Latest Sales Confirm What $1M Buys in Somerset County Homes
UPDATE: New reports reveal a surge in real estate activity in Somerset County, with properties selling for under $1 million from November 10 to November 16, 2023. Homebuyers are keenly eyeing these sales as the market continues to fluctuate, making this an urgent time for prospective buyers.
During this week, a total of ten properties were sold, each offering unique features and substantial living spaces. The latest sales highlight the opportunities available in this competitive market, particularly for buyers looking to invest at or below the $1 million mark.
Here’s a snapshot of the top properties sold:
1. **14 Edgewood Road** – Sold for $980,000 (equivalent to $352 per square foot), this spacious single-family home spans 2,782 square feet on a 1.2-acre lot. The deal was finalized on October 31, showcasing a robust market for larger homes.
2. **533 Lyme Rock Road** – This residence was acquired for $965,000 ($362 per square foot). Built in 1967, it offers 2,668 square feet and sits on a 0.7-acre lot. The transaction occurred on October 31.
3. **16 Woodland Road** – A charming detached house sold for $935,000 at a rate of $401 per square foot. This property spans 2,330 square feet on a 10,890-square-foot lot, with the sale closing on October 29.
4. **13 Wesley Road** – This single-family home changed hands for $925,000 on October 30. Boasting 2,538 square feet, it sits on a 0.4-acre lot and was built in 2000.
5. **9 Robin Court** – Sold for $920,000 ($343 per square foot), this property offers 2,685 square feet of living space. The deal was finalized on October 30.
6. **1404 Drum Hill Road** – This detached house fetched $875,000, translating to $336 per square foot. With 2,608 square feet on a 1.2-acre lot, the sale was completed on October 30.
7. **50 Round Top Road** – Sold for $851,000 ($461 per square foot), this home spans 1,846 square feet on a 1.5-acre lot, with the deal closing on October 29.
8. **4 Melanie Court** – This residence sold for $825,000 ($365 per square foot) and features 2,260 square feet. The transaction was finalized on October 29.
9. **396 Vanderveer Road** – Selling for $820,000 ($376 per square foot), this home boasts 2,183 square feet and was built in 1998. The deal was finalized on October 30.
10. **44 Loft Drive** – Closing at $805,000 ($328 per square foot), this property spans 2,454 square feet and was finalized on October 30.
These latest developments indicate a dynamic real estate landscape in Somerset County, emphasizing the importance for buyers to act swiftly. As the market continues to evolve, those looking to purchase should stay informed about new listings and sales trends.
For more real estate news, check out our reports on homes sold in nearby counties, including Union and Ocean, during the same week. Don’t miss your chance to grab these opportunities before they disappear!
