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24 64th St West Unit Street
Sea Isle City, NJ 08243
$2,500,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
EXCEPTIONAL BEACH BLOCK TOWNHOUSE CUSTOM BUILT BY TOM WELSH BUILDERS in 2020 and sits on an oversized 56 X 110 lot. The sophisticated yet casual beach decor adds to the charm of this 6-bedroom 4.5-bath townhome, creating an inviting atmosphere that's perfect for coastal living. The townhome has been for personal use only and it has been well-maintained and cared for, further enhancing its appeal. Its convenient location close to shopping, entertainment, and recreational amenities like Play by the Bay with its tennis and basketball courts, playground, and more, makes it an ideal choice for those seeking both relaxation and convenience! Also, a unique advantage of the area around the 64th Street Beaches. Due to the presence of the shopping and play by the bay area, there are relatively few homes in the vicinity. This means that these beaches are not crowded'€�a significant benefit for the homeowners! The first level of this well built and maintained townhouse has two bedrooms, a beautifully tiled bathroom with glass enclosure and hardwood flooring throughout. Entertainment spaces can be found on the second level. The custom kitchen offers high-end stainless-steel appliance package, beautiful white custom wood cabinetry, exquisite, tiled backsplash, center island with seating for four, stunning granite tops, pantry storage and a large dining area with seating for eight. The second level also has a private powder room. The living room is centered on a gas fireplace, it is gorgeously furnished with hardwood flooring, and leads to a fiberglass deck through a wall of glass sliding doors. Through those sliders is a covered deck, large enough for both a dining and seating area. The second level also contains a beautifully furnished en-suite bedroom w/hardwood flooring and a private bathroom featuring a tiled shower with glass enclosure. The third level features three more bedrooms, two full bathrooms, and a laundry area. The primary en-suite on the top level offers slider access to a large third-floor deck that features ocean views. The private bathroom has an exquisitely tiled floor and large tiled shower with glass enclosure and dual sinks. The rear, third floor bedroom is beautifully furnished including a king bed and the middle bedroom has two twin beds. Additional features include upgraded James Hardy siding in an attractive blue color and the foundation is done in a contrasting stone façade, pavered stone parking area, garage with key pad for easy access, exterior sprinkler system, 75 gallon hot water heater, the heating and cooling are achieved through high efficiency HVAC multi- zoned system and the grade level under the property, there is a fully concrete floor that spans the length of the home perfect for an additional storage area that could house everything that you need to enjoy beach life in Sea Isle City. The rear yard has a 6 feet white vinyl fence on three sides, creating another opportunity for an entertainment space. Overall, this beach block townhouse presents an exceptional opportunity for those in search of a turnkey property, with totally upgraded amenities where multiple generations can comfortably enjoy beach living at its finest!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
233283
Location
Address
24 64th St West Unit Street
City
Sea Isle City
State
NJ
Zip Code
08243
County
CAPE MAY
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Sea Isle City
Office Phone
(888) 536-0216
Agent Name
Susan Giordano

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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.

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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.