This specific address designates a single-family residential property located within the borough of Cresskill, New Jersey. Such properties contribute to the residential landscape of the community and provide housing for individuals and families. Cresskill, situated in Bergen County, offers a suburban environment with access to various amenities and services.
The value and desirability of a residential address like this are influenced by factors such as proximity to schools, parks, transportation, and local businesses. Real estate in Cresskill, a desirable community, often holds its value well. The specific location contributes to the property’s unique characteristics and its overall market appeal.
Understanding the context of this location allows for a more informed discussion regarding related topics such as property values, community demographics, and local development trends. Further exploration into Cresskill’s real estate market and its broader implications within the larger regional context can provide a deeper understanding of the dynamics influencing residential areas like this.
1. Location
Location significantly impacts the characteristics and value of a property like the one at 142 Hoover Drive, Cresskill, NJ. Properties within desirable locations often command higher market values and offer specific lifestyle advantages. Proximity to amenities, such as high-performing schools, convenient transportation options, and thriving commercial centers, contributes to a location’s desirability. For example, a property near a well-regarded school district might appeal to families with children, potentially increasing its value. Similarly, easy access to major highways or public transportation can be a significant factor for commuters. The specific location within Cresskill also influences the property’s character. Different neighborhoods might offer varying levels of tranquility, privacy, and access to green spaces, all contributing to the overall appeal.
Furthermore, location influences property taxes and insurance rates. Municipalities with higher property values and lower crime rates often correlate with higher property taxes but potentially lower insurance premiums. The accessibility of emergency services, including police and fire departments, also varies based on location. Considering these factors helps in understanding the comprehensive impact of the location itself. Access to community resources, such as libraries, recreational facilities, and healthcare providers, also plays a vital role. These amenities contribute to the overall quality of life associated with a specific location. Understanding these interconnected elements provides a more nuanced perspective on the role of location in real estate.
In summary, the location of a property like 142 Hoover Drive in Cresskill, NJ represents a complex interplay of factors that influence its value, desirability, and overall character. Analyzing these elements helps in forming a comprehensive understanding of the property within its specific geographic context. This understanding is crucial for assessing the long-term implications of owning a property in a specific locale and its potential for appreciation or depreciation.
2. Property
“Property,” in the context of “142 Hoover Drive, Cresskill, NJ,” refers to the physical characteristics, legal ownership, and market value associated with this specific address. Understanding these facets provides a comprehensive perspective on its significance within the real estate landscape.
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Physical Attributes
Physical attributes encompass the tangible elements of the property, including the lot size, dwelling type (e.g., single-family home, multi-family dwelling), architectural style, square footage, and the presence of any additional structures (e.g., garage, shed). These features directly influence market value and suitability for specific needs. For “142 Hoover Drive,” these details define the property’s tangible presence within the neighborhood.
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Legal Ownership
Legal ownership pertains to the recorded deed and title, outlining the rightful owner(s) and any encumbrances, such as mortgages or liens. This information is crucial for transactions and establishes clear ownership rights. For “142 Hoover Drive,” this documentation establishes the legal framework for ownership transfer and responsibilities.
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Market Valuation
Market valuation represents the estimated worth of the property based on comparable sales, current market trends, and property condition. This valuation is critical for transactions, property taxes, and insurance purposes. For “142 Hoover Drive,” market valuation reflects its position within the Cresskill real estate market and influences its potential resale value.
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Zoning Regulations
Zoning regulations dictate how the property can be used and developed, influencing allowable building heights, setbacks, and permitted uses (e.g., residential, commercial). These regulations impact the property’s potential for future modifications or development. For “142 Hoover Drive,” zoning regulations determine the permissible uses and potential for future expansion or alterations.
These facets of “property” provide a comprehensive understanding of “142 Hoover Drive, Cresskill, NJ” as a tangible asset. They define its physical presence, legal standing, market value, and potential for future use, offering a holistic perspective beyond just its address.
3. Residence
“Residence,” in the context of “142 Hoover Drive, Cresskill, NJ,” signifies the property’s function as a dwelling, a place of habitation. This perspective explores the aspects that contribute to its suitability and desirability as a home.
