Daily Record from Morristown, New Jersey • Page 69

REAL ESTATE Allred Agency merges with Burgdorff Allred Associates formerly of 134 S. Finley Basking Ridge, has merged with Burgdorff Realtors. Owner Martha Allred and associate Donna Vogt will join Bergdorff Mendham office at 4 Main St. Rona Weber, another Allred associate, will join Burgdorff Pluckemin office on Route 202-206. "Allred's focus on professionalism and personal attention now will be backed by Burgdorff far-reaching re sources.

That's a plus for our customers and clients," Allred said. Allred worked for Southern Bell and for 35 years in personnel and human resource, programs, and for much of her career, was responsible for directing employee relocation policies. After retiring, she obtained a real estate license in 1986 and became a relocation specialist She opened her own office in 1989. Jay Staid, manager of Burgdorffs Mendham office, expressed enthusiasm at having Allred and Vogt join her staff. "These are top-notch, highly professional people, with real estate versatility and broad geographic knowledge.

"Martha has deep roots in the corpoi rate world. Donna is a longtime resident of Mendham, well-known in the, community. Together, they strengthen and broaden our professional IT IT" OWN A PIECE OF THE VALLEY T-P 1 Drakewick is a new home development in Mendham Township. Mendham's Drakewick offers 2 homes in time for holidays ft' Drakewick, a new home development inspired by Dave and Suzanne Jackson, is located in Mendham Township, a country community in Morris County. Near local shopping and recreational facilities, Drakewick enjoys lower taxes than most neighboring communities while boasting one of the finest school systems in the state.

Drakewick consists of eight models. No two homes look alike. The designs range from traditional to colonial, and all models include the modern touches needed for stress-free, comfortable living. There are two models currently available for holiday occupancy. First, the Windymere, a center hall colonial with a stucco facade and bay windows, will be completed this month.

Priced at $469,000, this home includes four bedrooms, 2.5 baths, a first-floor study and custom kitchen with G.E. appliances and customized tile counter tops and center island. The Murphy is the second holiday home available. This colonial with a service wing accented by dormers is being offered at $479,00. It includes four bedrooms and 3.5 baths, a two-story foyer, a custom kitchen and a master suite with its own sitting room.

Every Drakewick home includes a custom deck, sodded front trees, shrubs, seeded backyard, paved driveway and a gas light along the front walk. The average building time for a Drakewick home is four months. To visit, take Route 124 west to the first traffic light in Mendham at Cold Hill Road, turn left, then take the next left onto Devonshire Lane and follow the signs for the sales center which is open daily. Call (201) 543-6976 for information. I he Panther Valley lifestyle is unlike any other in northern New Jersey.

Don't miss out. on the last 4 brand-new homes available in the second section of Stone Ridge. Choose between 3 distinctive styles, each with 2 to 3 bedrooms, up to 2h baths, cathedral ceilings, fireplaces and more, Prices start at $169,900. Other Panther Valley highlights include: 24-hour security-protected entrance gate Tennis and Swimming On-site 18-hole golf course at the Less than V2 mile from Route 80 autonomous Panther Valley Golf and public transportation (8) sounTryuuD 4. Nearby shopping STONEffiniDGE c-CiC Panther Valley "Built the Best, By the Best, for the Best" Underground parking ensures safety at James Street condos Directions: Rt.80 West to Exit 19.

South on Rt, 517 approximately V2 mile to Panther Valley-Village Square shopping center, Panther Valley Realty (next to Post Office). 908-850-5600. AJ. IJU vides 24-hour security through a statejof-the-art security intercom system at the front door of each building. "This feature is especially important to the homeowner who lives alone, since he or she will always know the identity of a visitor before permitting that visitor to enter the building," said Ryan.

"All this additional parking convenience and security is available to buyers at no additional charge above the $139,900 starting prices," Ryan said. "This is just one fact that sets James Street Commons apart from other area home At James Street Commons, prospective buyers can choose between single-level floor plans and two-story models, which boast two bedrooms 2.5 baths, a formal dining area, and an extra lofted room. According to Ryan, fewer than 16 residences remain to be sold, affording home shoppers the rare opportunity to shrug off the inconveniences of winter parking. What's more, 80 percent of James Street Commons homes offer two indoor parking spots at no additional cost. To reach James Street Commons, take Interstate 287 north or south to Exit 29.

Turn right onto Harter Road and proceed to end. Turn left onto James Street and proceed approximately one-quarter mile to James Street Commons on the left Sales office is open Thursday to Monday from 11 a.m. to 4:30 p.m. At James Street Commons, underground parking garages eliminate many of the hassles usually associated with winter parking and commuting. The luxury condominium enclave, located in the heart of Morris Township, goes beyond the advantages of typical parking garages by providing additional conveniences for parking year-round.

