2019 Nov 20th

The Hoboken Condo Weekly Wednesday Wrap Up for the Week Ending November 20th

Week ending Nov 20th, 2019

For report with links:

  1. (valid email required)
 

  •  262 active Hoboken listings
  •  218 Condo & Co-op listings
  • 24 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

8 New

5 Pending.

3 Sold

2-Bedroom Properties

8 New

8 Pending

8 sold

3-Bedroom & larger Properties

4 New

7 Pending.

  • 501 Adams 2C, listed 6/26 for $825k.
  • 422 Hudson #1, listed 11/6 for $849k.
  • 829 Wash PHB, listed 9/18 for $1.3mil.
  • 115 Grand 301, listed 11/1 for $1.4mil.
  • 115 Grand 401,listed 11/1 for $1.45mil.
  • 115 Grand 305, listed 11/1 for $1.45mil.
  • 10 Paterson 5B, listed 10/23 for $1.46mil.

1 Sold

  • 324 Hudson #2, listed 5/2 for $1.96mil, sold for $1.86mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

Posted by Lori Turoff | Currently No Comments »

2019 Nov 13th

Hide your Pot, Hoboken!

I recently came across an article headlined “POT Killed My Home Sale”.

With marijuana legal in many states and soon to become legal in even more, this is an issue that will come up more often.  What happens if you are selling your property and the appraiser sees pot plants or quantities of pot in your home?  Most loans are approved based on Fannie Mae guidelines.  Pot is still illegal at the federal level.  Evidence of illegal substances may cause your loan to be denied.  So if you are selling, hide the goods…

Another issue that is going to become more and more prevalent, especially in urban areas like Hoboken, is whether condo associations can prohibit smoking pot in the building.  The pungent smell is already obvious when I visit many condos to show properties.  Marijuana was recently legalized in Illinois.  As a part of legalizing recreational marijuana use, the Illinois Cannabis Act revised several existing Illinois statutes, including the Condominium Act. In particular, the Cannabis Act added a new section 33 to the Condominium Act that states, “The condominium instruments of an association may prohibit or limit the smoking of cannabis, as the term smoking is defined in the Cannabis Regulation and Tax Act, within a unit owner’s unit. The condominium instruments and rules and regulations shall not otherwise restrict the consumption of cannabis by any other method within a unit owner’s unit, or the limited common elements, but may restrict any form of consumption on the common elements.”  Has your association given this any thought?

 

Posted by Lori Turoff | Currently 2 Comments »

2019 Nov 13th

The Hoboken Weekly Wednesday Wrap Up for the Week Ending November 13th

Week ending Nov 13th, 2019

  1. (valid email required)
 

  •  258 active Hoboken listings
  •  231 Condo & Co-op listings
  • 27 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

5 New

5 Pending.

3 Sold

2-Bedroom Properties

11 New

6 Pending

9 sold

3-Bedroom & larger Properties

5 New

3 Pending

  • 115 Grand 305, listed 11/1 for $1.45mil.
  • 115 Grand 201, listed 11/1 for $2.1mil.
  • 91 Monroe #1, listed 11/8 for $2.5mil.

4 Sold

  • 214 Jackson #2, listed 5/30 for $699k, sold for $686k.
  • 413 Madison #2, listed 7/12 for $900k, sold for $885k.
  • 702 Hudson #4, listed 10/4 for $1.8mil, sold for $1.8mil.
  • 324 Hudson #1, listed 5/2 for $2.13mil, sold for $2.1mil.

The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer.  It may not be reproduced or distributed in any manner.  It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.

Sales numbers rounded up for convenience.  Information is deemed to be reliable but not guaranteed.

Posted by Lori Turoff | Currently No Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap