bottom until the rate starts to creep up. At that point, everyone rushes to lock in, but in effect we have already missed it! But if you do get pre-approved and are looking for a short sale, it may help your search and eventual purchase...

Morristown NJ Home Sale Statistics - 2006 vs. 2007

Morristown NJ home sale statistics are astoundingly close from 2006 to 2007.  I think all the high end luxury town homes are going a long way towards holding the value of properties in Morristown.  It's getting to be like a little New York City here.  Check out these statistics.


Morristown NJ Real Estate
                                                                    EOY 2006            EOY 2007Average Sale Price                                 $463,175             $458,221Total Homes Sold                                       171                        171Average Days On The Market                     75                          74As...

Historic Preservation Education at Drew Campus in Madison NJ

Drew Universtiy in Madison NJ invites you to obtain a certificate in historic preservation.  This program is in its 10th year and offers 100 courses and workshops during the winter and spring seasons.  With no time to lose.....the winter classes start January 7th and meet at Drew University's campus.This program is designed to appeal to anyone interested in learning about preservation, including owners of historic buildings, architects, town planners and real estate professionals.  Hmmmm, I better sign up!  These ten-week courses and one-day workshops provide a comprehensive introduction to the field of historic preservation.Some of the courses available....
  • "Economic Development and Historic Preservation - Using Other People's Money to Save the Past"
  • "American Architectural History"
  • "Understanding and Preserving Religious Architecture"
  • "Researching your House's History" (your home's family tree?)
So many nice things going on in Madison NJ...like people doing home improvements on their neighbors homes. For additional information regarding these courses or others at Drew University, call   973-408,3400.If you think you'd be interested in moving to Madison NJ or a neighboring town such as Chatham or Summit, call me directly on 973-214-5872.Susan Zanzonico, szanzonico@optonline.net...

Morristown First Night New Year's Was Great!!

Another successful New Year's Eve celebration in Morristown NJ on Monday night.  There were about 10,000 people in attendance and the mood was festive!  With over 26 venues and fireworks at 9:15 and again at midnight, this celebration is very popular and getting more so every year.  I saw people in Madison today still walking around wearing their 2008 flashing glasses and necklaces.  Wishing you a happy and healthy new year!!...

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