We have wide variety of homes and condos with open weeks for this summer.
If you know anyone who has yet to finalize their vacation plans, please share this info!
Thank you for your referrals.
ann.delaney@tksir.com
Category: Stone Harbor, New Jersey- News
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Stone Harbor Property Owners
Info for owners who need to purchase the new trash and recycling cans to be in compliance with the Borough of Stone Harbor regulations: for your convenience, Seashore Ace on 96th Street will deliver new cans purchased to your local property.
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Flood Insurance for Avalon and Stone Harbor Owners
I attended the Flood Insurance presentation Tuesday evening at the Stone Harbor Borough Hall. Very informative.
Summary:
FEMA has updated how properties are rated. It’s the first major change since the program started back in 1968.
The process is now data driven. The elevation certificate is just one aspect of the information used to determine the cost of the policy. As of March 2023, all flood policies have been switched to this new rating system.
Data reviewed: replacement cost of the structure (determined by FEMA), number of floors, distance to a body of water, flood vents, and ground elevation. The location of the mechanicals is an important factor. All equipment must be installed at the 1st floor living level or higher, including the outside AC condenser unit.
As long as a home was built in compliance with the flood maps at the time, a homeowner will not be penalized on the rate.
New homes will now pay a higher premium based on the value of the structure. Although hopefully this cost is offset with the required compliance on elevation and mechanicals.
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The Community Rating System (CRS): each town earns credits for a variety of activities (outreach programs, stormwater management, open space preservation, construction standards, etc.) and these credits determine the discounts available to property owners.
Currently, Avalon has a class 3 rating (35% discount), and Stone Harbor has a class 7 rating (15% discount). Stone Harbor is working to improve their rating and expects to upgrade to a class 6 (20% discount) this year.
Private insurance is a viable option for owners of non-conforming structures. There are approximately 10 companies offering coverage in our area. The private companies are able to insure beyond the $250,000 cap of FEMA. The insurance agents also suggested a FEMA policy plus an excess policy if a homeowner requests additional coverage.
For non-confirming structures, FEMA uses the “improvements” figure on your tax bill to calculate permitted improvements. The municipality has to look at all improvements during the past 10 years to determine if any allowance is remaining.
On FEMA policies, the cost increase is capped at 18% per year. Private insurance companies are not regulated with a price cap. And FEMA policies continue to be transferable from a seller to a buyer.
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The public will have access to a floodplain data program called Forerunner. A potential buyer or property owner will be able to view elevation certificates, risk assessments, and flood zones for specific properties.
Ann 3/16/23
Be sure your HVAC equipment is elevated! -
New on the Sale Market!
Completely renovated 2nd floor unit in the perfect Stone Harbor NJ location.
A quiet residential neighborhood (with bay views!) and an easy stroll to downtown restaurants, movie theater, and charming boutiques.
For more details, photos, and a virtual tour: MLS Link
Please contact me to discuss! 609-967-7950 ann.delaney@tksir.com
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Important Reminder for Owners
Effective Spring 2023, both Avalon and Stone Harbor will implement new trash and recycling container requirements.
Stone Harbor:
“Standardizing trash can size to 64 gallons (31.8†long x 24.25†wide x 41.75†high), equipped with wheels and a bar that allows the can to be tipped into the truck. The Borough will provide a list of retailers where homeowners can purchase the cans. Required compliance is set for May 1, 2023â€.
Avalon:
“As previously announced, the Borough intends to purchase and distribute new, uniform roll off solid waste and recycling carts for the community in 2023. These roll off carts will improve efficiency with trash collection while restricting trash from impacting the marine environmentâ€.
Property owners in both towns are reminded to remove non-compliant containers prior to the summer season so tenants/guests do not inadvertently use the wrong trash or recycle cans. Bulk trash pick up in early May will be an ideal time for disposal of old cans.
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Sotheby’s International Stats
The agents and staff of Tim Kerr Sotheby’s International Realty are proud to contribute to this success!
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Summer Rentals
We have a variety of options available for the 2023 season.
Search our website: Â www.tksir.comÂ
And, I am here to help! Â 609-967-7950 Â or ann.delaney@tksir.com
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Update- Villa Maria
The new Villa Maria by the Sea retreat home is finished, and almost ready for use by the Sisters, Servants of the Immaculate Heart of Mary.
111th Street, Stone Harbor, NJ.
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Your Local Expert!
We LIVE here.
We WORK here.
We SELL and RENT properties here.
The full time agents and staff of Tim Kerr Sotheby’s are THE local experts in Avalon and Stone Harbor NJ!
Visit our website to view sale and rental properties:Â Tim Kerr Sotheby’s website
I have a lifetime of experience on the island; 40+ years in the industry; and 20 years associated with Tim Kerr and his agency.
Thank you for the opportunity to help you and your friends with all of your real estate needs!
ann.delaney@tksir.com
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Beach Pictures
Calm wind and warm sun made for a nice walk before work.
And we were able to check on the 95th Street Christmas tree for the status of beach ornaments. Â Loved the addition of a bathing suit top!
