Collections, Volume V

COLLECTIONS Volume V Spring/Summer 2016

WE ARE

Opening Doors in The Rose City We are pleased to announce that Kienlen Lattmann Sotheby’s International Realty is coming to Madison in 2016. During the construction of our new office at 223 Main Street (across from Whole Foods), our experienced team of associates will be operating from our Basking Ridge facility. Starting immediately, however, you will see our “For Sale” signs on many properties in the area with our new Madison phone number (973.377.7785).

As one of the fastest growing real estate brokerages in northern and central New Jersey, we are excited to become part of the Madison community and are well-positioned to service clients in Madison, Chatham, Summit, New Vernon, Berkeley Heights, New Providence, Long Hill Township, Florham Park, Morris Township (including Convent Station), Morristown, and the surrounding areas.

223 MAIN STREET

•

MADISON

68 North Finley Avenue, Basking Ridge | 908.696.8600 454 Main Street, Bedminster | 908.719.2500 klsir.com | sir.com

Our experienced associates have served scores of satisfied clients while overseeing nearly $500 million of closed real estate transactions in the communities listed above. Now, with the unparalleled Sotheby’s International Realty marketing engine at their fingertips, our associates are excited to demonstrate what sets us apart from conventional real estate brokerages.

We are pleased to present our latest edition of Collections magazine, a publication highlighting a sampling of the unique real estate opportunities available within the Somerset, Morris, Hunterdon, and Union County areas.

As one of the fastest growing real estate firms in northern and central New Jersey, we recently announced that our company is expanding and opening an office in Madison. Our new location affords buyers and sellers the opportunity to leverage our powerful real estate marketing platform within Madison and its neighboring communities. While the construction of our new Main Street location progresses from the ground up, we have already welcomed several highly respected and experienced local associates to our firm.

In our ongoing quest to provide buyers and sellers with real-time expertise to complex situations, our most recent FLASH Poll focuses on the possible effect of adverse property conditions on the market value of their property. We are now leveraging these results as we assist our clients with making informed decisions throughout the marketing or purchase of their home. See page 25 for additional details.

IN THIS ISSUE Market Analysis.........................4 -5 On The Market........................6-24 Flash Poll....................................25 Recently Sold..........................26-30 Sotheby’s Auction.......................31

Regardless of price point, our top priority remains providing resourceful market knowledge and data to each of our clients, whether it be in the form of quantitative market performance data or real estate industry trends. In our previous issue, we projected that 2015 would show marginal improvement from the prior year (in the mainstream price levels) primarily resulting from continued low interest rates and relatively low inventory. For an in-depth look at how your community has performed, view our full analysis on pages 4-5. As always, we welcome the opportunity to explore how the market may align with, or influence, your real estate objectives.

Jerry Kienlen President

Michael Lattmann Broker of Record

Cover property, 450 Mendham Road, Bernardsville, New Jersey.

Listed by Kienlen Lattmann Sotheby’s International Realty.

For additional listing information, see page 13.

THE MARKET

Year-over-year change in median sales price by county

MORRIS 1.1% UNION (1.5%)

A 2015 year in review of our surrounding communities.

SOMERSET (4.6%) HUNTERDON (3.8%)

JANUARY 1 – DECEMBER 31

Total proper ties sold by county 5,000 M

M

U

U

4,000

M U

3,000

S 2,000

1,000 Based on data available from the Garden State Multiple Listing Service. Year-over-year comparisons analyzed January 1 through December 31 of each year.

