April 21, 2013

South End Avalon

By ann

CapeMay151374New on the sale market:  Custom 3 level home on 65th Street in Avalon, NJ.

Oversized 80′ X 110′ lot (standard lot size in this location is 60′ X 110′), allowing for a larger home  (5,684 square feet) AND a spacious pool area.  Built in 2008, with quality materials and amenities. Gourmet kitchen.  4 stop elevator.  Beautifully furnished and ready for immediate use.

Click HERE for MLS link and exterior/interior pictures.  For additional information:  ann@anndelaney.com  or my office 609-967-7950

Thank you for your interest!

 

Posted in Avalon, New Jersey- News, Seashore Real Estate | Comments closed
April 20, 2013

Interest Rates

By ann

houseSimple math:  A mortgage of $400,000 based on a 30 year loan at 4.5% (considered a great interest rate not too long ago) =  a monthly payment of $2,026.74

Compare that same loan and terms with the current rate of 3.375%  = a monthly payment of $1,768.38.   A savings of $258.36 EACH month.

Incredible opportunity to re-finance your existing loan, or purchase new.

If you need recommendations for local lenders, I am happy to pass along names/contact info for trusted mortgage reps.

And of course…I am here to help with your search for a shore property in Avalon or Stone Harbor!

ann@anndelaney.com   609-967-7950

Posted in Seashore Real Estate | Comments closed
April 20, 2013

Avalon Beach Update

By ann

Yesterday’s beach walk (in the mist) provided another opportunity to check on the condition of our north end beaches.  Overall, the sand added during the January beach fill is holding on.  There were crews actively working to complete the repairs on the dunes and beach entrances.

Pictured below:  23rd Street looking north, 12th Street looking north (with equipment), and 8th Street beach adjacent to the jetty.

23rd12th8thSt

Posted in Avalon, New Jersey- News, Life at the Shore | Comments closed
April 18, 2013

Just Because…

By ann

Sharing 2 pictures:

Spotted this wall hanging in a home the other day- charming!

A gray day at the beach- yet even a “black and white” ocean view is appreciated.

WallMap

ThursGray

 

Posted in Life at the Shore | Comments closed
April 18, 2013

Save Money on Flood Insurance

By ann

Worth searching through your shore house paperwork- this may save a few dollars:

Find your flood elevation certificate (the report is supplied by a surveyor; a separate document from the plot plan). If you do not have a copy, your flood insurance agent will have a copy of the elevation certificate on file.

Near the top of the first page, look at line A-8; a).  This is the square footage of your crawl space.  In the example pictured below, it’s 589 square feet (a small cottage).

Compare this number with A-8 c).  In the example, the net area of flood openings is 168 square inches, with no engineered flood openings (vents).

If the property otherwise meets the current elevation standards, yet the venting square inches do not MATCH the crawl space square feet, the property owner will pay significantly more for flood insurance.

Solution?  Add more vents- specifically engineered vents (like the brand name Smart Vents).  The typical metal grate vent may only provide as little as 42 square inches of qualified venting; in comparison, a Smart Vent = 200 square inches.

Quick math with example:  589 minus 168 = 421 square inches of additional venting needed.  3 Smart Vents (at 200 square inches each) solve the problem.

FloodCert

 

Posted in Seashore Real Estate | Comments closed
April 16, 2013

Power Play Rental Site

By ann

UPDATE: Back on line- and back to work!

Unfortunately, our rental web site is down.  A glitch with our server.

We hope to have everything back up and running soon.  Thanks for your patience.

Posted in Seashore Real Estate | Comments closed
April 16, 2013

Tuesday Beach Fill Update

By ann

The dredge is in position, and workers are attaching the pipes that will eventually pump sand on the Stone Harbor beach.  It’s a fascinating process to watch- will post location updates once the active pumping begins.

Pictures taken this morning show dredge in the inlet (far left), and the main connector (with a filter cage) adjacent to the jetty in the south end.PipePointpipe

DredgePipe

Posted in Life at the Shore, Stone Harbor, New Jersey- News | Comments closed
April 15, 2013

Clean Sweeps 2013

By ann

RTEmagicC_beach_sweeps_logo_10Join your shore neighbors and friends on Saturday, April 27th

for the annual Clean Ocean Action Beach Sweep.

For more information, visit their web site: Clean Ocean Action

Posted in Avalon, New Jersey- News, Life at the Shore | Comments closed
April 14, 2013

Evening Walks

By ann

Appreciating the extra hours of daylight after work 🙂

SaturdayNight

Posted in Life at the Shore | Comments closed
April 13, 2013

Spring Sale Market

By ann

salesignThe shore real estate market is VERY active- amazing to see the daily “Under Contract” postings in our Multiple Listing Service.

During the past 30 days, 26 properties sold (settlement) in Avalon and Stone Harbor ; plus, an additional 55 properties are sale pending with settlements scheduled over the next few months.

The median selling price was $847,500, with a low of $169,000 for a Beachcomber Condo/Motel; and a high of $2,400,000 for a newer bay front home on Yacht Club Drive (7th Street).

Of those sale pending, the median list price is $1,090,000.  The low of $179,000 for another Beachcomber Condo/Motel; and a high of $3,950,000 for an oversized bay front “lot” at the end of Pelican Drive (plus the older structure sold “as is”).  Final selling prices are not published until after settlement.

Property values are recovering- especially in prime locations. And the interest rates remain at an all time low.  All positive signs for a healthy real estate market on the island.

 

Posted in Avalon, New Jersey- News, Seashore Real Estate, Stone Harbor, New Jersey- News | Comments closed
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