LBI News Archives - WIlly Kahl, Broker Associate

Beach Haven House Raising Grant

ATTENTION PROPERTY OWNERS

HOUSE RAISING GRANT, FOR UP TO 75% REIMBURSEMENT, AVAILABLE!!

***YOU DO NOT HAVE TO HAVE FLOOD INSURANCE TO QUALIFY FOR THE PROGRAM***

If you fit one of these criteria, you qualify:

1. Primary homeowner who has sustained substantial damage
2. Secondary homeowner who has sustained substantial damage

3.Primary homeowner who is below base flood and may not have sustained substantial damage

4. Secondary homeowner who is below base flood and may not have sustained substantial damage

***YOU WILL NOT BE ELIGIBLE IF YOU HAVE ALREADY BEGUN CONSTRUCTION TO RAISE YOUR HOME***

More Information

Elevation Packet

Application on Beach Haven website

Latest LBI Home Sales Statistics

Below are charts and data analysis for LBI Oceanfront Single Family Home Sales from January 1 to March 12, 2017.

There were 6 closed LBI Oceanfront closed properties. The high priced Oceanfront estate was for a 1.9 acre property in Loveladies.

Jan to March oceanfornts sold

Below are charts and data analysis for LBI Bayfront & Lagoon front Single Family Home Sales from January 1 to March 12, 2017.

Look at the full Report Here Jan to March bayfronts sold

Ten single family LBI Ocean side sold from Jan. 1 to March 12, 2017 with an average price of $1,028,560.

Read Full Report: Jan to March oceanside sold

17 single family LBI Bay side homes sold from Jan. 1 to March 12, 2017 with an average price of $605,441.

Read Full Report: bayside solds Jan to march 2017

200 E. Pelham Ave. LBI Oceanfront Home For Sale

Beach Haven LBI Oceanfront

Stunning & extravagant custom built and designed reversed living 6 bedroom, 6.5 bathrooms Oceanfront home with 100’ on the ocean and no expenses spared. One of the most prestigious locations on LBI in the Little Egg Harbor Yacht Club section, with panoramic views throughout. The top floor features an open floor plan, custom kitchen with multiple seamless granite countertops and premium edges, Wolf 8 burner stove, Sub Zero refrigerators, all high end appliances, opening to a dining area and great room with a ventless gas fireplace, American cherry wood floors, entertaining bar and wine cooler. The exterior features a vast deck which wraps around into the private master suite and rooftop deck. The Oceanfront master suite includes a sitting area, 2 walk in closets, and a spectacular master bath featuring Carrera marble. A private office suite is off to the side.

The one of a kind three story custom cork screwed circular staircase will take your breath away as you stroll to the middle level and marvel at 2 of the 5 custom stained glass windows. Here we have 5 bedrooms, 5 full baths, an elegant family room, spacious IPE deck oasis with private heated gunite pool with pebble tec, infinity edge and waterfalls. Our ground level has a third family room, over-sized 3 car garages, beautiful landscaping, and brick pavers. All is immaculately maintained and the home comes fully furnished and is turnkey.

Designed professionally, some extras include three stop elevator, built in custom cabinetry, 2 x 6 construction, 4 zone HVAC, security system, central vac, cedar shake siding, vinyl railings, copper roofing, leaders and gutters, parking for 12 cars, LED lighting, circular wooden ceiling above stairwell, 2 dishwashers, laundry room and second set of washer and dryer on garage level, 2 ice makers, roof top deck views include Atlantic City!

Ship Bottom Oceanfront Home For Sale

We Merged and Moved into Jersea Realty!

Jersea Realty Welcomes LBI Realty Group in Merger

By MARIA SCANDALE | May 26, 2016

LBI Realty Group is joining Jersea Realty, at 1415 Long Beach Blvd. in Ship Bottom, in a merger expected to be completed by June 1. The announcement was made by Patrick Moeller, owner of Jersea Realty, and Broker-Associate and Manager Egon Willy Kahl and Ann Kahl, of LBI Realty.

Moeller said he is looking forward to the new association from the standpoint of growing Jersea Realty and gaining more of a market share in the real estate business.

“Willie is a seasoned Realtor and professional with over 30 years of experience. He and his staff are well respected and a good addition to my staff,” Moeller said.

“Egon Willy Kahl, former LBI Realty Group broker, will become the Jersea Realty office manager to network for incredible market reach to serve our clients and grow the business,” states a flier announcing the merger to potential customers.

Ann Kahl, a Realtor associate, will be a marketing specialist with the firm. Jersea Realty is the exclusive realty agency for Callan & Moeller construction company, one of the Island’s most prestigious home builders.

“We are now part of a well-established successful agency that has been in business for over 17 years that has sold many new developments such as Hideaway Bay, Hideaway Beach, Sounds Edge, The Colony and Bridge Tender,” the Kahls noted.

Meanwhile, LBI Realty Group had been established six years ago in Ship Bottom, specializing in oceanfront and bayfront sales. The office has been in the top 10 in sales since it opened, Willy Kahl said.

“What we found out in real estate is that we have a fantastic office and a lot of top producers, and what we wanted to do is merge offices together with managers and make it easier for myself so I can concentrate more on real estate sales. And I think Jersea Realty will be bigger and better by combining offices. It makes sense.”

LBI Realty Group brings two dozen associates. All current LBI Realty Group listings will be re-marketed as Jersea Realty listings on all social media platforms, websites and print advertisements.

