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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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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