Summit, NJ Real Estate

Investing in Summit, NJ real estate is more then just buying a home. It transcends your needs for shelter into an investment vehicle unlike no other. When it comes to real estate, appreciation is inevitable, yet the rate of appreciation is truly the vital question. Consistently Summit, NJ’s real estate market appreciates faster then its surrounding area. In fact Summit’s appreciation is always above the national and state averages no matter what type of real estate market trends are being seen.

Since we now know that Summit, as a whole, is one of the most lucrative real estate investments in the country; what are the best locations within Summit? Summit, NJ is broken down into a number of unofficial subdivisions or sections. Each of these sections seem to offer a different feel and style of homes, yet together the town’s appearance still remains cohesive. In regards to real estate and the market’s perception of value there are two locations within Summit that many consider the best of the best.

The North side of Summit, which encompasses all of the homes North of Springfield Ave and South of Route 24, always demands a premium and consistently features homes which sell well above their asking price. Many of the North side homes are within minutes of Summit’s downtown and in walking distance to public transportation. In addition to location Summit’s North side includes a tremendous amount of homes for the upper echelon of society. Massive homes embodying the American dream of financial success are rampant and help to establish a precedent for value which continues to thrive and grow over time.

The second location, regarded by many as prime real estate, is the Woodland Park section of Summit. The Woodland Park section features the most desirable Franklin School, an elementary school many buyers are willing to pay extra to have their children attend. The Woodland Park neighborhood features a number of streets characterized by rolling tree-lined hills and charming homes as unique as the landscape. Interwoven throughout the Woodland Park section is Colt Road, a note worthy place of distiction offering a variety of spectacular homes of all styles. Colt Road is broken down into three distinct sections; lower, middle, and upper Colt. Each of these sections offering a taste of elegance and scenes of idealistic community living.

As a Realtor in the Summit, NJ area it is both interesting and exciting to preview, market, and sell homes of such exquisite detail. Many of these homes are historically relevant to Summit’s current level of success and still considered highly desirable in today’s society. Recently I have had the opportunity and pleasure to market a home on Colt Road.

90 Colt Road, currently listed at $2,295,000, is the epitome of prime real estate. Sitting atop Upper Colt Road this property features a large private backyard and blue stone patio ideal for entertaining. The kitchen recently remodeled offers Viking and Subzero appliances, granite counter-tops, and an octagon shaped breakfast area with floor to ceiling windows. An expansive Family Room, once a sun porch, creates an excellent blend of space and light. The Family Room features a wet bar with mini-fridge as well as one of the two flat screen televisions included in the home. The televisions are networked through a state of the art Crestron home entertainment system also capable of playing music throughout the home and a host of other features. Connected to the Family Room is a Living Room which looks out onto Colt Road through a gorgeous Bay window. A gas fireplace and exquisite crown moldings make the Living Room as cozy as it is elegant. The first floor also features an Office with built-in cabinetry made for any executive and a Formal Dining Room ideal for family meals.The second level features hardwood flooring throughout and consists of five bedrooms and three full baths. The large Master Bedroom houses the second of the two flat screen televisions as well as a beautiful view down Colt Road. Off of the Master Bedroom you will find a newly renovated Master Bath with Jacuzzi and stall shower. Looking out this Master Bathroom window you begin to understand truly how private the backyard is as you can no longer see your neighbor’s homes. The basement featuring a half bath and play area only adds to this homes appeal. Including a two car garage, built in gas line for the Lynx Barbecue, interior designed window treatments, and many other extras this home will appeal to the educated buyer.

Below I have included a number of pictures to help your imagination take form. I have also included a link to view this property in greater detail. If you have any questions about the home or about Summit Real Estate feel free to contact me. Have a great day!

Learn more about 90 Colt Road Summit, NJ or email me at Michael-Pennisi@Burgdorff.com to request a brochure.

To learn more information about the Summit, NJ community please visit Summit, NJ .

To learn more information about the Summit, NJ real estate trends please visit Summit, NJ Market Trends.

www.MichaelPennisi.com