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

By
Real Estate Agent with Keller Williams Realty - Atlantic Shore
http://actvra.in/sSh

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.


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Rainmaker
591,182
Laura Giannotta
Your Realtor Down the Shore!
Keller Williams Realty - Atlantic 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!

February 13, 2012 07:58 AM
Rainmaker
882,053
James Dray
AR., MO., or OK. I can find the home for you.
Wise Custom Realty

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.. :~)

February 14, 2012 05:17 AM
Rainmaker
933,119
Nick T Pappas
Madison & Huntsville Alabama Real Estate Resource
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL

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

February 14, 2012 09:36 PM
Rainmaker
411,353
Betina Foreman
Realtor, C.N.E. Selling Homes in Lake Travis & Central Austin!
512-771-6318 Austin Home Girls 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

February 15, 2012 11:50 AM
Rainmaker
1,276,411
Sally K. & David L. Hanson
WI Realtors - Luxury - Short Sale - CDPE, REDS
Keller Williams 414-525-0563

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

February 16, 2012 03:47 PM
Anonymous
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Rainmaker
591,182

Laura Giannotta

Your Realtor Down the Shore!
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REALTOR at the Jersey Shore