Verona

Verona, N.J.: A Hilly Suburb Where You Can Stretch Your Budget While surrounding areas have high taxes and bidding wars, residents say this Essex County township is a surprisingly affordable alternative.

Surrounded by Montclair, Caldwell, Cedar Grove and West Orange, Verona sits between the First and Second Watchung Mountains, with the Hilltop Reservation marking the northern peak and the Eagle Rock Reservation in the south. Aside from the nature outlets these two parks provide, their inclines lodge some of Verona’s pricier houses, like those in the Afterglow section, named for the sunset views that many homeowners there enjoy. The houses, sloping up toward Eagle Rock, were mostly built in the 1920s and ’30s, and have larger lots.

Verona’s available housing stock is small. In early March, 16 single-family homes and 22 condominiums were on the market. At the high end was a 4,000-square-foot, six-bedroom house built in 1915, listed for $1.099 million; at the low end was a one-bedroom, two-bathroom apartment in the Claridges, listed for $160,000.

The lower-lying center of Verona is anchored by the 64-acre Verona Park and its lake; at its northern end, the park meets up with the township’s main commercial district on Bloomfield Avenue. Houses along the streets spreading out from the center are more modest, with an assortment of ranches, split-levels, Cape Cods and smaller colonials. While some homeowners put on additions, Verona has not had the rash of house demolitions and rebuilding experienced in nearby Essex County towns.

According to the Garden State Multiple Listing Service, 122 single-family houses sold for an average price of $567,597 from June 2019 through February 2020; 113 houses sold in the same nine-month period the year before, at an average price of $534,917. For condos, 52 sold from June 2019 through February 2020 for an average price of $311,748, compared with 53 condos during that period in 2018-19 for an average of $280,633.

Monthly rents at newer apartment complexes like Annin Lofts and Highlands at Hilltop run from $2,000 to $4,200.

 

Source:

Jill P. Capuzzo

New York Times

Verona Properties

$652,072

Average Listing Price

55

Active Listings

$427

Price/Sq Ft.

1.8182%

Foreclosures / REO

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New Listings (3)
Foreclosure Listings (1)
Short Sale Listings (1)
Single Family Homes for Sale (19)
Condos & Townhomes for Sale (25)

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NEWJERSEY The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: Nov 25, 2024 9:36:pm.

Source: New Jersey Multiple Listing Service, Inc.

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