S

S

H

H

H

2013

2014

2015

Properties marketed below $1 million MEDIAN SALES PRICE

2015

SOLD PROPERTIES

AVG DAYS ON MARKET

2014

2015

2014

2015

2014

Properties marketed above $1 million

LIST/SALE PRICE RATIO

2015

SOLD PROPERTIES

2014

2015

AVG DAYS ON MARKET

2014

2015

2014

LIST/SALE PRICE RATIO

2015

2014

Bedminster

$335,000



$330,000

179

181

64

49

97.7%

98.7%

10

5

159

374

92%

91.4%

Berkeley Heights

$572,500



$530,000

143

141

64

48

97.5%

98.2%

6

11

28

60

95.5%

96.5%

Bernards Township

$565,000



$585,000

340

357

53

43

97.8%

98.4%

63

75

70

62

96.5%

97.1%

Bernardsville

$614,200



$525,000

62

72

65

76

96.6%

96.2%

25

18

143

121

93.1%

90%

Branchburg

$425,000



$365,000

195

159

65

67

97.1%

97.5%

17

2

17

204

98.6%

100%

Bridgewater

$424,000



$420,000

556

481

59

57

97.7%

97.9%

13

11

44

105

96.2%

92.7%

Califon

$285,000



$285,610

17

14

86

189

97.4%

95.4%

—

—

—

—

—

—

Chatham Borough

$681,000



$680,000

97

83

47

43

99.8%

99%

20

15

55

23

98.8%

100.6%

Chatham Township

$862,000



$865,000

123

115

47

46

98.5%

98.5%

86

74

55

62

97.5%

97.5%

Chester Borough

$465,000



$392,000

27

21

81

110

95.9%

92.8%

—

—

—

—

—

—

Chester Township

$715,000



$610,000

71

100

93

83

96.5%

97%

20

11

129

78

93.8%

94.9%

Clinton Town

$343,000



$316,000

36

35

78

58

96.9%

95.9%

—

—

—

—

—

—

Clinton Township

$374,000



$394,000

168

178

71

72

97.3%

97.3%

2

3

72

73

95.1%

95.3%

Far Hills

$760,000



$800,000

7

10

97

140

95.2%

93.3%

2

5

86

168

86.1%

91.9%

Florham Park

$607,500



$593,000

87

80

51

53

98.1%

97.8%

20

17

97

85

96.3%

97.5%

Harding

$999,999



$1,250,000

22

16

99

73

97.2%

96.6%

26

25

117

123

91.4%

92%

Lebanon Township

$350,000



$360,000

69

58

115

87

97.5%

95.4%

1

2

709

84

94.9%

92.2%

Long Hill Township

$506,000



$490,000

106

112

71

53

97.1%

97.4%

1

—

156

—

94.2%

—

Long Valley

$435,000



$429,000

197

178

92

86

97.5%

96.6%

2

1

70

367

97%

71.4%

Madison

$670,000



$675,000

133

126

49

48

98.4%

98.4%

44

38

43

57

97.7%

97.1%

Mendham Borough

$615,000



$575,000

60

68

83

49

96.9%

96.1%

9

9

140

130

94.3%

93.9%

$900,000



$790,000

56

49

90

75

96.7%

93.6%

33

27

89

80

96%

93.9%

$1,200,000  $1,150,000

134

145

40

35

100.4%

100.7%

177

185

47

57

98.4%

98%

Mendham Township Millburn / Short Hills Morris Plains

$472,000



$451,250

66

79

53

53

96.9%

97.3%

—

—

—

—

—

—

Morris Township

$585,000



$550,000

305

326

63

50

97.4%

97.6%

28

18

77

99

93.6%

94.5%

Morristown

$415,000



$410,000

162

168

45

56

98.3%

97.3%

4

6

18

92

97.9%

94.2%

New Providence

$599,000



$566,000

167

119

53

56

99.3%

99.2%

10

9

94

74

96.1%

97%

Peapack-Gladstone

$625,000



$780,000

24

15

107

55

96%

97.6%

2

7

185

68

88.9%

95.9%

Randolph

$475,500



$465,000

280

248

69

63

98.2%

97.1%

4

4

126

74

95.4%

95.2%

Readington

$375,000



$405,000

204

188

83

74

96.6%

97.4%

6

1

140

97

94.4%

83.7%

Summit

$807,500



$755,000

178

180

47

41

98.3%

99.1%

106

80

43

42

97.6%

98.3%

Tewksbury

$660,000



$685,000

70

70

122

104

96.1%

94.6%

9

14

226

133

94.8%

89.1%

Warren (Somerset County)

$675,000



$750,000

113

131

72

67

97.2%

96.9%

42

43

84

82

95.3%

95.3%

Watchung

$635,000



$650,000

60

61

88

96

97.4%

97.1%

11

14

118

139

96.1%

94.1%

ON THE MARKET

BASKING RIDGE

59 WHITENACK ROAD | 59Whitenack.com

4 Bedrooms | 3.0 Baths | 3.0 Acres | $728,000

• Antique Colonial with potting shed and koi pond • Exterior includes barn with 2-car garage, two-room studio, and second-floor loft

THE WORTH OF A HOME can be found in details that truly define uniqueness—as simple as a centuries old fireplace that retains the historic permanence of time past, or as grand as a rooftop promenade atop a landscape of city lights. So, to us, it’s not simply the size of the property, the number of bedrooms, or even the price, but more about the distinct character that makes a home wor thy of being called exceptional.

This is our world.

JOANN DEADY | 908.601.2922 | jdeady@klsir.com

BASKING RIDGE

5 N. VOORHEES DRIVE | 5NoVoorheesDrive.com

4 Bedrooms | 2.2 Baths | 0.53 Acres | $849,000

• Well maintained Colonial in desired cul-de-sac location • Exceptionally designed kitchen; four season sunroom FLO COX | 908.229.5507 | fcox@klsir.com

ON THE MARKET

BASKING RIDGE

15 WHITETAIL LANE | 15WhitetailLane.com

BASKING RIDGE

165 ANNIN ROAD | 165Annin.com

4 Bedrooms | 2.1 Baths | 0.33 Acres | $919,000

4 Bedrooms | 3.1 Baths | 1.25 Acres | $1,175,000

• Generous open floorplan on a quiet cul-de-sac in The Hills • Large eat-in kitchen opens to family room

• Sophisticated appointments blend exceptional detail and design • Classic custom Stonehedge home

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

JOANN DEADY | 908.601.2922 | jdeady@klsir.com

BASKING RIDGE

BASKING RIDGE

30 ELIZABETH STREET | 30ElizabethSt.com

232 SOMERVILLE ROAD | 232SomervilleRoad.com

5 Bedrooms | 4.1 Baths | 0.93 Acres | $1,275,000

5 Bedrooms | 4.1 Baths | 2.08 Acres | $1,299,000

• Elegant custom designed Colonial blends formal and country appointments • 9' first and second floor ceilings, hardwood floors and spacious rooms

• Elegant, custom-built home with endless indoor and outdoor entertaining options • Meticulously finished walk-out lower level with 750-bottle wine storage

JOANN DEADY | 908.601.2922 | jdeady@klsir.com

AMANDA RYAN | 908.642.5045 | amandaryan@klsir.com

KLSIR.com | 7

ON THE MARKET

BASKING RIDGE

207 SOMERVILLE ROAD | 207SomervilleRoad.com

BASKING RIDGE

9 CONKLING STREET | 9ConklingStreet.com

4 Bedrooms | 4.2 Baths | 2.14 Acres | $1,299,000

5 Bedrooms | 4.2 Baths | 0.63 Acres | $1,325,000

• Spacious with open flow between rooms; family room and hearth room fireplaces • 4-car garage, finished walk-out lower level with wet bar; built-in pool and deck

