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Old 09-22-2008, 09:25 AM
 
505 posts, read 1,059,833 times
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Quote:
Originally Posted by ottomobeale View Post
>Parsippany is a far better choice if heading out in that direction. Morris Twp is also a much better choice.<

And both are much more expensive. So are Mtn Lakes, Chester etc
I think you might be off the mark on this one- I always thought that Randolph was as much, if not more expensive than Parsippany and Morris.
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Old 09-22-2008, 12:03 PM
 
527 posts, read 859,861 times
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Quote:
Originally Posted by ottomobeale View Post
>Randolph is kind of far out, <
True
>Taxes are out of control<
The whole state is this. Cant relate specifics.
>Unlikely to benefit from people moving in closer to their jobs so appreciation/depreciation likly will be very unfavorable over the next many years. <
Possibly true but people will give up SUVs before they give up suburban homes.

>Parsippany is a far better choice if heading out in that direction. Morris Twp is also a much better choice.<

And both are much more expensive. So are Mtn Lakes, Chester etc
Not sure where you get your information from, I get mine from visiting lots of different homes which are listed for sale, from looking at them through the MLS, and running comps for people on homes they are interested.

Unless I thought I was going to stay in Randolph for the rest of my life, it would not be near the top of my list of places to buy.
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Old 09-22-2008, 12:05 PM
 
Location: North Jersey
10,496 posts, read 14,361,176 times
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Quote:
Originally Posted by escapeartist09 View Post
I have been reading as many posts as I can about Randolph and other towns in the area like Mendham, Mountain Lakes & Chester. Of these, Randolph seems to be more affordable for us. We are a family of 4 moving to NJ and looking for a fabulous neighborhood, community and top notch schools. Would Randolph fit the bill? Why wouldn't you choose it? My husband will be working in East Hanover and it seems like an acceptable commute. Just wondering if we would be making the right choice. Your help & honest feedback is appreciated.

That is your key right there
Mendham, Mtn Lakes & Chester are very expensive and the taxes are very very high

Randolph is not bad at all....just don't buy on the Randolph/Dover border
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Old 09-22-2008, 12:05 PM
 
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Thanks a million for all the info and all of your honest feedback. I really appreciate it. The kids are in grade 1 and 4. I guess they are young but I am hoping to find some place we can stay for a long time. I will look into the Hanovers and continue to look around in Randolph and other towns. I think the general opinion is the Randolph schools are good, not great. For all the money and taxes, I am hoping to find top schools. : )
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Old 09-22-2008, 12:10 PM
 
527 posts, read 859,861 times
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Quote:
Originally Posted by escapeartist09 View Post
Thanks a million for all the info and all of your honest feedback. I really appreciate it. The kids are in grade 1 and 4. I guess they are young but I am hoping to find some place we can stay for a long time. I will look into the Hanovers and continue to look around in Randolph and other towns. I think the general opinion is the Randolph schools are good, not great. For all the money and taxes, I am hoping to find top schools. : )
Then you need to be looking at Chatham & Madison if staying in the area.
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Old 09-22-2008, 12:10 PM
 
Location: OH->FL->NJ
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You should give approx budget. People could probably direct more accurately.
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Old 09-22-2008, 02:13 PM
 
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Good point. We would like to spend around 1 million. But for that I'd like a gourmet kitchen, great neighborhood, hoping for a pool in my backyard, not more than 1.5 acres. In fact, .7 acres is enough with the right house. I have looked in Madison and Chatham and unfortunately, even at 1.4 million, it seems I am in a house that needs repair. They look like fabulous towns though. Wish I could afford it. Any thoughts on Basking Ridge & Bernardsville?
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Old 09-22-2008, 02:32 PM
 
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Quote:
Originally Posted by escapeartist09 View Post
Good point. We would like to spend around 1 million. But for that I'd like a gourmet kitchen, great neighborhood, hoping for a pool in my backyard, not more than 1.5 acres. In fact, .7 acres is enough with the right house. I have looked in Madison and Chatham and unfortunately, even at 1.4 million, it seems I am in a house that needs repair. They look like fabulous towns though. Wish I could afford it. Any thoughts on Basking Ridge & Bernardsville?
A MILLION??!! *cough cough*

Dont know much about Basking Ridge and Bernardsville except they are VERY nice. Not sure how far your $ will go down there.

I would seriously look at Mendham- $1M can get you a very nice house on a nice piece of property. Not sure if this is allowed, but here is a very quick search of Mendham properties (mods, please remove if inappropriate)

Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® (http://www.realtor.com/search/listingdetail.aspx?loc=mendham%2cNJ&ml=8&mnp=75000 0&mxp=1000000&typ=3F&sid=df3a58d5c5e3412ab68b0695f baa8e05&lid=1102545446&lsn=3&srcnt=16 - broken link)

Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® (http://www.realtor.com/search/listingdetail.aspx?loc=mendham%2cNJ&ml=8&mnp=75000 0&mxp=1000000&typ=3F&sid=5a0ea2f47aaa4a00ace68a293 23174ff&lid=1100635993&lsn=9&srcnt=16 - broken link)

I think it will be tough to find that much property in Madison or Chatham, Mountain Lakes for that matter. But $1M can get you some wonderful properties in Chester:

Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® (http://www.realtor.com/search/listingdetail.aspx?loc=chester%2cNJ&ml=8&mnp=75000 0&mxp=1000000&typ=3F&sid=da24c3e8abe24462991c98814 cce7059&lid=1102792146&lsn=6&srcnt=18 - broken link)

Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® (http://www.realtor.com/search/listingdetail.aspx?loc=chester%2cNJ&ml=8&mnp=75000 0&mxp=1000000&typ=3F&sid=da24c3e8abe24462991c98814 cce7059&lid=1103094123&lsn=7&srcnt=18 - broken link)

Real Estate Listings, Homes for Sale and Rental Property Listings – REALTOR.com® (http://www.realtor.com/search/listingdetail.aspx?loc=chester%2cNJ&ml=8&mnp=75000 0&mxp=1000000&typ=3F&sid=7438012d99b848b3b01576bf2 a02dad1&pg=2&fhpg=2&lid=1098955717&lsn=13&srcnt=18 - broken link)


I would say if land is a big priority for you (1.5 acres a must) then Mendham and Chatham are great choices. If a lot of land is less important and community/neighborhood is key, might want to drive through Mountain Lakes and maybe look at Montville. They are pretty, woodsy areas with good schools.

Best of luck.
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Old 09-22-2008, 03:06 PM
 
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Does the "Cough, cough" mean I should expect to pay more? Land is definitely not the big priority.. no more than 1.5, less is better. I would rather have .75 or so. It just seems that so many houses in these towns come with 2 or 3++ acres. That is far too much. I want to see some neighbors.
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Old 09-22-2008, 03:51 PM
 
3,201 posts, read 5,821,725 times
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Quote:
Originally Posted by escapeartist09 View Post
Good point. We would like to spend around 1 million. But for that I'd like a gourmet kitchen, great neighborhood, hoping for a pool in my backyard, not more than 1.5 acres. In fact, .7 acres is enough with the right house. I have looked in Madison and Chatham and unfortunately, even at 1.4 million, it seems I am in a house that needs repair. They look like fabulous towns though. Wish I could afford it. Any thoughts on Basking Ridge & Bernardsville?
Ok yeah forget Mountain Lakes as well. Friends of ours bought a house on .75 acres for $900k and dozed it. Built one that cost (all in) 2.4 mil. The house next door to them is for sale - it's a gross brown ranch but very big. Builder paid $875k and is selling a proposed new house for 2.6 mil.
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