Nearly Half of US Homeowners Considered ‘Equity Rich’

As home prices continue to increase, homeowners are getting richer and richer. About 45% of mortgaged residential properties in the U.S. were considered “equity rich” in the first quarter, up from about 32% a year earlier, according to a new report from ATTOM Data Solutions. Equity rich means that the combined estimated amount of the loan balance on the home was no more than 50% of the home’s estimated market value.

“Homeowners continue to benefit from rising home prices,” says Rick Sharga, executive vice president of market intelligence for ATTOM. “Record levels of home equity provide financial security for millions of families and minimize the chance of another housing market crash like the one we saw in 2008. But these higher home prices and rising interest rates make it extremely challenging for first-time buyers to enter the market.”

Equity growth likely will continue for the remainder of the year, but home price increases are predicted to moderate, Sharga says.

The highest levels of equity-rich properties were in the West during the first quarter, with eight of the top 10 states located in that region, ATTOM Data Solutions reports. The list of states with the most equity-rich property was led by Idaho (with 68.8% of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%).

The states where the share of equity-rich mortgaged homes increased the most in the fourth quarter of 2021 compared to the first quarter of 2022 were:

  • New Mexico: from 35.3% in the fourth quarter to 43.4% in the first quarter
  • Florida: from 46.6% to 53.6%
  • California: from 53.7% to 60.5%
  • South Carolina: from 35% to 41.2%
  • Montana: from 40.5% to 45.7%

©National Association of REALTORS®
Reprinted with permission

414 Eldon Drive, Broomall, PA. 19008 – Delco Home

414 Eldon Drive, Broomall, PA. 19008

Listing courtesy of John Jam – KW Greater West Chester

$550,000

Est. Mortgage $3,702/mo*
3 Beds
3 Baths
1742 Sq. Ft.

Description about this home for sale at 414 Eldon Drive, Broomall, PA. 19008

Welcome to 414 Eldon Drive, nestled in the sought-after Lawrence Park neighborhood. This split-level residence offers an inviting layout with 3 bedrooms and 2 ½ baths, featuring an updated master bath and a tastefully updated tiled hall bath on the second floor. The first level boasts a modern custom eat-in kitchen with exquisite wood cabinetry, granite countertops, and a tiled backsplash, showcasing top-tier stainless steel appliances. These features seamlessly blend with the freshly painted interior and flawlessly refinished hardwood floors throughout. Adjacent to the formal dining room, the living room is adorned with French doors leading to a covered deck overlooking the inviting inground pool. Step outside and immerse yourself in the tranquil ambiance of the beautifully landscaped grounds and elegant white vinyl fencing surrounding the pool. Whether you’re hosting gatherings or enjoying a peaceful day under the sun, this outdoor space offers endless opportunities for relaxation and recreation—a perfect setting for entertaining or simply unwinding in your own backyard oasis. The lower level adds to the living space, accommodating a powder room, laundry facilities, and providing access to the expansive private driveway. A rare gem, the 2-car detached garage comes equipped with forced gas hot air heating, ensuring convenience and comfort year-round. Additionally, the home features vinyl replacement windows and a new forced gas hot air heater 3/2024 and gas hot water heater 3/2024, along with central air conditioning, making it ready for its new owners to move in and enjoy.

Home Details for 414 Eldon Dr

Interior Features on this home for sale at 414 Eldon Drive, Broomall, PA. 19008
Interior DetailsBasement: Crawl SpaceNumber of Rooms: 1Types of Rooms: Basement
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and LayoutLiving Area: 1742 Square Feet
Appliances & UtilitiesAppliances: Gas Water HeaterLaundry: Lower Level
Heating & CoolingHeating: Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNo Fireplace
Windows, Doors, Floors & WallsFlooring: Wood Floors
Levels, Entrance, & AccessibilityStories: 2Levels: Split Level, TwoAccessibility: NoneFloors: Wood Floors
Exterior Features
Exterior Home FeaturesFencing: VinylOther Structures: Above Grade, Below GradeFoundation: BlockHas a Private Pool
Parking & GarageNumber of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 4No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 6Parking: Garage Faces Side,Garage Door Opener,Asphalt Driveway,Detached Garage,Driveway,Off Street,On Street
PoolPool: Yes – PersonalPool
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 1742 Square Feet
Days on Market
Days on Market: 1
Property Information
Year BuiltYear Built: 1961
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Detached
BuildingConstruction Materials: Vinyl Siding, Aluminum SidingNot a New Construction
Property InformationNot Included in Sale: Garage Retractable Awning, Clothes Washer & Dryer,Included in Sale: Kitchen Refrigerator, Rear Vinyl Shed And All Pool EquipmentParcel Number: 25000134914
Price & Status
PriceList Price: $550,000Price Per Sqft: $316
Status Change & DatesPossession Timing: Negotiable
Active Status
MLS Status: COMING SOON
Location
Direction & AddressCity: BroomallCommunity: Lawrence Park
School InformationElementary School District: Marple NewtownJr High / Middle School District: Marple NewtownHigh School District: Marple Newtown

