Located in the heart of Hawthorne, New Jersey, 279 Rea Ave Ext is a property that has drawn attention from homebuyers, real estate investors, and those looking for a comfortable suburban lifestyle. With its ideal location, proximity to amenities, and a strong real estate market, this address is worth exploring in detail.
This article provides an in-depth look at 279 Rea Ave Ext, Hawthorne, NJ, covering its real estate value, neighborhood features, market trends, and investment potential. Whether you are considering purchasing property in Hawthorne or just looking for valuable insights, this guide has everything you need to know.
About 279 Rea Ave Ext, Hawthorne, NJ
279 Rea Ave Ext is situated in Passaic County, an area known for its suburban charm, great schools, and convenient access to New York City. This specific address offers a blend of residential appeal and investment potential, making it a sought-after property in the local market.
Key Property Features
- Spacious Lot Size – The property provides ample space for outdoor activities, landscaping, or future expansions.
- Modern Architecture – Depending on its latest renovations, the home may feature updated interiors, contemporary finishes, and energy-efficient appliances.
- Great Neighborhood – Located in a family-friendly area with access to parks, shopping centers, and transportation.
- Investment Opportunity – Given Hawthorne’s rising home values, this property could be a lucrative real estate investment.
The Neighborhood: Living in Hawthorne, NJ
1. Location & Accessibility
Hawthorne, NJ, is a prime suburban location offering a balance between peaceful residential living and quick access to major cities like New York.
- Distance to NYC: Approximately 20 miles, with train and bus options for commuters.
- Nearby Highways: Easy access to Route 208, I-80, and the Garden State Parkway.
- Public Transit: NJ Transit rail and bus services make daily commuting convenient.
2. Schools & Education
Families considering 279 Rea Ave Ext will appreciate Hawthorne’s top-rated schools and commitment to education.
- Public Schools: Hawthorne High School, Roosevelt Elementary School, Lincoln Middle School.
- Private Schools: Hawthorne Christian Academy and nearby Catholic schools.
- Higher Education: Proximity to William Paterson University and Montclair State University.
3. Shopping, Dining, & Entertainment
Residents of 279 Rea Ave Ext enjoy access to various shopping centers, restaurants, and entertainment spots.
- Shopping: Hawthorne Commons, Willowbrook Mall (15-minute drive), and local boutique shops.
- Dining: Popular restaurants include Bottagra, Arturo’s, and Justin’s Ristorante.
- Recreation: Goffle Brook Park, Hawthorne Pool, and local sports facilities.
4. Safety & Community
Hawthorne is known for its low crime rates and strong sense of community. Local neighborhood associations and events foster a welcoming environment.
Real Estate Market Trends in Hawthorne, NJ
The real estate market in Hawthorne, NJ, has been experiencing steady growth, making properties like 279 Rea Ave Ext highly desirable.
1. Home Value Trends
- Average Home Price in Hawthorne: $450,000 – $600,000 (varies based on size and condition).
- Annual Appreciation Rate: Approximately 5-7%, making it a solid investment choice.
- Demand for Homes: High demand due to limited inventory and strong community appeal.
2. Rental Market
- Average Rent for Single-Family Homes: $2,500 – $3,500/month.
- Tenant Demand: Steady due to the area’s proximity to NYC and strong job market.
- Airbnb & Short-Term Rentals: Increasingly popular, subject to local regulations.
3. Investment Potential
- Flipping Opportunities: Older homes in Hawthorne often see strong returns after renovation.
- Long-Term Appreciation: Property values continue to rise, benefiting buy-and-hold investors.
- Rental Yields: Competitive rental rates make it a profitable option for landlords.
Financing & Buying Considerations
If you’re considering purchasing 279 Rea Ave Ext, Hawthorne, NJ, it’s essential to explore financing options and real estate transaction details.
1. Mortgage Rates & Loan Options
- Conventional Loans: Competitive rates for qualified buyers.
- FHA & VA Loans: Great options for first-time buyers and veterans.
- Investment Property Loans: Higher down payment requirements, but strong ROI potential.
2. Home Inspection & Property Condition
- Ensure a thorough home inspection to identify potential issues before purchase.
- Check for recent renovations, HVAC condition, roofing status, and foundation stability.
3. Closing Costs & Additional Expenses
- Closing Costs: Typically 2-5% of the home’s purchase price.
- Property Taxes: Hawthorne’s average property tax rate is 2.3% of assessed value.
- HOA Fees (If Applicable): Check if there are any neighborhood association dues.
Selling a Home in Hawthorne, NJ
For homeowners looking to sell 279 Rea Ave Ext, here are some tips to maximize sale price and minimize time on the market.
1. Enhance Curb Appeal
- Landscaping improvements and exterior updates can boost home value.
- Fresh paint, a well-maintained lawn, and updated entryways attract buyers.
2. Stage & Market Your Home
- Professional staging and high-quality photography can increase interest.
- List on major real estate platforms like Zillow, Realtor.com, and Redfin.
3. Set a Competitive Price
- Work with a local real estate agent to determine the best listing price.
- Analyze recent comparable sales in Hawthorne for accurate pricing.
Conclusion
279 Rea Ave Ext, Hawthorne, NJ, is a prime real estate opportunity offering location advantages, investment potential, and a desirable suburban lifestyle. Whether you are a homebuyer, investor, or seller, understanding the market trends, financial considerations, and neighborhood highlights can help you make the best decision.
For those interested in this property, working with an experienced local real estate agent will provide invaluable insights and ensure a smooth transaction.
