Allendale Real Estate

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Allendale Real Estate & Homes for Sale in New Jersey



Like many American towns, the Borough of Saddle River was built along a waterway that provided early residents with water for drinking, irrigation and transportation. And like many American towns, Saddle River bears the name of that body of water. Saddle River shares a zip code (07458), history and lifestyle with its companion borough of Upper Saddle River. These quiet rural communities flourished on the eastern side of the Saddle River, an area known by the Indians as "Land of the Grapes." Saddle River still retains its small-town charm and tranquility. Majestic homes and multi-million dollar estates are nestled amid gently rolling terrain and lush vegetation. Approximately 3,000 residents enjoy a peaceful lifestyle in one of the most desirable areas of Bergen County. Upper Saddle River also has a semi-rural character, a constant reminder of its agricultural past. Once known for its apple orchards and strawberry fields, this now diverse and suburban community is located near State Route 17 and neighbors Saddle River, Ramsey and Allendale. The Borough of Allendale was also an early farming community, known primarily for its strawberries. Allendale and the Saddle River communities today are just 24 miles from major business centers in New York City and New Jersey, offering an ideal location for commuters. Recreational opportunities are abundant in the area. Students in all three communities are served by the Saddle River, Upper Saddle River and Allendale school districts, depending on location. Saddle River and Allendale offer a wide variety of real estate options, including single-family properties as well as a few condominiums and townhouses.

   

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Allendale Real Estate Stats and Trends for the week of July 18th, 2016: homes priced around $526,975 compared to $526,975 the previous week, to remain steady with no change in listing price.  For Sunday, December 16th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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