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We are considering buying a townhouse in the North Brunswick or East Brunswick areas, because I work nearby. We think that the new "Main Street North Brunswick" community and especially the train station will up the home values of existing neighborhoods next to it, because it will become a slightly trendier town. Maybe not like a Montclair or Morristown, but a little more in that direction. Any thoughts if buying a nearby existing townhouse would be a good idea now?
I can't see how the opening of that new RR station in North Brunswick wouldn't result in higher home values. The tracks are already there, so the proposed NJ Transit station won't add to the noise factor, and will serve to make the area much more attractive to folks who need to commute to Newark or NYC.
I think that buying now would likely get you a much better value than if you waited until that NJ Transit station actually opens.
Will only help values. a new station, 1 seat to Manhattan on the best njtransit line (electrified). It's a no brainer. Figure they'll add some sort of express service, 35-40 min into Manhattan. That'd be great for the community.
I will say, I was shocked to see that the pulte site for Main Street north bruns indicates that the town homes are STARTING in the low 500's. That is ambitious? But maybe not, being that pulte has sold through the same town homes in two communities in highland park for slightly less money (high 400's). Good for the community I guess.
North Brunswick is a great value play right now, with lots of upside potential.
Similar 3BR townhomes at Renaissance, which will also be a 90 second drive or a brisk walk to the train station, currently sell for ~$380k. Low 500s does sound very high for North Brunswick, even after considering the premium for easy access to the train station and new construction.
Similar 3BR townhomes at Renaissance, which will also be a 90 second drive or a brisk walk to the train station, currently sell for ~$380k. Low 500s does sound very high for North Brunswick, even after considering the premium for easy access to the train station and new construction.
90 seconds drive ? From inner streets ?
The traffic condition on rt 1 is big hindrance. Even though the station is approved, I am not optimistic that station is going be built by 2022.
Middlesex county is already overpopulated. There will be commuters driving in from other towns to the new train station. Unless you prefer living in areas like Queens, Jersey City, Bayonne it will be not appealing. House prices might go up little bit because of the convenience factor. However the quality of life will not be the same with congestion.
Middlesex county is already overpopulated. There will be commuters driving in from other towns to the new train station. Unless you prefer living in areas like Queens, Jersey City, Bayonne it will be not appealing. House prices might go up little bit because of the convenience factor. However the quality of life will not be the same with congestion.
Are you suggesting that parts of Middlesex county are more populated, as in density, than Queens or Jersey City?!?
Middlesex county is already overpopulated. There will be commuters driving in from other towns to the new train station. Unless you prefer living in areas like Queens, Jersey City, Bayonne it will be not appealing. House prices might go up little bit because of the convenience factor. However the quality of life will not be the same with congestion.
You may have to adjust your thinking about Middlesex co being overcrowded like the cities you mentioned.
Bayonne 10,000 ppl per sq mile
Jersey City 16,000 ppl per sq mile
Queens NY 71,000 ppl per sq mile.
Middlesex co NJ 2,600 ppl per sq mile.
Where I live in NC 200 ppl per sq mile but sometimes the Amtrak station is crowded as many as 10 ppl sometimes.
If it's nearby that's fine but not too close I hope. NJ Transit trains are quite noisy especially the diesel ones.
North Brunswick is on the NEC, so other than diesel work trains and maybe nighttime/weekend freight traffic its all electric. The North Brunswick station would simply add a stop on a current rail line, so the trains are already passing through. The station itself won't really cause any extra noise except maybe some brake squeal now and then along with the sound of the bell as the train comes to a stop.
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