Will it Sell? Weehawken Edition
[The Hoboken411 “Will it Sell?” Real Estate analyst / realist / comedian is back with another installment today! This time taking a leisurely stroll just across Hoboken’s northern border – into neighboring Weehawken, NJ!]
5 Million Bucks to live in Weehawken?
Tale of the Tape:
Address: 1 Bellvue Terrace
Type: 6 Bedrooms, 7 Baths Single Family
Square Feet: 6,000+ ($825.00 a SF)
COST: $4,950,000.00 (not a misprint… it is actually 4.95 Million to live in Weehawken!)
Special Notes: Weehawken’s only claims to fame are Alexander Hamilton was killed in a duel here, and George Clooney crashed his motorcycle last year.
TAXES: $40,836.00 (Hey at least there are no Condo Fees!)
See the FULL “Will it Sell?” analysis AFTER THE JUMP!
(Will it sell? Weehawken Edition, continued…)
Well I decided to profile a non-Hoboken listing due to the ridiculous price tag and astronomical taxes.
Although this property has spectacular views, the inside does not look impressive at all. In addition Weehawken has very little to offer in terms of Shopping, bars, etc. This area is called the “Bluffs” where many expensive houses exist, but 5 Million? Come on!
Photo Gallery and Commentary
Cost to live here
With the Economy still in downward spiral mode I am not sure who could (or would) shell out 5 Million for this average house, with above average views. If this were 3 years ago I could see some Wall Street hotshot overpaying for this house to impress chicks:
“See that building right there Brittney? That’s where I decide the fate of the civilized world. Want to go in the Hot Tub and I will try for the 5th time tonight to explain derivatives?”
With $297,000 commission riding on this deal, I am sure Singleton-Galmann is using every ounce of their collective experience and trickery to figure out how to convince someone that Weehawken is the new Lake Como, Italy which is why George Clooney was here last year. They would have to sell twelve $400,000 Condos to make the same money so I suggest they pay George Clooney 100K to pretend to be living there the day of the Open House. Money well spent!