"James Street Commons homeowners can step out of their cars after a cold, icy or snowy commute, and step into a comfortable, secure underground lot with a direct access elevator to their homes," said Marilyn Ryan, sales director. "The convenience does not stop there, added Ryan. "Since the grounds are automatically maintained by snow removal professionals, owners never have to worry about clearing sidewalks or shoveling garage entrance ways." With security on the forefront of everybody's mind lately, the developer of James Street Commons a principal of Bertram Associates incorporated features designed to ensure each owner's daytime and nighttime safety. For example, the community's remote-controlled garage doors allow arriving residents to' safely remain in their vehicles until they are inside the garage and the doors have been closed and locked. The community, praised by security experts for its fire protection and security systems, pro 3 Real Estate Facts by: Doug Tucker LONG VALLEY OPEN HOUSE SUNDAY 12 to 4 PM Foreclosure.

Immaculate home in executive neighborhood. New carpeting and repainted inside. Easy commute to 1-78. Act fast! West Valley Brook to Sierra to on Stone House, 7. $319,900.

HACKETTSTOWN (908) 850-01 00 Weichert, Realtors Win The Rate Race? Uncommon Living In Morris Township Choose One-Floor Convenience or Lofted BedroomDen From $139,900 There's nothing common about James Street Barring wife one of thecraxestlxationsmM(HisC( and character of a country setting whk only niraitesta the ad tions of downtown NIoritDm The ir rnakes an easy ccniiute to corpc northern and central New Jersey. Atjames Street Commor you CTchcose your, owniestyfe: fteeasy, ccnraierlccncf ore a rsti lofted bea correnEr security and vehaprirrete me chance to see how uncommon living can be atmes Street Dranons. Twobedroomstwobaths Homes ip to 2,000 sq. ft. Bving space Security doorimtwo-TirieiDDm Nearrail andbus fines; major hyro's Secured underground paridng garage Qiconeortwo-stDryfloorplans Direct access electors MtepatMorterrace 01 Independent Nationally So, which loan is better for you? There may be other factors to consider.

Are you likely to sell the home within a short period of time say three years? If sof you may benefit from the short-term benefit of the lower rate and payments. How much downpayment are yon prepared to offer? Which term is most desirable fifteen or thirty years? Each variable introduced into the mortgage equation may change the final solution. Before beginning your home search, ask a REALTOR to explain your options. Ask for help arranging a "pre-qualification" interview with a local lender. This important step can provide you with a conditional loan commitment a valuable tool when negotiating your next Learn more before yon buy.

I know and understand most of the new and innovative finance methods available in this area. Call me today! (Office) 455-1900 (Eves.) 584-2836 Thinking of buying new home? When you apply for a mortgage, which would you choose a 5.75 mortgage rate or an 8 mortgage rate? That seems like an easy question to answer. The lower, 5.75 mortgage, will result in lower monthly payments, or will it? The answer is not so simple. There are many different mortgage loans available, one for every financial need. The 5.75 mortgage may be lower because it is a "variable" rate loan.

The interest rate on this type loan "varies" from year to year, and is usually based on some other rate, such as the average of three-month Treasury Bills. As the rate goes up or down on the loan rate would also change, resulting in higher (or lower) payments on the mortgage. On most variable rate mortgages, the interest can go up no more than 2 per year, with an overall 6 lifetime change. On the other hand, the 8 mortgage may be a "fixed" rate loan. The interest rate on this mortgage remains the same throughout the life of the loan.

Monthly payments never change. Minutes fomMorristottTi Green FfeHa windows and GE appSances WHITE TWP. CALL FOR APPOINTMENT Whit Mtn. Estates an exclusive collection ot 11 custom built homes forming a new community with easy access to Rls. 46.

80, 31 and 78. One mile to the grade school. Near recreational facilities, partis, and the Delaware River for outdoor activities. Hurry, only one lot left! Rt. 80 exit 12, turn on 521 to blinking light, continue straight ahead, approx.

4 miles see sign on R. Starting at $169,900. (H-1677). Hackettstown (908)8500100 01 Independent Nationally Sales offioebpfflThuisday to Monday, 201-644-0596. Broker cooperation invited.

Offerings by prospectus only. JAMES STREET COMMONS Moms Township Sometimes ThePrice CfBdngDiffemtils The Price Of Being Better Directions 1 Rfe 287 or to Exit 29l Ibis.