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General Area in Asbury Park : Real Estate Advice

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Activity 2
Sat Jan 2, 2010
Valentina Gabela answered:
HI Donna

This house was first put on the market back in 11/06 for $594,900. It was on and off the market with the price being lowered periodically. The last time it was listed on 12/04/09 at the price of $285,000. It is currently Bank Owned and being sold as is. The house is in need of repairs and updating. It is on a large lot with oversized 2 car garage. Total Assessment $356,700 and taxed $6702 according to mls. There is also a full finished basement. The sale is as is and buyer is responsible for c/o and all inspections. Buyer must prequalify or have proof of funds.
If interested email me vgabela@dianeturton.com.

Hope that helps
Val
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Fri Nov 30, 2007
Francesca Patrizio answered:
Hmmmm, curious to know what the developer was offering you?

I must say I am impressed with the improvements this year along the oceanfront. I attended a few city meetings in '06 and wondered if what the developers were discussing would ever come to fruition. Much to my surprise, much of what was discussed during those meetings came about in 2007.

The activity this year has also been stepped up a well as the media advertising. Just this morning on the 6:00 a.m. radio show, they advertised their tree lighting, house tours, restaurant deals and more all planned for this weekend. It certainly made me want to change my plans for the evening.

I do agree that it is still pretty ugly. However, r u saying that the level of risk for an investor remain too high?
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