First Phase of Eatontown, N.J. Community 70 Percent Sold

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By Erika Schnitzer, Associate EditorEatontown, N.J.–The first phase of Mill Pond at Eatontown, a 118–unit, seven-building condominium community developed by Iselin, N.J.-based American Properties Reality, is now 70 percent sold.All units are two-bedroom, two-bathrooms and are priced from $252,990 to $268,990. “The price in today’s market is most important as it correlates to value,” says […]

By Erika Schnitzer, Associate EditorEatontown, N.J.–The first phase of Mill Pond at Eatontown, a 118–unit, seven-building condominium community developed by Iselin, N.J.-based American Properties Reality, is now 70 percent sold.All units are two-bedroom, two-bathrooms and are priced from $252,990 to $268,990. “The price in today’s market is most important as it correlates to value,” says Paul Csik, senior vice president of American Properties Realty. “The value that people are getting is 1,500 to 1,600 sq. ft. with a lot of standard features already included.”The residences feature Kohler bathroom fixtures, Kitchencraft cabinetry, Whirlpool ovens and dishwashers. Each unit includes private balconies or terraces, remote entry intercom systems and garages. “Most of the people that are buying are first-time buyers and can move in without any added expense for appliances or [other amenities] that new construction often might not include,” says Csik, noting that the buyer profile is young, either single or married with no children.As a grand-opening incentive, Mill Pond is offering a fireplace and Whirlpool washer, dryer and refrigerator for all purchases. The development will include three phases in total. Phase II is already 40 percent sold and move-ins for the first phase will begin in July.Located within five miles of several area train stations, the property is within two miles of the Jersey Shore and less than three miles from the Garden State Parkway.

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