Multiple offers drive this Oakland ranch to a $780,000 sale
Another strong sale in Oakland’s Dogwood neighborhood. 21 Hickory Drive was listed for $699,999 and sold for $780,000 after receiving multiple offers, $80,001 over the asking price.
About the Home
This three-bedroom, two-bath ranch attracted buyers with a combination of one-floor living, a spacious property, a finished lower level, and a location within Oakland’s popular Dogwood neighborhood.
Set on 0.55 acres, the home featured hardwood floors, an eat-in kitchen, and a light-filled family room with cathedral ceilings and French doors leading to a large deck overlooking the private, mature tree-lined backyard. The finished lower level added approximately 852 square feet of additional finished space. A newly installed septic system was another significant improvement that added to the home’s appeal.
Multiple Offers and a Sale 11.4% Over Asking
We positioned 21 Hickory Drive at $699,999, a price designed to attract attention from buyers searching in Oakland and generate strong activity when the home first came to market.
The response resulted in multiple offers and an eventual sale price of $780,000, or $80,001 above asking and approximately 11.4% over the original list price.
Based on the home’s 1,530 square feet of above-grade living space shown in the public record, the sale equates to approximately $510 per square foot.
Pricing to Create Competition
The combination of preparing the home, positioning it properly, and creating broad exposure produced a strong response. We quickly received several competitive offers.
Having multiple interested buyers gave the sellers the opportunity to consider more than just the highest number. Price, terms, financing, contingencies, and the overall strength of each offer all played a role.
After reviewing the offers and negotiating with the interested parties, we reached an agreement at $780,000 – $80,001 above the $699,999 asking price.
Why Buyers Responded So Strongly
Desirable Dogwood School section with access to the F.L.O.W. regional high school system
Spacious ranch layout offering convenient one-floor living
- Broad marketing exposure through social media, email blasts, online marketing, and postcards delivered to every home and business in Oakland
Strong open house traffic generated by the marketing campaign, putting a large number of prospective buyers through the home
Well-prepared, move-in-ready presentation while still giving buyers the opportunity to update the home to their own taste
Attractive $699,999 list price that helped generate attention and competition
Considering Selling Your Home?
The sale of 21 Hickory Drive is another example of what can happen when the right property, pricing strategy, presentation, and marketing come together.
If you’re considering selling a home in New Jersey, I can provide a detailed analysis of recent sales, current competition, and how your home may compare in today’s market.
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