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 414 Eldon Drive, Broomall, PA. 19008. and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 414 Eldon Drive, Broomall, PA. 19008

Listing courtesy of John Jam – KW Greater West Chester

2621 Oriole Rd. Broomall, PA. 19008 – Delco Home for sale.

2621 Oriole Rd. Broomall, PA. 19008 – Delco Home for sale.

Listing courtesy of Norm Andrews – RE/MAX Preferred – Newtown Square

$639,900

Est. Mortgage $4,232/mo*
4 Beds
3 Baths
2204 Sq. Ft.

Description about this home for sale at 2621 Oriole Rd. Broomall, PA. 19008

This impressive brick front home has been renovated from top to bottom and offers a hard to find 1st floor master suite that features a brand new full private bathroom with stylish ceramic tile and a walk-in closet with organizers. The oversized 1st floor family room (24×13) features walls of windows and skylights while offering scenic views of the deck and rear yard. Approaching the home you notice the welcoming curb appeal and spacious flat yard. The exterior of the home is highlighted with a new roof and new replacement windows throughout. Entering the home you are greeted by the formal living room that offers a gas fireplace accented by a stone wall and a traditional wood mantle, elegant wood staircase showcasing a newel post and square balusters. The brand new island kitchen has shaker cabinets and crown moulding, granite counter tops, stainless steel appliances, subway tile backsplash, recessed lighting and plenty of seating area for your family to dine. The first floor also offers LVP flooring and a convenient powder room. The second floor is home to three additional bedrooms, one of the bedrooms offers a bonus room that could be used as a computer room or bonus closet space, the brand new ceramic tiled full hallway bathroom is fitted with the stylish fixtures and complemented with nice tile selections. The attractive finished lower level offers tons of additional living square footage space for your imagination- additional storage space and updated utilities along with a generator panel complete the lower level. Additional upgrades include new flooring on the 2nd floor, new door hardware, recessed lighting throughout, upgraded doors. One car attached garage. This home just keeps getting better as you tour the property!

Home Details for 2621 Oriole Rd

Interior Features on this home for sale at 2621 Oriole Rd. Broomall, PA. 19008
Interior DetailsBasement: Full,FinishedNumber of Rooms: 1Types of Rooms: Basement
Beds & BathsNumber of Bedrooms: 4Main Level Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 2
Dimensions and LayoutLiving Area: 2204 Square Feet
Appliances & UtilitiesAppliances: Electric Water Heater
Heating & CoolingHeating: Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNumber of Fireplaces: 1Has a Fireplace
Levels, Entrance, & AccessibilityStories: 3Levels: ThreeAccessibility: None
Exterior Features
Exterior Home FeaturesOther Structures: Above Grade, Below GradeFoundation: BlockNo Private Pool
Parking & GarageNumber of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Built In,Attached Garage
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 2204 Square Feet
Days on Market
Days on Market: <1 Day on Trulia
Property Information
Year BuiltYear Built: 1953
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Cape Cod,Colonial
BuildingConstruction Materials: BrickNot a New Construction
Property InformationParcel Number: 25000349100
Price & Status
PriceList Price: $639,900Price Per Sqft: $290
Status Change & DatesPossession Timing: 0-30 Days CD
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: BroomallCommunity: Marple
School InformationElementary School District: Marple NewtownJr High / Middle School District: Marple NewtownHigh School District: Marple Newtown

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 2621 Oriole Rd. Broomall, PA. 19008. and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 2621 Oriole Rd. Broomall, PA. 19008

Listing courtesy of Norm Andrews – RE/MAX Preferred – Newtown Square

Buyers Resilient Against Rising Rates

Mortgage rates continue to push higher, but home buyers aren’t spooked. Mortgage applications for home purchases moved 5% higher last week compared to the previous week, and buyer competition remains elevated in many markets.

