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2118 First
Avalon, NJ 08202
Gregory Davis with VANGUARD REALTY ALLIANCE, LLC, original listing - (484) 800-1777
$4,199,999
Conventional
Property
Bedroom
6
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
3378 Square Feet
Property Description
Welcome to your dream beach house in the heart of Avalon, NJ! This meticulously renovated coastal residence shows like new construction and offers the perfect blend of luxury and comfort. Spanning approximately 3,378 square feet, this exquisite living space is distributed over 3 floors and features 6 spacious bedrooms with master suites on every floor and 5.5 modern bathrooms with custom tile work and seamless glass enclosures. Situated on a generous corner lot, you are only two blocks from the pristine beaches of Avalon and 1 block away from the downtown shopping district and all of your favorite entertainment spots. From the moment you enter this home, your eye is immediately drawn to all of the beautiful designer details, beginning with the distinctive character of the staircase made from reclaimed wood from a retired naval ship and continues throughout. The main living level features large windows that fill the space with natural light and an open floor plan that seamlessly connects the living, dining, kitchen and bar areas, creating an ideal space for entertaining. The gourmet chef's kitchen is one of the largest for this sized home and features Bosch stainless steel appliances, quartz countertops and a wrap-around island with ample seating, making it the perfect gathering place for friends and family. The side deck located off the kitchen features a quiet outdoor space for eating or simply escaping and offers a view of the private pool. The first floor features 4 bedrooms, including a large junior master with en suite bathroom. The large living room on this floor is a great getaway space, featuring ample storage and a beverage center. As an added convenience for guests coming back from the beach or the pool, the laundry area is purposefully located off the side entrance on this floor not far from the outdoor shower. The third floor features an expansive master retreat with a private sitting area, dual walk-in closets, W&D hook up, and a custom en suite bathroom. A separate loft area on this floor overlooks the main living space and an outdoor deck provides an opportunity for an ocean view, while serving as additional gathering places for play or relaxation. Outdoors, relax on one of several decks or in and around your own in-ground, heated pool. The pool features a hot tub bench and the pool can be converted to a full hot tub for those cooler days pre and post season. The private pool area also features an outdoor kitchen complete with a grill, sink, cabinetry with a stainless steel countertop, a table with seating for casual outdoor dining and an enclosed shower to rinse off after the pool or the beach. The garage functions as a pool cabana which includes seating, a mini fridge and a roll up glass door while also providing separate ample storage for all of your beach equipment or a low speed vehicle. Driveway access from two sides additionally provides off street parking for you and your guests. Don't miss this rare opportunity to own a piece of paradise in one of New Jersey's most sought-after beach communities. It’s perfect as either a private residence for summer gatherings with friends and family or utilize the design features and layout as a desirable income generating, turnkey short term vacation rental. The home includes all of the professional designer selected furnishings and with dual zone HVAC and newer mechanical systems (tankless hot water heater 7 HVAC on the main floor replaced in 2023, new coil & new condenser on the upstairs furnace replaced in 2021, and hot water heater on the third floor replaced in 2020) you will have years of worry-free enjoyment. The owner will also provide you with the info for their maintenance team. Schedule your private tour today and experience the Avalon lifestyle for yourself!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
2118 First
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Name
Phone
(484) 716-7473
Office Name
Office Phone
(484) 800-1777
Agent Name
Gregory Davis
Agency Phone
(484) 800-1777

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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.