Lakefront N.J. home is a steal for $550,000. Here’s why.
NJ.com • • technology
Key Points:
- A three-bedroom, one-bathroom lakefront home on Cedar Lake is listed for $550,000, which is below both the statewide median home price of $570,000 and Denville’s median of $610,000.
- The 95-year-old raised ranch, built in 1931, sits on half an acre with 100 feet of water frontage and offers stunning lake views, a stone fireplace, and a two-car garage.
- The home requires cosmetic updates and is sold as-is, but recent renovations include a remodeled kitchen, new roof, HVAC system, and a converted sunroom that expands the living space.
- Located at a quieter, more remote part of Cedar Lake, the property offers privacy, access to 600 acres of hiking trails, and non-motorized lake recreation, with a $50 monthly HOA fee.
- Since its listing on April 6, the home has attracted significant interest, with 40 showings in one weekend, praised for its solitude, privacy, and scenic views.
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