348 47th Place East, Sea Isle City – FOR SALE

 

More than just a move-in ready townhouse, this is an opportunity for a lifestyle that is second to none.  Enjoy unobstructed views of the meadows and wildlife during the day.  If the beach isn’t calling your name, you can swim, paddle, kayak or go for a cruise, all from your private dock.  End the day by relaxing or entertaining friends to your front row seat of the sunset!  This is the best side of the best lagoon on the island. Recent investments to this unit make it a turnkey opportunity!

33 33rd Street West, Sea Isle City – FOR SALE

INVESTOR ALERT!!! This townhouse is not only in picture perfect condition, but it has an extensive and impressive rental history.  With beautiful views of the ocean from both of the decks, a huge master suite on the top floor and located less than 1 block to the beach with no streets to cross, this is the perfect setting for summer vacations.  Additional parking can be found along side of the house for extra cars, a boat or jet skis. There are locked owner closets on each floor and an extra-large storage loft in the garage with pull down stairs.  The rear yard is fenced in, allowing for space for the kids to play. With no work needed to improve the unit, this is a great investment property for anyone looking to cover the annual carrying costs with weekly summer rentals!

Sea Isle City Real Estate Market Update

Here is an encouraging market update wrapping up 2016 and kicking off 2017. 2016 ended strong with 30 units going under contract in the months of November and December. 2017 is already off to a strong start with 12 more units going under contract in the first two weeks!

What I find really interesting is how low the inventory is on the island right now. For example, there are only 20 units for sale between $500,000 – $700,000 and only 19 townhouses for sale in the beach block under $1million! For anyone who is interested in selling, now would be a good time to give me a call. For anyone looking to purchase a property, I wouldn’t wait too long to make an offer once you find the right place.

For the investors who are looking to purchase a rental property, I know of two townhouses where the rental income will cover all of the expenses for the year with only 20% down. With over 16 years in the business, I can tell you that this is very rare in Sea Isle. Usually an investor would need to put closer to 40% down to cover all of the annual expenses. Give me a call if you would like more information on these properties.

Here is a link to all of the units that have sold since November 1st. http://capemay.paragonrels.com/publink/default.aspx?GUID=9686def0-6091-4046-9f1c-fc7793d20443&Report=Yes

Here are all of the units that are currently under contract. http://capemay.paragonrels.com/publink/default.aspx?GUID=a1fb2a2a-f1f1-4e7c-bdbc-db9ff799c370&Report=Yes

233 39th Street, Sea Isle City – FOR SALE

This townhouse is a perfect example of pride in ownership.  The sellers are the original owners, have not rented the unit and have taken exceptional care.  Recent upgrades include hardwood floors, stainless steel appliances and granite counters.  Just pack your clothes and move in!

5800 Landis Avenue, Sea Isle City – FOR SALE

Sea Isle City Market update

10/31/2016

With the arrival of the fall season, many of the homes that were put under contract shortly after the summer are now going to settlement and establishing the current market values. I have continued to see a slow increase in values since the spring when another surge of homes settled on the island.
This is also the time of year when we find out what properties will be developed over the winter and available for next summer. I personally have 5 new construction development projects that are underway. These projects range from the beach block to the mid-island and back on the meadows with views. Not all of the projects have hit the open market for sale yet, so please contact me if you have any interest in learning more.

Since my last update
46 units have sold, 45 units have been placed under contract  and 80 have come on the market for sale.

  • Dustin’s Sale Listing- Be sure to check out the video tours!
    140 93rd – This top floor unit offers more living space than most would expect. With an open layout, plenty of windows and sliders and views of the ocean and bay, this is a great Townsend’s Inlet getaway! The location provides for less than a block walk to the beach with no streets to cross! Asking $475,000 VIDEO TOUR: https://www.youtube.com/watch?v=RxDMMH3poOo
  • 5517 Sounds – This bayfront with a newly rebuilt boatslip offers a lifestyle that is second to none. Wake up to the morning meadow views. Enjoy the day on the boat or on the beach. Better yet, take your boat to a sand bar. Unwind at the end of each day to the priceless sunset views! There is also parking for 6 cars. In addition to unparalleled views, a recent price reduction make this the lowest priced bayfront side by side on the island! Asking $579,000 VIDEO TOUR: https://www.youtube.com/watch?v=3s3R3uFAK-4
  • 5508 Central – This is the seller’s primary residence and it is in picture perfect condition! No work will be needed for you to enjoy this spectacular house, just move in and start making memories of your own. Upgrades to the house include new stainless steel appliances, hardwood floors, granite kitchen counters, a rear patio and more! Asking $695,000 VIDEO TOUR: https://www.youtube.com/watch?v=_oo1l6m7yhE
  • 24 68th – Introducing an excellent opportunity to invest in an oversized townhouse located less than a block from the beach. The unique characteristics offered include a full garage and a large, well landscaped back yard that is prepped for an outdoor hot tub or outdoor kitchen. Inside you will be greeted with large bedrooms, renovated bath rooms, a renovated kitchen and hardwood floors. This house has an extensive rental history and will prove to be an excellent investment opportunity or endless potential as a family vacation home. Asking $749,900 VIDEO TOUR: https://www.youtube.com/watch?v=ObuY_pT62Mw
  • 221 36th – This location offers peace and tranquility from the panoramic views of the meadows. Upgrades to the home include 4 decks, the two meadow side decks are oversized and feature glass panels making it easy to watch all of the wildlife that this unique lot has to offer. Other upgrades include a shaft for the future addition of an elevator, the third floor HVAC placed in the attic, 12’ slider in the living room, hardwood floors throughout, granite kitchen counters and more! Most of the neighborhood is comprised of residents who do not rent. With completion scheduled for Spring 2017, this allows the option for the buyers to get in early and make their selections. Asking $899,000 VIDEO TOUR: https://www.youtube.com/watch?v=QUgvbKItjXI

5508 Central, Sea Isle City – FOR SALE

This is the seller’s primary residence and it is in picture perfect condition! No work will be needed for you to enjoy this spectacular house, just move in and start making memories of your own. Upgrades to the house include new stainless steel appliances, hardwood floors, granite kitchen counters, a read patio and more!

3204 Landis North – Sea Isle City

This highly sought after Garry Dickey designed and built home features upgrades above and beyond the norm. With a private elevator to the ground level, custom tiled bathrooms, a gourmet kitchen and a master suite with a fireplace and private deck, you will have no problem feeling right at home in this unit. The building also features a nice back yard, 4 decks and a clean garage with an epoxy painted floor. This is not a new construction, but the condition is close to perfect and feels new. Everything in the home, including the beautiful furniture is included with the sale!

Contact Dustin Laricks to schedule your private tour of this unit.

221 47th Street, Sea Isle City – FOR SALE

Boasting 6 true bedrooms, plus a family room, a living room and 2 car garage, this townhouse offers extra living space and plenty of extra parking for a large family! Located in a very nice residential neighborhood with a short walk to the beach and Sea Isle’s downtown , this is a perfect vacation spot. Offered exceptionally well furnished, just move in and start making your memories this year!

Asking $849,000

4401 Landis Ave, Sea Isle City – For Sale

This condo has never been rented and is in perfect, move-in condition. Located in the heart of Sea Isle you can be close to it all, yet the position of this unit is sheltered from any street noise and has views of the ocean! Enjoy the common courtyard or privacy either of the two balconies. Only steps to the beach, this is the perfect vacation condo.

Contact Dustin Laricks for more details.