• Feature-rich Colonial; high ceilings, custom millwork, wide plank cherry hardwood flooring • Lower level theatre, wet bar with slate and copper details, billiards area and exercise room

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

BASKING RIDGE

BASKING RIDGE

60 CANTERBURY WAY | 60CanterburyWay.com

37 BUTTERNUT LANE | 37ButternutLane.com

5 Bedrooms | 5.1 Baths | 1.34 Acres | $1,625,000

6 Bedrooms | 7.2 Baths | 9.32 Acres | $1,750,000

• Bright and spacious classic Colonial on a private neighborhood lot • Finished walk-out lower level, 3-car garage, deck and patio

• Custom Mark Built home in the perfect neighborhood • Fabulous entertainment level with media room, bar and wine cellar

SUSAN ANASTASIA | 908.963.8457 | sanastasia@klsir.com

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

8 | KLSIR.com

ON THE MARKET

BASKING RIDGE

31 PRIMROSE LANE | 31PrimroseLane.com

BASKING RIDGE

6 TALL TIMBER LANE | 6TallTimberLane.com

5 Bedrooms | 5.1 Baths | 2.51 Acres | $1,899,000

5 Bedrooms | 5.1 Baths | 2.03 Acres | $2,475,000

• Private cul-de-sac location with patios and in-ground pool • Walk-out finished lower level with home theatre and exercise room

• Elegant new construction with top-of-the-line finishes; spacious rooms throughout • Grand entry foyer, impressive kitchen, master suite with balcony/porch

WILLIAM ‘BILL’ ROLLER | 908.216.3128 | broller@klsir.com

JEROME KIENLEN | 908.432.8740 | jkienlen@klsir.com

BASKING RIDGE

BASKING RIDGE

55 WISTERIA WAY | 55Wisteria.com

5 Bedrooms | 4.2 Baths | 3.03 Acres | $2,575,000

• Shingle style residence offering the finest finishes; gourmet kitchen, 4-car garage • Bluestone patio with fireplace, outdoor kitchen with Lynx grill JEROME KIENLEN | 908.432.8740 | jkienlen@klsir.com MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

49 WISTERIA WAY | 49WisteriaWay.com

6 Bedrooms | 6.2 Baths | 9.38 Acres | $2,895,000

• Elegant shingle style residence filled with custom features, set on over nine lush acres • Walkout lower level features gym, sauna, media/recreation room, wine cellar and bar MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

KLSIR.com | 9

ON THE MARKET

BEDMINSTER

31 SKI HILL DRIVE | 31SkiHillDrive.com

BEDMINSTER

520 POTTERSVILLE ROAD | 520Pottersville.com

3 Bedrooms | 3.0 Baths | 1.04 Acres | $539,000

7 Bedrooms | 8.2 Baths | 13.38 Acres | $3,399,000

• R anch style home on a cul-de-sac; bright and inviting; walk-out lower level • Close access to NJ Transit and Route 206

• Resort-like amenities include pool and poolhouse, spa, and sport court • Impressive one bedroom apartment; over 8,000 square feet of living space

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

LIANE DOBSON | 973.476.3485 | ldobson@klsir.com

BEDMINSTER

BERNARDSVILLE

440 HOLLAND ROAD | OldAcreEstate.com

10 CHARLOTTE HILL DRIVE | 10CharlotteHillDrive.com

6 Bedrooms | 5.2 Baths | 106.20 Acres | $4,950,000

3.67 Acres | $750,000

• ‘Oldacre’ is a 106-acre estate compound held in three parcels; breathtaking views • 1928 main residence, updated cottage, farmhouse & one bedroom apartment

• Build your country estate—building plans are available or bring your own • This exceptional wooded lot is minutes from town and major transportation

DEBRA ROSS | 908.285.0666 | dross@klsir.com

DONNA GODUTI MOORE | 908.625.8757 | dmoore@klsir.com

10 | KLSIR.com

ON THE MARKET

BERNARDSVILLE

134 RIPPLING BROOK WAY | 134RipplingBrookWay.com

4 Bedrooms | 4.0 Baths | 3.16 Acres | $899,000

• Atrium open to generous public rooms for fabulous entertaining • Serene lifestyle with first floor master suite exiting to pool LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com ANNE MAYO FERRANTE | 973.214.9841 | aferrante@klsir.com

BERNARDSVILLE

1 SOMERSET AVENUE | 1SomersetAvenue.com

BERNARDSVILLE

10 PFIZER ROAD | 10PfizerRoad.com

4 Bedrooms | 2.1 Baths | 5.76 Acres | $889,000

• Historic Pfizer Estate carriage house and original barn • Three fireplaces and original wide-plank pine floors ERICA LEVEY | 908.625.8488 | elevey@klsir.com

BERNARDSVILLE

110 JOCKEY HOLLOW | 110 JockeyHollowRd.com

4 Bedrooms | 4.1 Baths | 0.30 Acres | $974,000

5 Bedrooms | 3.2 Baths | 5.03 Acres | $1,275,000

• Exquisite arts and crafts styled home; custom details throughout; cove ceilings • Gourmet kitchen; finished lower level with media room, wine cellar and full bath

• Frank Lloyd Wright inspiration; skylights, walls of windows, spacious layout • Woodlands and privacy on renowned Bernardsville Mountain; studio apartment

WILLIAM CAREY | 908.227.3289 | wcarey@klsir.com

MEGAN BONANNO | 862.812.0634 | mbonanno@klsir.com

KLSIR.com | 11

ON THE MARKET

BERNARDSVILLE

14 CHARLOTTE HILL DRIVE | CharlotteHillDrive.com

BERNARDSVILLE

140 STONE FENCE ROAD | StoneFenceRoad.com

5 Bedrooms | 4.2 Baths | 1.57 Acres | $1,789,000

6 Bedrooms | 6.2 Baths | 5.66 Acres | $1,925,000

• Custom Colonial; hardwood floors throughout; master suite with sitting room • Finished lower level; 4-car garage; expansive patio overlooks private rear yard

