Sunday, September 30, 2012

Yet Another Open House on Montgomery

Interesting to see there are still 2 townhouses for sale at 102 Montgomery. It has been over 4 years since they listed the first units of their modestly sized development on the MLS. They're in a great location near shops, schools, and RR. They were as good a value then at 339k as they are now at 299k.

Yet Bloomfield's Planning Board is about to vote on a MUCH larger 332 unit condo/apartment complex at 225 Belleville Ave. Unlike the Montgomery units, the Belleville units are at a very isolated location in a flood zone. Care to guess how many years it will take them to sell?

1 comment:

Mauigirl said...

Went to an open house at these townhouses just to see what they're like - they are really nice inside and the price is reasonable. To your point, the market has just not recovered yet it seems.