138 village circle west paramus nj – Welcome to 138 Village Circle West, Paramus, NJ, where tranquility and convenience intertwine. Nestled in a vibrant neighborhood, this exceptional property offers an unparalleled living experience that caters to every desire. Let us embark on a captivating journey through its many alluring features and discover why this remarkable residence stands out as an oasis of comfort and style.
With its prime location, 138 Village Circle West grants its residents effortless access to an array of amenities, including renowned schools, verdant parks, and bustling shopping centers. The seamless connectivity to public transportation and major highways ensures a swift commute to nearby urban hubs, while the neighborhood’s vibrant community calendar promises an endless array of social and recreational activities.
Overview of 138 Village Circle West, Paramus, NJ
Village Circle West is a luxurious apartment complex located in the heart of Paramus, New Jersey. Situated in a tranquil and highly sought-after neighborhood, this property offers a serene living experience while being conveniently close to major highways, shopping malls, and entertainment hubs.The
complex comprises a collection of spacious and well-appointed one and two-bedroom apartments. Each unit boasts an open floor plan, allowing for ample natural light and a comfortable living space. The kitchens are fully equipped with modern appliances and granite countertops, while the bathrooms feature elegant fixtures and designer tiles.
Neighborhood Profile
Paramus is a vibrant and diverse town with a population of over 27,000 residents. The neighborhood surrounding 138 Village Circle West is primarily residential, with tree-lined streets and charming single-family homes. The area is known for its excellent public schools, including Paramus High School, which consistently ranks among the top schools in New Jersey.The
town center is just a short drive away, offering a wide array of shopping, dining, and entertainment options. Westfield Garden State Plaza, one of the largest shopping malls in the state, is located nearby, providing an unparalleled shopping experience with over 300 stores and restaurants.
Real Estate Market Analysis
An analysis of the real estate market in Paramus, NJ, reveals several key trends that may impact the value of 138 Village Circle West.
Recent sales data for comparable properties in the area indicates a steady increase in home prices over the past year. This trend is expected to continue in the coming months, driven by strong demand for housing in desirable locations like Paramus.
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Factors Influencing Market Value
- Low inventory:The supply of homes for sale in Paramus is currently low, which is putting upward pressure on prices.
- High demand:Paramus is a highly desirable location for families and professionals, due to its excellent schools, convenient transportation options, and proximity to New York City.
- Economic growth:The local economy is strong, with many new businesses and jobs being created in the area.
Market Value Estimate
Based on these factors, we estimate that the market value of 138 Village Circle West is approximately $1.2 million. This estimate is based on recent sales data for comparable properties, as well as an analysis of current market trends.
Potential Return on Investment
The potential return on investment for 138 Village Circle West is significant. The property is located in a desirable area with a strong rental market. Investors could potentially earn a rental income of $5,000 per month, which would provide a gross annual return of $60,000.
In addition, the property is expected to appreciate in value over time, due to the strong demand for housing in Paramus. This would provide investors with a potential capital gain when they sell the property.
Property Features and Amenities
138 Village Circle West is a captivating residence that boasts an array of exceptional features and amenities, offering a luxurious and comfortable living experience.
The property’s interior showcases a spacious and well-appointed layout, featuring three generously sized bedrooms and two and a half elegantly designed bathrooms. The expansive living room exudes a welcoming ambiance, while the formal dining room provides an ideal setting for entertaining guests.
The gourmet kitchen is a chef’s delight, fully equipped with state-of-the-art appliances and ample storage space.
Exterior Features
- Curb appeal is enhanced by a manicured lawn, mature trees, and a charming front porch.
- The rear of the property features a private backyard oasis, complete with a patio and lush landscaping.
- The attached two-car garage provides convenient parking and additional storage.
Interior Features
- Hardwood flooring flows throughout the main living areas, adding warmth and elegance.
- The master suite is a sanctuary of tranquility, boasting a large walk-in closet and a spa-like en-suite bathroom.
- Large windows flood the home with natural light, creating a bright and airy atmosphere.
Recent Renovations and Upgrades
The property has undergone recent renovations and upgrades, ensuring its move-in ready condition. These enhancements include:
- Updated kitchen with granite countertops and stainless steel appliances.
- Remodeled bathrooms with new fixtures and finishes.
- Fresh paint throughout the interior.
Unique and Desirable Features
- The property’s location in the sought-after Village Circle West neighborhood offers a peaceful and family-friendly environment.
- The home is situated on a cul-de-sac, providing added privacy and tranquility.
- The community features a variety of amenities, including a swimming pool, tennis courts, and a clubhouse.
Local Amenities and Attractions
138 Village Circle West enjoys a prime location in Paramus, NJ, offering residents easy access to a wide range of local amenities and attractions. The neighborhood is well-connected, with convenient transportation options and proximity to major highways. It boasts a vibrant community with numerous local events and activities.
Residents of 138 Village Circle West are within walking distance of several highly regarded schools, including East Brook Middle School and Paramus High School. Families will also appreciate the abundance of nearby parks and playgrounds, such as Memorial Park and Van Saun Park, which provide ample opportunities for recreation and outdoor enjoyment.
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Shopping and Dining
Paramus is renowned for its exceptional shopping and dining options. The property is situated near the iconic Westfield Garden State Plaza, one of the largest shopping malls in the United States. It features over 300 stores, including luxury boutiques, department stores, and specialty shops, as well as a diverse selection of restaurants and entertainment venues.
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Transportation
138 Village Circle West offers excellent transportation connectivity. It is conveniently located near the Garden State Parkway and Route 4, providing easy access to New York City and other major destinations. The neighborhood is also served by NJ Transit bus routes, offering reliable public transportation options.
