It's 69 degrees and sunny at the Jersey Shore..... in November!
Open House Sunday 2-5pm
This is not your Grandma's Condo! Stylish 2 story loft-style condo is the best priced two bedroom on the Navesink River, plus it has the very best views in town.
This Mid-Century Modern loft has 1,488 square feet of interior space, a spacious riverfront balcony, plus a rooftop terrace. New kitchen with granite and stainless appliances (all included), New HVAC, New windows, New Maytag Washer & Dryer. This is one of the few places in Red Bank where pets are welcome.
Please feel free to call if you need directions 732-768-1068
Senate Makes Tentative Agreement to Extend and Expand Tax Credit
Within the past 72 hours, some misinformation regarding the extension and expansion of the first-time home buyer tax credit has been disseminated through various media outlets. As of today, no formal bill regarding an amended tax credit program has been passed. On Wednesday, October 28, 2009, Senate leaders reached a tentative agreement to extend and expand the federal first-time home buyers' tax credit originally set to expire November 30.
While the method for passage remains uncertain, the deal would extend the $8,000 credit for first-time buyers until April 30, by which point they must have sales agreements in hand. These buyers would have until June 30, however, to go to settlement. The agreement would also provide a $6,500 credit for current homeowners who purchase a new residence in this time frame. To qualify, the homeowners must have lived in their primary residence for five continuous years. Qualifying income limits would also be raised to $125,000 for single taxpayers and $250,000 for joint taxpayers, from the current $75,000 and $150,000.
The Senate has not yet agreed whether the extension will be put up for a vote as its own bill or in conjunction with other legislation. Once it passes the Senate, the measure must be voted on by the House and signed into law by President Obama. Stay tuned to www.njar.com and the Week in Review e-newsletter for further developments. Until then, NJAR® continues to urge its members to respond to the NATIONAL ASSOCIATION OF REALTORS® (NAR) Call for Action (CFA) if they have not already done so.
On Monday, October 26, 2009, shortly before the tax credit deal was made in the Senate, NJAR® joined Congressman Leonard Lance (NJ-07) at a press conference in support of the extension and expansion of the federal first-time home buyer tax credit for residents across the state through 2010. Earlier this month, Lance introduced the Homebuyer Tax Credit Fairness Act (H.R. 2779) which would specifically extend and expand the popular tax credit from $8,000 to $15,000 through December 1, 2010, and open it to all people buying a primary residence regardless of income or past homeownership. For more on the press conference, view the press release and read the Asbury Park Press and NJ 101.5 news pieces on the NJAR® "In the News" page.
The National Trust for Historic Preservation offers distressed properties and properties at risk which are for sale at a greatly reduced rate
U.S. Lifesaving Station No. 5 in Long Branch is available to someone who can move one of three historic lifesaving buildings to their own land. This shingle style structure is a 2 ½ -story, Circa 1900 "Port Huron Type" 3,446 square foot building featuring cedar shingles and two towers. The building is frame constructed and the foundation and basement walls are brick. It is in fair to good condition and has been vacant for two years.
The Port Huron house is situated on a property scheduled for redevelopment :-( The relocation is subject to conditions set forth by the New Jersey Department of Environmental Protection (NJDEP) in a permit requiring it to be moved off site. The property owner will convey title of the building for the nominal consideration of $1.00. Any interested party would be responsible for moving the house to another site.
The site, located at the old Takanassee Beach Club at 805 Ocean Ave., has been the topic of local controversy in recent years as redevelopment plans have sparked the ire of preservationists who claim three of the abandoned building on site represent different eras of the U.S. Lifesaving Service, a precursor to the U.S. Coast Guard.
In late September, a suspicious fire destroyed the lookout tower of one of the three structures. The cause of that blaze remains unknown. Quick action by the Long Branch Fire Department, aided by seven local towns, prevented further damage to the oceanfront building.