• Cul-de-sac setting in coveted neighborhood; detailed millwork and finishes • Second level great room, finished walk-out lower level with bedroom; 4-car garage

DEBRA ROSS | 908.285.0666 | dross@klsir.com

DEBRA ROSS | 908.285.0666 | dross@klsir.com

BERNARDSVILLE

BERNARDSVILLE

43 SKYLINE DRIVE | 43SkylineDrive.com

101 BOULDERWOOD DRIVE | BoulderwoodDrive.com

6 Bedrooms | 5.2 Baths | 5.02 Acres | $1,999,500

5 Bedrooms | 6.1 Baths | 5.57 Acres | $2,299,000

• Exquisite architectural design on Bernardsville Mountain • Three levels of living space, secluded pool and terrace

• ​Sophisticated Bernardsville Mountain residence; t​ hree levels of living space • Extensive renovations and additions; finished walk-out lower level; pool/spa

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

DEBRA ROSS | 908.285.0666 | dross@klsir.com

12 | KLSIR.com

ON THE MARKET

BERNARDSVILLE

335 MENDHAM ROAD | 335MendhamRoad.com

BERNARDSVILLE

63 CHARLES ROAD | 63CharlesRoad.com

6 Bedrooms | 7.1 Baths | 6.10 Acres | $2,595,000

5 Bedrooms | 6.2 Baths | 7.19 Acres | $2,995,000

• Stunning newly completed custom home with three levels of living space • Exquisite architectural finishes; abundant moldings and trim

• Superb estate home sited on a cul-de-sac location on Bernardsville Mountain • Enormous, well-appointed kitchen, conservatory, sunroom, handcrafted cherry library

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

BERNARDSVILLE

CHATHAM TOWNSHIP

450 MENDHAM ROAD | TheStevensEstate.com

4 ROOSEVELT ROAD | 4RooseveltRoad.com

7 Bedrooms | 8.3 Baths | 14.58 Acres | $8,890,000

4 Bedrooms | 1.2 Baths | 0.29 Acres | $669,000

• Magnificent estate home revitalized and expanded; guest cottage, pool and gardens • Entertainment level features theatre, billiard room, bar, wine cellar and café kitchen

• Spacious and sun-filled Colonial on a cul de sac; eat-in kitchen • Hardwood floors, three season room, 2-car garage, top ranked school system

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

JUDY CARLSSON | 973.214.6164 | jcarlsson@klsir.com

KLSIR.com | 13

ON THE MARKET

CHATHAM TWP

62 HAMPTON ROAD | 62HamptonRoad.com

CHESTER

610 OLD CHESTER ROAD | 610OldChesterRoad.com

4 Bedrooms | 2.1 Baths | 0.56 Acres | $1,069,000

4 Bedrooms | 3.0 Baths | 1.07 Acres | $499,900

• Updated, spacious, meticulously maintained Colonial in desirable Wickham Woods • Level yard, professionally landscaped, screened in porch; top rated Chatham schools

• Exceptionally priced East Jersey Cottage • First and second floor master suites

MARYBETH ECKHARDT | 973.908.1633 | meckhardt@klsir.com KATHLEEN BOYD | 973.713.0120 | kboyd@klsir.com

LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com ANNE MAYO FERRANTE | 973.214.9841 | aferrante@klsir.com

CHESTER

CHESTER

23 TWINBROOKS TRAIL | 23TwinbrooksTrail.com

4 Bedrooms | 3.0 Baths | 2.08 Acres | $639,000

1 RED OAK ROW | TheHedgerows.com

4 Bedrooms | 3.1 Baths | 1.26 Acres | $1,297,000

• Lovely two-acre property close to shops and restaurants • Grade level suite with private entrance and office

• New England allure and first-rate craftsmanship in the coveted Hedgerows community • Master suite adjoined by dressing room and reimagined master bathroom

LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com

JON L. BURYK | 908.443.1491 | jburyk@klsir.com

14 | KLSIR.com

ON THE MARKET

CLINTON TWP

21 SHERIDAN ROAD | 21SheridanRoad.com

CLINTON TWP

7 CANTERBURY LANE | 7CanterburyLn.com

5 Bedrooms | 3.1 Baths | 1.00 Acres | $525,000

4 Bedrooms | 2.1 Baths | 1.16 Acres | $589,000

• Custom home in country setting with in-ground pool • Updated throughout; hardwood floors, granite counters, stainless appliances

• Kensington Estates center hall Colonial; landscaped with heated saltwater pool • Remodeled kitchen; maple cabinetry, granite island, stainless appliances

CLAUDIA WILLS | 908.242.7699 | cwills@klsir.com

WILLIAM CAREY | 908.227.3289 | wcarey@klsir.com

CLINTON

FAR HILLS

60 WEST MAIN STREET | 60WestMainStreet.com

4 Bedrooms | 2.5 Baths | 0.50 Acres | $649,000

13 FAR HILLS AVENUE | 13FarHillsAve.com

3 Bedrooms | 1.0 Baths | 0.20 Acres | $395,000

• Circa 1905 Victorian home completely renovated with high end finishes • Located in Clinton’s Historical District, close to downtown, shopping & restaurants

• Charming and updated Cape with versatile floor plan • Newer bathroom, two-tier deck and fenced rear yard backing to Fairgrounds