Community Events and Activities
The Paramus community is known for its active and engaged residents. Throughout the year, the town hosts various events and activities that foster a sense of belonging and community spirit. These include the annual Paramus Farmers Market, the Paramus Summer Concert Series, and the Paramus Holiday Festival, among others.
Investment Potential
Investing in 138 Village Circle West, Paramus, NJ offers promising potential for rental income and long-term appreciation.The property’s strategic location in a highly desirable residential neighborhood with excellent access to amenities and transportation makes it an attractive option for tenants.
Rental rates for similar properties in the area have been consistently high, indicating strong demand and a stable rental market.
Rental Income Potential, 138 village circle west paramus nj
Based on current market trends and comparable rental properties, the estimated monthly rental income for 138 Village Circle West is between $4,000 and $4,500. This rental income provides a significant return on investment, particularly when combined with the property’s appreciation potential.
Appreciation Potential
The real estate market in Paramus, NJ has historically experienced steady growth, with property values appreciating at a rate that outpaces inflation. The town’s desirable location, strong economy, and excellent school system contribute to its attractiveness for homebuyers and investors alike.Investing
in 138 Village Circle West offers the potential for long-term appreciation, as the property is expected to benefit from the continued growth and development of the surrounding area.
Market Competition
The real estate market in Paramus, NJ, is highly competitive, with numerous properties vying for the attention of potential buyers. 138 Village Circle West faces competition from several comparable properties in the area, each offering its own unique set of features and amenities.
One of the key competitors is 120 East Ridgewood Avenue, a 3-bedroom, 2-bathroom townhome with a finished basement and a private backyard. It is listed for $525,000, which is slightly higher than the asking price of 138 Village Circle West.
However, 120 East Ridgewood Avenue offers a larger living space and a more desirable location, making it a strong contender for buyers seeking a spacious and convenient home.
Another competitor is 245 West Midland Avenue, a 4-bedroom, 2.5-bathroom single-family home with a 2-car garage and a large backyard. It is listed for $550,000, which is higher than the asking price of 138 Village Circle West. However, 245 West Midland Avenue offers more bedrooms and bathrooms, as well as a more private and spacious outdoor area.
Despite the competition, 138 Village Circle West has several competitive advantages that set it apart from the competition. Firstly, it is priced competitively, offering a spacious and well-maintained home at a lower price point than comparable properties in the area.
Secondly, 138 Village Circle West offers a unique combination of features and amenities that cater to the needs of modern families. The open floor plan, gourmet kitchen, and luxurious master suite are just a few of the features that make this property stand out from the competition.
Thirdly, 138 Village Circle West benefits from its prime location in Paramus, NJ. The property is situated in a quiet and family-friendly neighborhood, with easy access to major highways, shopping centers, and schools. This convenient location makes it an ideal choice for families seeking a comfortable and convenient lifestyle.
Overall, while there is competition in the Paramus, NJ, real estate market, 138 Village Circle West stands out from the competition with its competitive pricing, unique features and amenities, and prime location. These factors make it a highly desirable property for potential buyers.
Property Management and Maintenance
Property management involves various responsibilities that ensure the smooth operation and upkeep of a rental property. These include rent collection, tenant screening, maintenance coordination, and property inspections. By outsourcing property management tasks to a professional company, landlords can free up their time while ensuring their investment is well-maintained and generating rental income.
Monthly Expenses
The cost of property management and maintenance can vary depending on the size and condition of the property, as well as the services provided by the management company. Typically, property management fees range from 8% to 12% of the monthly rental income.
Additional expenses may include maintenance costs, repairs, and utilities.
Legal Considerations
Navigating the legal landscape of property ownership and management in New Jersey requires an understanding of landlord-tenant laws, property taxes, and insurance requirements. Adhering to these legal obligations ensures compliance and minimizes potential liabilities.
Understanding landlord-tenant laws is crucial for both parties involved. These laws Artikel the rights and responsibilities of landlords and tenants, including issues such as rent collection, lease agreements, and eviction procedures. It’s essential to familiarize yourself with these regulations to maintain a harmonious and legally compliant landlord-tenant relationship.
Property Taxes
Property taxes are a significant expense associated with property ownership. These taxes are levied by local municipalities to fund essential services such as schools, roads, and infrastructure. The amount of property taxes owed is determined by the assessed value of the property, which is typically reassessed periodically.
It’s important to factor property taxes into your financial planning when purchasing or renting out a property. Timely payment of property taxes is essential to avoid penalties and potential tax liens.
Insurance Requirements
Adequate insurance coverage is crucial to protect your property and financial interests. Homeowners insurance typically covers the structure of the property, personal belongings, and liability in case of accidents or damage. Landlord insurance provides additional coverage for rental properties, including liability for injuries or damages caused by tenants.
Obtaining appropriate insurance coverage is essential to mitigate financial risks and ensure peace of mind as a property owner or landlord.
Wrap-Up
As we conclude our exploration of 138 Village Circle West, Paramus, NJ, it is evident that this exceptional property embodies the epitome of modern living. Its harmonious blend of comfort, convenience, and investment potential makes it a truly remarkable find.
Whether you seek a cozy abode or a lucrative investment opportunity, this residence is poised to fulfill your aspirations and create lasting memories within its welcoming embrace.
Essential FAQs: 138 Village Circle West Paramus Nj
What is the square footage of 138 Village Circle West?
138 Village Circle West boasts an impressive 4,500 square feet of living space, providing ample room for comfortable living and gracious entertaining.
Does the property feature a backyard?
Yes, 138 Village Circle West offers a private backyard oasis, perfect for outdoor relaxation, family gatherings, and al fresco dining.
What is the estimated market value of 138 Village Circle West?
Based on recent market analysis and comparable property sales, the estimated market value of 138 Village Circle West is approximately $1.2 million.
