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206 Spruce
Villas, NJ 08251
$949,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2200
Property Description
NEW CONSTRUCTION! Your home search ends here! Welcome to 206 Spruce Ave - a contemporary two-story home sitting just a block away from the Delaware Bay. Situated on a 140 x 52.5 lot, this brand new home spares no expense and boasts breathtaking views of New Jersey’s best sunsets. Enter from the charming front porch into the great room, where the cathedral ceilings span 18 feet high. This open-concept first floor exudes luxury, with thoughtful touches and lavish finishes. Off to the right, you’ll find the master bedroom. This spacious room offers a large master bathroom, with tiled floors and shower walls, as well as a walk-in closet. In the back of the home, you’ll find a kitchen that any chef would adore. Stainless steel appliances surround a grand center island, and quartz countertops extend throughout the kitchen. The dining area sits in front of the sliding glass back door. Down the hall is a quaint half bath and a mud room. Head upstairs to find three more bedrooms and another full bath. Off to the left is the largest bedroom of the house, hosting a sizable closet. Across the hall is another generous bedroom, with windows facing the Delaware Bay. The spacious upstairs bathroom also has tiled floors and a tiled shower. The hidden gem is the upstairs bedroom closest to the street, with vaulted ceilings and a private balcony. Step out of the sliding glass doors around dinner time to witness a million dollar view. This elaborate home also features vinyl plank flooring throughout, an expansive rear deck, and a large backyard. You really don’t want to miss this, schedule a private tour today! *PLEASE NOTE* This property is still under construction. Taxes to be revised upon completion of the property. More photos coming soon.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
241429
Location
Address
206 Spruce
City
Villas
State
NJ
Zip Code
08251
County
CAPE MAY
Listing
Provider
Century21 Alliance, original listing
Name
Century21 Alliance
Phone
(609) 780-5349
Office Name
CENTURY 21 ALLIANCE wc
Office Phone
(609) 522-1212
Agent Name
Charles Young

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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.