SUSAN ANASTASIA | 908.963.8457 | sanastasia@klsir.com

LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com

KLSIR.com | 15

ON THE MARKET

FAR HILLS

80 HIDDEN VALLEY ROAD | HiddenValleyFarHills.com

FRANKLIN TWP

180 WHITE BRIDGE ROAD | 180WhiteBridgeRoad.com

5 Bedrooms | 6.3 Baths | 10.13 Acres | $2,950,000

4 Bedrooms | 2.2 Baths | 3.14 Acres | $489,000

• Remarkable architectural gem with distant countryside views • Indoor 60’ pool, theater, music room, wine cellar, study, and office

• A touch of paradise: peaceful and rural yet close to it all • Large bonus room off of the en-suite master bedroom

JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com DEBRA ROSS | 908.285.0666 | dross@klsir.com

FRANKLIN TWP

113 CHURCHILL AVENUE | 113ChurchillAve.com

JUDITH R. LEWIS | 908.256.9424 | jlewis@klsir.com

GLADSTONE

21 TIGER HILL DRIVE | TigerHillDrive.com

5 Bedrooms | 3.1 Baths | 0.25 Acres | $615,000

4 Bedrooms | 2.1 Baths | 1.80 Acres | $899,000

• Light filled Harvard model with first floor bedroom/office • Expansive master suite with sitting area, double closets and luxurious bath

• Desirable Tiger Hill location; beautifully updated gourmet kitchen • Professionally lanscaped acreage with views; pool with pool house

MONIQUE LOH | 908.240.5267 | mloh@klsir.com

DEBRA ROSS | 908.285.0666 | dross@klsir.com

16 | KLSIR.com

ON THE MARKET

HARDING TWP

4 BEECH LANE | klsir.com

HARDING TWP

37 LONG HILL ROAD | 37LongHillRoad.com

2 Bedrooms | 2.1 Baths | Townhome | $465,000

4 Bedrooms | 2.0 Baths | 3.00 Acres | $995,000

• Light and airy home, refinished wood floors, freshly painted; close to Morristown • Master bath updated; granite countertops in kitchen; wood burning fireplace

• “The Road House,” an 1840’s farmhouse in sought-after New Vernon • Picturesque, open land

WILLARD E. “BEN” ALEXANDER | 973.477.8155 | balexander@klsir.com

DEBRA ROSS | 908.285.0666 | dross@klsir.com

HARDING TWP

HARDING TWP

33 LONG HILL ROAD | LarimarFarm.com

42 KENNEDY LANE | 42KennedyLane.com

4 Bedrooms | 5.1 Baths | 8.18 Acres | $2,250,000

6 Bedrooms | 8.1 Baths | 3.94 Acres | $4,985,000

• Exquisite eight-acre property with pool & pool house with full bath • Eight-stall barn with one-bedroom caretakers apartment; stocked pond & pastures

• Authentic Bucks County residence with exceptional architectural finishes • Gunite pool, formal gardens, koi pond and pastoral views

DEBRA ROSS | 908.285.0666 | dross@klsir.com

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

KLSIR.com | 17

ON THE MARKET

HARDING

23 WELSH LANE | EquusManorNJ.com

6 Bedrooms | 8.3 Baths | 10.32 Acres | $4,990,000

• Equestrian estate with 22-room residence, six-stall barn, pool and cabana • Mahogany library, walk-out lower level

LIVINGSTON

6 WILSHIRE DRIVE | 6WilshireDrive.com

3 Bedrooms | 3.1 Baths | 0.57 Acres | Price upon request

• New spacious master bedroom, master bath and media room • Newly installed Kohler generator

BERLY TEELE | 973.908.2711 | bteele@klsir.com

ROBERT BLINDER | 908.216.0066 | rblinder@klsir.com MONIKA BARTNIK | 973.738.0048 | mbartnik@klsir.com

MADISON

MADISON

37 GREEN AVENUE | 37GreenAvenue.com

48 BARNSDALE ROAD | 48BarnsdaleRoad.com

5 Bedrooms | 4.0 Baths | 0.48 Acres | $1,299,000

4 Bedrooms | 4.1 Baths | 0.32 Acres | $1,399,000

• Gracious Colonial in walk-to-town neighborhood; beautiful period details through-out • Updated kitchen & baths for todays lifestyle; 3 fireplaces; spectacular outdoor space

• Gracious newer Colonial in sought after “Hill” neighborhood; close to town & trains • Numerous fine upgrades and custom finishes throughout; professionally landscaped

MARYBETH ECKHARDT | 973.908.1633 | meckhardt@klsir.com KATHLEEN BOYD | 973.713.0120 | kboyd@klsir.com

MARYBETH ECKHARDT | 973.908.1633 | meckhardt@klsir.com KATHLEEN BOYD | 973.713.0120 | kboyd@klsir.com

18 | KLSIR.com

ON THE MARKET

MENDHAM

9 YARDLEY ROAD | 9YardleyRoad.com

4 Bedrooms | 3.1 Baths | 3.27 Acres | $900,000

MENDHAM

400 CHERRY LANE | ButtonwoodFarmNJ.com

5 Bedrooms | 4.1 Baths | 6.56 Acres | $1,350,000

• One floor living with 3-car attached garage on flat, open lot • Bright, sunny two-story atrium makes a perfect gathering area for entertaining

• Restored farmhouse; gardener’s cottage with green house • Caretakers cottage plus “stabling” space for cars or horses

LOUISE ANN FELLERS | 908.930.9564 | lfellers@klsir.com

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

MENDHAM

MENDHAM

6 ANDREW LANE | AndrewLaneNJ.com

351 HILLTOP ROAD | klsir.com

5 Bedrooms | 4.2 Baths | 6.42 Acres | $1,675,000

4 Bedrooms | 3.1 Baths | 2.40 Acres | $2,100,000

• Light-filled, elegant estate home by BDS Construction offers privacy and prestige • Pergola-covered terrace and summer kitchen; pool with swim-up bar, spa, waterfall

