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9 E 11th Street
Avalon, NJ 08202
Jack Vizzard with BHHS Fox & Roach Avalon, original listing - (609) 967-0700
$4,495,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
3238 Square Feet
Property Description
VERY RARE NORTHEND BEACH BLOCK CORNER HOME WITH POOL. Ideally located steps from the Townsend Inlet Fishing Jetty, the 12th Street playground, and Avalon's restaurants, this beautifully landscaped beach block home has incredible curb appeal. Five large bedrooms sleep 12 people and four full baths. The entry porch leads to a multifunctional ground floor. One of the two bedrooms opens to a relaxing covered wrap-around porch. There is a full ground-floor bath and a separate laundry room. Completing the first floor is a comfortable den featuringa wet bar and beverage cooler. The hardwood stairs lead to the large open-concept living area on the second floor. The recently renovated kitchen is equipped with stainless steel appliances and tiled backsplash. A large pantry provides significant storage space. There is ample space for dining and entertaining with a large kitchen table and quartz island breakfast bar. Located off of the living area, the wrap-around second-level deck offers the opportunity to dine alfresco and take in both inlet and ocean views. There are two additional bedrooms on the second level, one with an ensuite bath and a private deck. A full-sized tiled bath serves the other second-floor bedroom. The third floor showcases the stunning primary bedroom, complete with a walk-in closet, tiled bath with a jacuzzi, and a private wrap-around deck with amazing views of the inlet and ocean. Additional amenities include a gunite heated pool with a spa, surrounded by professional landscaping and low-voltage lighting. There is an attached garage and two off-street parking spaces. The multi-zoned HVAC units were replaced in 2023 and the beach block at 11th East Street has been converted to underground utilities.
Property Information
Lot Size
0 sqft square ft
Property Type
Other-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
9 E 11th Street
City
Avalon
State
NJ
Zip Code
08202
County
CAPE MAY
Listing
Name
Phone
(609) 602-3296
Office Name
Office Phone
(609) 967-0700
Agent Name
Jack Vizzard
Agency Phone
(609) 967-0700

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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.