Score
0New Milford, NJ
297 Berkshire Ave
590K
4 beds
2 baths
4 bd • 2 ba • sf
This analysis was generated on 1/31/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$590,000
Price/Sq.Ft
$590,000
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Four Bedrooms and Two Bathrooms: The property offers a good number of bedrooms and bathrooms, making it potentially suitable for families or those needing extra space.
• Suburban Setting: New Milford is described as having a desirable suburban lifestyle, which can appeal to many buyers seeking a balance between city access and a more relaxed environment.
• Access to Major Roadways: The property's proximity to Route 4 and the Garden State Parkway can be convenient for commuters who rely on driving.
• Median Income: The median income in New Milford is $98,992, which indicates a stable and potentially affluent community that could support long-term property value.
• Traditional Home Style: From the image, the house appears to have a traditional style, which can appeal to buyers who prefer classic architecture and design.
The Bad
• Unknown Square Footage and Price per Square Foot: The lack of this key information makes it difficult to assess the property's value compared to other homes in New Milford. This lack of data is a significant drawback for potential buyers.
• No Property Description: The absence of a property description makes it difficult to determine specific features, the condition of the home, or its layout. This lack of information makes it harder to assess its suitability.
• Older Housing Stock: Many homes in New Milford were built in the mid-20th century. This means that the property may require renovations and updates, including potential asbestos or lead paint abatement.
• Lack of Utility Information: The absence of utility information makes it difficult to estimate monthly operating costs and plan accordingly.
• Septic System Uncertainty: It's unclear if the property has a septic system, which could require specific maintenance, inspection, and potential replacement costs.
The Ugly
• Potential Flood Risk: The property's location in New Milford, where parts of the town are in flood zones, means there is a risk of flooding. Flood insurance may be mandatory and expensive, adding to the cost of ownership.
• High Property Taxes: New Jersey has some of the highest property taxes in the nation, and New Milford is no exception. This will increase the monthly costs and reduce the overall affordability of this property.
• Superfund Site Proximity: The property's proximity to the Universal Oil Products Superfund site could pose environmental and potential long-term health risks for residents. This can affect the property's desirability and value.
• Aircraft Noise: The proximity to Teterboro Airport may cause aircraft noise, which can be a significant issue for some buyers and might affect the overall living experience.
• Potential for Older Home Issues: The age of the housing stock in New Milford means the property may have hidden issues related to asbestos, lead paint, or aging systems that could result in costly repairs.
• Commute Challenges: The lack of a train station in New Milford and reliance on buses or driving to nearby towns for train access can add to the commute time and make it less convenient.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking a traditional single-family home in a suburban setting: The 4-bedroom, 2-bathroom layout could appeal to families or those needing extra space. The presence of a garage, as seen in the image, adds to the convenience.
• Homeowners comfortable with potential renovations: Given the age of the housing stock in New Milford, buyers who are prepared for updates or have a budget for possible renovations might find this property suitable.
• Buyers who prioritize access to major roadways: The property's location near Route 4 and the Garden State Parkway may be ideal for those who need to commute by car, despite potential traffic congestion.
• Buyers with a long-term perspective: The median income in New Milford is $98,992, suggesting a stable community that may support long-term property value appreciation.
• Buyers who are comfortable with the potential for aircraft noise: The property's proximity to Teterboro Airport may be a concern for some, but those who are less sensitive to this may find the location acceptable.
Not For
• Buyers who require immediate access to train lines: New Milford lacks its own train station, potentially making commuting to NYC more time-consuming and less convenient for some.
• Buyers seeking a low-maintenance home: The age of the housing stock in New Milford suggests that this property may require updates or repairs, which could be a concern for buyers seeking a turnkey home.
• Buyers on a tight budget: New Jersey has high property taxes, and New Milford is no exception. Additionally, flood insurance may be necessary, adding to the monthly costs.
• Buyers sensitive to aircraft noise: Due to its proximity to Teterboro Airport, this property may experience aircraft noise, which could be a deterrent for some buyers.
• Buyers seeking a recently built, modern home: The older housing stock in New Milford means that this home is likely to have older systems and may not have modern amenities.
Demographics
Area Median Income
$98,992
Property History
Price History
Ownership Timeline
$590,000Financed
Apr 18, 2023Kenneth Janso, Estate Of Marianne H JansoAbigail Goldstein, Perry Raskin
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Nov 23, 1999Emil Janso, Marianne H JansoMarianne H Janso
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,321
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