• Distinctive Reproduction Colonial constructed in the 1840’s and expanded in 2001 • Park-like grounds with stone walls, walkways, fine plantings and pond views

ERICA LEVEY | 908.625.8488 | elevey@klsir.com JON L. BURYK | 908.443.1491 | jburyk@klsir.com

JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

KLSIR.com | 19

ON THE MARKET

MILLINGTON

34 LEPRECHAUN DRIVE | 34LeprechaunDrive.com

MORRIS PLAINS

15 LAUREL STREET | 15LaurelStreet.com

4 Bedrooms | 3.1 Baths | 0.60 Acres | $820,000

6 Bedrooms | 3.1 Baths | 0.72 Acres | $725,000

• Fabulous Colonial in sought-after Clover Hill with recreation facilities, playground & lake • Two-story entry, kitchen with granite counters, custom molding, beautifully landscaped

• Light, bright and sundrenched • First floor master suite with full bath and walk-in closet

WILLIAM CAREY | 908.227.3289 | wcarey@klsir.com

LOUISE ANN FELLERS | 908.930.9564 | lfellers@klsir.com

MORRISTOWN

MORRISTOWN

1 HARDING ROAD | 1HardingRoad.com

50 MORRIS AVENUE | 50MorrisAve.com

3 Bedrooms | 3.1 Baths | 0.35 Acres | $849,000

6 Bedrooms | 3.1 Baths | 0.61 Acres | $1,195,000

• Completely renovated with modern floor plan • Double lot in prestigious Washington Headquarters

• Magnificently restored 1863 Victorian • Prestigious Washington Headquarters location

LIANE DOBSON | 973.476.3485 | ldobson@klsir.com

MARION HAGOVSKY | 908.242.3718 | mhagovsky@klsir.com

20 | KLSIR.com

ON THE MARKET

MORRIS TWP

37 CHIMNEY RIDGE DRIVE | 37ChimneyRidgeDrive.com

MORRIS TWP

14A NORMANDY PARKWAY | 14ANormandyParkway.com

4 Bedrooms | 2.1 Baths | 0.34 Acres | $685,000

5 Bedrooms | 3.1 Baths | 0.89 Acres | $900,000

• Bright and airy Colonial; renovated and updated • Living and family room fireplaces; patio and deck with hot tub

• Original Carriage house built in 1890 with stunning gardens • Stunning master suite with sitting area, bedroom and full bath

ANN MARIE BATTAGLIA | 973.769.6858 | abattaglia@klsir.com

LOUISE ANN FELLERS | 908.930.6594 | lfellers@klsir.com

MORRIS TWP

MORRIS TWP

17 THREE GABLES ROAD | ThreeGablesRoad.com

7 Bedrooms | 5.3 Baths | 2.29 Acres | $1,899,000

• Spectacular American Shingle-style 1890’s home on over two acres • Large elegant rooms, many original details, updated kitchen & baths, 5-car garage MARYBETH ECKHARDT | 973.908.1633 | meckhardt@klsir.com KATHLEEN BOYD | 973.713.0120 | kboyd@klsir.com

62 CANFIELD ROAD | klsir.com

10 Bedrooms | 5.3 Baths | 3.29 Acres | $2,250,000

• Majestic Tudor Colonial on Millionaire’s Row • Distinctive architecture on exquisite grounds CHRISTINE CURA | 908.963.8138 | ccura@klsir.com

KLSIR.com | 21

ON THE MARKET

RANDOLPH

20 BARBARA DRIVE | 20BarbaraDrive.com

RARITAN BOROUGH

11 CARDINAL WAY | 11CardinalWay.com

5 Bedrooms | 3.1 Baths | 0.57 Acres | $895,000

4 Bedrooms | 2.1 Baths | 0.24 Acres | $618,000

• Spectacular attential to aesthetic detail • Newly finished recreational level

• Bright and spacious center hall colonial • Many updates throughout

LIANE DOBSON | 973.476.3485 | ldobson@klsir.com

DIANE DENNIS | 908.501.0132 | ddennis@klsir.com

SOMERSET

SUMMIT

1207 CONRAD WAY | SomersetRunCondo.com

10 FRIAR TUCK CIRCLE | 10FriarTuckCircle.com

2 Bedrooms | 2.0 Baths | Condo | $319,000

6 Bedrooms | 3.1 Baths | 1.91 Acres | $1,850,000

• Spacious, sophisticated 2nd level ‘Crystal’ model with den • Luxurious Somerset Run community with state of the art clubhouse

• Fabulous Manhattan skyline views • Poised on a quiet cul-de-sac in Summit’s northside

DEBRA ROSS | 908.285.0666 | dross@klsir.com

ERICA LEVEY | 908.625.8488 | elevey@klsir.com

22 | KLSIR.com

ON THE MARKET

TEWKSBURY TWP

3 BARLOW DRIVE | klsir.com

TEWKSBURY TWP

27 FELMLEY ROAD | klsir.com

5 Bedrooms | 3.1 Baths | 3.40 Acres | $754,500

4 Bedrooms | 4.2 Baths | 17.58 Acres | $1,009,000

• Bright and spacious classic Colonial on private neighborhood lot • In-ground pool, terraced bluestone patios, gardens and finished walk-out lower level

• Custom ranch overlooking scenic pond in desirable location • 72' x 58' metal barn, outdoor riding ring, minutes to major highways

JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

TEWKSBURY TWP

TEWKSBURY TWP

2 HALSEY FARM ROAD | 2HalseyFarm.com

5 Bedrooms | 5.2 Baths | 3.00 Acres | $1,499,000

18 HILL AND DALE ROAD | 18HillAndDale.com

5 Bedrooms | 3.2 Baths | 6.04 Acres | $1,869,000

• Custom home with countryside views; 10’ ceilings and Brazilian wood floors • Lower level with billiard, recreation, exercise room, kitchenette and fireplace

• Tendenze designed European country residence; period detailing • Finest quality materials and craftsmanship; sweeping countryside views

JEROME KIENLEN | 908.432.8740 | jkienlen@klsir.com JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

DEBRA ROSS | 908.285.0666 | dross@klsir.com JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

KLSIR.com | 23

ON THE MARKET

TEWKSBURY

3 HILL AND DALE ROAD | ThreeHillandDaleRoad.com

TEWKSBURY TWP

109 OLD TURNPIKE ROAD | 109OldTurnpikeRoad.com

4 Bedrooms | 6.1 Baths | 6.70 Acres | $1,995,000

3 Bedrooms | 2.0 Baths | 20.00 Acres | $1,995,000

• Elegant estate with wonderful equine facility • Additional contiguous five acres available

• Create an estate on a gorgeous property with restored Carriage house and Cottage • Plans for magnificent ‘barn to home’ conversion

LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com

LORRAINE HUNT KOPACZ | 908.217.7716 | lhuntkopacz@klsir.com

TEWKSBURY

WATCHUNG

4 FIELDVIEW LANE | 4FieldviewLane.com

56 WILL LANE | 56WillLn.com

6 Bedrooms | 6.1 Baths | 9.59 Acres | $3,300,000

6 Bedrooms | 6.2 Baths | 1.50 Acres | $2,250,000

• European inspired stone manor with countryside views • Free-form pool, spa, and dining enclave with fireplace

• True craftsmanship and the finest amenities including a Leonardis kitchen • 4-car heated garage with mahogany doors, finished walk-out lower level, wine cellar

JOSEPH GEBBIA | 908.334.6504 | jgebbia@klsir.com

MICHAEL LATTMANN | 908.672.3930 | mlattmann@klsir.com

24 | KLSIR.com

Developed as a means to measure buyer and seller behavior, our KLSIR Flash Polls enable our network of professionals to provide real-time expertise to complex situations.

For a copy of the full report, or to be added to the distribution list for future KLSIR Flash Poll results, email your request to web@klsir.com.

Potential adjustment in market value 15% or greater 10% 5% 1–3% No adjustment

TE

Y R U B WKS

Home sits well-below the street-line

Home has a tuck-under garage

150+240+40+40+=0

In our most recent KLSIR Flash Poll, we asked a group of seasoned industry professionals to opine on several of the most commonly cited possible adverse conditions to a property’s value.

Property has an easement for a flag lot

20+100+220+100+30=

No two pieces of land are alike. Will that steep driveway deter buyers from experiencing your countryside views? Does living across from a school affect the market value of your home?

110+160+190+10=

Location. Location. Location.

Property backs to an interstate highway

0+10+40+100+320=

20+130+140+100+80=

FLASH Poll 68+32+Q

Property is next door to an unsightly neighbor

RECENTLY SOLD We take great pride in using our expertise, resources, and global connections to perfectly unite extraordinary places with the extraordinary buyers who will cherish them as we do.

Extraordinary properties. Unique stories. Successfully represented.

BASKING RIDGE

BASKING RIDGE

BASKING RIDGE

201 IRVING PLACE

196 NORTH MAPLE AVENUE

22 FAIRBANKS LANE

2 Bedrooms | 2.0 Baths | Condo Offered at $258,500

3 Bedrooms | 1.1 Baths | 0.23 Acres Offered at $398,500 Listed by Jon L. Buryk 908.443.1491 | jburyk@klsir.com Listed by Michael Lattmann 908.672.3930 | mlattmann@klsir.com

2 Bedrooms | 3.0 Baths | 0.25 Acres Offered at $535,000

Listed by Diane Dennis 908.501.0132 | ddennis@klsir.com

26 | KLSIR.com

Sold by Anne Mayo Ferrante 973.214.9841 | aferrante@klsir.com

RECENTLY SOLD

BASKING RIDGE

BASKING RIDGE

BASKING RIDGE

57 CANTER DRIVE

158 PATRIOT HILL DRIVE

41 COMPTON COURT

3 Bedrooms | 3.0 Baths | 0.92 Acres Offered at $599,000

3 Bedrooms | 2.1 Baths | 0.13 Acres Offered at $689,000

3 Bedrooms | 2.0 Baths | 0.39 Acres Offered at $699,000

Sold by Lorraine Hunt Kopacz 908.217.7716 | lhuntkopacz@klsir.com

Sold by April Hobby 732.996.0506 | ahobby@klsir.com

Listed by Jon L. Buryk 908.443.1491 | jburyk@klsir.com

BASKING RIDGE

BASKING RIDGE

BASKING RIDGE

31 WATCHUNG DRIVE

451 SOMERVILLE ROAD

134 MADISONVILLE ROAD

4 Bedrooms | 4.1 Baths | 0.19 Acres Offered at $1,069,000 Listed by Jerome Kienlen 908.432.8740 | jkienlen@klsir.com Sold by Craig Lawerence 908.400.6981 | clawrence@klsir.com

