OPEN HOUSE – 46 Lake St, Nutley, NJ

46 Lake St, Nutley, NJ

June 04, Sunday 1:00 PM – 4:00 PM

$ Click for current price
4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2900 SQUARE FEET

This home backs Nichols park in the Spring Garden Section of Nutley NJ, In-Ground Pool, Finished Basement and more.

Elite Homes

Nutley, New Jersey’s Quiet Little Secret & NYC Commuters

Well, the Nutley Real Estate Market is on fire! actually any home from 300-400k especially a 3 bedroom 2 bath home in any section of Nutley people are jumping on, we have some out or area brokerages that are trying to start bidding wars and we have the town of Nutley which is still in flux with a new mayor and also the development of the old ROCHE property.

I heard that PRIZM the new owners of the ROCHE property do have 2 other companies that are moving into the property and they are going to be putting some high-end residential units on the former site, I think that it will improve this side of town and it will be a positive thing for Nutley as well.

Here are some homes that just went Under Contract in Nutley and also some homes that were Just Listed in Nutley Also, Nutley does not have a lot of Bank Owned homes in town but the neighboring town of Belleville & Clifton NJ Does You can see bank owned & short sales in Belleville Here and then you can also take a look at Bank Owned Homes in Clifton & Short Sales in Clifton New Jersey Also.

What Nutley does have is a great Parks system and probably one of the best police force in Northern NJ, the Fire Department Is Also Top Notch, Nutley is only 3 square miles but these fine ladies and men keep the streets of Nutley safe for families and businesses, Nutley is NewJersey’s quiet little secret only 12 miles from NYC  it is a great town for New York City commuters who want to raise a family, good schools, good shopping and great restaurants in and around Nutley, I’m going to name a few here!

Bella Luce Italian Cuisine, Luna Firewood Tavern, MEAL, Cubanelle (Cuban Food), Brix (Technically Belleville. Jamies Cigar Bar & Fine Dining (Clifton) Matthews (Clifton), NUOVO, American Bistro and a ton more of Pizzerias & other ethnic foods as well as chain restaurants.

I also have to mention that were are moving to our bigger, larger office in Nutley at 653 Franklin Ave on May first see our new office photo below:

Nutley Real Estate OfficeWe will now be one of the largest Real Estate office in Nutley NJ and have the best online presence when you are searching for a home or a rental in Nutley NJ and if you are an agent looking to do more and make more money in Real Estate, find out more about Realty Executives Elite Homes.

If you want to learn more about real estate in Nutley NJ you can listen to The Nutley Real Estate Show!

How We Attract NYC Buyers To Nutley New Jersey

Wait a Year to Buy in Nutley…It Won’t Matter?

There is a frequently quoted expression “more money has been lost from indecision than was ever lost from making a bad decision.” Regardless of the extent of its accuracy, most people can recall when procrastination has cost them money.


There are markets so short of inventory that buyers have become frustrated after losing bids for several homes in Nutley and have decided to wait until more homes come on the market. In the meantime, the shortage of homes in Nutley is driving the prices up more by the month.

There are buyers who can’t find the home in Nutley what they want for the price they want to pay and think that waiting will somehow change things. In some cases, what they want just keeps moving farther and farther away from them.

The other dynamic in play is, of course, the mortgage rates. While they’ve remained low for several years, most experts agree that they’re going to rise; it’s just a matter of when. If you look at what positive increases in both of these would do, it becomes apparent that waiting will matter.

A $250,000 home purchased today on a FHA loan at 4% for 30 years will have a principal and interest payment of $1,151.76. If a buyer were to wait a year and the price increased 5% and the rate went up by 1%, the payment would increase by over $200 a month. In a seven year period, the increased payment alone would cost the buyer over $17,000.

Use the Cost of Waiting to Buy calculator to see how much it will matter based on the home you want to buy and what you think the prices and rates will do in the next year.

Easy Chicken Little: Homeownership Rates in Nutley Are NOT Crashing

Home Ownership in Nutley

The Census recently released their 2015 Q1 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership in Nutley.

