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2 Erica Ln Ln
Ocean View, NJ 08230
DAVID WALKER with BOWMAN WALKER REAL ESTATE, INC, original listing - (609) 796-5729
$675,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
26079 Square Feet
Property Description
MOTIVATED SELLER! OPEN HOUSE Saturday 2/1/2025 11AM-1PM (Weather Permitting)! Stop in and see This corner property which offers loads of space for all your family needs and then some! Pull up into the very large side driveway which takes you into the 2 car attached garage, you and your guests will appreciate the semi-circular driveway which offers plenty of personal and guest parking...Which you will appreciate when you step inside and see all this home offers. The cozy covered front porch offers plenty of room to relax, step into the LARGE entry way with hard floors throughout, this entrance takes you into the spacious bright home which just screams comfort. To the right you will find a very large dining room with large windows to bring in the sunlight, to the left you will find a very spacious living room again with large windows, gas fireplace and plenty of room to entertain friends and family while maintaining that cozy feeling. Continuing through the LR you will find a beautiful bright Florida room with large windows, French doors to the back deck and a sky light to ensure maximum sun exposure while sitting inside. The kitchen boasts granite countertops, loads of cabinetry, a coffee bar/microwave station, stainless appliances all replaced over the past five years. Down the hall you will step into your large laundry room with additional cabinetry for more storage and also offers the multifunction of a half bath. This side of the home is where you will find a newly renovated In-Law Suite with a beautiful sitting room showing off beautiful mahogany ceilings and built in shelves, of course a private bath and spacious bedroom and just as is indicative of the rest of the home this suite has beautiful large windows so you get loads of sunlight, step out of the private access to the fenced back yard or you also have direct access through the garage. Head all the way to the other side of the home and you will find three very large bedrooms a large hall bathroom and the Primary Suite is a MUST SEE! Offering again BRIGHT sunlight from the large sliding WALL which takes you right out to the beautiful step-up deck where you can enjoy your morning coffee and an evening glass of wine, additionally you will just love the walk-in closet and the stunning private bathroom with double sinks, sunken tub and walk in shower, again A MUST SEE! All the bright indoor space is not where the splendor ends, step out to the lovely and privacy fenced back yard via several outdoor access points and you will find...An above ground pool, a hot tub, several decks some offering some shade and some in bright sun! The decks and pool do not take up all the space so you will also find a small garden shed to keep the tools for what you will agree is a great use of one side of the yard now fenced off with raised garden beds, and with all this you still have plenty of space for kids to play and for family and friends to enjoy out door games. Storage is never a problem in this home as there is an attic accessed from the garage and plenty of storage shelves to keep your stored items neatly organized in the attached garage. Make your appointment to tour this home asap.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1985
MLS Number
--
Location
Address
2 Erica Ln Ln
City
Ocean View
State
NJ
Zip Code
08230
County
CAPE MAY
Listing
Provider
BOWMAN WALKER REAL ESTATE, INC, original listing
Name
Phone
(609) 884-2800
Office Name
Office Phone
(609) 796-5729
Agent Name
DAVID WALKER
Agency Phone
(609) 796-5729

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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.