SECOND TOWNHOME PHASE NOW OPEN AT MOUNTAIN RIDGE AT PANTHER VALLEY

Panther Valley L_FNLsmALLAMUCHY, N.J. –- The second phase of competively-priced three-bedroom townhomes at Mountain Ridge at Panther Valley has made its highly-anticipated debut to the public.

Interested homebuyers who were anxiously awaiting the housing section are now rushing to the community to become one of the first to purchase in newest release of homes, according to Baker Residential, which is developing Mountain Ridge at the well-established Panther Valley community in Warren County’s Allamuchy Township. As a result, sales activity has accelerated considerably at Mountain Ridge over the past several weeks.

“Mountain Ridge at Panther Valley is quickly becoming one of the most successful selling new-home communities in northwest New Jersey,” says Sales Representative Barbara Cohen. “In fact, strong summer sales depleted the entire inventory of homes in our initial housing phase.

“So we decided to kick off fall with the release of our second townhome section. Judging by the initial response, these residences are poised to follow the same path as our first phase and be snapped up in short order.”

Featuring elegant three-bedroom housing designs, affordable introductory pricing and exclusive neighborhood appeal, Mountain Ridge has received remarkable interest from a variety of purchasers – ranging from young couples and growing families to empty-nesters looking to scale down to more manageable homes.

“Customers have jumped at the opportunity to purchase a home in one of New Jersey’s most desirable locations at very competitive prices starting from just $249,990,” says Ms. Cohen. “This indicates there’s a large number of buyers who recognize now is the time to buy to receive great value and considerable demand for homes that offer well-planned and modern living spaces at a fraction of the cost for similar residences further east.”

Sales at Mountain Ridge at Panther Valley have been further fueled by the opportunity for homebuyers to make a well-educated and informed decision at the community thanks to “Simple Steps to Homeownership” seminars which provide a comprehensive look at the purchasing process at the suburban neighborhood. Scores of prospects have turned out for the events which offer detailed information on buying a home and tours of some of the buildings under construction at the magnificent new community.

Topics include an overview of development and sales, selections of interior features and colors, description of orientation meetings and warranty information. Attendees can also speak and receive advice from a mortgage specialist on loan options and the fact that Mountain Ridge is expected to be approved by the Federal Housing Administration (FHA) has had strong appeal to first-time buyers. This means qualified buyers could take advantage of friendly FHA financing that requires only 3.5% down.

“The opportunity to take advantage of federal programs is certainly a draw for many young professionals purchasing their first home,” says Hollis Schlip, another Baker Sales Representative. “On the other hand, empty-nesters looking to trade in large single-family homes with no longer needed bedrooms and tiresome upkeep appreciate the low-maintenance, care-free lifestyle.

“Simply put, Mountain Ridge offers something for everyone.”

Five different designs are offered at Mountain Ridge ranging from 1,968 to 2,850 square feet and boasting 2.5 baths, one-or two-car garages, as well as designer interior appointments such as walk-in closets, gourmet kitchens and full finished basements included in the purchase price.

Homes at Mountain Ridge have been designed to reflect the natural beauty of Panther Valley, which is defined by rolling hills and heavily wooded terrain. Each townhome building will combine design elements with country-inspired details to create streetscapes of enormous grace and flair.

“Our unique location at the top of a mountain provides panoramic views of the surrounding countryside to strengthen the tranquil, small-town environment,” adds Ms. Schlip.

The striking new community is part of Panther Valley and its world-class recreational amenities. Residents will enjoy two sparkling lakes, two beautiful pools with a third to come, a wealth of tennis courts and the 18-hole Panther Valley Golf & Country Club located within the gated Panther Valley community and available on a membership-only basis.

Mountain Ridge homeowners will also appreciate the community’s convenient location, which offers a quick trip to the array of business, cultural and entertainment opportunities throughout northern New Jersey and beyond. The community is located in close proximity to a several major highways, including Routes 80, 287 and 78.

“If its outdoor recreation they seek, Mountain Ridge is in the heart of one of New Jersey’s natural havens,” Ms. Schlip indicates. “The community lies in the shadows of the Allamuchy and Stephens Mountains, while the 70,000-acre Delaware Water Gap is nearby where fishing, boating, camping, kayaking and more can be found. “

Shopping, fine dining and entertainment are also close at hand at the Rockaway Townsquare Mall, which features several national retailers and department stores. Local shops and boutiques can also be found in historic downtown Morristown and Parsipanny.

For additional information on Mountain Ridge at Panther Valley please call 908-852-0016or visit http://Town.HomesAtMtnRidge.com. To visit, go on Route 80 West. Take exit 19 for County Highway 517 towards Hackettstown. Turn left at County Highway 517/County Road 517. Turn right at Bald Eagle Road. Proceed to gatehouse and ask for Mountain Ridge at Panther Valley.

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