At the same time, another manager is new to the Jersea Realty office – David Deleo joins the office from another firm, bringing 35 years of experience on Long Beach Island.

Broker of record for Jersea Realty is Kathryn Minto, the first person customers will see at the front desk as they enter the office, which is conveniently located in the same building as Crabby Paddy’s Restaurant. The newly constructed restaurant and two-story offices demonstrate top-quality construction by Callan & Moeller.

Kahl said, “We saw a golden opportunity to be established next to the Island’s newest restaurant and wanted to staff Jersea Realty with additional professional agents, who could be on call at all times for buyers and sellers and tenants entering the complex.”

In June, a hotline will be set up so potential clients can reach agents after hours, Kahl said.

Moeller bought the former Stutz Candies property after Superstorm Sandy and built the restaurant/office building. He said the central location is a good one for his businesses and surrounding businesses to serve each other.

Moeller also noted advantages of having Jersea Realty closely associated with Callan & Moeller Construction. Callan & Moeller home buyers often list their houses with the realty firm when they want a new or bigger home built by the company.

“And when homes are put up for resale and have home inspection issues, it can be hard to find people to take care of the issue; some of the jobs might be too small for them to want to tackle. But we take care of it in-house; it’s like one-stop shopping.”

The Jersea Realty brochure sums up, “Our years of experience, knowledge and dedication speak for itself when it comes to the number of satisfied buyers and sellers we have had the pleasure of bringing together.”

For more information, visit the new location, see the website at jersearealty.com, send an email to jerseaoffice@aol.com or call 609-492-1666.

Send business-related items to mariascandale@thesandpaper.net.

Grading for Bonnet Island Recreation Area Will Begin at the End of Summer

Public Access to Open in 2017

Photo by: Ryan Morril

Toward the end of summer, the New Jersey Department of Transportation will begin grading along Bonnet Island to create a recreation area as part of a restoration project involving land owned by the Edwin B. Forsythe National Wildlife Refuge. The grading is expected to take a few months to complete, said Daniel Triana, DOT public information officer.

The project is a unique collaboration among state and federal agencies to restore part of the area, south of the Causeway Bridge and west of Long Beach Island, to a salt marsh and to provide public access and walking trails once the site opens, which is expected in late 2017.

“Public access improvements will include a recreation area with benches, trails, storyboards and two pavilions overlooking the bay and wetlands area, where visitors can enjoy the surroundings and get a glimpse of the wildlife, such as migrating birds,” Triana said. “A parking area is being constructed near the entrance for convenient access.”

The restoration work, which began in March, is part of a mitigation plan approved by the DEP for environmental impacts from the Route 72 bridge construction. The initial work included clearing trees and vegetation to prepare the site, which was completed by April 1, per state regulation, Triana noted. Due to environmental restrictions, work will stop and start up again throughout the project.

The site, which is a former confined disposal facility (CDF), will see large-scale on-site transfer of soil to create tidal marsh. The site was a salt marsh prior to CDF creation, Triana said.

The project also includes the retrofitting of two existing stormwater basins within the Barnegat Bay watershed in northern Ocean County, which will remove harmful nitrogen from stormwater runoff before it gets discharged into Barnegat Bay.

“This will improve the health of the bay by reducing damaging algae blooms, which contribute to the degradation of submerged aquatic vegetation, which serves as a natural habitat for many species native to the bay,” Triana said. —K.A.E.

(Photo by: Ryan Morrill)

http://thesandpaper.villagesoup.com/p/grading-for-bonnet-island-recreation-area-will-begin-at-the-end-of-summer/1362013

Great News for LBI Homeowners Regarding Flood Insurance!

An update to the Biggert Waters Act was revised with the introduction of The Homeowner’s Affordability Act of 2014. Flood insurance rates have now been grandfathered to roll over with the sale of a property rather than have an increase to non federal funded rates. This is a significant benefit for those wanting to sell a property that is below base flood elevation.

Flood insurance rates are factored into the cost of ownership for most buyers. Since super storm Sandy, when the Biggert Waters Act was passed, many feared that flood insurance rates would ten-fold, an example being from $2,500 per year to $25,000 per year. The magnitude of such an increase in insurance costs could have deterred buyers from purchasing low lying properties as well as negatively impact property values on LBI.

It is my understanding that flood insurance companies are able to charge a 25% increase on their premiums annually, until the insurance no longer is subsidized. However, the 25% increase did not appear on most homeowners policies for 2014, although many did have quite an increase in 2013.

LBI Single Family Oceanfront Real Estate Values

In 2013, the average oceanfront price on LBI had increased to an all time record high of $2,959,529! This over inflated price was partly due to the numerous sales of oceanfront property on the north end of the Island which increased values much higher than expected. In general, oceanfront property values have turned around and are beginning to appreciate once again!

In 2014, the average oceanfront property sold was much smaller in size than those sold in 2013. There was an average of 84 feet of ocean frontage sold in 2013 versus the average in 2014 of 67 feet on the oceanfront.

The average price of an oceanfront sale in 2014 had a value of $2,086,948 (vs. $1,851,048 average in 2012). The average oceanfront property sold also had 67 linear feet on the oceanfront (vs. 69 in 2012 and 84’ in 2013). Fifteen of the twenty-nine sales this first half of 2014 were tear down Oceanfront homes, bringing prices down a bit.

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LBI Newlsetters

Barnegat Light Oceanfront

Immaculately maintained Reverse Living Oceanfront home with Panoramic ocean views, built by Eric Johnson and designed by Jay Madden. Featuring Continue reading…