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|  | | | Eagle Rock Reservation - 9/11 Memorial | |
WEST ORANGE NJ - Historic Main Street to Skyline Views  West Orange is a community of diverse neighborhoods, ranging from recently built condominium communities to Llewellyn Park, a 400+ acre residential planned community built in 1853 and the former home of Thomas Edison, arguably its most famous citizen. West Orange, with its approximately 44,000 residents, spans 12.1 square miles over two ridges and valleys of the Watchung Mountains. Its hilly terrain provides many stunning views of the Manhattan skyline.
Approximately 20 percent of land in West Orange is open space, consisting of parks, playgrounds, golf courses and undeveloped acreage. Hiking trails, bridle paths and picnic areas are available in the South Mountain and Eagle Rock Reservations. West Orange is also home to the South Mountain Skating Arena and the Turtleback Zoo.
West Orange has a thriving business district on Main Street, known as “Historic Downtown”, with a variety of restaurants, retail establishments and the Edison National Historic Site. In addition, there are many other shopping enclaves throughout the town, including the Essex Green Shopping Center, a traditional suburban mall.
Route 280 traverses West Orange, providing easy access to Newark, New York and other NJ roadways. For commuters, the township provides jitney service from the Gregory section to the Orange and South Orange train stations during the morning and evening commute. Bus service is also available to Newark and New York City.
West Orange’s school system is comprised of 7 elementary schools, two middle schools and one high school; kindergarten is a full-day program. West Orange High School has been recognized for its Advanced Placement program and innovative curriculum.
West Orange continues to be more affordable than some of its neighbors; the median sale price of single family homes (including condominiums and co-ops) in 2010 was $350,000, up from $340,000 in 2009. In 2008 it was $380,000, 2007 - $418,000, 2006 - $407,500, 2005 - $410,000, 2004 - $362,000 and 2003 - $335,000.  |  | | | Pleasantdale Cape Cods | |
|  | | | Crystal Woods Condos | |
Request my Free Relocation Package. It's packed full of useful and important information about the Montclair, Bloomfield, Cedar Grove, West Orange, Glen Ridge, Nutley, The Caldwells and Verona New Jersey area. It will include a Town Information Guide and an area map. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about West Orange and the surrounding communities. Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly...
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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| Q |
Where will you find the world's largest indoor waterfall?
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| A |
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
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