A wonderful spot to downsize to if a Senior

I have lived here since 2006.

Great deal:

https://www.njmls.com/listings/index.cfm?action=dsp.results&zipcode=07018&radius=&proptype=3a%2C3b&searchtype=zipcode_search&status=A&mlsSearch=1&minprice=&maxprice=

Apartments look nice.  Has anyone noticed how insanely expensive the rents are for the apartments they've been throwing up in the towns around here?  In that big complex they built on the Springfield side of Millburn Ave, you can pay close to $5000 a month for a 2 bedroom.  

bub said:

Apartments look nice.  Has anyone noticed how insanely expensive the rents are for the apartments they've been throwing up in the towns around here?  In that big complex they built on the Springfield side of Millburn Ave, you can pay close to $5000 a month for a 2 bedroom.  

It’s whatever the market will bear, I guess. 

Mr Carter, do residents ever install their own laundry facilities in their apartments? The communal laundry experience is one I don’t feel the need to ever indulge in again. 

rcarter31 said:

I have lived here since 2006.

Great deal:

https://www.njmls.com/listings/index.cfm?action=dsp.results&zipcode=07018&radius=&proptype=3a%2C3b&searchtype=zipcode_search&status=A&mlsSearch=1&minprice=&maxprice=

I wanted to buy an apartment in that building as an investment, but you can only own if you live there.  

mrincredible said:

bub said:

Apartments look nice.  Has anyone noticed how insanely expensive the rents are for the apartments they've been throwing up in the towns around here?  In that big complex they built on the Springfield side of Millburn Ave, you can pay close to $5000 a month for a 2 bedroom.  

It’s whatever the market will bear, I guess. 

Mr Carter, do residents ever install their own laundry facilities in their apartments? The communal laundry experience is one I don’t feel the need to ever indulge in again. 

I can't imagine any landlord allowing this, except maybe in a private house, Some apartments do come with their own facilities though.

I hear you though. I'm coming up on two years in Ohio and I've used my apartment building's laundry exactly once. (I do it at my brother's house instead.)

Even when I was in NJ I had given up on the communal experience and had my laundry washed and folded at that laundry on valley(?) near stop and shop.

And if you want cheap rents, come to Ohio!

drummerboy said:

I can't imagine any landlord allowing this, except maybe in a private house, Some apartments do come with their own facilities though.

I hear you though. I'm coming up on two years in Ohio and I've used my apartment building's laundry exactly once. (I do it at my brother's house instead.)

Even when I was in NJ I had given up on the communal experience and had my laundry washed and folded at that laundry on valley(?) near stop and shop.

And if you want cheap rents, come to Ohio!

I think it’s a matter of the right plumbing and some kind of supplemental contingent drainage system in case a pipe bursts. Probably something that has to be included in the initial design. 

I was visiting someone in one of the apartments in the new Gateway building. His apartment had a washer-dryer in a closet. 

mrincredible said:

It’s whatever the market will bear, I guess. 

Mr Carter, do residents ever install their own laundry facilities in their apartments? The communal laundry experience is one I don’t feel the need to ever indulge in again. 

no longer allowed 

What would the HOA fees be for a place like that?  It looks pretty good, and you can shoot me before I'd move to Ohio.

DanDietrich said:

What would the HOA fees be for a place like that?  It looks pretty good, and you can shoot me before I'd move to Ohio.

around $2k a month 

covers:

taxes

heat

air

water

electricity

landscaping

snow removal 

24/7 door man 

and The Secret Garden!

rcarter31 said:

DanDietrich said:

What would the HOA fees be for a place like that?  It looks pretty good, and you can shoot me before I'd move to Ohio.

around $2k a month 

covers:

taxes

heat

air

water

electricity

landscaping

snow removal 

24/7 door man 

and The Secret Garden!

and that's on top of how much rent? or would it be a mortgage?

$255K to buy, baby!

That's a good deal.  There is a lot included in that HOA fee 

DanDietrich said:

That's a good deal.  There is a lot included in that HOA fee 

It's a co-op building, a different form of ownership than a condo with an HOA. The sales price is lower than an equivalent condo unit but the maintenance charges are higher since they include taxes, which you would pay yourself in a condo. I thought about buying in that building a few years ago. It seemed very well run and maintained.

drummerboy said:

and that's on top of how much rent? or would it be a mortgage?

No Rent, Owner Occupied.   Many are cash buys so there is no mortgage.

mrincredible said:

$255K to buy, baby!

$245,000.

rcarter31 said:

$245,000.

I’ve taken care of a house for 24 years and I will admit to getting a little wistful looking at apartments like this. Maybe when my daughter has moved out and is living on her own (I figure at least 9 years). 

That's the appeal to me as well.  I would love to never take or shovel again, or worry about exterior paint or downspouts.  

how about parking for EVs?  Is it possible to have a spot with a charger of our own?

DanDietrich said:

That's the appeal to me as well.  I would love to never take or shovel again, or worry about exterior paint or downspouts.  

how about parking for EVs?  Is it possible to have a spot with a charger of our own?

Sadly that's an issue.  Depends on where your parking spot is...

kthnry said:

It's a co-op building, a different form of ownership than a condo with an HOA. The sales price is lower than an equivalent condo unit but the maintenance charges are higher since they include taxes, which you would pay yourself in a condo. I thought about buying in that building a few years ago. It seemed very well run and maintained.get

And don't forget The Secret Garden @ 377!