Friday, January 30, 2009

One of the Best Deals in Sea Isle City!!








Just Reduced!! This 4BR, 2BR home is probably the best priced home on the island right now! If you or anyone you know if looking for a home in Sea Isle City this is a must see. The location is fabulous with being in the South end and only three homes to the beach access. The best part about it though is that diagonally across the street is the dunes which they will not be able to build on, so there is excellent, almost beachfront type views! Asking price $725,000!!!
If you have any questions or if you would like to see it, please let me know. Thanks!






















Thursday, January 29, 2009

Sea Isle City 'Beach to Bay' Project

There has been recent discussions on the Marina deveopment project and the related "Beach to Bay" project. Here is an article that was in the Cape May County Herald

'Beach to Bay' Project: Sea Isle Seeks Public Input

http://www.capemaycountyherald.com/article/39412-039beach-bay039-project-sea-isle-seeks-public-input


Sea Isle City's Official Website Information on the "Beach to Bay" Project:

http://www.sea-isle-city.nj.us/whatsnew/rev%2011-21%20Beach%20to%20Bay.pdf

and

http://www.sea-isle-city.nj.us/whatsnew/The%20Beach%20to%20Bay%20Corridor%20project%202009.doc

Tuesday, January 27, 2009

Sea Isle City Real Estate Market Update

Four homes have went under contract since January 1st. The homes that have closed since the last post are:

-130 48th Street, asking price $729,000, sold price $700,000
-26 55th Street, asking price $1,179,000, sold price $995,000
-3502 Landis, asking price $399,000, sold price $367,500

Thursday, January 15, 2009

Sea Isle City Board of Education Meeting Update

Plan would send some Sea Isle students off island
Press of Atlantic City Article By BRIAN IANIERI Staff Writer, 609-463-6713
Published: Thursday, January 15, 2009

SEA ISLE CITY - You can count next year's graduating eighth-graders on one hand.
A plan presented at a special city Board of Education meeting Wednesday night would send those students and some younger classes to another district.

Board member Barbara Drew, who sits on the Shared Services and Consolidation Committee, outlined a plan to send students from grades five to eight out of the pre-K to 8 district.

Pre-kindergarten to fourth grade would remain at the small Park Road school, which has faced a declining enrollment over the past decade and has fewer than 70 students.

Board member Valere Egnasko called the proposal "a measured step" that offers flexibility in the face of changing state regulations and plans.

Some parents called it a not-so-veiled effort to close the school entirely.

A state-directed effort to regionalize small school districts in the state is ongoing. But that effort is more than a year away from becoming a more solid plan and would still require a referendum.

Closing the city's only school has been a divisive issue in the city and among the school board itself.

The committee's proposal, which will be presented formally at a school board meeting Jan. 20, represents a compromise from earlier ideas to close the school outright.

In Sea Isle City, it's an issue more than two years old.

Executive Cape May County Superintendent Terrence Crowley urged the school board Wednesday to make a decision, one way or the other, to allow for planning and preparations.

"In our view, it's critical you reach this decision quickly," he said. "It's time to make that decision, whatever that decision may be."

Board members said the plan would offer no significant savings for the 2009-2010 school year.
However, it could pave the way for a larger send-receive relationship in the future.

Board member Daniel Tumolo said Ocean City potentially stands to gain a $500,000 in tuition from Sea Isle City next year.

"This is going to happen one way or another," board member Ellen Ramsey said. "And we can write our own destiny now."

One major component of the plan, which remains unresolved, is where the Sea Isle City's fifth to eighth graders will go.

Board member Valere Egnasko and other members have said they see only the Ocean City school district as viable.

But Ocean City would have to accept them.

Sea Isle City's high school students currently attend Ocean City High School.

Sea Isle City has had discussions over the past two years on the possibility of closing its school.

Last year, an effort stalled after the city learned Ocean City was disinclined to accept Sea Isle City's tenured teachers, which would be a legal requirement for a deal.

Drew said the school is not what it was 10 years ago. The population is one-third of what it used to be. And there will be only four eighth-graders next year, she said.

Some board members said the district can't offer its students what a larger district can.
But some parents blamed some board members for the school's situation.

The district recently stopped accepting tuition students and had reduced the hours of some teachers in classes like Spanish and physical education.

Parent Andy Ferrilli, who has three children in the district, opposed the plan. He disagreed with some board members' assessments that Ocean City would provide more educational and extracurricular opportunities than Sea Isle City.

Teachers are more nurturing, class sizes are smaller, and there are plenty of extracurricular opportunities, he said.
E-mail Brian Ianieri:
BIanieri@pressofac.com

Wednesday, January 14, 2009

Mayor says Sea Isle City faces tax-rate increase

Mayor says Sea Isle City faces tax-rate increase
Article from the Press of Atlantic City--By BRIAN IANIERI Staff Writer, 609-463-6713
Published: Wednesday, January 14, 2009

SEA ISLE CITY - The city cut its workforce and reduced overall expenses from last year but still faces a 2-cent tax-rate increase in 2009, Mayor Leonard Desiderio told City Council on Tuesday night.

Desiderio blamed the increase on a depleted surplus and less revenue from construction fees and city investments, largely attributed to the economic downturn.

Desiderio gave City Council his early budget projections during his annual State of the City address.

The city has about 10 percent fewer employees after City Council offered buyouts to its entire work force last year, Desiderio said.

Desiderio's address serves as a guideline for the five-member City Council, which is charged with sculpting a city budget that may differ significantly from the mayor's projections.

Budget meetings are scheduled for 10 a.m. Thursday and Friday at the Public Safety Building.

