When considering a property in Tenafly, New Jersey, the address 150 Oxford Drive stands out due to its desirable location and appealing characteristics. Tenafly, situated in Bergen County, is renowned for its excellent school system, charming neighborhoods, and proximity to New York City, making it a coveted area for prospective homebuyers. In this overview, we’ll delve into various factors that influence the 150 Oxford Drive, Tenafly NJ 07670 Purchase Price , offering a comprehensive understanding of what potential buyers might expect.
Property Overview
150 Oxford Drive is nestled in one of Tenafly’s picturesque and well-established neighborhoods. The property’s location is integral to its overall value, benefiting from the town’s serene environment while maintaining convenient access to major metropolitan areas. Known for its tree-lined streets and upscale homes, this neighborhood is highly sought after by families and professionals alike.
Factors Influencing Purchase Price
Several factors play a crucial role in determining the purchase price of a property like 150 Oxford Drive. These factors include the size and condition of the home, the lot size, architectural style, and recent market trends. Additionally, proximity to local amenities, such as schools, parks, and shopping areas, significantly impacts the value.
1. Size and Condition
The size of the home, including the number of bedrooms and bathrooms, square footage, and overall condition, is a primary determinant of its purchase price. At 150 Oxford Drive, Tenafly NJ 07670 Purchase Price prospective buyers will find a well-maintained residence that reflects quality craftsmanship and modern updates. The condition of the home, including recent renovations or upgrades, also affects the pricing. Well-maintained homes or those with recent renovations typically command higher prices.
2. Lot Size and Outdoor Space
The lot size of 150 Oxford Drive contributes to its value, offering ample outdoor space that enhances the property’s appeal. Larger lots provide additional privacy and room for outdoor activities, which can be a significant selling point. The presence of landscaped gardens, patios, or pools further enhances the attractiveness of the property, potentially increasing its purchase price.
3. Architectural Style and Features
The architectural style and unique features of 150 Oxford Drive also influence its market value. Whether it is a modern design, a classic colonial, or a contemporary style, the aesthetics and functionality of the home play a role in setting its price. Features such as high ceilings, open floor plans, and luxury finishes can add to the property’s overall value.
4. Market Trends and Comparable Sales
Market trends in Tenafly and recent sales of comparable properties provide insight into the expected purchase price of 150 Oxford Drive. Real estate markets can fluctuate based on economic conditions, interest rates, and housing demand. By analyzing recent sales of similar homes in the area, potential buyers and real estate professionals can gauge a reasonable price range for the property.
5. Local Amenities and School District
The appeal of 150 Oxford Drive is enhanced by its proximity to local amenities and the highly regarded Tenafly School District. Access to top-rated schools, parks, recreational facilities, and shopping centers adds value to the property. Buyers often prioritize locations with strong educational institutions and convenient amenities, which can drive up the purchase price.
Current Market Analysis
To provide a more specific estimate of the purchase price for 150 Oxford Drive, it is essential to consult recent real estate listings and market analyses. Real estate agents and online property valuation tools can offer up-to-date information on the current market conditions and pricing trends in Tenafly. These resources can help potential buyers understand the current value of 150 Oxford Drive relative to other properties in the area.
Conclusion
The purchase price of 150 Oxford Drive, Tenafly, NJ 07670, is influenced by a combination of factors including the size and condition of the home, lot size, architectural style, and current market trends. Tenafly’s attractive neighborhood, excellent schools, and proximity to New York City further enhance the property’s value. For the most accurate and current pricing information, potential buyers should consult with real estate professionals and review recent market data.
Whether you are looking to invest in a family home or seeking a property in a desirable area with excellent amenities, 150 Oxford Drive, Tenafly NJ 07670 Purchase Price offers an opportunity to explore the appealing aspects of Tenafly real estate. By understanding the various elements that affect its purchase price, you can make an informed decision and take advantage of the many benefits this property has to offer.