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Kahdena Road Colonial Sells for $525K

Nine properties went off the market recently in Morristown, Morris Township and Morris Plains.

Nine properties were sold in Morristown, Morris Township and Morris Plains this past week, including a house in Morris Plains that ended up selling for $5,000 higher than its listing price. Must be the neighborhood.

Here are some details about what went off the market:

Morristown

Address Style Total Rooms Bedrooms Baths List Price Sold Price 15 Wisteria Terrace Colonial 8 3 1.1 $360,000 $345,000 7 Dorado Drive Unit C Townhouse-Interior 7 2 2.1
$350,000 $350,000 7 Prospect St. Unit 605 High Rise-One Floor Unit 3 1 1 $289,900 $280,000 4 Willard Place Cape Cod 5 3 1.1 $225,000 $220,000

Morris Township

Address Style Total Rooms Bedrooms Baths List Price Sold Price 38 Kahdena Road Colonial 8 4 2.1 $549,900 $525,000 21 Pilgrim Court Townhouse-Interior 7 3 2.1
$434,900 $416,500 174 Western Ave. Colonial 7 3 2.1 $375,000 $365,000

Morris Plains

Address Style Total Rooms Bedrooms Baths List Price
Sold Price 16 Tower Hill Road Colonial 9 4 2.1 $525,000 $530,000 75 Malapardis Road Colonial 7 3 2
$435,000 $425,000

Nearby

See what sold in ParsippanyMadisonEast Hanover and Florham Park.

Katrina October 14, 2012 at 01:43 PM
You cannot tell by this chart but, some of these homes were previously listed at higher prices. When the houses are listed at a price where the buying public sees value, the homes are sold quickly. We have seen this trend over the course of 2012. With sellers listing at more realistic prices, buyers seeing value and mortgage rates still at all time lows, we can expect an even stronger market in 2013 than we did this year. Good news for all.
Mary E Rowlands October 15, 2012 at 02:05 AM
What we are seeing is what passes for a normal RE market. That 5-20k quibble room is normal and appropriate. What was going on in 2005, et al what just plain nuts!?? Was anyone besides me waiting for the other shoe to drop? Perhaps that was supposed to be the new "normal." But economics is based in math and math is an absolute science.

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