The national homeownership rate in Nutley (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau just reported the first quarter of 2015 ended with a homeownership rate of 63.7%. Many reported on this and began to question Americans’ belief in the ideal of homeownership as a major part of the American Dream.

Everyone Calm Down…

It is true the homeownership rate has fallen over the last several years in Nutley. However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to historic norms. The 63.7% rate is less than a percentage point under the rate in 1985 and 1995.

Home Ownership in Nutley

What Will the Future Bring in Nutley?

In a Housing Wire article this week, Ed Stansfield who manages the housing market research at Capital Economics said:

“The homeownership rate fell further at the start of the year to a 22-year low of 63.7. However, with credit conditions now loosening and employment set to continue growing strongly, we suspect this long downward trend may not last for much longer.”

In the same article referenced above, Jonathan Smoke, chief economist for, explained why the homeownership rate will probably begin to increase:

“The homeownership rate is likely to bottom this year or next not far from where we are now. By historical patterns, the rate could indeed go up. The simple math behind what it costs to rent versus buy shows that if you can afford the down payment and qualify for a mortgage, it is cheaper to buy rather than rent in 80% of the counties in the US now.”

Bottom Line

With interest rates and prices still below where experts predict, perhaps we should get together and evaluate your ability to purchase a home.

Homes for sale in Cambridge Heights in Nutley NJ

Just Listed in Nutley on Crestwood Ave

Just Listed in Nutley on Crestwood Ave. Nutley Home For Sale, 4 Bedroom 2 Bath, this home has everything a new home buyer could want, Whole house generator as well as a home warranty for more info on this home call us at 973-846-0065/

Just Listed in Nutley NJ Nutley Home For Sale

Realty Executives in Nutley : Better Faster Stronger.

If you have not noticed lately most of the mom and pop Real Estate offices in Nutley have been closing, over the last 10 years Nutley has lost some of the agencies that have been in the town since the 1950’s and maybe even longer. Why is this? I’ll tell you why because the Real Estate business has changed in Nutley and so have the consumers,  with the Internet and Mobile Phones consumers now have the ability to consume information at record speeds and most of the brokerages in Nutley are playing catch up or just masking their technology  short falls when it comes to the faster paced online market and demands of the consumer.

Even some of the offices that claim to be “The Largest” are not really and even if they do have a large roster of agents or a bigger building only 5% of them actually are active in the town of Nutley.

I would rather have an office of ten agents where 9 of them are actually working, producing and using the latest technology to service clients rather than having 30 agents and  only 2 are actually working, the new modern Real Estate practice is here that is why at Realty Executives Elite homes in Nutley we are a Tech Savvy Brokerage, every agent has the latest tools and means of communication for the Tech Savvy home buyers and homes sellers, our Marketing reach is stronger, better, faster and streamlined and we have the best web presence in Nutley NJ and our agents benefit from that as well we are unique as we are a warm boutique type agency with a International reach.

All of our agents at Realty Executives Elite Homes are trained to use the latest technology and use it to market clients homes so they get the desired result faster, Happy Clients mean better business and better business means Happy Agents our agents also benefit from our Online Marketing in the form of leads, YES! we actually give our agents leads without referral fees! if your an agent and you are interested in our unique business model give us a call today.

Former Dot Com Executive is now a “Realty Executive” in Nutley

Real Estate in Nutley was the furthest thing from Matthew DeFede’s mind during the hey days of the Dot Com Bubble.

The year was 1996 and the Dot Com’s where flying high a new website company sprang up on a daily basis, Matthew had worked his way up to Sr. Art Director for (then forming his own design firm defede media) in New York City and he was not thinking about Real Estate at all, until a friend one day suggested he take the money he was making and invest in Real Estate and that is exactly what he did and has not looked back since.

Matthew said “I started with buying one single building then I bought another and another and another, I was working with several Real Estate agents and I thought too myself you know what I think I would enjoy doing this” Matthew had become a Real Estate Investor.