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Habitability
Habitability refers to the property’s suitability for human occupancy. This encompasses factors such as functioning plumbing and electrical systems, adequate heating and cooling, and structural integrity. A habitable residence provides a safe and comfortable living environment. For a property like 142 Hoover Drive, maintaining habitability is essential for its continued use as a primary residence.
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Functionality
Functionality encompasses the layout and design of the living spaces within the residence. This includes the number of bedrooms and bathrooms, the arrangement of the kitchen and living areas, and the overall flow of the house. A functional residence caters to the specific needs and lifestyle of its occupants. The functionality of 142 Hoover Drive influences its suitability for various household sizes and living arrangements.
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Amenities & Features
Amenities and features within the residence contribute to its comfort and convenience. These can include fireplaces, updated kitchens, hardwood floors, central air conditioning, and outdoor spaces. Such amenities often enhance the desirability and market value of a residence. The presence or absence of certain amenities at 142 Hoover Drive contributes to its perceived value and appeal to potential buyers or renters.
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Neighborhood Context
The residence exists within a larger neighborhood context, which influences its overall desirability. Factors such as the quality of local schools, proximity to parks and recreational facilities, and the overall safety and aesthetic appeal of the neighborhood contribute to the residential experience. The location of 142 Hoover Drive within Cresskill, NJ, plays a significant role in its desirability as a residence.
These facets of “residence” provide a comprehensive understanding of 142 Hoover Drive as a place of habitation. They move beyond the physical structure to encompass the elements that contribute to its function and desirability as a home within the community of Cresskill, NJ.
4. Cresskill
Cresskill, New Jersey, serves as the geographic context for 142 Hoover Drive. This borough, located in Bergen County, directly influences the property’s characteristics and market value. Cresskill’s reputation for excellent schools, a quiet suburban atmosphere, and convenient access to New York City contributes significantly to the desirability of residences within its boundaries. This location within a desirable municipality impacts property values, tax rates, and the overall residential experience. For example, the highly-rated Cresskill school district often attracts families seeking quality education, increasing demand and, consequently, property values in the area. The borough’s well-maintained infrastructure and public services also contribute to its appeal.
Furthermore, Cresskill’s zoning regulations and local ordinances directly impact development and land use within the borough, affecting properties like 142 Hoover Drive. These regulations govern building codes, property setbacks, and permitted uses, ensuring a cohesive community aesthetic and preserving property values. Cresskill’s location within Bergen County also provides access to county resources and amenities, further enhancing the quality of life for residents. The borough’s proximity to major transportation arteries facilitates commuting to nearby urban centers, adding to its desirability for professionals working in New York City or other parts of the metropolitan area.
In summary, Cresskill provides the overarching municipal framework within which 142 Hoover Drive exists. The borough’s characteristics, reputation, and regulations directly impact the property’s value, desirability, and potential for future appreciation. Understanding Cresskill’s role as a key component of the address provides essential context for assessing its significance within the broader real estate market. This interconnectedness highlights the importance of considering the municipality when evaluating individual properties within its boundaries.
5. New Jersey
New Jersey provides the broader state-level context for 142 Hoover Drive, Cresskill, NJ. Understanding the state’s characteristics, regulations, and overall environment is crucial for a comprehensive assessment of the property. New Jersey’s location within the Northeast megalopolis, its diverse economy, and its established legal and regulatory frameworks all play a role in shaping the real estate landscape, including the specific market dynamics of Cresskill.
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Taxation & Fiscal Policies
New Jersey’s property tax structure and overall fiscal policies influence the cost of homeownership within the state. Property taxes, a significant component of homeownership expenses, are determined by local municipalities but operate within the state’s broader fiscal framework. These policies, including state income tax and sales tax, influence the overall financial environment and impact the affordability of housing in different regions. For 142 Hoover Drive, understanding the New Jersey tax landscape is crucial for assessing the long-term costs of ownership.
