Real Estate Junkie: Colts Neck N.J.

We pass by this little house on the way to church and, my dad says, ” that is the perfect size house for you.” I say, ” I can’ afford that house or any other house at the moment..” Needless to say I found out how much the house is and, I am not surprised knowing how expensive the Colts Neck area really is.. I would need to make a lot of money off of my Amazon book selling before I am even close to thinking about owning a house. I do want to own a few properties and, rent them out. Actually I would like my first house I own to be a rental so, I have even more income coming in when purchasing my home. And, no I definitely do not want to rent an apartment i want to save my money and purchase a home. I’m going to do a Real Estate Junkie my dream home edition next week with ideas about how I would like my first home. Feel free to comment and, let me know about great real estate you think I would like as my dream home. Getting into Colts Neck a pretty swanky area that used to be almost all farm land of course, since hen it has turned into multi-million dollar homes but, still has the charm of having a lot of land and, farms. Being my realistic self I am not showing you all a multi-million dollar property that only about 20% of America could afford instead here is a property that is still within most budgets and, still in Colts Neck.

This cute cape is nestled in the village part of Colts Neck this means you are within walking distance to everything but, unlike most towns Colts Necks doe snot have a main town and you will most likely be driving everywhere especially because the highway is right down the street. Some perks are that it is by two shopping complex’s with a Dunkin’ Donuts, pizza, dance etc. Delicious Orchards is a skip and a jump down the highway which is great for apple picking in the fall an, has that country town vibe however fair warning, Delicious orchards can be pricey so, you may be headed to a ShopRite or farmers market instead..

The backyard does look spacious which is nice because there is a smaller yard in the front which can make it difficult when your children want to play outside. Located in a semi-quiet neighborhood and, the plus is that there is a restriction on the hours traffic can come in and, out of the highway. From the looks of the house it does need some work and unfortunately they did not post pictures of the whole house which gives you all the more reason to take a look. From the looks of the back something I would add to the house is a sunroom, porch and, possibly a deck. They stated that there is enough room if you wanted to build a pool. It is three bedrooms with one bathroom which is why I would probably add at least two more bathrooms if possible. It has an eat-in kitchen and living room on the first floor.

Zillow estimates that you could receive about  $2,200 in rent a month. The price they are asking is about $335,000. In 2007 the peak of the market the value of the house was over $400,000 and, based on the comps in the area if you were to put in a little bit more to the house it could go in the $600,000. I would be sure to check with that before purchasing the house because I am not a professional and, that was an educated guess.

 

I hope you enjoyed this addition of Real Estate Junkie look out for next weeks post on m dream home..

Have an enlightening and adveturous day,

allie

Real Estate Junkie

Hello, my name is Allie and I am a real estate junkie. Oh my, the amount of time I could spend looking at Real Estate is, infinite. I don’t know what it is about real estate but, I love it. It may be the possibility of living in many places or, the history behind the walls. Now, I don’t enjoy all real estate in fact, I want to own many different kinds of real estate. I think there is something to be said about having a family home where all of your relatives can come to on special occasions or long summers. I want to eventually own an estate to use on occasion and then turn it into a rental space, or other things, “I have a few ideas in mind depending upon where it is.” Right now I am looking at real estate a little closer to home that I may want to own, rent out, air b and b, or have bed and breakfast in the next ten years. The real estate is not cheap and, may not even be available but, I am hoping to have he money to gobble up a few prime spots in many different destinations. I am a big fan of unique properties that have a decent amount of acreage and are not too close to other houses. Having farm land is an advantage especially if I were to have a bed and breakfast so, we would have fresh produce to eat/cook. A house that I would actually like to live in would be very different, maybe a converted barn or something to that extent. I would want to live in a medium sized house with the option of having a few larger houses where my family could gather and enjoy each others company. Right now I am no where near being able to afford a home let alone multiple homes. I am currently at my parents house and, I’m ok with that for now until my businesses start to pick up a larger income. I plan on taking what I earn save, invest in a property, and travel. I think traveling is very important and, it may give me an idea of how I want to live once I am on my own. I have defiantly been bitten by the travel bug and, I want to visit as many places as I possibly can. When I’m traveling I would like to blog and vlog about the places I am staying and my experiences.  I think it would be awesome if I got a chance to stay at properties in other countries and explore the way their houses etc. were built and, the history behind them. I am a true real estate junkie because I watch documentaries of the history of how palaces, and important architectural structures were made. I find it fascinating that we are walking the same steps of others who have come before us. Real Estate has been such an important part of history an, was often gifted by royalty to those who did favors for them. By doing a favor for a queen or king it may have also, earned you a title that you would not have gotten unless you were blood related to a person of a title. All of these structures have held people of great importance and, some of which their importance is unknown. Do you ever get the overwhelming feeling of how much history has taken place on the floor you now step on. That is one of the reasons I am so addicted to real estate and, the promise of the memories I can add to the home. I think the next place I will be looking in is NYC- I think I’m going to take a peek at Brooklyn and, where I could imagine myself. If you are looking for a place in Brooklyn let me know in the comments and, in my next post I will have some real estate options/links. Woohoo Brooklyn here we come! Should this be N.Y.C. month? Let me know in the comments if I should write about all the areas in N.Y.C. and, what I see about the next up and coming neighborhood. I do have to say that it seems almost all areas of N.Y.C. are up and coming these days….

Have an enlightening and adventurous day,

allie vLuv

http://www.zillow.com/homes/for_sale/Colts-Neck-NJ/44701_rid/any_days/40.371397,-73.995839,40.221354,-74.330922_rect/11_zm/2_p/