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Old 01-26-2017, 10:20 AM
 
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Quote:
Originally Posted by Mightyqueen801 View Post
In the towns people have suggested, are there really SF houses with yards under $250K?

I didn't think so, but no one seems to be saying anything, so maybe there is.
Oh yeah, Belleville is chock full of them. I mean, they're not large yards, most houses are going to be called "cozy" and "quaint," and the schools are lousy, but the houses are certainly there.
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Old 01-26-2017, 10:31 AM
 
Location: Elsewhere
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Originally Posted by jaymoney View Post
Oh yeah, Belleville is chock full of them. I mean, they're not large yards, most houses are going to be called "cozy" and "quaint," and the schools are lousy, but the houses are certainly there.
OK, thanks. I am not impressed with Belleville, but it might be OK for someone who is used to Astoria.
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Old 01-26-2017, 10:57 AM
 
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Thanks again for the honest input. We've lived in in 520 square feet for a long time, what you may think of as cozy and quaint I have a feeling would seem pretty big for us.

The S. Amboy suggestion is a good idea, just a bit too far. I'm glad I posted because it seems what I want and what I can afford are looking to be quite different. Bloomfield sounds like the best bet so far.

I know elizabeth was written off pretty much immediately, I've heard there are some nice neighborhoods like Elmora. How is the triangle of land that is created by the Elizabeth town center, Kean Univ, and the Roselle Park stop? is that a safe area?

thanks!
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Old 01-26-2017, 01:29 PM
 
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OP - Thanks for sharing more context. Going to be brutally honest here so please do take it with grain of salt.

250k is a lot of money but at the same time, not a lot of money for buy at all in our area. With time horizon of 5years before needing to move again...its a gamble. It may cost more money for you to own for only 5 years before selling and buying again. Or you could luck out and land with lot of capital gains that you can plow into your new home.

What I'm trying to say is that, with 250k budget, long commute, and time horizon of 5 years. You may want to reconsider buy feasibility. While real estate is all about location location location. Break even point that gets tossed around a lot is 5-7 years and you are talking about 5 years. Think about it carefully, do the numbers, as being home owner...especially if you own a house rather than condo unit...is very expensive. May be cheaper to rent and save more money for large downpayment while you continue to increase your income.

Last edited by babo111; 01-26-2017 at 02:33 PM..
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Old 01-27-2017, 07:45 AM
 
115 posts, read 145,020 times
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Quote:
Originally Posted by babo111 View Post
OP - Thanks for sharing more context. Going to be brutally honest here so please do take it with grain of salt.

250k is a lot of money but at the same time, not a lot of money for buy at all in our area. With time horizon of 5years before needing to move again...its a gamble. It may cost more money for you to own for only 5 years before selling and buying again. Or you could luck out and land with lot of capital gains that you can plow into your new home.

What I'm trying to say is that, with 250k budget, long commute, and time horizon of 5 years. You may want to reconsider buy feasibility. While real estate is all about location location location. Break even point that gets tossed around a lot is 5-7 years and you are talking about 5 years. Think about it carefully, do the numbers, as being home owner...especially if you own a house rather than condo unit...is very expensive. May be cheaper to rent and save more money for large downpayment while you continue to increase your income.
I would have to agree with this assessment.

I would also agree with a previous poster who suggested Ironbound.

However, with 250k even in Ironbound, you are not likely to have a yard and it will more than likely be a "fixer upper"... for sake of comparison... I know of someone who recently purchased a condo in Ironbound (1,000 sq ft). 2 bed/1.5 bath--however, the renovation costs were close to 50k... (parking was included, and elevator building, but no yard)... although in Ironbound you probably wouldn't need a yard as there are several parks (and, one of the parks will actually be expanding all the way down to the start of university heights--near downtown Newark).

You could also consider Kearny. It has more of a family feel... (higher property taxes)... and, may be difficult to find a home at your price point.

You can do a search on this thread for "Ironbound" "Kearny"-- and, even "Harrison" (if you want to consider apt living)

North Arlington and Lyndhurst may also be an area you want to consider (if you could possibly increase your budget a bit)... you may be able to find something near the train station there or within a reasonable drive to Harrison Path station. (However, property taxes will also be high in these areas)
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