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640 Winding River Road
Brick, NJ 08724
Robert Dekanski with RE/MAX 1st. Advantage, original listing - (732) 827-5344
$1,400,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3495 Square Feet
Property Description
This beautiful riverfront home is situated on a spectacular bluff above a protected cove along the majestic Manasquan River that provides a tranquil & private oasis just minutes from the Jersey Shore beaches and attractions! In addition to the $1,000,000 view from almost every room, the cove provides an incredible natural habitat including a pair of eagles who's nest is within view and provides regular sightings of these incredible birds, and their offspring! This property has a newer dock & boat lift that provides direct access to boating, kayaking, & more, just outside your back door! The home has spacious rooms, many amenities and is perfect for year-round enjoyment and entertaining - both inside and out as there is a beautiful stone patio that leads to an incredible lower level deck that has one of the most stunning views along the Jersey Coast! There are 5 bedrooms, 3 full & 1 half baths, eat in kitchen w/island, large dining space that opens to a giant living room w/4 sliding doors to take in the spectacular views! All of the home's 3 HVAC zones & water heater have been upgraded to the most energy efficient equipment. The recently added solar panel system handles the home's electrical needs as well! Newer plantings & no fertilizing has been part of responsible riverfront living. The home recently won a local environmental award. All of the kitchen appliances were upgraded two years ago & the Sub Zero refrigerator was given a $1,500 reconditioning. There are 2 sets of large washer/dryer combos - one on the 2nd floor and 1 within the 1 st floor primary bedroom area - fabulous amenity! Both the exterior and interior were recently painted and everything is in great working order so you can just move in and enjoy! The partially finished basement has plenty of entertaining space with two sliding doors that open to the deck & stunning views! There is an oversized 2 car garage & ample storage throughout the home. Come & See!!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
640 Winding River Road
City
Brick
State
NJ
Zip Code
08724
County
OCEAN (NORTH)
Listing
Provider
RE/MAX 1st. Advantage, original listing
Name
Phone
(732) 827-5344
Office Name
Office Phone
(732) 827-5344
Agent Name
Robert Dekanski
Agency Phone
(732) 827-5344

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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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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.