Even as costs rise, buyers remain focused on their homeownership aspirations. The 30-year fixed-rate mortgage rose to a 5.30% average last week, up from 2.94% just a year ago, Freddie Mac reports.

High inflation and the Fed’s tightening policy are the main drivers behind rising rates, Nadia Evangelou, National Association of REALTORS®’ senior economist and director of forecasting, writes on the association’s blog.

Mortgage rates have risen more than 2 percentage points since the beginning of the year. The monthly mortgage payment has increased by about $520 since the first week of January, when rates averaged 3.2%, Evangelou notes.

Still, “home buyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago,” says Sam Khater, Freddie Mac’s chief economist. “Several factors are contributing to this dynamic, including the large wave of first-time home buyers looking to realize the dream of homeownership. In the months ahead, we expect monetary policy and inflation to discourage many consumers, weakening purchase demand and decelerating home price growth.”

Freddie Mac reports the following national averages with mortgage rates for the week ending May 12:

  • 30-year fixed-rate mortgages: averaged 5.30%, with an average 0.9 point, up from last week’s 5.27% average. Last year at this time, 30-year rates averaged 2.94%.
  • 15-year fixed-rate mortgages: averaged 4.48%, with an average 0.9 point, dropping from last week’s 4.52% average. A year ago, 15-year rates averaged 2.26%.
  • 5-year adjustable-rate mortgages: averaged 3.98%, with an average 0.3 point, rising from last week’s 3.96% average. A year ago, 5-year ARMs averaged 2.59%.

Freddie Mac reports commitment rates along with average points to better reflect the total upfront cost of obtaining the mortgage.

©National Association of REALTORS®
Reprinted with permission

Buyers Have Doubled Their Down Payments

With home prices rising, home buyers are bringing higher down payments to make their offers more attractive to sellers. Buyers are offering about twice as much cash for down payments as they did two years ago, according to realtor.com® data.

Buyers, on average, offered a $28,000 down payment in the first quarter. In 2020, down payments averaged averaged $14,000.

The percentage of down payments has grown, too. In the first quarter of 2020, buyers averaged a 10.9% down payment on the purchase price, compared to 13.1% in the first quarter of this year.

Median home list prices rose 26.1% over that same period from 2020 to 2022, according to realtor.com®.

“During the pandemic, people were not spending as much on entertainment and travel and received stimulus payments, which enabled them to put more cash down on homes,” says Hannah Jones, realtor.com® economic data analyst.

Several Florida metro areas posted the largest increases in down payments, led by Cape Coral. Down payments there rose by 174.7% from the first quarter of 2021 to the first quarter of 2022. The average buyer had a down payment of $42,000, according to the realtor.com® report.

However, the largest overall down payment averages for a home were in Silicon Valley’s San Jose, Calif., at 23.7% of the price of a home—$290,000, according to the report.

©National Association of REALTORS®
Reprinted with permission

9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.

9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.

Listing courtesy of Terese A Jones-Anders – RE/MAX PREFERRED SEA ISLE

$1,425,000

Est. Mortgage $8,962/mo*
3 Beds
2 baths
1449 Sq. Ft.

Description about this home for sale at 9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.

Experience waterfront living at this 3 bedroom, 2 bath condo! Surrounded by breathtaking panoramic views, located at the end of the island where the beach and bay meet. Step outside to your private balcony and enjoy morning coffee as you bask in the refreshing breeze, or unwind with a glass of wine as the sun sets on another perfect day. The master bedroom has a seaside location; wake up and fall asleep to the sound of the sea. The other two bedrooms are spacious and have plenty of storage. The updated kitchen boasts newer appliances and an open layout; great for entertaining. Some other updates include a new heater, freshly painted, and is lovingly maintained. The Townsend Shoals Condo association is a meticulously maintained community of friendly neighbors where one can be as social as they’d like. You will surely enjoy the privacy of the secluded setting of this condo and calm you deserve! This could be your sanctuary! Call now to book a showing!

