Homes With A Basement in Ocean Acres...Can You Live Without It?

By
Real Estate Agent with Keller Williams Realty - Atlantic Shore

A Basement in Your Ocean Acres Home...Can You Live With Out It?

132 CommodoreThree bedroom 2 bath single family homes in Manahawkin's Ocean Acres are listed anywhere between $150,000 and $299,000. There are 28 homes listed for sale in this section of Stafford Township within that range, only 8 have basements.  

Three bedroom 2 bath homes seem to be a popular home size for first time home buyers at the Jersey Shore. 

But, first time home buyers in Manahawkin should take note of the savings realized in homes without a basement.

The $150,000 to $299,000 price range is what homes are listed for.  Savvy buyers realize what counts is not what the Ocean Acres home is listed for, but what it sells for. That's what matters to buyers (and their appraisers) and sellers in Manahawkin.

Sale price tells it all! From the sales since January 1, 2012 it would appear that a basement will cost you about $30,000 in a 3 bedroom 2 bath home.

Statistics from the Jersey Shore Multiple Listing Service show four homes with 3 bedrooms, 2 bath sold since January 1, 2012 in Manahawkin's Ocean Acres. Only one of these home was a short sale. Even so, check it out.

Address                                                                         List $        BR BA         Sell $         Sell Date
1202 Treasure Ave (short sale) $184,900 3 2 $165,000 02/10/2012
112 Ahoy Rd $211,000 3 2 $201,500 02/07/2012
228 Stern Ave (basement) $245,000 3 2 $235,000 01/17/2012
165 Topside Rd (basement) $249,900 3 2 $232,500 01/31/2012




So if you can live without a basement you could save a significant amount on your 3 bedroom 2 bath home in the Ocean Acres section of Manahawkin.


Comments (8)

Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Glastonbury Office's #1 Top Producing Agent-not on

I thought they were water front with a name like ocean acres...best wishes selling the active homes in your area!

Feb 12, 2012 11:03 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good information for buyers. There are many buyers who prefer to buy a home with a basement .

Feb 12, 2012 11:05 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Laura.... we have several subdivisions in our area with homes built on a slab..... they are less money.... not everyone wants a full basement....everything sells.

Feb 12, 2012 11:28 PM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Linda...The waterfront sections of Manahawkin are Beach Haven West, which includes East Point and Colony Lakes!

Gita-You're right, but as you know all basements are not created equal.

Barbara-It's interesting, after reading your comment I was thinking new home builders around here don't charge that much for a basement!

Feb 12, 2012 11:58 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

A lot of people here do not care for basements because most of them (without proper maintenance) get the dreaded (M) word.  Of course if the maintenance had been maintained there would be no problem.. :~)

Feb 13, 2012 09:17 PM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Laura, that $30K figure sounds about right even for around here.

Feb 14, 2012 01:36 PM
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

Dear Laura,

You are so right the list price and actual sales price are rarely the same unless its a bargain. In Texas we don't have many homes with basements, the topography is not the best for basements.  I would love to have the extra storage in a basement!

Betina

Feb 15, 2012 03:50 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Everything sells at a price...first timers have sooo much less baggage and need for storage...it can be great !

Feb 16, 2012 07:47 AM