Maplewood Real Estate Sponsored

At. $1.7M, Kermit Road House Breaks Recent Record for Maplewood Home Prices

After a Maplewood house sold for $1.6 million in April, another house has broken that recent record with a sale price of $1.7 million plus.

One Kermit Road, listed by Sue Adler of Keller Williams, closed in late June at $1,708,000 (list price was $1,525,000).

The all-time record for price paid for a Maplewood home still belongs to the pre-2008 financial meltdown: In 2007, a unit at 616 South Orange Avenue, listed for $1.99 million, sold for $1.8 million. And in 2006, 15-19 Tower Drive sold for $1.9 million (it was listed at the same price).

In March, 53 Curtis Place in Maplewood was sold for $1,600,000 — the highest amount paid for a home in Maplewood in the last ten years at that time, according to Robert Northfield, the realtor who listed and sold the home.

Regarding One Kermit, Adler said that achieving the record-setting sale price was a combination of factors — staging, photography, marketing and a terrific product.

“We knew we could create maximum interest in this home by setting the stage up front,” said Adler. “My husband is a professional photographer ( our secret sauce) and the photos and 3-D virtual walk through came out amazing [See it at sueadler.com/1kermit]. We called all of the neighbors and invited them to our open houses, figuring that there could be homeowners who were about to do renovations but would drop the thought after seeing how incredible the 1 Kermit renovations are. This turned out to be exactly the case!”

“We also marketed not only to buyers looking for larger homes in Maplewood/South Orange, but also in Millburn and Short Hills, as we have strong market share there. Sure enough we held a Realtor Open house on Thursday, public open houses both Saturday and Sunday, and had multiple offers — best and final was Tuesday and honestly, it was hard to choose from all of the great offers.”

According to the marketing materials, One Kermit features seven bedrooms, 5-1/2 baths. The home, located in the historic and “coveted Roosevelt Estates section” of Maplewood, was built in 1909 and features all the lovely aspects of an older home such as pocket doors, woodwork and coffered ceilings – but also has modern upgrades such as custom cabinetry and a large chef’s kitchen with open space and top-of-the-line commercial appliances. Plus there’s the “luxury Master Suite and spa-like Bath, all new designer bathrooms throughout, quality windows, fully finished basement, bluestone patio and exquisite brickwork and meticulous landscaping on a stately lot.”

Finally, the home is “close to downtown South Orange and Maplewood and Midtown Direct Train.”

“This was one of those listings that surely will be talked about for years to come,” added Adler.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *