U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-06-2013, 01:28 PM
 
8 posts, read 13,041 times
Reputation: 13

Advertisements

Hello,
I am thinking about making an offer on a 2 family (5bed 3 baths, FINISHED BSMT, Hardwood floors, detached garage) home in North Arlington area I wanted get some feedback and see what would people offer.
The house is listed for $434,000 and taxes are about 11000k plus.
The 1st floor and the 2nd floor is somewhat updated .

I was thinking of something around $385-$390K but the broker was saying that may be too low of an offer
.

Any suggestions how much I should offer? I am thinking the house is overpriced .

[LEFT]

[LEFT]
[/LEFT]

[/LEFT]
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-08-2013, 10:44 AM
 
2 posts, read 3,155 times
Reputation: 10
Hey,

In all honesty, that actually seems like a fairly low price. As Boston has expanded, Arlington has seen its value increase. In many ways, it sits at the crossroads of many areas. To the East, it is bordered by the wealthy (and famous) Cambridge, as well as the continuously growing and gentrified cities of Medford and Somerville. To the West, it is bordered by the ultra wealthy (and beautiful) towns of Lexington, Belmont, and Winchester. Therefore, Arlington gives you the balance of the convenience of the city and the feel of a suburb (it is large enough to be a city, but refuses to get a mayor). It tends to now get a lot of people who work in Boston, but want a suburb for their family.

Are you planning to rent? Arlington has a great location, but may not be as easy to rent as Somerville, Cambridge, or Medford. (I do not know many renters in Arlington, but that does not mean they are not there.)

I grew up in Arlington and my parents still live there, do you have any specific questions?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-08-2013, 01:38 PM
 
Location: Bordentown, NJ
155 posts, read 262,644 times
Reputation: 138
Quote:
Originally Posted by BostonChris View Post
Hey,

In all honesty, that actually seems like a fairly low price. As Boston has expanded, Arlington has seen its value increase. In many ways, it sits at the crossroads of many areas. To the East, it is bordered by the wealthy (and famous) Cambridge, as well as the continuously growing and gentrified cities of Medford and Somerville. To the West, it is bordered by the ultra wealthy (and beautiful) towns of Lexington, Belmont, and Winchester. Therefore, Arlington gives you the balance of the convenience of the city and the feel of a suburb (it is large enough to be a city, but refuses to get a mayor). It tends to now get a lot of people who work in Boston, but want a suburb for their family.

Are you planning to rent? Arlington has a great location, but may not be as easy to rent as Somerville, Cambridge, or Medford. (I do not know many renters in Arlington, but that does not mean they are not there.)

I grew up in Arlington and my parents still live there, do you have any specific questions?
North Arlington is a town in NJ near NYC, not the MA one.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-08-2013, 05:32 PM
 
Location: Metro NYC
695 posts, read 783,785 times
Reputation: 748
Quote:
Originally Posted by km9191 View Post
Hello,
I am thinking about making an offer on a 2 family (5bed 3 baths, FINISHED BSMT, Hardwood floors, detached garage) home in North Arlington area I wanted get some feedback and see what would people offer.
The house is listed for $434,000 and taxes are about 11000k plus.
The 1st floor and the 2nd floor is somewhat updated .

I was thinking of something around $385-$390K but the broker was saying that may be too low of an offer
.

Any suggestions how much I should offer? I am thinking the house is overpriced .

[LEFT]

[LEFT]
[/LEFT]

[/LEFT]
That's mad expensive for the North Arlington/Lyndhurst/Kearny area and the taxes are outrageous. You could do better in Rutherford or Wood Ridge.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-09-2013, 04:57 PM
 
683 posts, read 311,818 times
Reputation: 513
Just look at the comps. Let them be your guide. Regardless of where the house is, or is that a fair price...your offer is way to low and pretty insulting. Just saying...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-09-2013, 05:52 PM
 
1,212 posts, read 2,011,697 times
Reputation: 1137
We looked at a 2 family house in Carlstadt that was going for $350000 or close, that was a year ago though. What is it about north Arlington that you would pay so much? The area seems to be ok nothing so desirable.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-10-2013, 09:40 AM
 
8 posts, read 13,041 times
Reputation: 13
Quote:
Originally Posted by arrieros81 View Post
We looked at a 2 family house in Carlstadt that was going for $350000 or close, that was a year ago though. What is it about north Arlington that you would pay so much? The area seems to be ok nothing so desirable.
I agree the price is a bit too high compared to similar 2 family homes in that area, and the taxes are around 11kplus for that house in North Arlington, NJ and its been in the market for around 1 plus month.

Only thing i like about the house is that, its partially updated and it is a block from ridge rd for easy commute to NYC.


I would rather prefer something in Rutherford, NJ, which is a much nicer area then North Arlington, NJ.

Last edited by km9191; 08-10-2013 at 09:54 AM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-10-2013, 12:59 PM
 
Location: Metro NYC
695 posts, read 783,785 times
Reputation: 748
Quote:
Originally Posted by km9191 View Post

Only thing i like about the house is that, its partially updated and it is a block from ridge rd for easy commute to NYC.


I would rather prefer something in Rutherford, NJ, which is a much nicer area then North Arlington, NJ.
Even if it close to Ridge Road, the NYC bus from North Arlington will meander through North Arlington and Lyndhurst before it gets to Route 3. I think you are on the right track with Rutherford.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-10-2013, 01:11 PM
 
Location: NJ
17,579 posts, read 42,199,464 times
Reputation: 16197
Have your agent run comps.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top