Unique New Jersey Home Defies Classification Amidst Soaring Prices

A unique expanded Cape Cod-style home at 647 1st Avenue in Deptford, New Jersey, is for sale amidst the state's skyrocketing housing prices, offering a blend of classic charm and modern amenities, including a recently updated kitchen and bathroom, in a convenient location near shopping and major highways. The property's distinctive design and features stand out in a market struggling with affordability and inflation, making it a rare opportunity for buyers seeking a distinctive living space." This description focuses on the primary topic of the article (the unique home for sale), the main entity (the property at 647 1st Avenue), the context (New Jersey's housing market), and the significant actions and implications (the property's distinctive design and features in a market struggling with affordability and inflation). The description also provides objective and relevant details that will help an AI generate an accurate visual representation of the article's content, such as the property's style, location, and features.

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Unique New Jersey Home Defies Classification Amidst Soaring Prices

Unique New Jersey Home Defies Classification Amidst Soaring Prices

Amidst New Jersey's skyrocketing housing prices fueled by inflation, a peculiar home for sale at 647 1st Avenue in Deptford, Gloucester County, has piqued the interest of potential buyers and real estate enthusiasts alike. The property, a delightfully expanded Cape Cod-style home, boasts a classic design with modern updates, offering a cozy and inviting atmosphere that sets it apart from conventional housing styles in the Garden State.

Why this matters: The unique property's classification amidst soaring housing prices in New Jersey highlights the state's ongoing struggle with affordability and the impact of inflation on the housing market. As housing values continue to rise, it is essential to consider the broader implications on the economy and the accessibility of housing for residents.

The home, built in 2020, has undergone recent upgrades throughout, including a newly updated kitchen in 2021 featuring white shaker cabinets and concrete countertops, as well as a recently updated full bathroom with a double vanity. The main floor comprises a living room with a bay window, a large open kitchen, a spacious family room with vaulted ceilings and wood beams, and an expanded primary bedroom adjacent to the full bathroom.

The second floor offers two bedrooms, both with window seats and new laminate flooring, along with potential space to add a second bathroom. The unfinished basement, with its high ceilings, presents an opportunity for additional living space or storage. The property also features an enclosed front porch, currently used as an office, which adds square footage and reduces exterior noise, as well as a fully fenced-in yard with an expanded double driveway, corner shed, and landscaping.

Located in Deptford, just minutes away from shopping, restaurants, parks, and major highways, and only 30 minutes from Philadelphia, the home offers convenience and accessibility. The area boasts a range of amenities, including 34 restaurants within a short distance. The property, listed at $19 per square foot, is being sold As-Is, with a 1-year home warranty provided by the seller with an acceptable offer. The estimated monthly payment stands at $2,111.

While the home's unique design and layout have sparked curiosity, it is important to note that it may be impacted by climate change due to rising temperatures and sea levels. Redfin, the real estate brokerage, is working on obtaining current and accurate flood, fire, heat, wind, and air risk information for this property. Prospective buyers can also explore down payment assistance programs, estimated energy costs, solar savings, and available Internet plans and providers for the home.

As housing values continue to skyrocket in New Jersey, with some homes worth 10% more since 2023, the unique property at 647 1st Avenue in Deptford stands out as a captivating option for those seeking a distinctive living space. With its blend of classic charm and modern amenities, this expanded Cape Cod-style home offers a rare opportunity to own a piece of real estate that defies conventional classification.

Key Takeaways

  • Unique Cape Cod-style home for sale in Deptford, NJ, amidst soaring housing prices.
  • 2020-built home with modern updates, including kitchen and bathroom renovations.
  • Features 3 bedrooms, 1 bathroom, and an unfinished basement with potential for expansion.
  • Located near shopping, restaurants, and major highways, with a 1-year home warranty.
  • Listed at $19/sqft, with an estimated monthly payment of $2,111.