Waldwick - Property Taxes/ Townhome Insurance (Allendale: condo, townhouses, buying)

[LarryM13]

My Fiance and I were looking at Townhomes this weekend and we stumbled across a new development in Waldwick. While speaking with the agent representing the development I asked what the property tax structure was in Waldwick.

The agent informed me that the property tax would be valued at 71% of the selling x the town rate (which is 2.012%)
Formula would go as follows:
((5xx,xxx * .71)*.02012)

Can anyone verify this to be accurate or provide a phone # for someone I can call in Waldwick to verify?

My other question is in regards to insurance for townhomes, what is the typical insurance rate for a townhome in the 5xx,xxx price range? Obviously since it is a townhome, this insurance would not include the exterior structure.

Thanks in advance.

[Waldwick04]

I would think twice before buying one of those. NONE of the townhomes their have sold yet and they have been on the market for a while now.

$500,000+ is a real lot to spend on a townhouse in Waldwick. You can buy a great, big house in the town for that much.

Run a hard bargain if you do buy. Like I said, none of these townhouses have sold and they are probably hurting

[stevemorse]

right off Hopper ave in Waldwick they are building tons of new townhomes or condo which will flood the market . They have cleared the land and are ready to go!!

[newmom2007]

Try calling the tax assessor.

I agree with one of the previous posters though - you can buy a nice size house in Waldwick for 500k.

Good luck ...

[Waldwick04]

Originally Posted by stevemorse

right off Hopper ave in Waldwick they are building tons of new townhomes or condo which will flood the market . They have cleared the land and are ready to go!!

Those are technically in Allendale. Right on the border though

[joe moving]

Are you talking about the townhomes on Prospect? by the police station? every time i drive by those I go to my wife... man I wish we had a townhome. 500k is a lot though. of course i have no clue what they are like, i am sure very nice inside. How many bedrooms do you get?

For the townhome insurance, you just tell your agency its a townhome (they will ask anyway) and your insurance will very likely be much cheaper than homeowners.

7000 bucks taxes on 500k sounds about right to me.

But I agree, these have all been sitting, to me this means the price is too high. I have no clue about the asking price but I would put in a very low bid. Its a great time to buy!

[LarryM13]

Originally Posted by Waldwick04

I would think twice before buying one of those. NONE of the townhomes their have sold yet and they have been on the market for a while now.

$500,000+ is a real lot to spend on a townhouse in Waldwick. You can buy a great, big house in the town for that much.

Run a hard bargain if you do buy. Like I said, none of these townhouses have sold and they are probably hurting

Thanks, I certainly plan to. I just put 5xx,xxx because that is the listing price.

[LarryM13]

Originally Posted by joe moving

Are you talking about the townhomes on Prospect? by the police station? every time i drive by those I go to my wife... man I wish we had a townhome. 500k is a lot though. of course i have no clue what they are like, i am sure very nice inside. How many bedrooms do you get?

For the townhome insurance, you just tell your agency its a townhome (they will ask anyway) and your insurance will very likely be much cheaper than homeowners.

7000 bucks taxes on 500k sounds about right to me.

But I agree, these have all been sitting, to me this means the price is too high. I have no clue about the asking price but I would put in a very low bid. Its a great time to buy!

They are by Dipippo's Farm. Off of Crescent Ave
How is this area?

They have a few layouts available, ranging from 2-4 bedrooms with 2.5-3 bathrooms. The interiors are pretty nice in standard form, but I agree that the selling price is way too high and if we make a bid we'll make it competitive and realistic. Their asking price of mid 500s is outrageous.

[Waldwick04]

Originally Posted by LarryM13

They are by Dipippo's Farm. Off of Crescent Ave
How is this area?

good. Right by the elementary school. Waldwick is such a small town. The only area that isnt so great is right by the train tracks, but besides that its all good.