Category Archives: Comp Killer

Spy house still empty, Fitz-Hume and Millbarge disapprove.

From the NY Times: ‘Spy House,’ a Decrepit Reminder of Betrayal, Sits Empty in New Jersey Amid the 75 houses inside the oak-lined, no-outlet neighborhood, a single home stands unoccupied, a celebrity eyesore. Inside the house, the baseboards have been … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 53 Comments

Murder Shmurder

From the Philly Inquirer: On the House: On disclosure, and homes that languish on market Lately, I have been going back to two things our listing agent drummed into my head when we were selling our last house. Disclose, disclose, … Continue reading

Posted in Comp Killer, General, New Jersey Real Estate | 89 Comments

Inquirer takes a slam at South Jersey (for good reason)

From the Philly Inquirer: N.J.’s local tax bills keep spiraling upward Ted Marvel pays $4,900 in annual property taxes on his 1,000-square-foot home in the heart of Collingswood. In fact, his monthly tax bill – $407 – is starting to … Continue reading

Posted in Comp Killer, Politics, Property Taxes, South Jersey Real Estate | 91 Comments

Corzine Comp Killer

From Bloomberg: Corzine’s Hoboken Penthouse Sells at a 14% Loss for $2.8 Million A Hoboken, New Jersey, penthouse belonging to Jon Corzine, the former chairman of bankrupt MF Global Holdings Ltd. (MFGLQ), sold for $2.8 million, 14 percent less than … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 117 Comments

Après-ski (or sled) open discussion

Some weekend gossip, from the Real Deal blog: NBA veteran suffers big loss on NJ condo sale Atlanta Hawks center Jason Collins sold his North Bergen condo — fully stocked with electronics and furniture — at a 58 percent loss … Continue reading

Posted in Comp Killer | 106 Comments

Bergen and Essex County Mega Comp Killers!

Wooooooooo!!! Double comp killer weekend! Might just bring a tear to my eye. From AMHS: Hi Grim. Hello all. I’m a long time lurker—thoroughly addicted to this blog for many, many years now. We just moved into our Montclair REO—-we … Continue reading

Posted in Comp Killer, Housing Bubble, New Jersey Real Estate | 296 Comments

Lowball: Bruce Edition

From Housing Watch: Springsteen Takes a Loss on House Sale Bruce Springsteen, winner of 20 Grammy Awards, has sold one of his two neighboring homes in Florida’s Palm Beach County for $1 million less than its original list price, reported … Continue reading

Posted in Comp Killer, Lowball, National Real Estate | 366 Comments

Comp Killer: WSJ Edition (or How You Can’t Go Wrong With Jersey Shore)

From the Wall Street Jounal: Jersey Shore Retreat ## River Rd, Island Heights, NJ (Ocean County) 4 Bedrooms 3.1 Baths Riverfront with Dock Purchased: 2006 Purchase Price: $1,825,000 Approximately $200,000 in updates. Current Asking: $1,650,000 Reason for Sale: Can’t afford … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 250 Comments

July Comp Killer!

Hat tip to ww4b for the Hunterdon and Warren comp killers, more to follow. Hunterdon Comp Killers 660 County Rd 579, Alexandria Twp NJ Purchased: 9/17/2004 Purchase Price: $440,000 MLS# 2670578 Listed: 4/2/2009 List Price: $429,000 Sold: 7/24/2009 Sale Price: … Continue reading

Posted in Comp Killer | 137 Comments

Fourth of July Weekend Comp Killer!

Welcome to another edition of Comp Killer! Warren County Comp Killers, June 1st thru 30th. Double hat tip to willwork4beer for providing the Warren killers as well. Some additional color: Warren County Comp Killers. Out of 69 completed sales in … Continue reading

Posted in Comp Killer | 148 Comments

Brigadoon Mega-Comp-Killer

Many don’t know that Brigadoon is what Westfield-insiders refer to their town as when among locals. Really! Only outsiders call it Westfield and you’d stick out like a sore thumb if you called it that to someone familiar with the … Continue reading

Posted in Comp Killer, Housing Bubble, North Jersey Real Estate | 299 Comments

March Comp Killer 2!

Morris Comp Killer! (in progress, keep checking back. Price descending order, so scroll through to see updates) MLS# 2609747 132 Ormont Rd, Chatham NJ Purchased: 9/13/2005 Purchase Price: $890,000 Sold: 3/12/2009 Sale Price: $726,000 18.4% below 2005 purchase price MLS# … Continue reading

Posted in Comp Killer | 148 Comments

March Comp Killer!

Bergen Comp Killer! MLS# 2845722 15 Terhune Ct, Upper Saddle River NJ Purchased: 6/1/2006 Purchase Price: $1,600,000 Original List Price: $1,699,000 Sold: 3/6/2009 Sale Price: $1,250,000 21.9% below 2006 purchase price MLS# 2829680 123 Woodland Ave, Ridgewood NJ Purchased: 8/29/2006 … Continue reading

Posted in Comp Killer | 164 Comments

February Comp Killer!

Here are a sampling of properties that have closed across Northern NJ over the past 20 days or so (excludes Morris, see the Morris Comp Killer by clicking the “Comp Killer” shortcut on the right). It might help to read … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 361 Comments

Morris County Comp Killers

Take a deep breath, a sip of coffee, and repeat after me: Home prices can fall. Home prices can fall. Home prices can fall farther than I believe possible. Home prices can fall for longer I believe possible. My/Your home … Continue reading

Posted in Comp Killer, Housing Bubble, Lowball, New Jersey Real Estate | 317 Comments