Celebrity real estate in N.J.

By Joe Atmonavage | NJ Advance Media

While there has not been much action in regards to celebrity real estate during the backend of the summer months, the earlier part of the season was filled with celebrities throughout the state looking to sell their homes, either by listing their properties or slashing the price tag of previously listed homes.

And while none of those high-end properties found a buyer as the summer winds down, the lone purchase of a celebrity home in New Jersey was the tiny childhood home of an iconic rock legend.
Here is a complete recap of the celebrity real estate market this summer:

What sold?

Bruce Springsteen’s childhood home sells for $255K
Bruce Springsteen’s childhood home, the duplex with four tiny rooms and no hot water, where he was often “roaring with anger,” as he wrote in his autobiography, sold for $255,000.

Springsteen moved into the left unit of 39 Institute St. in Freehold with his parents and sister when he was 5 and lived there until high school, according to his autobiography, “Born to Run.”

According to the listing, each unit has a kitchen, a living room and two bedrooms. The home also has a sizable backyard and a driveway that can fit four cars.

Originally listed for $269,900 in November 2017, Barbara Conti, the listing agent, told NJ Advance Media that the fact that Springsteen lived in the home was merely a fun anecdote, not of significant value.

Who listed?

‘RHONJ’ stars’ Montville mansion back on the market for $3.3M

After taking the home off the market in March, “Real Housewives of New Jersey” stars Joe and Melissa Gorga put their 9,500-square-foot mansion back up for sale in early June for just under $3.3 million.

Described as “resort style living” on the exclusive Pond View street in Montville, a long cobblestone driveway leads up to the six-bedroom, eight-bathroom home that is located on more than 2 acres, according to the listing.

The home was last on the market from October 2017 to March 2018 for $3.5 million. According to property records, the Gorgas purchased the property in 2007.

Former home of music mogul Russell Simmons on market for $18.9M

Music mogul Russell Simmons’ former home, which is described as one of the “most extraordinary estates in the New York Metropolitan area,” went on the market for $18.9 million in June.

Located on nearly 4 acres, the home has eight bedrooms and 15 bathrooms.

Simmons and his now-ex-wife, Kimora Lee, who is a model and fashion designer, bought the 19,075-square-foot Saddle River mansion in 2001 for $13.5 million before selling the property for $10 million in 2011, according to property records.

Derek Jeter selling waterfront castle on N.J./N.Y. border for $14.75M

While located just over a quarter-mile from the New Jersey border in New York, Derek Jeter listing his massive castle-like waterfront home in June had to be included in the roundup. Located in Greenwood Lake, the property is filled with high-end amenities, including four indoor kitchens, three houses (main house, guest house, pool house), an infinity pool, a lagoon, a waterfall, a game room, an elevator and a widow’s walk overlooking the lake.

In total, there are six bedrooms and 12 bathrooms. The home, originally built in 1903, according to the Times Herald-Record newspaper, has been updated in the past 15 years since Jeter has owned the property.

Rapper French Montana puts N.J. mansion on the market for $1.4M

Rapper French Montana’s 6,134-square-foot Morris County home went on the market in June for $1.4 million.

The historic Pompton Plains home, which was built in 1781, is located on a gated property of more than an acre of land. Inside, the home has 18 rooms, including six bedrooms and five-and-a-half bathrooms.

The Moroccan-born artist, whose legal name is Karim Kharbouch, bought the property for just under $1 million in 2013, according to property records.

Property taxes were $21,033 in 2018. The property was last assessed for $947,000, according to property records.

Former Fox News host selling beachfront Jersey Shore home for $3.2M

Eric Bolling, a former Fox News television host, put his oceanfront Jersey Shore home on the market for $3.2 million in mid-July. Located in Long Beach Township, the 3,100-square-foot home, which has 75 feet of beachfront property, is described in its listing as being “tastefully furnished and decorated for the perfect island getaway.”

Boling and his wife, Adrienne, bought the property for $2 million in 2005, according to property records.
The property was last assessed for just under $2.1 million, according to property records. Property taxes were $20,133.

Wall Street billionaire and NHL team owner selling N.J. home for $3.2M

Vincent Viola, a Wall Street billionaire, who President Donald Trump once nominated to be the secretary of the Army, put his custom-built Chatham home that has “every amenity imaginable” back on the market for $3.2 million in July.

