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Anyone live on a property close to the Montclair-Booton line - like with tracks visible from your window? I know the trains are frequent, because it's a commuter line. Does the noise drive you crazy? Do you just not notice after a while? Does the train wake up your kids, or terrorize your pets? Home shopping in an area where this is a serious concern for us - lovely homes with tracks just down the road or behind the house(s). It's tough out there. Would appreciate any thoughts!
Anyone live on a property close to the Montclair-Booton line - like with tracks visible from your window? I know the trains are frequent, because it's a commuter line. Does the noise drive you crazy? Do you just not notice after a while? Does the train wake up your kids, or terrorize your pets? Home shopping in an area where this is a serious concern for us - lovely homes with tracks just down the road or behind the house(s). It's tough out there. Would appreciate any thoughts!
Everybody's different, but personally I would never buy property that close to a rail line of any kind, but obviously some people just have a tolerance for it, as evidenced by the sheer amount of homes adjacent to and near rail lines. 99% of the time the rails where there before the houses were and it's not as if they're sitting vacant. "Down the road" is a little different. I live about 2 miles down the road from the station in High Bridge and when all else is quiet (ie: in the early morning hours) if I'm outside I can actually hear the train roll into the station, hear the brakes let out, and of course the horn. I'll only notice the horn from inside the house if, again, it's quiet outside and in the house (like in the middle of the night), but it's very faint and it's never actually woken me up-I've just noticed it when I was already awake. Ultimately it comes down to what you're comfortable with. Unless you've ever lived for a period of time near active rail tracks you can't really know for yourself what it's like.
I imagine many people in Montclair, being such competitive real estate market, have no choice. Good school or proximity to NYC is attractive if you need it.
The most important thing i would consider is your ability to sell it. I was looking at a home recently in a great location but right next to the tracks. But i noticed every time they had tried to sell the property it took 9 months then sold 100k under ask. Was too risky for my tastes.
Great point, thanks! This property is going for considerably lower than it should. Not sure if that's one of those "bid-it-up" strategies, where it's "under-listed" on purpose, or if it's because the owners know the tracks are a concern!
Great point, thanks! This property is going for considerably lower than it should. Not sure if that's one of those "bid-it-up" strategies, where it's "under-listed" on purpose, or if it's because the owners know the tracks are a concern!
Yea its likely the discount of being near the tracks. I have seen steep discounts because of that. So just understand that you need to make sure you get it at a steep enough discount so that when you go to sell you dont have issues. You may be able to go lower. How many days has it been on the market?
Yea its likely the discount of being near the tracks. I have seen steep discounts because of that. So just understand that you need to make sure you get it at a steep enough discount so that when you go to sell you dont have issues. You may be able to go lower. How many days has it been on the market?
You are not getting a discount when you buy less than desirable properties.
A 400K house on a 400 K lot is worth 800k= good location
A 400k house on a 100k lot is worth 500k= poor location
You get what you pay for.
When the realtors say loc.loc.loc., this is what they are talking about.
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