Meanwhile, Desiderio announced the city received state Department of Environmental Protection approval for a $2.6 million beach fill later this year in cooperation with neighboring Strathmere. The state would pay for 75 percent of the project.

The city stands to gain 400,000 cubic yards of sand from First to 15th streets and from 42nd to 52nd streets, Desiderio said.

The city's northern end sees severe erosion each year, and the city has trucked sand to the area in the past decade to cover its geotube, a large sandbag that runs alongside Landis Avenue.

In his annual address Tuesday, Desiderio also stressed the importance of a pending project at the Sea Isle City Marina that would create a boardwalk-type walkway along 42nd Place. City Council previously approved a bond ordinance to fund the project.

Desiderio also told City Council he would be asking for approval to bring a children's amusement park to that area, which is located one block south of John F. Kennedy Boulevard.

Next week, the city will advertise for proposals from amusement-park companies to lease the land to place the park, he said.

E-mail Brian Ianieri:
BIanieri@pressofac.com

UPDATE: Sea Isle Declares Emergency Following Bulkhead Failure, Building Collapse

Another update on the 82nd Bulkhead incident:


http://www.capemaycountyherald.com/article/38736-sea-isle-bayside-propeties-submerge-after-bulkhead-gives-way


http://www.pressofatlanticcity.com/181/story/371977.html

Tuesday, January 13, 2009

Sea Isle City Real Estate Market Update

Since January 1st, 3 homes have gone under contract. The homes that have closed since the last post are:

-34 34th Street, asking price $369,900, sold price $340,000
-33 82nd Street, asking price $1,150,000, sold price $1,150,000

Update on Sea Isle City Bulkhead Problem

Just wanted to pass along the lastest info on the bulkhead issue:


http://www.pressofatlanticcity.com/186/story/370940.html

Monday, January 12, 2009

Sea Isle City-Portion of a Condo Collapses into the Bay


If you or anyone you know are looking for a newer 5BR 3.5BA home in the South end of Sea Isle City, the owner is offering an interesting incentive for Buyers!

The owner of 126 74th Street, East and West, in Sea Isle City is a Mortgage Loan Officer and for an acceptable offer she is willing to pay a percentage point to bring the mortgage interest rate down or if you would prefer you can use that amount for closing costs.

This is a newer Welsh built home, completed in July '07 and has the typical Welsh upgrades--hardwood, granite, stainless steel appliances, gas fireplace and a bay view.

East Side-Virtual Tour: http://www.pts360.com/tours/111241/tour.asp?tt=mls

(Virtual Tour was done before furnishing, both sides are being sold furnished)


If you have any questions or would like to see this home, please let me know! Thanks!

Saturday, January 10, 2009

Sea Isle City Public School Meeting on Shared Services

Sea Isle School Board to Hold Shared Services Meeting
By Herald Staff
Published January 09, 2009


SEA ISLE CITY — The board of education here will hold a special meeting Wednesday, Jan. 14 to discuss the tiny elementary school's future.

The purpose of the meeting is to discuss a report from the Shared Services and Consolidation Committee, as well as hear updates on the school's early childhood expansion plan and the state Quality Single Accountability Continuum (QSAC) evaluations.

The meeting will be held at the school at 4501 Park Road at 6 p.m.

2009 Sea Isle City Polar Bear Plunge Coming Soon!!

Start planning! The annual Sea Isle City Polar Bear Plunge is coming soon! This year it actually falls on Valentine's Day, Saturday, February 14th. This is a can't be missed event! Whether you are brave and take the plunge or you are just a spectator, you are sure to have a great time!

There is also a post plunge party at LaCosta from 2:30 to 8pm.

For more information, go to:


Hope to see you there!!!

Tuesday, January 6, 2009

Sea Isle City Real Estate Market Update

Three homes have closed in the last two weeks, they are:

138 78th Street, asking price $815,000, sold price $800,000
3592 Landis, asking price $399,000, sold price $367,500
137 56th, asking price $869,000, sold price $750,000

Monday, January 5, 2009

Sea Isle City 2008 Real Estate Market Wrap Up

Well the year is over and 2008 was not quite as good as 2007 for the Sea Isle City Real Estate Market, but it wasn't awful either. Here is how we made out.

From January 1st, 2008 until December 31st, 2008, 178 homes have sold or gone under contract in Sea Isle.

13 Single Family homes sold-(Some were tear downs and were purchased for redevelopment purposes)
Under $600K--3
$600K-$800K--6
$800K-$1M--2
Over $1M--3

2 Vacant Lots
Priced $625K and $850K

4 Multi-Family Homes
Priced at $362K, $625K, $700K and $1,280,000

Condos/Townhomes
Under $400K--23
$400K-$600K--39
$600K-$799K--59
$800K-$900K--13
Over $900K--10

Currently Still Under Contract/Hasn't Closed Yet
2 Single Family Homes priced at over $1M
4 Condos priced $249K-$609K
9 Townhomes priced $535K-$1,179,000

In 2007, we had 239 homes that sold or went under contract, so we are down approximately 25% in transactions.

We are basically back to 2004 prices--
In 2004, the average sales price was approx. $670,829 with a median of $650,000, the average days on the market was 161 with a median of 136 days. In 2008, our average sales price was $640,963, with a median of $650,000, the average days on the market was 223 with a median of 170 days.

With low interest rates, reduced home prices and plenty of inventory, we are predicting a great 2009!

Thursday, January 1, 2009

Happy New Year!!

Just wanted to wish everyone a Happy, Healthy New Year!!!