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We know the Summit, NJ real estate market as only 3rd & 4th generations can. Call us: 908-376-2730 and get on board with the best!
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Two communities full of charm and amenities
Click here for Chatham Township Listings
Click here for Chatham Borough Listings
Chatham, a colonial settlement named for William Pitt, the Earl of Chatham, was divided into Chatham Borough and Chatham Township in the 1890s. Although they remain separate municipalities, The Chathams share many common resources including the newly expanded library and highly ranked school system. Yet each has its own character. Chatham Borough features a charming downtown with many award-winning restaurants, while Chatham Township retains plentiful open space. The Chathams offer an easy commute to Manhattan by rail and bus and excellent access to corporate New Jersey. Chatham was recently named as one of the top 10 places to live by Money Magazine. The Borough ranked #24 and the Township ranked #1 in NJ Monthly's - Top 100 Places to Live
Fast Facts:
Established: 1897
Population: Chatham Borough: 8,000; Chatham Township: 10,000
Size: Chatham Borough: 2.4 square miles; Chatham Township: 9.2 square miles
Housing: Victorians, Colonials, Ranches, Condominiums
Attractions: The Chatham Community Players, Great Swamp National Wildlife Refuge
  Commuter Information : The Chatham Borough Train Station is centrally located on Front Street between Fairmount Avenue and Washington Avenue without much more than a mile from its furthest boundary. This station provides commuter service on the Morristown Line only with trains heading to the Hoboken Terminal and to Penn Station in Midtown Manhattan. Service begins at 4:50 AM and ends at 2:34 AM. Holiday and weekend service runs from 5:22 AM to 2:34 AM.
Parking permits for the Chatham station are available to Chatham Borough residents only, for a yearly cost of $350. At the present time, there is at least a 1 year waiting list. There are also 3 parking lots for business owners/employees and apartment residents. Currently, a limited number of yearly permits are available for these lots to Chatham Borough commuters. Metered parking is available to the general public for $4.25 a day. All metered spaces are numerically marked and the parking machines are located on the South Side Train Platform. These are exact change machines and accept coins, dollar bills and Chatham Smartcards only. The Smartcards may be purchased in person at Borough Hall or by mail using the initial purchase order form available in the lobby of the Chatham Train Station. They may be recharged at the machines or at Borough Hall Tokens are no longer accepted and can be refunded through Borough vouchers or credited to your Smartcard. Tokens can also be redeemed at the Tax/Finance Office located in the middle level of Borough Hall For more information on parking permits contact Barbara Bate at the Administrative Offices of Chatham Borough (973) 635-0674 x200.
There is no Chatham Township Train Station. Many of the surrounding towns provide commuter parking for their residents only. Daily spaces and a limited number of annual parking permits are available in Madison and Summit for Chatham Township residents.
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Closing or Settlement >Net Sheet for Sellers
When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.
Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.
A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.
Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.
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| Q |
Where would you go to enjoy a soak in the world's largest bathtub?
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| A |
The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time. |
 See More Real Estate Trivia > |
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