Ramsey Golf & Country Club - Worth the Price
I’m often asked at Open Houses or by my clients considering purchasing a home in the Ramsey Golf & Country Club, “what is the value of living in the Club?". It's a valid question, particularly in today's current economic market.
Historically, the 550 homes that comprise the Ramsey Country Club have been valued a little higher than comparable homes in the town of Ramsey . It has always been a desirable area especially for people interested in taking advantage of all the amenities it has to offer: 18-hole private golf course, paddle tennis, pool, lake for fishing and canoeing, 2 restaurants and lively bar, social events for every age group and a “community within a community” feel.
However, with the current state of the economy and unemployment rates coupled with the taxes in Ramsey, some people tend to weigh the benefits vs. the costs of moving into the Club more so than ever before.
There is a premium to live in the Club. There is a $5500 transfer fee due at closing but with that you get your first year of golf, paddle and pool memberships included - that's a value of over $4000! Dues and capital assessment run about $265 a month. The restaurant minimum, which is a common practice for country clubs, is $300 per quarter and food, beverages, take-out, catering and occasionally the fees to attend social events are applied to it.
The main restaurant, The Lakeside Grille, has view of the course and the 17th fairway’s lake unmatched by any other dining establishment in Northwest Bergen County. Good food, a warm and inviting atmosphere and incredible views make it easy to spend $300 there over the course of 3 months.
With club membership, comes the opportunity to join golf, paddle or the pool. The golf programs offer something for every household: the most reasonably-priced packages for family, individuals, weekday only and junior in probably the entire Tri-State area. Unlimited golf on a private, 18-hole course in the middle of the neighborhood while being only 40 minutes from Manhattan is truly unique. The pool, competitively priced with the Ramsey town pool, is situated on Mirror Lake and has a competitive swim team for children. The Paddle Tennis program is becoming wildly popular both from a social and competitive standpoint for players at all levels.
The Club also offers a wide range of social activities encouraging camaraderie. Parties like Oktoberfest, Comedy Night, St. Patrick’s Day and 70s/80s have drawn up to 200 members and their friends at each event. The Club hosts free events for the children like the Holiday Party (Santa arrives on a golf cart!), Spring party (egg hunt and petting zoo!) and Halloween (complete with costume parade!).
So, what if a buyer is not interested in all that the Ramsey Golf & Country Club has to offer? Does it still make sense to buy and take on the associated fees? Probably not but considering that the Club represents about 20% of the town of Ramsey, it is difficult to ignore the great homes that are on the market in the Club. Beyond the amenities, it is a close knit community in a desirable area for buyers. Resale value can also be considered in deciding to buy in the Club as there are many buyers who ONLY want to live in the Club.
Interested in learning more about the Ramsey Golf & Country Club and the homes that are currently on the market? Call me at 201-562-3880. You can also download my FREE phone app to search for Bergen County homes from your phone. Just text “KRISTIN” to 87778.