Exploring Housing in Warren County: What $350,000 Buys You
For many prospective homebuyers, navigating the real estate market can often feel like deciphering a foreign language. In Warren County, New Jersey, recent property sales offer insight into what $350,000 or less can acquire. Between December 8 and December 14, a selection of seven properties sold, providing a glimpse into the available options for buyers.
A Closer Look at Recent Sales
Here's a breakdown of notable properties that were sold for $350,000 or below during that period:
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359 Firth Street, Phillipsburg, NJ - $350,000
This single-family home, built in 1900, spans 1,663 square feet, equating to $210 per square foot. It offers ample living space on a 4,966-square-foot lot. -
1002 Deerhaven Terrace - $349,000
This modern condo, built in 2000, sold for $295 per square foot, covering 1,184 square feet overall. -
124 Red School Lane, Phillipsburg, NJ - $341,000
This detached house from 1950 features 780 square feet of living area, with a larger 7,405-square-foot lot. -
130 Elmhurst Drive, Phillipsburg, NJ - $315,000
This house offers a cozy space of 1,080 square feet for $292 per square foot. -
280 Bates Street, Phillipsburg, NJ - $292,000
Constructed in 1890, this single-family home boasts 1,168 square feet at $250 per square foot. -
653 Colby Court, Hackettstown, NJ - $290,000
This property, built in 1989, provides 1,086 square feet of living space for $267 per square foot. -
1 Park Street, Belvidere, NJ - $265,000
This charming home includes 1,596 square feet of space at $166 per square foot.
The Bigger Picture: Real Estate Trends in Warren County
Recent sales illustrate the diverse housing options available in Warren County, making it an attractive option for those searching for homes. New Jersey's real estate market has unique trends, affecting pricing dynamics and competitive landscape. By understanding these aspects, buyers can make informed choices.
Market Insights and Value of This Information
Understanding housing prices in local contexts like Warren County is vital for prospective buyers who often face uncertainty. By familiarizing themselves with properties sold in their price range, they can gauge if their budget aligns with what’s available. This knowledge extends beyond immediate sales; it opens discussions on location desirability, amenities, and future investment opportunities.
Decisions You Can Make With This Knowledge
Armed with data about current sales, prospective buyers can better strategize their purchase. Recognizing the types of homes available for $350,000 can define their expectations and aid in narrowing their search. For example, if a buyer aspires to live in a certain area, understanding what $350,000 can secure in that specific location opens routes for negotiation and foresight in future property value appreciation.
Invite Community Participation in the Local Market
The housing market isn't just a numbers game; it's about community engagement. If you're active in the Warren County area or looking to invest, staying informed helps everyone in the local market. Join community forums, attend local real estate workshops, or consult with real estate agents familiar with the local landscape to take your investment strategy to the next level.
In conclusion, whether you're a first-time homebuyer, considering an upgrade, or scouting investment opportunities, understanding the real estate landscape is critical. Stay informed, engage with local trends, and participate in your community’s property market to make the most out of your investments.
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