Home Details for 9400 Roberts Ave #302

Interior Features on this home for sale at 9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.
Interior DetailsNumber of Rooms: 7
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and LayoutLiving Area: 1449 Square Feet
Appliances & UtilitiesAppliances: Range, Self Cleaning Oven, Microwave, Refrigerator, Dishwasher, Disposal, Electric Water HeaterDishwasherDisposalMicrowaveRefrigerator
Heating & CoolingHeating: Natural Gas,Radiant,Fireplace(s)Has CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & SpaHas a Fireplace
Windows, Doors, Floors & WallsWindow: BlindsFlooring: Hardwood, Carpet, Tile
Levels, Entrance, & AccessibilityLevels: OneFloors: Hardwood, Carpet, Tile
ViewHas a ViewView: Water
SecuritySecurity: Smoke Detector(s)
Exterior Features
Parking & GarageHas Open ParkingParking Spaces: 2Parking: 2 Car,Assigned,Asphalt,Shared Driveway
FrontageWaterfrontWaterfront: Bay Front, Beach Front, WaterfrontOn Waterfront
Water & SewerSewer: City
Days on Market
Days on Market: 5
Property Information
Year BuiltYear Built: 1991
Property Type / StyleProperty Type: ResidentialProperty Subtype: Condominium
BuildingNot a New Construction
Property InformationIncluded in Sale: Blinds, Partial Furniture
Price & Status
PriceList Price: $1,425,000Price Per Sqft: $983
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: Sea Isle City

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home. and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.

Listing courtesy of Terese A Jones-Anders – RE/MAX PREFERRED SEA ISLE

25 52nd St. #1, Sea Isle City, NJ. 08243 – jersey shore Vacation home.

25 52nd St. #1, Sea Isle City, NJ. 08243 – jersey shore Vacation home.

Listing courtesy of John Mccann – C. A. McCANN & SONS

$850,000

Est. Mortgage $5,175/mo*
3 Beds
2 baths

Description about this home for sale at 25 52nd St. #1, Sea Isle City, NJ. 08243

Don’t miss this rare beach block opportunity! Located steps to the beach, this 1st floor 3 bed, 1.5 bath unit is a perfect shore getaway for the family while also having great income-producing potential as a rental. After a day at the beach, relax on your awning-covered front porch. The unit is well-maintained and is being offered with the tasteful furnishings included, less seller’s personal items. All this plus a short walk to local restaurants and shopping make this a condo and a location that can’t be beat. Call today!

Home Details for 25 52nd St #1

Interior Features on this home for sale at 25 52nd St. #1, Sea Isle City, NJ. 08243
Interior DetailsNumber of Rooms: 6
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (partial): 1
Appliances & UtilitiesAppliances: Range, Oven, Self Cleaning Oven, Microwave, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Electric Water HeaterDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Heating & CoolingHeating: Electric,BaseboardHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Electric
Windows, Doors, Floors & WallsWindow: Curtains, BlindsFlooring: Hardwood, Carpet, TileCommon Walls: No One Below
Levels, Entrance, & AccessibilityLevels: OneEntry Location: First FloorFloors: Hardwood, Carpet, Tile
SecuritySecurity: Smoke Detector(s)
Exterior Features
Water & SewerSewer: City
Days on Market
Days on Market: 4
Property Information
Year BuiltYear Built: 1920
Property Type / StyleProperty Type: ResidentialProperty Subtype: Townhouse
BuildingNot a New Construction
Property InformationIncluded in Sale: Curtains, Blinds, Furniture
Price & Status
PriceList Price: $850,000
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: Sea Isle City

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 25 52nd St. #1, Sea Isle City, NJ. 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 25 52nd St. #1, Sea Isle City, NJ. 08243

Listing courtesy of John Mccann – C. A. McCANN & SONS

Most Borrowers Don’t Compare Mortgage Rates

Fifty-six percent of home buyers went with the first mortgage rate offer they received, according to a new survey from LendingTree of more than 1,000 homeowners. But nearly half of those who gathered multiple quotes reported that they saved money by doing so—46% of borrowers who shopped around said the first offer they received was not the lowest rate.

Overall, only about a quarter of survey respondents said they received offers from two lenders, while 14% got offers from three, the survey shows.

“Though many people might not realize it, shopping around for a mortgage before you buy can help you get a lower rate and save tens of thousands of dollars over the lifetime of your loan,” says Jacob Channel, LendingTree’s senior economic analyst.

Women, baby boomers, and low-income borrowers were the least likely to shop around for mortgage rates, the survey found.

Real estate professionals may be key to helping borrowers find a lender. The survey reports that agents are the top way buyers connect to a lender. Fifty-one percent of homeowners first met with a real estate agent to begin the homebuying process before meeting with a bank.

©National Association of REALTORS®
Reprinted with permission

Fixed-Rate Mortgages Dip but ARMs Rise

The 30-year fixed-rate mortgage fell slightly this week, a temporary retreat after weeks of steady increases. The 30-year fixed-rate mortgage averaged 5.25%, Freddie Mac reports. Rates dropped following the 10-year Treasury yield trend this week. Last week’s average was 5.30%.