For more information, please contact me and I will put you in touch with the law firm representing the house: Susan@SusanMcLaughlin.com
Last month, the share of applications for government-insured mortgages reached its highest level since November 1990, with government-insured loans accounting for nearly 36% of all mortgage applications, according to the Mortgage Bankers Association.
Most of those loans are made by the Federal Housing Administration, a New Deal-era agency that doesn't actually make loans but insures lenders against losses. Other government-insured loans are offered by the Department of Veterans' Affairs.
In May, the government-insured share of mortgage applications stood at around 26%, down slightly from 27% in June 2008. Just four years ago, the government-insured share of applications stood at less than 6%. Back then, the proliferation of no-money-down loans made increasingly irrelevant the FHA, which requires down payments of at least 3.5%. Today, that's nearly impossible to find in the private market, and over the past two years, the FHA has watched its market share ramp up dramatically.
But any surge in demand for FHA loans shouldn't come as a surprise, especially when considering recent surveys that show home buyers still believe they shouldn't have to sink large down payments into home purchases. A recent survey of buyer attitudes by Zillow.com found that more than one-third of buyers don't plan to make down payments larger than 10%, while nearly one-fifth of buyers don't plan to put any money down. Only 22% of buyers said they planned to make down payments that exceeds 20%.
If you are ready to buy and want to take advantage of the low rates, reduced prices AND the $8,000 tax credit, don't delay any longer. Call me at 732-768-1068.
Estate Sale this Sunday on Fair Haven's Navesink waterfront. Sale runs from 11am to 6pm.
Browse 156 years of family treasures including: Large antique wardrobes, handsome biblioteque' and other furniture, Kitchen ware: glassware, pressed glass, dishes, old cooking tins and molds, soup tureen, old framed pictures & prints, books, tools and a red canoe.
The exact address will be posted on Friday to deter zealous "Early Birds" from knocking at the door.
Address is 78 DeNormandie Avenue, off River Road. Turn towards the river at The Java Stop. Drive slowly down DeNormandie to end on right.
We just listed a great office suite on Maple Avenue that offers fantastic visibility and the option of Work/Live space. Check it out and call me at 732-768-1068 to make a visit.
Located in the Windward Travel building, this is a great spot for your business with tens of thousands of vehicles passing each day at 30 mph.
Description
1,149 sq ft second floor office suite with live-in professional option. Great visibility plus Maple Avenue address. There are three large rooms with cross ventilation and a spacious eat-in kitchen, which is perfect for a break room, 2 bathrooms. Hardwood floors, vintage 1920s details in this well-kept building. Heat & water are included in rent! Ample parking.
Red Bank is a great place to work: Walk to train, restaurants, outdoor cafes & waterfront parks in the business community NJ Magazine called "New Jersey's Best Downtown".
Freshly painted and available immediately for minimum of 1 year lease.
Maple Avenue (aka Higway 35) is lined with stately homes that have been converted to professional offices. Tens of thousands cars pass by at 30 mph every day - Great visibility and a great address!
First time offered: the landmark beach town cottage where Bruce Springsteen lived in 1974-1975 when he wrote the entire "Born to Run" album.
Bruce often talks about living here, including in the Born to Run documentary made in 2005 on the 30th anniversary of it's re-mastered release. In the documentary, Bruce returns to 7 1/2 West End Court and reminisces about how he would sit on the porch or sit on the edge of his bed, writing Thunder Road, Born to Run, Tenth Avenue Freeze Out, Backstreets, She's the One and Jungleland.
The 5 room, 2BR, 1Bath cottage is bigger than it looks at about 828 square feet. It is just 120 feet from beach access (at my old apartment where I lived in 1974-1975 when Bruce lived here). It has high ceilings and is built in the traditional Southern "Shot gun" style. The lot is 25 x 95, Zoned commercial-residential (C-3)
Comps for the area's cottages are $250.000 I have it listed at $299,000
Fair Haven's Borough Council voted tonight to move forward with the acquisition of a waterfront home to create a passive park. Located at the end of DeNormandie Avenue, the piece is known locally as the Williams/Robards house.