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Real Estate Market Dynamics
New Jersey’s overall real estate market, influenced by factors such as economic growth, interest rates, and housing supply, impacts property values across the state. While local market conditions in Cresskill play a significant role, broader state-level trends influence market fluctuations and long-term appreciation or depreciation. For 142 Hoover Drive, understanding statewide market trends provides valuable context for assessing its investment potential.
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Regulatory Environment
New Jersey’s state-level regulations, including building codes, environmental protection laws, and real estate transaction procedures, govern property ownership and development. These regulations influence everything from construction practices to property disclosures, ensuring consumer protection and maintaining standards within the real estate market. For 142 Hoover Drive, adhering to New Jersey’s regulatory environment is essential for legal compliance and ensuring property integrity.
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Infrastructure & Transportation
New Jersey’s extensive transportation network, including highways, public transit systems, and proximity to major airports, significantly impacts accessibility and desirability. This infrastructure connects various parts of the state, facilitating commutes and influencing property values in areas with convenient access. For 142 Hoover Drive, the accessibility provided by New Jersey’s transportation infrastructure contributes to its desirability, especially for those commuting to nearby urban centers.
These facets of New Jersey’s influence on 142 Hoover Drive highlight the interconnectedness between state-level factors and local real estate. Understanding these broader influences provides a comprehensive perspective on the property’s value, its position within the market, and the long-term implications of ownership within the state of New Jersey.
6. Real Estate
“Real estate,” in the context of 142 Hoover Drive, Cresskill, NJ, encompasses the property itself, the surrounding market dynamics, and the legal framework governing its ownership and transfer. This perspective analyzes the property as a tangible asset within the broader real estate market. The property’s value is influenced by numerous factors, including location, size, condition, and local market trends. Cresskill’s real estate market, characterized by its desirable location and high-performing schools, typically commands premium prices compared to other areas. Market fluctuations, driven by factors such as interest rates and economic conditions, can significantly impact property values. Therefore, understanding real estate trends is crucial for assessing the investment potential of 142 Hoover Drive.
Furthermore, the legal aspects of real estate, including property rights, zoning regulations, and transaction procedures, play a vital role. Ownership of 142 Hoover Drive entails adherence to local zoning ordinances, which dictate permissible land uses and building restrictions. Real estate transactions involving this property require adherence to established legal procedures, including title searches, property appraisals, and the execution of legally binding contracts. Navigating these complexities requires a clear understanding of real estate law and regulations. For instance, recent sales data of comparable properties in Cresskill can provide insights into current market values and potential appreciation trends. Analyzing property tax assessments and historical sales data can further inform investment decisions.
In summary, understanding “real estate” in relation to 142 Hoover Drive requires considering market dynamics, legal frameworks, and the property’s intrinsic characteristics. This multifaceted perspective is essential for informed decision-making regarding property acquisition, ownership, and potential investment strategies. Analyzing local market trends, understanding zoning regulations, and adhering to legal procedures are crucial for navigating the complexities of real estate transactions and maximizing the potential value of properties like 142 Hoover Drive. This understanding provides a framework for evaluating the property not merely as a physical structure, but as a tangible asset within a dynamic and regulated market.
Frequently Asked Questions
This FAQ section addresses common inquiries regarding properties like the one located at 142 Hoover Drive, Cresskill, NJ. The information provided aims to offer a general understanding of relevant topics, but it should not be construed as professional legal or financial advice.
Question 1: How do property taxes in Cresskill, NJ, compare to other municipalities in Bergen County?
Property taxes in Cresskill are generally higher than in some other Bergen County municipalities, reflecting the borough’s desirable location, excellent schools, and high property values. Specific tax rates are determined annually and vary based on assessed property values.
Question 2: What is the typical commute time from Cresskill to New York City?
Commute times to New York City from Cresskill vary depending on the mode of transportation and specific destination. Driving can take anywhere from 30 minutes to over an hour during peak traffic. Public transportation options, such as bus and rail, offer alternative commuting routes with varying travel times.
Question 3: What are the primary factors influencing property values in Cresskill?
Key factors include location, property size and condition, school district quality, proximity to amenities, and local market trends. Cresskill’s highly-rated school system is a major driver of property values.
