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4100 Route 9 S #18
Rio Grande, NJ 08242
Jeanne Rhoads with deSatnick Real Estate LLC - Lower Township, original listing - (609) 399-0041
$187,500
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
--
Property Description
This is an incredible opportunity for anyone seeking a private escape at Cape Shore Resorts! Perfect space with two bedrooms and two full bathrooms. The living room, dining room, and kitchen is ideal for entertaining guests or enjoying quality time with family. Or step out to the two-tier paved patio with pergola creating a wonderful outdoor space for gatherings. The outdoor shower is a fantastic addition for rinsing off after a beach day, helping to keep the interior tidy. Moreover, the storage shed is perfect for organizing beach toys, bikes, and other outdoor equipment for easy access. This home comes fully furnished and is ready for anyone looking for a great opportunity to own a property in Cape Shore Resorts. Rent includes water/sewer, trash removal, property taxes, coin operated laundry facilities, and common area grounds maintenance including professional pool cleaning. Community amenities include three swimming pools, bocce ball, a basketball court, playground, picnic area, a stocked fishing lake, and a charming gazebo. Occupancy is somewhat restricted from November to March, one of the only communities with weekend access and the option for extended stays during major holidays. All applicants are subject to a credit check and background check and are required to sign an annual lease with a monthly fee of $640.00. *Property is sold as is where is, seller will make no repairs*
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Mobile Home
Year Built
2007
MLS Number
--
Location
Address
4100 Route 9 S #18
City
Rio Grande
State
NJ
Zip Code
08242
County
CAPE MAY
Listing
Provider
deSatnick Real Estate LLC - Lower Township, original listing
Name
Phone
(856) 803-9889
Office Name
Office Phone
(609) 399-0041
Agent Name
Jeanne Rhoads
Agency Phone
(609) 886-6000

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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.