Are property values 15% higher in Awosting than in other areas in West Milford?
Property value (or real estate appraisal, according to Wikepedia), is an estimate of the market value of a tract of land or a building, either commercial or residential. The need for appraisals is rooted in the investment attribute of property. No two properties are identical, except in brand new real estate developments, and even the value of these properties changes over time. All properties differ from each other in the size of the land, style of building, condition, and the location — the most important factor in determining value. Awosting has many different styles of houses in all sizes. Some houses are lake facing, and others are on private streets off the lake. A few houses are on a public road. Many owners have docks on a public lake, and some do not have a dock. Most houses have public water and sewer service, and a few are still on septic systems. One of the key attributes of Awosting is that it is bordered on the west by Greenwood Lake and on the east by the Wanaque Wildli
