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210 24th Avenue
South Seaside Park, NJ 08752
Lauren Barcellona with Arthur Rue Agency, original listing - (732) 793-0473
$6,310,000
Conventional
Property
Bedroom
9
Bathroom
Full: 5
Property Type
Conventional
Square ft
--
Property Description
A rare opportunity is yours to own a fabulous brand new construction luxury home in South Seaside Park with an adjacent guest cottage, overlooking Island Beach State Park! At your oasis, you'll enjoy spectacular views of 3,000 acres of pristine natural coastline as your daily pleasure. As you enter thru the 1840 mahogany gates into the courtyard walking on the beautiful custom porcelain pavers ,you can sit down and relax while the 1st course of food is being made on the grill and pizza oven at the bar...if your ready for the weekend happy hour just continue thru the yard to the sunken firepit area and sit and enjoy a movie on the screen with the hifi projector....of course the main bar is open to serve that much needed cocktail after a long work week This exceptional compound comprised of 2 separately deeded lots sits on ample 100'x100' property with a privacy hedge and offers private access to 24th Ave beach. Upscale amenities were thoughtfully incorporated to optimize your Jersey Shore experience, including 2 fire pits, porcelain paver stone patios for lounging and entertaining, a custom outdoor kitchen, bar, and sunken sitting area with a 65'flat screen and a fireplace, a large projection screen, and 2 outdoor showers. Heightening the allure of this very special offering are premier materials and features such as a Grand Manor lifetime roof, all copper flashing, Cambridge paver drive, custom stained porch ceilings, custom garage doors with Lift Master WiFi openers, a 5-zone irrigation system,62 low voltage lighting with auto timer, and beautiful red oak flooring throughout both homes. The stunning 6 bedroom (possible 7)4 bath homemaine house exudes fine design. Generous level 1 with epoxy flooring and a 3 car garage presents a game area, equipped workout room, a sauna, and Anderson patio doors to the tranquil backyard. A wood clad elevator transports you to all 4 stories. On level 2 is a high-end chef's kitchen with Thor SS appliances and marble counters, a rear living room with porch, 3 bedrooms, 2 full baths. and peacheful decks for savoring the views. Level 3 has private decks along with a front porch facing Island Beach State Park, and entertainment room with wet bar & surround sound, and 3 sizable bedrooms (2 with en-suite baths). The 4th floor observatory with an 800 sq.ft porch,upper deck area, wine cooler, humidor for cigars and gaming machine is a dream spot for the host, plus has room for another bedroom. The guest cottage is an absolute charmer with open living and dining areas, new kitchen, a stone cultured fireplace, soaring ceilings, rich woodwork and built-ins, loft for 2 beds, roof sundeck, and a detached 2 car garage with an upper home office and separate entrance. Other highlights of this treasure are 2 on-demand hot water heaters, 200 amp electric, a 100 amp subpanel, new HVAC and a whole-house generator. CUSTOM BUILT BY ENDRESON CONSTRUCTION CO, LLC.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
210 24th Avenue
City
South Seaside Park
State
NJ
Zip Code
08752
County
OCEAN (SOUTH)
Listing
Name
Phone
(732) 793-0473
Office Name
Office Phone
(732) 793-0473
Agent Name
Lauren Barcellona
Agency Phone
(732) 793-0473

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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.