Viola, who also owns the Florida Panthers, has never lived in the home, Barbara Veeder, the listing agent, previously said. She said a family member lived in the previous home that was on the property before it was knocked down to build this home in 2017.

After the home was built in 2017, the property was assessed for nearly $2.5 million, according to Zillow. Property taxes are $44,475.

Late Peter Frelinghuysen Jr.’s grand N.J. estate back on market for $4.25M

The estate of former U.S. Sen. Peter H. B. Frelinghuysen Jr., a descendant of one of New Jersey’s most politically powerful families, went back on the market for $4.25 million in August.

Known as “Singing Woods,” the 20-room Georgian Colonial-style home is located on 32 acres in Harding Township. The property was last on the market in 2016 for $4.5 million, according to previous reporting by NJ Advance Media.

The property was last assessed for just over $3 million, according to property records. Property taxes for the home are $34,427 (much of the property is classified as a farm).

Bestselling author lists lavish N.J. mansion for $3.35M

New York Times bestselling author Dorothea Benton Frank, who is known for her sweeping (and often humorous) tales often set in the low country of South Carolina, recently listed her lavish Montclair residence for $3.35 million.

The 10,159-square-foot “grand and stately” home, which was designed by Charles Lewis Bowman, a prominent architect in the early 20th century, has 21 rooms, seven bedrooms, six full bathrooms and two powder rooms.

Property taxes for the home are $82,148. The property was last assessed for nearly $2.7 million.

Who slashed their price tag and by how much?

Modest N.J. home of longtime Giants GM now listed for under $500K

The only non-million dollar property on this list, the home of ex-New York Giants general manager Jerry Reese has gone through multiple rounds of price slashing. It was most recently reduced by nearly $50,000 in August.

Previously, the 2,793-square-foot home, which is located on more than four-and-a-half acres of wooded land, had its listing price cut to under $500,000 in June. It is now listed for $449,900.

Reese bought the home with his wife, Gwen, for $257,500 in 1999.

Property taxes were $10,746 in 2017. The property was last assessed at $401,000, according to property records.

Comedian Tracy Morgan is selling one of his N.J. homes for $2M

After buying a $13.9 million Alpine mansion in 2015, comedian and actor Tracy Morgan first put his 4,485-square-foot home that is located on a 6-acre preserve in Cresskill on the market in May for $2.25 million before the listing price was slashed to just under $2 million in June.

Built in 1982, the contemporary home has six bedrooms and five-and-a-half bathrooms. The home opens up to vaulted ceilings throughout the main living areas.

Property taxes are $51,802. According to property records, the home was last assessed at $2.1 million.

Former Giants star Jason Pierre-Paul drops listing price of N.J. home by $200K

Jason Pierre-Paul, the two-time Pro Bowl defensive lineman formerly of the New York Giants, dropped the listing price of his Montclair home by $200,000 in late July. Pierre-Paul, who was traded by the Giants to the Tampa Bay Buccaneers in the offseason, put his home on the market in April for $1.25 million. The home is now listed for just over $1 million.

Located on a quiet, suburban block, the home, which was built in 1927, has six bedrooms and four-and-a-half bathrooms.

Pierre-Paul purchased the 4,280-square-foot home for just under $1 million in March 2017, according to property records. The home was last assessed at $942,500, according to Zillow. Property taxes for the home are $32,375.

Rockefeller’s great-grandson drops price to $3.2M for glitzy N.J. home

Nelson Rockefeller Jr. dropped the listing price on the 5,200-square-foot Montclair home that he owns with his wife, Amy Taylor, by $200,000 at the end of July.

The home has five bedrooms, six bathrooms and is located on a little less than an acre of land. Highlights of the home include: a “spacious” master suite that has two walk-in closets and a luxurious bathroom, a chef’s kitchen with high-end appliances, a library with built-in bookcases and a fireplace, a basement level with a fitness room, a movie theater, a playroom, a family room, and a blue stone patio and a pool in the backyard.

The couple bought the home for $2.55 million in 2011, according to property records. This is the first time it has been on the market since then, according to Zillow.

According to the listing, the sale also includes a neighboring lot that was most recently assessed at $419,800. Total property taxes for the home and the neighboring lot are $87,509.

Source: nj.com