Matthew caught the Real Estate bug and noticed himself more and more loving looking at homes, viewing homes and more, he started using his online marketing skills to promote other Real Estate firms while consulting with other companies such as MERCK, Hoffman La Roche, NBC, JP Morgan and more all the while thinking about Real Estate more and more as a career.

He became a licensed agent in 2006 while starting his own design firm defede media and slowly morphed into a full-time Realtor and Broker Owner or REALTY EXECUTIVE’S Elite Homes, he has a unique Real Estate business model drawing from his years of experience in the design field and working with many Advertising Agencies he calls it a “Agent Centric Model” Matthew says he runs his office like he is the Chief Marketing Officer his agents are his Account Executives and their clients are considered accounts.


“I want my agents to thrive, I use my background and experience to promote the Executives (Agents) in my office so they are happy make a good living and all they have to do is sell, I handle all the office marketing, social and online campaigns as well and deploy media and marketing as needed to promote the Brand and Agents”


As Matthew states there is no other office in New Jersey with the capabilities to market themselves and clients homes without hiring their own design agency and having a large budget, Matthew says Realty Executives Elite Homes has it done all in house.


For more information about REALTY EXECUTIVES Elite Homes Call: 973-846-0065 or go to

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    Matthew DeFede
    Realty Executives Elite Homes
    Schedule a Showing!
    MLS#: 3173514
    Information valid for the date of this posting only. Please contact us for the most current information and status of this property.
    679 Bloomfield Ave
    Nutley, NJ
    QR Code Scan with your smartphone & take me with you.
    Description Photos Maps & Local Schools Print Brochure

    Totally Renovated Colonial In Nutley

    $ Click for current price
    2 BATHROOMS ( 1 full, 1 half )


    L2L Property Websites WP


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      Homes for sale in NJ: The Most Successful Listing I Never Sold

      So you know that listings are gold to a real estate agent, selling a listed home is even better because we don’t get paid unless a home sells right? but here is a little story that will prove that even if you don’t sell a home for a client and you do your best and your client likes you it’s really worth it’s weight in gold, allow me to explain.

      It was the summer of 2010 I was an agent at Coldwell Banker Franklin Realty in Nutley, I got a lead on a house on Celia St in Belleville so I did the usual analysis and priced the home at 289k I believe it was a nice 3 bedroom expanded cape in a great area of Belleville, we had a full asking price on the home within 2 weeks but for some reason the seller would not accept it I really forget the reason why but anyhow the house did not sell, fast forward a year later the seller liked and appreciated all the hard work I put into selling his home he offered me his grandfathers home in Nutley which I listed and sold within 60 days and then he had a spec home he was building on Celia in Belleville and I listed and sold that home within 45 days and at that time it was the highest priced home that sold in Belleville for the past two years, then he saw a For Sale By Owner on Grove in Belleville and he gave me the number I called got the listing and sold that home (I’m also still working with the grove st client on 679 Bloomfield Ave in Nutley) then a couple of months later he called me and asked me to speak to his friend in Cambridge Heights, I met with Mr. and Mrs Sullivan great couple and I listed and sold that home and they bought another home through me in West Caldwell NJ, then after all that I got a call from my GREAT client Jarret and we re-listed his original home and we just closed on it about 3 weeks ago.

      See you never know where that one listing is going to take you I started off by not selling Jarret’s home and it led to all this other business, so it just goes to show one good client can do for your business I cannot thank Jarret enough he is a great client and became a great friend.

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        Just Listed in Nutley A True Mother/Daughter Home!

        I am happy to announce my new listing in Nutley 376 Mount Vernon St.

        This home was built by the Lopa family back in 1978 built with 2 kitchens and a walkout downstairs, full front brick with attached garage and large 2 car width drive way, the Lopa’s still reside in the home and are the original owners, this is the first time in 35 years that the home is listed with Coldwell Banker Residential, this home is convenient to the Parkway, RT 21, RT3 and Rt 46 9 miles from NYC this home would make a great commuter home for people that travel into NYC every day for work or business, your also only a stones throw away from Newark Airport as well as tons of fine dining establishments and shopping.

        Just Listed in Nutley

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