“Economic uncertainty is causing mortgage rate volatility,” says Sam Khater, Freddie Mac’s chief economist. “As a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level in nearly two years. Builders are also dealing with rising costs, meaning this posture is likely to continue.”

Freddie Mac reports the following national averages with mortgage rates for the week ending May 19:

  • 30-year fixed-rate mortgages: averaged 5.25%, with an average 0.9 point, dropping from last week’s 5.30% average. Last year at this time, 30-year rates averaged 3%.
  • 15-year fixed-rate mortgages: averaged 4.43%, with an average 0.9 point, falling from last week’s 4.48% average. A year ago, 15-year rates averaged 2.29%.
  • 5-year adjustable-rate mortgages: averaged 4.08%, with an average 0.2 point, rising from last week’s 3.98% average. A year ago, 5-year ARMs averaged 2.59%.

Freddie Mac reports commitment rates along with average points to better reflect the total upfront cost of obtaining the mortgage.

©National Association of REALTORS®
Reprinted with permission

8609 Landis Ave #301, Sea Isle City, NJ. 08243 – Jersey Shore Home.

8609 Landis Ave #301, Sea Isle City, NJ. 08243

Listing courtesy of Kathleen Matthews – TI REALTY GROUP

$1,099,000

Est. Mortgage $7,122/mo*
3 Beds
4 Baths

Description about this home for sale at 8609 Landis Ave #301, Sea Isle City, NJ. 08243

Welcome home to your beach block condo in the heart of Townsend Inlet! You’ll feel right at home when you pull into the covered parking garage with an assigned spot, unload your beach accessories in your private outdoor storage room, and use the elevator to bring your luggage up to your modern and welcoming condo! This newer condo boasts three master suites with a full open kitchen, dining area, living room, and private deck. Bed configurations are a king and two queens with a combination of walk-in showers and a bathtub, making it great for families with little ones! Condo fees include fire and flood insurance for the building, general shared facility maintenance, shared utilities and common elevator. Rental income is available upon request. Don’t miss out on this amazing opportunity and schedule your showing today.

Home Details for 8609 Landis Ave #301

Interior Features on this home for sale at 8609 Landis Ave #301, Sea Isle City, NJ. 08243
Interior DetailsNumber of Rooms: 6
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (partial): 1
Appliances & UtilitiesAppliances: Range, Oven, Microwave, Refrigerator, Washer, Dryer, Dishwasher, Gas Water HeaterDishwasherDryerMicrowaveRefrigeratorWasher
Heating & CoolingHeating: Natural Gas,ElectricHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & AccessibilityLevels: One
Exterior Features
Parking & GarageParking: Assigned
Water & SewerSewer: City
Days on Market
Days on Market: 5
Property Information
Property Type / StyleProperty Type: ResidentialProperty Subtype: Condominium
BuildingNot a New Construction
Property InformationIncluded in Sale: Furniture
Price & Status
PriceList Price: $1,099,000
Status Change & Dates
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: Sea Isle City

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 8609 Landis Ave #301, Sea Isle City, NJ. 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 8609 Landis Ave #301, Sea Isle City, NJ. 08243

Listing courtesy of Kathleen Matthews – TI REALTY GROUP

107 Cove Road, Broomall, PA. 19008 – Delco Home for sale

107 Cove Road, Broomall, PA. 19008

Listing courtesy of Diane Krause – BHHS Fox & Roach-Haverford

$550,000

Est. Mortgage $3,713/mo*
3 Beds
3 Baths
1900 Sq. Ft.

Description about this home for sale at 107 Cove Road, Broomall, PA. 19008

Welcome to 107 Cove Road, a meticulously maintained Cape Cod style home nestled in a peaceful cul-de-sac in the desirable Foxcroft neighborhood of Broomall. With a main level bedroom and bath, this comfortable residence is perfect for those wishing to upsize, downsize or right size. It boasts 3 bedrooms, 2.1 baths, and an array of desirable features. Upon entering the center hall foyer, you’ll be greeted by an open, airy living room with cathedral ceiling providing a sophisticated setting for relaxation and entertainment. The formal dining room is adjacent to a spacious, updated eat-in kitchen offering a picturesque four season view of the surrounding woods and creek. The main level features a convenient ensuite bedroom, ideal for guests or those seeking single-level living. Upstairs, you’ll find two nicely sized bedrooms and a well-appointed hall bath. For additional living space, there is a fabulous finished, walk-out lower level with a wet bar, powder room, fridge and oven – perfect for entertaining – plus a wood-burning fireplace and convenient access to a large patio overlooking the serene woods and creek. This level also offers a one car garage with convenient inside access. Conveniently located near shopping centers and major highways, this home offers easy access to everyday amenities while still providing a tranquil residential setting. Situated within the Marple Newtown School District, this property presents an excellent opportunity to experience both comfort and convenience in one of Broomall’s most desirable neighborhoods. Schedule your showing today and make this exceptional property your new home!

