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722 Corgie Street
Cape May, NJ 08204
$2,399,999
Conventional
Property
Bedroom
8
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Welcome Home to 722 Corgie Street in Historic and Iconic Cape May, this Exceptionally Loved and cared for Victorian is on one of the most special tree lined streets in town, with its traditional house length traditional porch, allowing for days to be spent on it sipping iced tea, waiting for friends to walk by or listening to the hoofs of the horse and carriages passing by. Within walking or biking distance to the beach and within 1 block to the center of town the LOCATION is the LOCATION. You can enjoy breakfast, lunch and dinner at some of the best restaurants in Cape May, shopping on the Washington Street mall, Cocktails at Congress Hall or The Washington Inn, 4 church's and even the grocery market all within a few blocks. When you visit this 2 and ½ story home you find high ceilings, traditional wood floors, 3 fireplaces, a first floor that has central air, and embellishments on the exterior enhancements like brick pathways, gardens, porches, patios, a fenced in yard and off-street gated parking. Zoned as multifamily, and previously used as such you could add back a kitchenette and have a unique rental suite, separated with its own entrance. Or keep it for your family and friends where there is plenty of room to spread out in this large 8 bedroom and 3 full bath home. Wait until you see the attic with fun space for younger generations to host lots of cousins, family or friends to spend time together in bean bags playing cards, games or telling stories of the biggest fish or waves they saw during the day. With 2 formal family rooms and a second floor all seasons family room that has its own balcony, this home can be enjoyed in all seasons of the year. Which is what makes Cape May having been ""voted one of the most top 10 Coastal towns in America'� according to USA Today and many others. The current owners gave her a beautiful modern refresh and she is move in ready, offered partially furnished, so you have time to enjoy it until you add your own touch. Being Sold partially furnished so just Bring your bathing suit and beach chairs and enjoy the summer of 2024. If you are looking to call Cape May your new year-round or vacation home, look no More this is a Must See! Open House Sunday May 5th 11:00-2:00
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1894
MLS Number
240992
Location
Address
722 Corgie Street
City
Cape May
State
NJ
Zip Code
08204
County
CAPE MAY
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Cape May
Office Phone
(888) 536-0216
Agent Name
Michelle L Roberts - O'Donnell

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.