Newspaper article The Record (Bergen County, NJ)

Mary J. Blige Lowers Price on Saddle River Home

Newspaper article The Record (Bergen County, NJ)

Mary J. Blige Lowers Price on Saddle River Home

Article excerpt

Singer/songwriter Mary J. Blige has lowered the asking price on her Saddle River chateau by $1 million, and is now asking $8.88 million for the eight-bedroom, four-acre estate, the latest example of homeowners adjusting their asking prices in the multimillion- dollar market, where the pool of potential buyers is small.

Blige bought the gated stone manse at 119 E. Saddle River Road for $12.3 million in 2008.

Listing agent Joshua Baris of Prominent Properties Sotheby's International Realty in Tenafly said the singer hopes the lower price will attract a buyer.

"She wants to get the home sold, so she priced it extremely aggressively," Baris said. "There are a lot of properties on the market that are priced higher; the sellers feel this will give them a really nice competitive edge." According to the New Jersey Multiple Listing Service, there are 17 homes on the market for $8. …

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