Price Cuts Continue On Verona Homes

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Yes, there are a few SOLD signs going up on Verona homes, but there still seem to more signs of prices falling–sometimes steeply–on residential real estate listings here.

112 Park Avenue is a fully renovated Craftsman bungalow with four bedrooms, two full and two half baths. Located in the Brookdale Avenue elementary school district, it was $859,000, but it’s been cut 4% to $824,900. Same district, smaller house on a dead-end street, 10 Douglas Place is now $350,000, down from $374,000.

The price on 33 Oakridge (four beds, two full, two half baths) has been lowered by $24,000 to $875,000. Also in the Forest Avenue elementary school district is 169 Forest Avenue. It’s got three beds, two and a half baths and the price has been lowered by $10,500 to $454,500. Same neighborhood, further south is 42 Gerdes Avenue, with three beds, two baths and a designer kitchen. The price has been cut to $569,000 from its original $585,000. 19 W. Lincoln Street has had its second price cut since it went on the market. It has five beds, three baths and two kitchens, and the price is now $20,000 lower at $474,900.

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There are two price cuts in the Laning district this weekend. 18 Nassau Road is now $399,000, down from the original ask of $445,000. That’s for three beds, two and half baths and a remodeled kitchen. If you need more space, 8 Witherspoon Road has five bedrooms and four and a half baths. It is now $469,500, down from $524,900.

And finally, three homes near F.N. Brown school have lower prices. 276 Linden Avenue, which has three beds, one and a half baths, and an open kitchen/dining room, is now $310,000, down from $324,900. 114 Franklin Street has been cut again, to $618,000 from $649,000. This is a three- year-old house with four beds and three and a half baths, and there will be an open house there this Sunday, Nov. 21, from 1 to 4 p.m. 58 Fairview Avenue is a huge five-bed, five-full and two half bath house on a huge lot. It is now $1,050,000, down from when we first reported on it $1,299,000.

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Virginia Citrano
Virginia Citranohttps://myveronanj.com
Virginia Citrano grew up in Verona. She moved away to write and edit for The Wall Street Journal’s European edition, Institutional Investor, Crain’s New York Business and Forbes.com. Since returning to Verona, she has volunteered for school, civic and religious groups, served nine years on the Verona Environmental Commission and is now part of Sustainable Verona. She co-founded MyVeronaNJ in 2009. You can reach Virginia at [email protected]

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