4 Bedrooms | 3.1 Baths | 3.25 Acres Offered at $1,179,000

6 Bedrooms | 5.1 Baths | 2.30 Acres Offered at $1,250,000

Listed by Erica Levey 908.625.8488 | elevey@klsir.com

Listed by James Zima 973.886.6320 | jzima@klsir.com

KLSIR.com | 27

RECENTLY SOLD

BERNARDSVILLE

BERNARDSVILLE

BERNARDSVILLE

18 LIBERTY ROAD

62 CENTER STREET EXTENSION

60 PILL HILL ROAD

3 Bedrooms | 2.0 Baths | 0.27 Acres Offered at $399,500

4 Bedrooms | 2.0 Baths | 0.28 Acres Offered at $549,000

3 Bedrooms | 2.0 Baths | 3.30 Acres Offered at $599,000

Listed by Monique Loh 908.240.5267 | mloh@klsir.com

Listed by Anne Mayo Ferrante 973.214.9841 | aferrante@klsir.com

Listed by Debra Ross 908.285.0666 | dross@klsir.com

BERNARDSVILLE

BERNARDSVILLE

BERNARDSVILLE

19 LAURELWOOD DRIVE

47 TOWER MOUNTAIN DRIVE

71 HARDSCRABBLE ROAD

5 Bedrooms | 3.2 Baths | 0.86 Acres Offered at $1,239,000

4 Bedrooms | 3.1 Baths | 1.60 Acres Offered at $1,249,000 Listed by Joseph Gebbia 908.334.6504 | aferrante@klsir.com Sold by Anne Mayo Ferrante 973.214.9841 | aferrante@klsir.com

4 Bedrooms | 2.0 Baths | 12.53 Acres Offered at $1,249,000 Listed and Sold by Lorraine Hunt Kopacz 973.217.7716 | lhuntkopacz@klsir.com Listed and Sold by Anne Mayo Ferrante 973.214.9841 | aferrante@klsir.com

Listed by Debra Ross 908.285.0666 | dross@klsir.com

28 | KLSIR.com

RECENTLY SOLD

BERNARDSVILLE

BRIDGEWATER

CHESTER

71 BEVERLY DRIVE

1232 EVERGREEN DRIVE

3 LAURELWOOD DRIVE

4 Bedrooms | 3.1 Baths | 5.02 Acres Offered at $2,333,332

4 Bedrooms | 2.1 Baths | 0.82 Acres Offered at $469,000

5 Bedrooms | 5.2 Baths | 4.81 Acres Offered at $1,790,000

Listed by Erica Levey 908.625.8488 | elevey@klsir.com

Sold by Amanda Ryan 908.642.5045 | amandaryan@klsir.com

Listed by Erica Levey 908.625.8488 | elevey@klsir.com

FAR HILLS BORO

HARDING

MORRIS PLAINS

8 CHUKKA WAY

152 VILLAGE ROAD

62 DAVENPORT AVENUE

3 Bedrooms | 3.1 Baths | Townhome Offered at $859,500

6 Bedrooms | 5.2 Baths | 3.00 Acres Offered at $2,495,000

5 Bedrooms | 3.1 Baths | 0.64 Acres Offered at $900,000

Listed by Thomas Howland 908.581.2344 | thowland@klsir.com

Sold by Debra Ross 908.285.0666 | dross@klsir.com

Listed by Louise Ann Fellers 908.930.9564 | lfellers@klsir.com

KLSIR.com | 29

RECENTLY SOLD

MORRIS TWP

NEW PROVIDENCE

PEAPACK GLADSTONE

3 CAMBRIDGE ROAD

6 SURREY LANE

58 FOWLER ROAD

5 Bedrooms | 4.0 Baths | 0.62 Acres Offered at $649,000

4 Bedrooms | 3.1 Baths | 0.64 Acres Offered at $935,000

8.38 Acres Offered at $795,000

Listed by Erica Levey 908.625.8488 | elevey@klsir.com

Listed by Claire Thomson 917.209.2261 | cthomson@klsir.com

Listed by Donna Goduti Moore 908.625.8757 | dmoore@klsir.com

PEAPACK GLADSTONE

TEWKSBURY

WASHINGTON TWP

FOWLER ROAD

62 PHILHOWER ROAD

10 KESTREL COURT

9.93 Acres Offered at $795,000

5 Bedrooms | 4.3 Baths | 50.0 Acres Offered at $3,799,000

3 Bedrooms | 3.1 Baths | Townhome Offered at $395,000

Listed by Donna Goduti Moore 908.625.8757 | dmoore@klsir.com

Listed and Sold by Debra Ross 908.285.0666 | dross@klsir.com

Listed by Marion Hagovsky 908.242.3718 | mhagovsky@klsir.com

30 | KLSIR.com

AUCTION CALENDAR MAY 2016

Orfèvrerie, Boîtes en Or et Objets de Vitrine Paris 3 May MALCOLM Part One: New York New York 7 May Impressionist & Modern Art Evening Sale New York 9 May

Contemporary Art Evening Auction New York 11 May Finest and Rarest Wines London 11 May Contemporary Art Day Auction New York 12 May Important Chinese Art London 13 May RM Sotheby’s: Monaco Monte Carlo 14 May

© 2016 The Andy Warhol Foundation for the Visual Arts, Inc. / Artists Rights Society (ARS), New York

Impressionist & Modern Art Day Sale New York 10 May

Andy Warhol Self-Portrait (Fright Wig), 1986 Estimate $7,000,000-10,000,000

We invite you to explore our real estate listings at sothebysrealty.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016

ON THE MARKET

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Local Experts Worldwide.

KLSIR.com 68 North Finley Avenue, Basking Ridge | 908.696.8600 454 Main Street, Bedminster | 908.719.2500 Coming Soon | 223 Main Street, Madison | 973.377.7785 Back cover property for sale in Sonoma, California.

Listed by Sotheby’s International Realty - Wine Country - East Napa Street Brokerage. © MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity . Each Office is Independently Owned and Operated.

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