Ann Delaney Beach Blog

Category: Seashore Real Estate

  • Location, location, location

    Lucky to work just 2 blocks from the beach…and have a pair of sneakers in my car 😉

    Pier

     

  • Shore Real Estate

    “You buy the land…and get the house for free.”

     

    This phrase may sound odd, yet it’s often true for residential real estate along the coast.

    An older home may be well maintained and charming; but if it doesn’t suit the life style of today’s buyer, the building’s value is minimal.

    Our other reality: building codes/elevation.

    The federal government is phasing out the subsidies in the flood insurance program.  Homes built prior to 1974 (before elevation codes enforced) are likely to sit lower than required, and if so, cost more to insure.

    And if a buyer decides to take on a major renovation project, the municipality will require the home be brought up to code (including elevation).  We are seeing several island properties getting a “lift” – an expensive option, but certainly far less than brand new construction.

    If you have any questions regarding market values in Avalon or Stone Harbor NJ, please let me know.

    I appreciate the opportunity to help!

    ElevatedHouse

     

     

     

  • My Morning Views

    The rising sun, a colorful sky, osprey, a few dolphins, a bright moon…oh, and the beach front homes!

    MoonBeach

  • Market Stats, Avalon and Stone Harbor NJ

    During the last 30 days, 23 properties sold (final settlement).

    salesignOf those SOLD, 8 were condo/townhouse units ranging in price from $460,000 for a 2 bedroom condo in The Avalon (7th Street); to $1,650,000 for new construction bay front side by side on the bay with a private pool.  The median selling price of all condo/townhouse units:  $765,750.

    The remaining 15 properties SOLD were single family homes ranging in price from $495,000 for an basic cottage over the 21st Street bridge; to $3,060,000 for a southend Avalon beach block home built in 2002.  The median selling price of all single family homes: $1,750,000.

    In addition, there are 86 properties sale pending, with settlements scheduled in the near future.  The median list price of those sale pending: $1,411,500.

    I am happy to answer your questions regarding market values in Avalon and Stone Harbor:   609-967-7950  or ann@anndelaney.com

    And, thank you for your continued interest and referrals!

     

     

  • For Sale in Avalon NJ

    New on the sale market today!  6 bedrooms, 3 full baths  $899,000

    Great value for a spacious single family home!

    Park your car and walk to restaurants, downtown shops, and special events at Veterans Plaza. Upside down style thoughtfully designed to focus the living area and deck toward Evans Road (quiet access road behind the house). 1st floor- spacious master bedroom with a private porch and a stall shower bath; hall tub/shower bath, utility room with extra sink and refrigerator, and 3 bedrooms. 2nd floor- open great room with cathedral ceilings and sliding glass doors to a large sun deck. Wood floors. Natural gas line for the grill. Living room with gas fireplace, dining area, and modern kitchen with breakfast bar and tile flooring. 2 additional bedrooms and a full tub/shower bath in hallway behind the kitchen.

    To be sold furnished and ready for occupancy. Exclusions: personal items, and a few wall hangings.

    Outside shower and storage shed.  Driveway off of Evans Road provides additional parking space. House is rented weekly with a peak rate of $3400

    For more details:  Click here  and here.

    Thank you for your interest and referrals!   609-967-7950  or ann@anndelaney.com

     

    21stStreet

  • Flood Insurance

    A common question from prospective buyers:  “What is the cost for flood insurance?”

    33W26thThe variables:  elevation of the street and elevation of the structure (typically, the blocks closer to the beach have a higher elevation than those by the bay).

    An elevation certificate is required for an insurance agent to quote a new policy.  The certificate (prepared by a surveyor) will state the elevation at the curb and the lowest floor of the structure, as well as details regarding vents.

    Homes built prior to 1974 were not subject to the elevation requirements of FEMA, and may sit lower than required by the current code. This translates to a higher rate for flood insurance.

    Newer homes and those elevated (see recent blog post) benefit from a more favorable rate.

     

     

  • Renovate/Elevate, or Build New?

    Construction code in Avalon and Stone Harbor: “If you improve or reconstruct for more than 50% of the value of your building, you must meet the construction requirements for a new building by elevating your structure so that the elevated floor is one foot above base flood elevation.” 

    The required elevation varies by location – blocks closer to the beach tend to haves a higher elevation than those near the bay.

    An elevation certificate is required with a building permit.

    Owners of non-conforming structures can weigh the pros/cons of the cost to elevate versus eventually tearing down and building new.

    ElevatedHouse

     

  • Perspective

    Just returned from a vacation on Kiawah Island, SC (near Charleston).  Like so many Avalon and Stone Harbor visitors, we are repeat tenants.  Returning to a familiar location is easy- you know the area and can immediate transition to “vacation mode”.

    Renting in other beach communities provides an opportunity to experience the business from the other side of the counter…always a worthwhile perspective.

    A few observations from this rental:

    We selected a condo that had been recently renovated.  Tenants are naturally drawn to newer amenities and furnishings.

    I appreciated that the kitchen supplies were in good shape- no one wants to use a rusty cookie sheet or an old frying pan.

    There was a detailed welcome book with local information and services.  And, a laminated card under each TV remote with instructions, and the Wi-fi log in.

    Only a few minor deficiencies:  No coffee mugs (only the small coffee cups that come with a set of dishes); and no table lamps (over head lighting throughout)- which made reading at night difficult.  Certainly nothing to ruin the week- but I did share my suggestions with the rental agency.

    If I can help with your summer rental in Avalon or Stone Harbor, please let me know!

    kiawahpath

     

     

     

     

  • Life on the Bay

    Spend the summer on the water in Stone Harbor NJ!

    Move in ready Cape style home with 4 bedrooms, and 2 full baths.  Lovingly maintained as a summer home by the current owners.  Spacious bayside living with a wall of sliding glass doors to take advantage of the amazing views!  Plenty of room to entertain, with a covered deck and an over the water dock.

    Click HERE for more details and pictures.

    Thank you for your interest and referrals!

    84thDock84thExteriorFront

     

     

  • For Sale

    Okay, enough of this winter weather.  Time to think about a purchase at the beach.

    Click HERE for a list of new inventory in Avalon and Stone Harbor NJ.  A wide variety of choices, from small condos and cottages…to a home in the high dunes!

    If you have any questions regarding these, or other area properties, please call 609-967-7950  or email ann@anndelaney.com

    Thank you for your interest and referrals!

    63W26th