Charles Williams, a free black American, built his homestead in 1853, long before the Civil War. The house had additions over the years, but retains it's hidden staircase, wavy glass windows and original cooking fireplace. The land itself is well suited for a park, it is level, without wetlands and boasts a magnificent variety of specimen trees.
Mayor Michael Halfacre, Borough Council and Fair Haven Administrator, Mary Howell have identified State, National and Monmouth County sources of funding to assist in the purchase of this park land. It is anticipated that this funding will alleviate much of the expense of the purchase for taxpayers.
It has been my pleasure working with Mr. Williams' decendants, brothers Don and Bob Robards in the sale of the property to my home town. The park will be named in honor of the Williams/Robards family, a fitting tribute to a family that has contributed to Fair Haven for 155 years.
FOURTH OF JULY, ASBURY PARK DOCUMENTARY from Backstreets.com Greetings from Asbury Park, an award-winning documentary feature film that offers a personal perspective on how eminent domain abuse has affected the Jersey Shore town, can be seen on PBS stations in New York, New Jersey and Philadelphia.
The film follows 91-year-old Angie Hampilos, a Greek immigrant and the great aunt of filmmaker Christina Eliopoulos, as she learns that her seaside bungalow - her home of over 50 years - will be taken by eminent domain to make way for (more) luxury condominiums. In fact, 29 city blocks of homes, businesses, apartments and historic boardwalk attractions are now boarded up and ready for the wrecking ball. They belong to a private developer and will be razed to make way for 3,100 luxury condos.
The movie combines intimate recollections, home movies, rare archival footage, thrilling cinematography and a dynamic soundtrack to recreate the postcard playland and boardwalk dreamland that was the resort city of Asbury Park.
An orchestral score by composers George Vahamonde and Nik Everett employs the evocative strains of acoustic guitar, piano as well as toy instruments and music boxes to recall the mythic ideal of Asbury Park. Two rare, turn of the century piano compositions, "On the Boardwalk in Asbury Park" and "Wear a Boardwalk Smile," long considered lost artifacts, were found and recorded for the film.
"Both George and Nik are children of the boardwalk with longtime ties to Asbury Park," said Eliopoulos. "They created an incredible score with exquisite sensitivity. The music takes us from the boardwalk funland to a wistful kind of memory or dream-like state, and on through to the city's decline and frustration." The film's dynamic soundtrack includes archival works, and numerous compositions from noted area bands and singer-songwriters including Jeff Saxon, The Misteriosos, as well as bandleaders from the fabulous '50s including Irvin Bell and Martin Weinblatt and Jersey favorite Red Mascara, who wrote and performed the jaunty little ditty "I'm from New Jersey."
Bruce Springsteen also approved the use of his music for the film: in one poignant sequence, "Tunnel of Love" plays over images of teenagers on the famous fun house rides of Palace Amusements and is followed by footage of the dismantling of the carousel horses, and finally, the destruction of the Palace.
"The Palace was a cultural touchstone and playland for those of us who grew up Asbury Park, and of course for anyone who knows Mr. Springsteen's music," director Eliopoulos tells Backstreets. "I am very grateful that Bruce granted me permission to employ his achingly beautiful song, 'Tunnel of Love,' for the film. I've been in love with the song, hearing it not just on my iPod but in my head, for most of my life."
Stations airing the documentary include WHYY, NJN2 and WLIW. For more information about the film, the broadcast schedule and to view a short trailer, visit greetingsfromasburyparkmovie.com.
p.s. And don't buy condos built on land taken through Eminent Domain. Don't eat at restaurants, enjoy gelato, get massaged in spas or sleep in hotels built on land taken through Eminent Domain. Susan
Covering real estate news in Red Bank and the surrounding Jersey Shore towns of Fair Haven, Rumson, Little Silver, Shrewsbury, Holmdel, Middletown, Colts Neck, Navesink, Sea Bright, Monmouth Beach, Tinton Falls.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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