Interesting article in today’s Press of Atlantic City: Vacation Homes Tangling Recovery  The contrast between residents and second home owners is described as it relates to assistance from FEMA and flood insurance.
In Avalon and Stone Harbor specifically, only 14% of the dwellings function as a primary residence. Â I was thinking about this recently as I walked by homes with sea grass still in the yard, and evidence of dampness along the block foundation. Â The interior of the house may be fine, but the crawl space was obviously flooded. Â The water is gone, yet if the insulation and/or duct work got wet…it needs to be replaced. Â I worry that those owners will be back in April and find mold inside their home- a much more expensive fix.
Better to hire someone to thoroughly inspect the crawl space (and garage)- just to be sure. Â If you need a recommendation for a contractor or HVAC company, I am happy to help.
SOLD
What’s selling? Â A quick overview:
1) Basic 2 bed/1 bath cottage on Bower Court in Stone Harbor sold for $425,000  2) Vacant lot 50′ X 110′ on 11th and Dune Drive sold for $675,000  3) Large 2 story home on an over sized lot on 95th Street adjacent to the commercial district sold for $730,000   4) Old seashore home on a full size lot in the 300 block of 95th Street sold for $749,800   5) Cape Cod style home on the corner of 38th and Dune Drive sold for $890,000   6) Basic bay front cottage on an undersized lot on 104th Street sold for $1,000,000   7) Beach block tear down on 17th Street sold for $1,672,000   8) Newer home on the 110 block of 89th Street with a pool sold for $1,750,000   9) Brand new 3 level home in the 100 block of 31st Street with a pool sold for $1,850,000   10) 3 level home built in 2007 with a pool, in the 100 block of 39th Street sold for $1,995,000   11) Large bay front home near Fifth Avenue on 42nd Street sold for $2,100,000   12)  Oversized bay front parcel with existing house and pool at the end of Heron Drive sold for $5,850,000.
If you would like additional information regarding market values for Avalon/ Stone Harbor, please let me know. Â I appreciate the opportunity to help! Â ann@anndelaney.com