Question 4: What types of residential properties are predominantly found in Cresskill?
Cresskill primarily features single-family homes, ranging from older, established residences to newer constructions. The housing stock reflects a mix of architectural styles and property sizes, catering to various preferences and needs. Multi-family dwellings and condominiums are also present, but less prevalent.
Question 5: What are the zoning regulations like in Cresskill for residential properties?
Cresskill maintains specific zoning regulations governing residential property development and use. These regulations address aspects such as lot size requirements, building heights, setbacks, and permitted uses. Consulting the borough’s official zoning ordinances provides detailed information.
Question 6: What are some of the key community amenities and resources available in Cresskill?
Cresskill offers various community amenities, including parks, recreational facilities, a public library, and community events. The borough’s location within Bergen County provides access to additional county resources and services.
These FAQs offer a preliminary overview. Consulting with local real estate professionals, legal counsel, and municipal resources is recommended for detailed information pertinent to specific properties and individual circumstances.
For further exploration, the subsequent sections will delve deeper into specific aspects of Cresskill’s real estate landscape and provide a more comprehensive analysis of the factors influencing property values and community dynamics.
Tips for Researching Properties Similar to 142 Hoover Drive, Cresskill, NJ
The following tips offer guidance for researching properties comparable to those found in Cresskill, NJ, providing a framework for informed real estate decisions. Due diligence and careful consideration of these factors are essential for successful property research.
Tip 1: Utilize Online Real Estate Portals: Explore reputable online real estate platforms to access comprehensive property listings, recent sales data, and market trends. Filter searches based on specific criteria, such as location, property type, and price range.
Tip 2: Consult Local Real Estate Experts: Engage with experienced real estate agents familiar with the Cresskill market. Local expertise provides valuable insights into neighborhood dynamics, property valuations, and market conditions.
Tip 3: Analyze Recent Sales Data: Scrutinize recent sales data for comparable properties in Cresskill to gauge current market values and identify potential appreciation trends. Consider factors such as property size, features, and location when comparing sales data.
Tip 4: Research Property Taxes and Municipal Services: Investigate property tax rates, assessment methods, and the availability of municipal services in Cresskill. Understanding the local tax burden and service levels is essential for accurate cost projections.
Tip 5: Evaluate School District Performance: Research the performance and reputation of the Cresskill school district. School quality is a significant factor influencing property values and desirability for families with children.
Tip 6: Assess Commuting Options and Transportation Infrastructure: Evaluate commuting options to nearby urban centers, considering proximity to major highways, public transportation availability, and typical travel times. Convenient transportation access enhances property desirability.
Tip 7: Explore Neighborhood Amenities and Community Resources: Investigate local amenities, such as parks, recreational facilities, libraries, and community centers. Access to these resources contributes to quality of life and neighborhood appeal.
By diligently applying these tips, individuals can gain a comprehensive understanding of the real estate landscape and make informed decisions aligned with their specific needs and investment goals. Thorough research is paramount for successful real estate endeavors.
The following conclusion synthesizes the key information presented and offers final perspectives on navigating the real estate market effectively. A thorough understanding of these factors is crucial for successful property research and informed decision-making.
Conclusion
This exploration of the address 142 Hoover Drive, Cresskill, NJ, has provided a multifaceted perspective encompassing its location within the borough, its property characteristics, its function as a residence, and its placement within the broader context of New Jersey’s real estate landscape. Key factors influencing property values in Cresskill, such as school district quality, proximity to amenities, and market trends, have been examined. Understanding these factors is essential for assessing the desirability and potential investment value of properties similar to this address.
The information presented serves as a foundation for further research and analysis. Due diligence, consultation with local real estate professionals, and careful consideration of individual circumstances are crucial for informed decision-making within the dynamic real estate market. Through comprehensive research and strategic planning, individuals can navigate the complexities of real estate effectively and achieve their property ownership goals. A thorough grasp of market dynamics, local regulations, and property-specific characteristics empowers informed decisions and contributes to long-term success within the real estate landscape.
