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223 24th St
Avalon, NJ 08202
Craig J. Worton with COMPASS RE - Avalon, original listing - (609) 967-9600
$2,850,000
Conventional
Property
Bedroom
6
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
2294 Square Feet
Property Description
Welcome to 223 24th St, a stunning 2,294 sq ft townhouse nestled in the charming community of Avalon, NJ. Located in the heart of Avalon's business district, this beautifully designed townhouse offers an impressive six bedrooms and four and a half bathrooms, providing ample space for comfort and relaxation. As you enter through the private entrance, you'll be greeted by the elegance of hardwood floors and an expansive open floor plan. The southern exposure ensures that each room is bathed in warm, natural light, highlighting the sophisticated architectural details. The heart of this home is the windowed eat-in kitchen, featuring sleek granite countertops, a functional island, and state-of-the-art stainless steel appliances, including a gas stove and range hood. A convenient pantry and kitchen dining area make this space perfect for both casual meals and entertaining. Relaxation is assured with the cozy fireplace, while the primary ensuite bathroom offers a peaceful retreat, complete with a double sink and ample natural light. Outside, the private yard, patio, and deck provide wonderful opportunities for outdoor enjoyment and entertaining. Additional features include a heated pool, an attached garage, and modern conveniences like central heating and air conditioning. The property comes partially furnished, adding to its move-in readiness. Experience luxury living in this exceptional Avalon townhouse, where every detail has been meticulously crafted for your ultimate comfort. You'll love the convenience of parking your car for the weekend and walking everywhere you want to go in town.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Townhouse
Year Built
2013
MLS Number
--
Location
Address
223 24th St
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Provider
COMPASS RE - Avalon, original listing
Name
Phone
(609) 846-5595
Office Name
Office Phone
(609) 967-9600
Agent Name
Craig J. Worton
Agency Phone
(609) 967-9600

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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.