A charming home that has been expanded and renovated – just minutes to the center of Morristown. 3 bedrooms, 2.1 baths, private patio. If you would like more photos of this home and information, visit my website www.AdrienneFrancis.com or call me at (201) 259-4449 for a viewing.

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Home for sale – 34 Emily in Basking Ridge

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Located on one of Basking Ridge’s prettiest streets, with sweeping estate properties and towering trees, this superb custom-built home offers prospective buyers many amenities, both inside and out. A cedar-shake roof, transom windows, vaulted ceilings, and true-divided light windows are just some of the appurtenances that make this house special. The entrance foyer with two coat closets and inlaid hardwood floor sets a gracious tone. Following a traditional center-hall configuration, the dining room, with chair rail and crown molding, and the elegant living room, whose fireplace wood mantel is embellished with old-style decorative milling, flank the hall.  The impressive double-story family room is large and light, featuring a wood-burning fireplace with raised hearth and stone chimney at one end, and built-in cabinets at the other. The wood-paneled first-floor library with a marble fireplace offers a quiet sanctuary, with one of the home’s two powder rooms near-by.

Hardwood floors extend to the wonderful, bright  kitchen and breakfast area, whose many enhancements include an island with seating and custom tile backsplash. A walk-in food pantry and a butler’s pantry will meet all the needs of family and entertainment. The showpiece of the bedroom level—with three full baths and a laundry room— is the master wing. A spacious sitting room and double doors to the dressing area and sky-lit bathroom with Jacuzzi make this an eye-catching suite of rooms.  Also on this level are three additional spacious bedrooms, and a bonus room featuring built-in bookcases and a charming window seat, for use as recreation room or as part of a guest suite.  Separate stairs to the kitchen offer private access. Enjoy the walled garden and park like setting of this 2+ acre property from the two South American ipé decks or the wonderful New England-style screened porch.  Offering a wealth of extras, such as an irrigation system for the rear plantings , multi-zone security, as well as an oversized 3 car garage, this lovely home, boasting a Far Hills mailing address and the highly-rated Basking Ridge schools, is hard to beat. For a showing or if you have any questions, call Adrienne at (201) 259-4449. For more photos and a floor plan, visit www.AdrienneFrancis.com .

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New Jersey home sales improved for the 10th straight month but skyrocketed in March recording a 35% increase in homesales compared to last year. The driving forces behind the increase are pent-up demand over the past few years coupled with low mortgage rates and the federal home buyer tax credit program. Another likely contributor was a lower level of activity in February due to severe winter storms which deferred some home purchases into March. February sales activity would normally have risen steadily leading up to the prime Spring selling season. Now we are all waiting to see what happens as today is the last day to take advantage of the government tax credits, both with move up buyers and first time home buyers. Stay tuned!

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This is a question that is clearly on peoples minds today. The real estate market, especially in Basking Ridge and a few other area towns has been nothing short of fantastick. In the lower end because Federal tax credits have been a huge stimulus but more remarkable is the luxury home – over 1.5 million that is really beginning to rally. In areas like Harding, three and four million dollar homes are going under contract like we have not seen there in three years. So will it continue to improve? Will higher interest rates kill the momentum? While Jumbo financing has loosened considerably, the Fed’s selling off of bonds along with halting it’s emergecny program to buy mortgage debit, will clearly send rates higher. A 30 – year fixed rate mortgage is up a half point since December. Each increase of 1 percentage point adds as much as 19% to the total cost of a home. The mortgage rate is expected to be 6% by the end of this year.
So this easily could have a serious effect on the housing market. It also means that credit card rates and car loans will cost more so overall consumers will be spending more. The momentum is NOW so I believe it’s the best time to sell. No one has a crystal ball to say what will happen tomorrow but we can’t dispute momentum. People believe prices have bottomed out, interest rates are still reasonably low, there is a tremedous amount of pent up demand and the momentum is there. So if you are considering downsizing or upsizing, it’s a great time to do it.

 

 

When you choose me to handle your Basking Ridge Real Estate needs, you choose a realtor® who cares about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. I am very familiar with all types of real estate and homes for sale in Somerset County and I specialize in Basking Ridge, Bernardsville and Harding. I am also experienced with staging and preparing homes for sale in the Basking Ridge area, particularly homes that did not sell the first time. I am dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service. Call or email me to see how I can transform your real estate experience. (201) 259-4449 Adrienne@AdrienneFrancis.com

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For listings of Basking Ridge homes for sale or homes anywhere in Morris or Somerset County visit my site at www.AdrienneFrancis.com
or call me at 201-259-4449.

Basking Ridge has an area of approximately 25 square miles and a population of 27,000.  It is lush with parks, bike and walking trails, golf clubs, scenic country roads and a very charming and historic center of town. This section of town is lined with homes and shops that date back to the revolution. Basking Ridge is not only extremely charming, it’s also very sophisticated, with fine restaurants, golf and country clubs, many local private schools, a public school system that is one of the best in the state, local shopping and with close proximity to the Bridgewater Mall and the renowned Mall at Short Hills just a short drive away.  Nature and history abound with nearby historic Colonial Morristown, “Jockey Hollow” National Park, the Great Swamp National Wildlife Refuge and Lord Stirling Park, to name just a few

Basking Ridge is about 25 minutes from Liberty International Airport, 45 minutes to New York City and the Jersey Shore is but an hour away. It has easy access to Routes 78, 202, 206 and 287 just minutes away. Transportation into New York City is accessed by nearby highways, bus servic as well as New Jersey Transit Mid-Town Direct Service from both the Basking Ridge and Lyons train stations.  Numerous pharmaceutical and communications corporations are close by and make Basking Ridge and excellent choice to live and work.

Basking Ridge has something for everyone. First time home buyers, those downsizing to a luxury townhouse overlooking the New Jersey National golf course or those desiring an estate property, it’s all here in Basking Ridge.

To see the video on Youtube visit here:

http://www.youtube.com/watch?v=ey8FMHw29h8

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In spite of the snow that still seems to be everywhere, this really is the Spring home selling season. It’s time to get your home on the market before a dozen more homes are competing for the same spot. The first time and move up buyers tax credits expire the end of April. A buyer needs to be under contract by April 30th and closed by June 30th and the home for a move up buyer must be under $800,000. This does not leave you much time to get your home on the market and buyers are out there buying now! Basking Ridge homes are receiving multiple offers and bidding wars at many price levels. We really do not have much inventory at many price points. If you want to stand out, your home should be on the market now, not in another month or two when everyone else is. So start sprucing up, painting and de-cluttering. Hiring a stager or having your agent help you stage is the best thing you can do to sell your home quickly. Pull up old wall to wall carpeting and have your floors finished. Take down as much wall paper as you can and paint with subtle colors.
No one wants to deal with taking up carpets an taking down wallpaper. If you don’t do it, your home will sit longer and very possibly sell for much less than if you had done the work yourself. Waste no time to reap the most benefits from this fabulous buying frenzy happening now!
Happy home selling!
If you have any questions about buying or selling your home, give me a call at 201 259-4449 or email me at Adrienne@AdrienneFrancis.com.

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