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4209 Bayberry Road
Avalon, NJ 08202
$10,495,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4219
Property Description
Experience unparalleled privacy in one of Avalon's most prestigious oceanfront locations, with breathtaking views of the ocean and pristine dunes. Enjoy seashore living in this 6-bedroom, 5.5- bathroom, 2.5 story home located on Avalon's exclusive Bayberry Drive and situated on a spacious 100' x 110' lot. This approximately 4219 square foot home features four heating and air conditioning systems, expansive living room with fireplace, Vermont marble, spacious bedrooms with ocean views, private decks and a luxurious heated swimming pool. What sets this home apart and makes it so unique is that, unlike most residences on Seven Mile Island, it is positioned with its back facing the ocean due to its location on a north-south street. Inside, you'll discover a smartly designed layout that features. two wings on either side of a soaring foyer and its inverted design layout ensures that the living spaces on the upper main floor offer the most breathtaking vistas. Adding to its distinctiveness, you and your guests can effortlessly step out of your bedrooms and onto the deck and pool area whenever you desire. The wing on the north side of the home comprises two bedrooms while the wing on the south side encompasses two bedrooms, a functional gym, and an ancillary room with additional storage. On the second level, you'll find the expansive living area, offering a seamless transition to outdoor living through three sets of sliding glass doors that lead to a spacious sundeck overlooking the pool area. Here, you can savor ocean views and a refreshing coastal breeze. The well-appointed kitchen boasts granite counters and top-of-the-line stainless steel appliances, including a Sub-Zero refrigerator, Viking dishwasher, Viking range, and a generous pantry. Additionally, the master bedroom suite on this level features a private sitting area with sliding glass doors that open to the second-floor deck with views of the pool, gardens and ocean. On the third floor, you will find the sixth bedroom. The vaulted great room on this level offers two seating areas and direct access to over 65 feet of oceanfront deck space, complete with a premium barbecue grill and a full exterior staircase leading to the pool deck and outdoor shower. Immerse yourself in leisurely beach days or unwind by the pool at this exquisite property. Ideally located close to local restaurants and shopping, this home epitomizes the essence of luxurious living. ***One exterior photo has been virtually staged .
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1977
MLS Number
240855
Location
Address
4209 Bayberry Road
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Avalon
Office Phone
(609) 967-0700
Agent Name
Jack Vizzard

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HUD Foreclosures

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.