Home Details for 107 Cove Rd

Interior Features on this home for sale at 107 Cove Road, Broomall, PA. 19008
Interior DetailsBasement: Full,Finished,Garage Access,Heated,Walkout LevelNumber of Rooms: 1Types of Rooms: Basement
Beds & BathsNumber of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and LayoutLiving Area: 1900 Square Feet
Appliances & UtilitiesAppliances: Electric Water Heater
Heating & CoolingHeating: Forced Air,Zoned,ElectricHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNumber of Fireplaces: 1Fireplace: Stone, Wood BurningHas a Fireplace
Windows, Doors, Floors & WallsWindow: ReplacementFlooring: Hardwood, Carpet, Tile/Brick
Levels, Entrance, & AccessibilityStories: 1.5Levels: One and One HalfAccessibility: NoneFloors: Hardwood, Carpet, Tile Brick
Exterior Features
Exterior Home FeaturesOther Structures: Above Grade, Below GradeFoundation: Concrete PerimeterNo Private Pool
Parking & GarageNumber of Garage Spaces: 1Number of Covered Spaces: 1Open Parking Spaces: 5No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 6Parking: Garage Faces Side,Inside Entrance,Attached Garage,Driveway
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 1900 Square Feet
Days on Market
Days on Market: 3
Property Information
Year BuiltYear Built: 1955
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Cape Cod
BuildingConstruction Materials: BrickNot a New Construction
Property InformationCondition: Very GoodIncluded in Sale: Washer, Dryer, Refrigerator In Kitchen, Refrigerator In Laundry Room, Oven In Laundry Room, Freezer In Garage All In As-is Condition With No Monetary ValueParcel Number: 25000097408
Price & Status
PriceList Price: $550,000Price Per Sqft: $289
Status Change & DatesPossession Timing: Immediate
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: BroomallCommunity: Foxcroft
School InformationElementary School District: Marple NewtownJr High / Middle School District: Marple NewtownHigh School District: Marple Newtown

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 107 Cove Road, Broomall, PA. 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 107 Cove Road, Broomall, PA. 19008

Listing courtesy of Diane Krause – BHHS Fox & Roach-Haverford

ARMs Can Help You Save, But Carry Risks

The typical home buyer could save $260 per month with an adjustable-rate mortgage over a 30-year fixed-rate mortgage, or more than $15,000 in five years, a new study from Redfin shows. That marks the largest savings since at least 2015.

A 5/1 ARM means the interest rate is fixed for the first five years and then adjusts once a year for the remainder of the loan term, usually 30 years. ARMs that first reset in seven years or 10 years also are common. The 30-year fixed-rate mortgage keeps its interest rate for the life of the loan.

But ARMs can be risky: When the rates reset, borrowers can face significantly higher payments if rates rise significantly. Also, with certain types of ARMs, borrowers can face fees or penalties if they refinance or pay off their loan early.

“Adjustable-rate mortgages can work really well for home buyers who plan to stay in their home for less than five to 10 years and have the means to cover higher payments when the loan resets,” Arnell Brady, a senior loan officer at Bay Equity Home Loans, said in the Redfin study. Brady noted that up to 30% of his clients are now requesting ARMs.

The 30-year fixed-rate mortgage averaged 5.25% last week while the 5-year ARM averaged 4.08%, Freddie Mac reports.

A year ago, borrowers saw 30-year rates at just 3%. The increase in rates is adding significantly to costs. For example, new-home buyers who signed a contract to purchase a home a year ago when rates were 3% or lower are finding themselves caught off-guard as they go to close. They may face increases of hundreds of dollars on their mortgage payments.

In mid-May, the National Association of REALTORS® reported that monthly mortgage payments had increased by about $520 since the first week of January, when rates averaged 3.2%.

©National Association of REALTORS®
Reprinted with permission