Wyckoff home sells $225K over asking price
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What’s more important for you in your home search: finding a good location, or finding a home that’s fully updated?
For one home in Wyckoff, the location landed the sellers an offer $225,000 more than their original asking price, despite the property not being one of the newest on the market.
The five-bedroom, three-bathroom Dutch Colonial home at 335 Allison Way is situated on a .57-acre lot in the Carriage Lane section of Wyckoff. The home offers 3,863 square feet of living space and comes with a finished basement, a two-car garage, a deck and a walk-out backyard. Originally listed for $999,999, the home sold for $1.225 million on Jan. 8.
335 Allison Way, Wyckoff, NJ 07481 | Compass
“It was an estate, the sellers were siblings and it was their parents’ home that they grew up in,” said Frances Hanson Ekblom, a realtor with Compass Real Estate in Ridgewood and the listing agent of the property. “I think if we got $1 million we’d be good, but we hoped we’d get more and that was sort of our attitude. I was trying to go on the market feeling more than likely we’d get more, but the market would tell us how much more.”
When preparing the home to go on the market, Ekblom said they made very few updates. Besides removing old carpeting and adding a fresh coast of paint to the home’s first floor, she said all they really did was have the home professionally cleaned.
By choosing to do this, rather than renovating the whole property, she said this not only helped keep the price lower to give more potential buyers an opportunity, but it also left the home as-is, so the next owner could customize it for themselves.
“My goal was to make it an open, clean canvas and let the buyers see how they’d like to color it with their own style,” she said. “I think people have to have a good sense that you can’t have everything, and that if you want a spanking new 2024 kitchen right away, then this isn’t going to be the house for you.”
The property was officially listed for sale at the end of October, but Ekblom said showings didn’t begin until the weekend of Nov. 25. With more than 40 showings across two days, she said they started receiving offers within an hour of the first showing.
One of those offers came from the clients of Megan Fox and Theresa Ehrline, Realtors with Compass Real Estate in Ridgewood. Fox said that between the home’s prominent location in Wyckoff and the fact that it hadn’t been customized for someone else’s lifestyle, her clients were more than willing to offer more for the home.
She said the home on Allison Way ended up being the only property their clients had put an offer in on. While they had looked at a variety of different homes, Fox said there was nothing that really piqued their interest. But, she said that as soon as they saw this one, they already had a vision for its potential.
“They felt like and we felt like this house was a diamond in the rough because, yet, it has to be renovated, but it’s in an excellent neighborhood and the bones are all…
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